HKJC Hails Record Year from Crowds, Turnover

The Hong Kong Jockey Club (HKJC) concluded its 2023-24 racing season with remarkable success, despite a slight dip in overall turnover, underscoring its pivotal role as a premier sports tourism destination and a significant economic contributor to the city. Chief Executive Winfried Engelbrecht-Bresges hailed the year as "outstanding," driven by record-breaking attendance figures that reflect a powerful resurgence of spectator engagement post-pandemic.

For travel industry professionals, the HKJC’s performance highlights Hong Kong’s enduring appeal as a vibrant hub for world-class events. The season saw a staggering total attendance of 1.76 million across its 88 meetings, marking a substantial 26.5 per cent increase from the previous season. Both Happy Valley and Sha Tin racecourses experienced unprecedented crowds, with Happy Valley attracting a record 669,000 patrons for its 42 meetings, and Sha Tin drawing 1.09 million over 46 meetings. These figures demonstrate the magnetic draw of live horse racing, offering a unique cultural and entertainment experience that appeals to both local enthusiasts and international visitors seeking authentic Hong Kong experiences.

While overall turnover saw a minor dip to HK$140.4 billion, the success of major international race days underscored the Club’s global prestige. The iconic Hong Kong International Races (HKIR) witnessed a robust 2.4 per cent year-on-year increase in turnover, reaching HK$1.73 billion, solidifying its status as a must-attend event on the global racing calendar. Such events not only showcase Hong Kong’s organisational capabilities but also drive significant inbound tourism, filling hotels, restaurants, and local attractions.

The HKJC’s commitment to combating illegal betting and enhancing racing quality remains paramount to its sustained success and integrity. By maintaining a world-class standard for its races and facilities, the Club ensures its continued competitiveness against global rivals, further cementing Hong Kong’s reputation as a leading destination for elite sports and entertainment. As a travel professional, these achievements signify more than just racing success; they represent a significant component of Hong Kong’s tourism product, attracting high-value visitors and injecting vitality into the local economy.

Key Points

• Season: 2023-24
• HKJC Chief Executive: Winfried Engelbrecht-Bresges
• Overall Turnover (2023-24): HK$140.4 billion
• Turnover Change (2023-24 vs 2022-23): Down 1.2% from HK$142.1 billion
• Total Season Attendance: 1.76 million
• Attendance Growth (2023-24 vs 2022-23): Up 26.5% from 1.39 million
• Happy Valley Attendance: Record 669,000 across 42 meetings
• Sha Tin Attendance: 1.09 million across 46 meetings
• Total Race Meetings: 88
• Hong Kong International Races (HKIR) Turnover: HK$1.73 billion
• HKIR Turnover Change (Year-on-Year): Up 2.4%
• Key International Events: Hong Kong International Races, Queen Elizabeth II Cup, Champions & Chater Cup
• Charitable Donations (2022-23): HK$5.3 billion
• Tax Contributions (2022-23): HK$35.9 billion
• Horse Population (2023-24): 1,262 (up from 1,220 last year)
• Primary Challenge: Illegal betting

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