Tourists arrivals in Hong Kong has dropped to almost 40% in August from a year earlier.
That’s the biggest year-on-year decrease in visitor numbers since May 2003, when arrivals sank almost 70% in the midst of the disease outbreak that ultimately claimed hundreds of lives in the city, according to data compiled by Bloomberg from the Hong Kong Tourism Board. Retail sales by value dropped 11.4% in July, the first full month affected by the protests, while sentiment among small businesses has hit record lows.
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