HONG KONG ASIA’S WORLD CITY - AND LEADING AVIATION HUB
TOP 6 ASIAN AIRPORTS (PASSENGER) IN % Domestic 1. Hong Kong32.0M- 2. Bangkok30.4M24 3. Singapore27.9M- 4. Narita, Tokyo25.7M4 5. Beijing24.4M76 6. Kansai, Osaka19.7M40
Airlines and Destinations at Asian Hub Airports Airport Airlines Destinations Hong Kong67142 Singapore64119 Sydney43 67 Tokyo49 65 Bangkok79111 (Source : OAG, 2001)
As I speak for 3 minutes on stage, another 180 passengers go through HKIA
TOP 6 AIRPORTS (INTERNATIONAL CARGO) IN 2001 Hong Kong2.1M Tonnes Seoul1.8M Tonnes Narita1.7M Tonnes Frankfurt1.6M Tonnes New York JFK1.5M Tonnes Paris CDG1.5M Tonnes
Equivalent to 4,000 elephants per day
Beijing Seoul Tokyo Taipei Manila Bangkok Singapore Kuala Lumpur Hong Kong Jakarta
Hong Kong International Airport
STRONG HUBS “Great cities are all based on transport hubs” Strength of home carriers
Great Cities of the Past
Ministers In Charge of Transport Are Most Important!
A Successful Hub Requires a Strong Home Airline London Amsterdam Dubai Singapore Hong Kong
Contribution of a Home Carrier Foreign exchange Local employment - high-skilled jobs Headquarters investment International brand name Promote tourism Multiplier effect
Airlines Offering Flights between Hong Kong and Selected Cities DestinationDirect Flights Connecting Flights Flights/Week Bangkok Taipei Singapore Tokyo52 92 London36 75 (Source : OAG, 2001) HONG KONG: – An open hub
Dominant Asian Hub Carriers City Airline % of flights Kuala LumpurMalaysia Airlines 68.0 SeoulKorean Airlines 51.3 BangkokThai Airways 45.1 SingaporeSingapore Airlines 43.0 TaipeiChina Airlines 29.0 Hong KongCathay Pacific 25.4
WHAT DOES THE FUTURE HOLD?
Continue to Enhance our Product, the Network and the Hub Status of HK
CHINA Huge potential –International traffic only represents 0.3% of population now –If 3% of population travels, it means 7% of all world’s traffic!
CHINA WTO entry Hong Kong: a major & established gateway Direct services to 44 cities 4.5m mainland visitors to Hong Kong a year Growing tourism
AND… Importance placed on infrastructure - new airport, links to China, tourism projects etc Remove restrictions on movement of goods and people Increasing air services between the Chinese mainland and Hong Kong SAR China needs several hubs: HK already established Consolidation around key international gateway hubs - similar to patterns elsewhere Enhancing HK’s competitiveness overall
BUT THERE ARE MORE CHALLENGES…. Not a low cost base External environment Economic downturn Increasing competition Changing tourism trends
TO MAINTAIN OUR HUB STATUS Government / Industry co-operation Policy stability Aviation Industry Enhancement Continue to invest into the tourism and travel / transport related resources Develop infrastructure
– Showcase the importance of cooperation between Industry & Government HONG KONG’S SUCCESS
Thank you!