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Pacific World closing down in Hong Kong
Travel firm Pacific World has announced the impending closure of its Hong Kong business, due to the travel downturn caused by the global pandemic.
It informed partners this week by memo it will close its Hong Kong office from 14 September 2020 ahead of ceasing all operations in November 2020.
Established 40 years ago in Hong Kong, it specialises mostly in conference and event management.
"Today’s reduced travel budgets and cancelled meetings and events are tomorrow’s pent-up demand and people will continue to meet for business events again. We believe the industry will recover over the next 12 to 18 months," it wrote in the memo.
Pacific World has a regional office in Singapore and locations across Asia, Europe and the Americas.
It is unclear if the Hong Kong closure will impact the rest of the business.
Written by Ray Montgomery, Asia Pacific editor
TravelMole Editorial Team
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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