Development Fund for the Travel Industry

The Development Fund for the Travel Industry in Hong Kong is established and financed by the Airport Authority Hong Kong, with the Travel Industry Council of Hong Kong (TIC) acting as the secretariat. The fund aims to enhance the overall competitiveness of the local travel industry by subsidizing activities beneficial to travel agents.

Key features and objectives:

• The fund has two main components: Training Activities and Promotional Activities.
• It supports initiatives that improve skills and knowledge of travel industry professionals and promote the industry effectively.
• The fund is designed to boost the development and sustainability of the travel sector in Hong Kong.

Target beneficiaries:

• Local travel agents and related industry players who can benefit from training and promotional subsidies.

Application process:

• Applications for subsidies are reviewed and approved by an independent Vetting Committee.
• The TIC has established a Working Group on the Development Fund to manage related matters and oversee the application process.

In summary, the Development Fund provides financial support to travel agents in Hong Kong for training and promotional activities, aiming to strengthen the industry's competitiveness and growth through skill enhancement and effective marketing efforts. The fund is managed with a structured application and vetting process to ensure appropriate use of resources.