Results of property management, security, cleaning, advertising and conference & exhibition organising services survey 2018

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Information from the Statistics and Census Service (DSEC) indicated that number of establishments engaging in Property Management (239), Security (59) and Cleaning Services (238) increased by 8, 5 and 25 respectively year-on-year in 2018. Total number of persons engaged rose by 5.6% to 26,765. Receipts and expenditure of these three industries together amounted to MOP 5.63 billion and MOP 4.88 billion respectively, up by 14.7% and 10.6%.

Analysed by industry, receipts of establishments providing services on Security (MOP 2.33 billion), Property Management (MOP 2.00 billion) and Cleaning (MOP 1.30 billion) grew by 17.9%, 13.2% and 11.5% respectively year-on-year. Meanwhile, the respective expenditure of these industries stood at MOP 2.07 billion, MOP 1.69 billion and MOP 1.12 billion, representing increases of 15.0%, 8.5% and 6.1%. As these three industries are characterised by high labour intensity, Compensation of Employees accounted for 90.1%, 48.9% and 82.5% of their respective expenditure.

With regard to Gross Value Added that measures the sectoral contribution to the economy, establishments engaging in Security (MOP 2.13 billion), Property Management (MOP 1.14 billion) and Cleaning Services (MOP 1.10 billion) recorded year-on-year growth of 15.5%, 12.7% and 15.2% respectively. As receipts of these industries increased at a faster pace than expenditure, their Gross Surplus surged by 46.7%, 48.1% and 63.2% respectively. Moreover, Gross Fixed Capital Formation of Security and Cleaning Services leapt by 239.7% and 142.7% respectively attributable to the acquisition of assets such as offices and shops by some establishments.

Number of establishments providing Advertising (724) and Conference & Exhibition Organising Services (112) increased by 46 and 14 respectively year-on-year in 2018; number of persons engaged totalled 2,580, up by 12.3%. Receipts and expenditure of these two industries amounted to MOP 1.29 billion and MOP 1.20 billion, a growth of 4.3% and 2.8% respectively.

Analysed by industry, receipts of Advertising Services rose by 4.1% year-on-year to MOP 904 million, and those of Conference & Exhibition Organising Services went up by 4.9% to MOP 385 million. In terms of expenditure, establishments providing Advertising (MOP 841 million) and Conference & Exhibition Organising Services (MOP 356 million) registered increases of 3.5% and 1.2% respectively.

Gross Value Added of these two industries stood at MOP 336 million and MOP 105 million, up by 11.9% and 13.5% respectively year-on-year. Gross Surplus of Advertising Services (MOP 63.39 million) expanded by 16.5%, while that of Conference & Exhibition Organising Services (MOP 29.24 million) recorded an upsurge of 95.8% as the growth in receipts far exceeded that in expenditure. On the other hand, Gross Fixed Capital Formation of Advertising Services declined by 47.8% to MOP 14.26 million on account of a decrease in acquisition of machinery and equipment in 2018.