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Stock impact report

Art Basel Hong Kong's Full-Scale Return Tests City's Events Appeal [BNN Bloomberg (Canada)]

CHRISTIAN DIOR SE UNS/ADR (CHDRY) 
Company Research Source: BNN Bloomberg
The fair, which opens to the public on Thursday, will have 242 international galleries exhibiting. Among them, 69 galleries are returning after a hiatus, while 23 are showing for the first time. This compares with about 177 galleries last year, and hybrid formats during Covid. Art Basel Hong Kong will serve as a test of the city's ability to stage major events, in the wake of several big-name controversies and cancellations. Authorities are trying to boost Hong Kong's image after years of strict pandemic restrictions hit the economy and cast doubt on the city's status as a financial hub. In February, a football match where Lionel Messi failed to play erupted into a political saga, and a Christian Dior fashion show was postponed indefinitely. Artists like Taylor Swift and Coldplay have staged concerts in Asian cities other than Hong Kong, drawing concertgoers from around the world. Meanwhile, Hong Kong's tourism numbers remain below pre-pandemic levels, while locals are flocking t Show less Read more
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