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More Hong Kong companies say business impacted by mass protests

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HONG KONG: Conglomerate Swire Pacific became the latest major Hong Kong company to voice concern about the impact of protests in the city on ...

HONG KONG: Conglomerate Swire Pacific became the latest major Hong Kong company to voice concern about the impact of protests in the city on business activity, saying they are having direct and indirect impact on demand on a number of its businesses.

"Trading conditions for our hotels are expected to be stable in the second half of 2019, except that occupancy in Hong Kong has been affected somewhat by the protests and this is likely to continue if the situation persists.

Travel Industry Council chairman Jason Wong told Reuters the number of tours from mainland China has fallen 40 per cent to about 140 tours per day in the first week of August, from about 230 tours a day in the same period last year.

 

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