Hong Kong tourism numbers are falling and hotel occupancy rates are slumping after the Chinese-ruled city was rocked by sometimes violent ...
HONG KONG: Hong Kong tourism numbers are falling and hotel occupancy rates are slumping after the Chinese-ruled city was rocked by sometimes violent political protests over the last month, adding pressure on its already struggling economy.
Commerce and economic development secretary Edward Yau said on Wednesday he saw"negative signals" from the economy beyond known declines in trade, retail and cargo freight posted in the first five to six months. The Hong Kong Federation of Trade Unions said on Wednesday the number of tour groups from mainland China has declined to 5,641 in June from a monthly average of 7,800 in the beginning of the year.
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