Asia Centric by Bloomberg Intelligence
Rebuilding Hong Kong's Image as Asia's World City
Apr 29, 2025
In this engaging conversation, Benjamin Quinlan, CEO of Quinlan & Associates and Hong Kong Tourism Board ambassador, explores Hong Kong's path to rejuvenation. With the city's economy slowly rebounding, he discusses the importance of mega events and quality tourism experiences. Benjamin highlights the need for strategic planning to combat high commercial vacancy rates and regain international appeal. He also examines the unique cultural identity of Hong Kong and the vital role of local engagement in shaping a positive global image while navigating modern challenges.
34:08
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Quick takeaways
- Hong Kong's revival is evident through successful events and a recovering stock market, yet persistent challenges like high office vacancies threaten stability.
- The city must enhance its unique cultural identity and focus on attracting high-quality tourists to sustain economic growth and revitalization.
Deep dives
Emerging Economic Optimism
Hong Kong's economy shows signs of revival, highlighted by successful events like the Rugby Sevens tournament and Art Basel, which have drawn substantial crowds. There is optimism about the local stock market and the potential boost in the IPO market, suggesting a positive economic outlook. Nevertheless, challenges remain, including inbound tourism numbers that are still below pre-pandemic levels and rising office vacancies, which have hit a record high. The sustainability of this economic momentum hinges on attracting and retaining both residents and tourists to spend within the city.
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