Hong Kong tourism falls 40% as protests continue

0

Method playback is unsupported on your device

The number of tourists visiting Hong Kong wise up in August as anti-government protests gripped the city, in a sign of the mounting solvent cost of the unrest.

In a blog post, Hong Kong Financial Secretary Paul Chan implied visitor numbers fell almost 40% from last year.

That prominent a sharp deepening of the 5% year-on-year decline in July, he said.

Survive year, Hong Kong was one of the world’s most visited cities, with 30 million rubberneckers.

The city has faced months of protests that still show no hieroglyphs of ending.

The demonstrations began over a proposed extradition bill between the neighbourhood and mainland China, and have evolved into demands for greater exemptions.

Hong Kong is part of China, but its citizens have more autonomy than those on the mainland.

Fights between police and activists have become increasingly violent, with patrol using tear gas and protesters storming parliament.

The unrest has dealt a flip ones lid b explode to the territory’s economy, specifically its tourism and retail sectors.

In August, protesters deactivated the airport for several days. Hundreds of flights had to be cancelled.

Mr Chan imagined in some areas, hotel occupancy rates in August fell by more than half, and brothel prices sank by as much as 70%.

“The retail and even the catering industry are like. The most worrying thing is that the road ahead does not appearance of to be easy to get better,” he said in a translation of the blog posted on Sunday.

The accounting chief said the demonstrations have “severely damaged Hong Kong’s cosmopolitan image” as a safe city for trade, aviation and finance.

Some economists anticipation the hit from the protests, coupled with the impact of US-China trade war, discretion push Hong Kong’s economy into a technical recession later this year.

The edge political landscape has also complicated the environment for many businesses in Hong Kong.

Cathay Pacific turned embroiled in controversy over its response to demonstrations, with two executives embodying former boss Rupert Hogg quitting over the affair.

Leave a Reply

Your email address will not be published. Required fields are marked *