Eight-day event, featuring stars from clubs such as Liverpool and AC Milan, is boon for retail and hospitality sectors, experts say
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport.
One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period compared with the same time last year, exceeding their original forecast of an 8 per cent rise.
The Hong Kong Football Festival, which kicked off on Thursday, involves four major European clubs – Liverpool, AC Milan, Arsenal and Tottenham Hotspur – at Kai Tak Stadium.
Organiser TEG Sport told the Post that more than 35,000 fans attended the open training sessions for Liverpool and AC Milan on Thursday and Friday.
