HONG KONG GOVERNMENT HOME AFFAIRS BUREAU
2023 ASIAN GAMES ECONOMIC ANALYSIS
MI Associates in partnership with ICF International were commissioned to undertake a feasibility study and economic analysis of Hong Kong hosting the Asian Games in 2023.
The scope of work included extensive stakeholder engagement with Honk Kong Government, venues and potential services providers, development of the all key revenue and expense assumptions associated with hosting the event, development of a comprehensive ticketing model for estimating ticketing revenues, advice regarding the ideal delivery approach and methodology and provision of previous event benchmarking data from similar overseas events.
ICF International was responsible for the development of the economic model, and whilst the result provided a positive economic benefit for Hong Kong, due to poor public support for the Asian Games the Hong Kong Government decided to defer bidding for the event.