Opinion | How the ocean economy can put the wind in Hong Kong’s tourism sails
- The city’s location makes it ideal for hosting water sports events. In particular, sailing could attract ultra-high-net-worth visitors
Half of the world’s population can reach Hong Kong by flight in less than five hours. This strategic location makes the city an ideal hub for sporting events and competitions.
The finance, import/export trade and real estate industries account for over 50 per cent of the city’s gross domestic product, and are also major providers of high-paying jobs. It is hard for young people to find a job with steady income, flexible hours and a predictable career path in other industries.
Sailing can help fill this void if the industry develops further in Hong Kong. Sailing boat builders, agents and sailing clubs would add headcount in areas such as boat design, trade, marine services, financing, insurance, crew management, race management, training, legal services, food and beverage and event organising.
