Hong Kong and Singapore get tourism funds

Hong Kong & Singapore, 1st March: The Hong Kong Tourism Board (HKTB) and Singapore’s Tourism Development Fund will receive fund for boosting its tourism industry.

In the latest budget, the Hong Kong government announced to allocated HK$1.1 billion (US$128 million) in funding to strengthen the destination brand and expedite tourism development. The fund allows Hong Kong’s tourism industry to create more products and events to attract tourists, who would spend more time in the destination.

Separately, Singapore’s Tourism Development Fund will get a S$300 million (US$223 million) boost, going into initiatives aimed at reinforcing the global business-hub status. Rejuvenation of existing tourism offerings, training support for tourism workers, and intellectual development of local tourism companies will be launched.