[New Crown Pneumonia] Nearly 40% of exhibitors hope to cancel book fair groups asking for half rent

Social News

Written by: Yuan Yan

2020-03-30 16:05

The outbreak of New Crown Pneumonia (commonly known as Wuhan Pneumonia) has continued. The number of confirmed cases in Hong Kong has soared within a few weeks, and many public events have been cancelled or postponed. The Hong Kong publishing industry is very concerned about whether this year's book fair can be held as scheduled. The survey shows that 38% of small and medium-sized enterprises hope to cancel the book fair, and more than 80% hope that the TDC will reduce half of the rent.

The small and medium-sized enterprises of the publishing industry formed the 2020 Hong Kong Book Fair Concern Group, and successfully recovered 240 small and medium-sized enterprises, which accounted for about one-eighth of the participating booths. The results show that 95% of exhibitor owners believe that business volume will decline this year, and business volume will decrease by more than 50%. 38% of exhibitors hope to cancel the book fair, 33% hope the book fair is delayed, and if the book fair is held as scheduled, 70% will participate as scheduled; 83% hope that the TDC can reduce its rent by half.

▼ Epidemic prevention banned more than four people to close multiple facilities ▼

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Concern Group pointed out that because exhibitors need two to three months to prepare for the book fair, the TDC is required to determine whether the book fair can be held as scheduled before May 15th, and then exhibitors who have already signed up should be allowed to withdraw and recover their participation fees. The Concern Group stated that if the book fair is held as scheduled, the TDC should reduce rents by 50%. And if exhibitors choose not to participate in this year's book fair, the concern group hopes that TDC will retain the conditions and qualifications of 2019 exhibitors when they participate in 2021, and retain various discounts; The bureau needs to return the rent in proportion.

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Zhou Qiliang, vice president of the Trade Development Council, said on a radio program that he and the industry had a close meeting on the book fair in mid-July, and he hoped that it would be held as scheduled. He pointed out that many bookstores were under pressure and there were many new books during the book fair. Introduced, "there is consensus in the industry to get it." He said that if affected by the epidemic, there will be contingency plans, including actively looking for another period of summer vacation.

New Crown Pneumonia Wan Chai Book Fair