Hong Kong protests will put off 350,000 mainland Chinese tourists this year, HSBC estimates.
The massive protests that have rattled Hong Kong in recent weeks will put hundreds of thousands of mainland Chinese tourists off visiting the city this year, according to HSBC.
The initial forecast would have equated to 56 million Chinese tourists. That means, according to the revised forecast, Hong Kong will welcome 350,000 fewer visitors from the mainland this year. The bank made its original forecasts in April, straight after Hong Kong recorded 17.5 per cent annual growth in mainland visitors during the first quarter.
Hong Kong is experiencing an unprecedented political crisis in the shape of a succession of huge rallies that started over a month ago and have at times sparked violence between demonstrators and police.
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