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Hong Kong August visitors plunge 40% year on year, hotels half-full: finance chief

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Hotels in some locations had seen occupancy rates drop to about half, while room rates plunged 40-70%.

HONG KONG - Hong Kong visitor arrivals plunged nearly 40% in August from a year earlier, deepening from July's 5% fall, the finance secretary said as sometimes violent anti-government protests take a rising toll on the city's tourism, retail and hotel businesses.

"The most worrying thing is that it does not seem that the road ahead is easily going to turn any better," Chan said in his blog on Sunday. Retail sales in July sank by the most since February 2016 amid the anti-government protests that have gripped the Chinese-ruled city for more than three months. On Monday, hundreds of uniformed school students formed human chains in districts across Hong Kong in support of anti-government protesters after another weekend of clashes in the Chinese-ruled city. Metro stations that had closed on Sunday amid confrontations reopened.

 

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Hong Kong visitors plunge 40 per cent in August, hotels half-full: Finance chiefHONG KONG — Hong Kong visitor arrivals plunged nearly 40 per cent in August from a year earlier, deepening from July's 5 per cent fall, the finance secretary said as sometimes violent anti-government protests take a rising toll on the city's tourism, retail and hotel businesses.
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