Financial woes of Hong Kong’s West Kowloon arts hub deepen amid weak spending

Financial woes of Hong Kong’s West Kowloon arts hub deepen amid weak spending

The managing authority for Hong Kong’s arts hub is contending with deepening financial woes and weakened local spending, with its revenue in the 2024-25 financial year contracting by 18 per cent and its operating deficit ballooning to HK$769 million (US$98.5 million). According to a legislative paper released on Wednesday, the West Kowloon Cultural District Authority’s…

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What can Hong Kong learn from Shanghai’s aggressive mega-event strategy?

What can Hong Kong learn from Shanghai’s aggressive mega-event strategy?

Hong Kong should target high-spending multicultural audiences rather than mass-market tourism, experts have said in response to Shanghai unveiling plans for its mega-event economy – potentially putting the two cities in direct competition. In terms of booking international superstars, Shanghai already has the lead. The mainland Chinese metropolis hosted two concerts by American diva Mariah…

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