Horse racing fans from around the world descended on Happy Valley on Wednesday for the traditional start of the Longines Hong Kong International Races week, with officials predicting an HK$35 million (US$4.5 million) boost to the economy. More than 20,000 spectators packed into the Causeway Bay venue, with betting turnover for the evening exceeding HK$1.34 billion. The week-long series has attracted 1,400 overseas visitors from Australia, the United Kingdom, the United States and various Asian countries on racing tours – an increase of 130 per cent over last year.
The Longines Hong Kong International Races (HKIR) week began traditionally at Happy Valley Racecourse on Wednesday, marking the start of the five-day festival. The Hong Kong Jockey Club reported more than 20,000 spectators filling the Causeway Bay venue, with evening betting turnover surpassing HK$1.34 billion.
The week-long series has drawn 1,400 overseas visitors on racing tours from Australia, the United Kingdom, the United States, and various Asian countries—a 130 percent increase from last year. Excluding tour fees, airfares, and hotels, the club estimates these visitors will generate around HK$35 million in spending on shopping and dining in the city.
“They’re definitely here for the punt and hopefully to win some cash back,” said Eliza O’Sullivan, head of World Racing Tours. Her clients include retirees, business travellers, horse owners, and trainers, highlighting the event's diverse international appeal.
The Hong Kong Jockey Club notes that such events not only boost the local economy but also solidify Hong Kong's position as a global horse racing hub. The races will continue at Sha Tin Racecourse, promising further stimulation for tourism.
