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Economic Impact Of Equestrian Events

The Economic Impact of the Olympic Equestrian Events on the Tourism and Hospitality Industry in Hong Kong


In 8th July 2005, when the Secretary for Home Affairs announced Hong Kong’s endorsement by Beijing as the host of the 2008 Olympic equestrian event, he expressed his optimistic anticipation of the economic benefits affiliated1. While the economic impact is still non-quantifiable at present, doubtless, the tourism and hospitality industry, which foreign visitors would first get contact with in Hong Kong, is one of the biggest beneficiaries --- from an economic perspective, the industry is poised to thrive.
To begin with, in the course of the Olympic equestrian events, a short-term economic influence will be seen in several tourism components, namely the accommodation, aviation and retail sector.
In the accommodation sector, the Royal Park Hotel is appointed as the athlete village, whereas the Regal Riverside Hotel is for the accommodation of the judges, the media, and......


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Approximate Word Count: 1668
Approximate Pages: 7 (250 words per double-spaced page)

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