Hong Kong suffers massive dip in tourism
Tour companies and hotels are reporting a big downturn in business from mainland China as the ongoing unrest takes a toll on the tourism industry.
The Federation of Hong Kong and Kowloon Labour Unions reports an average 74% drop in mainland China tour group business.
As many as 42% saw a drop of more than 90% according to a survey of nearly 1,000 tour guides.
About 100 said they conducted no tours at all throughout June and July.
Overall, there was a 31% drop in tourist arrivals in early August, said Hong Kong’s commerce secretary Edward Yau Tang-wah as well as significant declines in hotel occupancy throughout July.
The protests, now in their tenth week, have got progressively more tense with hotel chains seeing both their share price and occupancy rates fall by double digits.
Hong Kong lawmaker Yiu Si-wing says major chains are advertising rates at 40-50% less than normal.
"The recent travel advisories and warnings issued by several countries have caused some cancellations from our overseas leisure, group and corporate guests," said a Shangri-La Group spokesman.
"We have also seen a decline in the number of local patrons coming to our restaurants and outlets."
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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