New KPIs for Hong Kong's Kai Tak Cruise Terminal Operations Contract Expected

Economy

1 year ago

News sources:

Credited from: SCMP

The **winning bidder for the Kai Tak Cruise Terminal** might need to meet **key performance indicators (KPIs)** based on docking days, as stated by the tourism minister.
The **current tenancy agreement** with Worldwide Cruise Terminals will expire in **May 2028**, prompting a tendering process to begin this year.
The minister noted that it may be impractical to mandate a specific number of cruises but suggested setting **annual docking day targets** instead.
Authorities aim to develop Hong Kong’s cruise sector, with plans to **boost the economy** by **HK$120 billion** ($15.5 billion) through various initiatives.
Despite a **high docking rate** at about **73% of 2019 levels**, many terminal shops are vacant post-pandemic, prompting ideas for alternative uses of space.

For more details, visit the original article: SCMP.