Minister for Culture, Community and Youth Edwin Tong said that concert tourism “is a growth area that we can tap into”.
“When you analyse the travel patterns of the major Western acts, they’re very much focused on touring Europe and United States, are already very saturated, whereas in Asia, as we have seen, the demand is there with more acts coming for more nights… there is headroom for growth,” he said. Mr Tong noted that there cannot always be such high-value concerts as they are cyclical in nature, and 2024 happened to see big shows “opportunistically bunched up together” at the start of the year.
These include the Kai Tak Sports Park in Hong Kong, which comprises a 50,000-seat stadium, 10,000-seat indoor sports centre and 5,000-seat public sports ground. The venue is aiming for a 2025 opening.
Source: Financial Digest (financialdigest.net)
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