The Chief Executive, Mr Tung Chee Hwa, welcomes some 200 representatives from the travel trade from 22 countries at a reception held at Government House this evening.

The group is on a five-day rediscovery programme, Hong Kong Salutes the World, organised by the Hong Kong Tourist Association to promote Hong Kong as one of Asia's favourite travel destinations.

Addressing the guests, Mr Tung noted that Hong Kong is a unique travel destination for visitors.

"As Hong Kong entered a new era on July 1 this year, we are building a Hong Kong that will be even more prosperous and vibrant," he said.

Mr Tung said that the Government would ensure that the development of Hong Kong's tourism industry was supported by adequate infrastructure and facilities.

An example is the plan to set up a $100 million International Event Fund next year to promote Hong Kong as "the event capital of Asia". The Fund will be used to support the staging of 50 international events in Hong Kong in the next five years.

"Furthermore, the Government is studying the need for additional convention and exhibition space and will review the manpower and training needs of the tourism industry.

"Hong Kong is also working closely with the tourism promotion authorities in South China and other cities to enhance the territory's position as the gateway to the many attractions in the region," Mr Tung said.