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

  • 📰 YahooSG
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 71%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong tourist arrivals plunge 40% in August amid unrest[SHANGHAI] Hong Kong's protests are taking their toll on the tourism industry. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong tourism arrivals plunge 40 per cent, most since Sars crisisHONG KONG (BLOOMBERG) - The ongoing protests in Hong Kong, now in their 15th week, have delivered a blow to the city's tourism industry not seen since the 2003 Sars epidemic.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

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.
Source: TODAYonline - 🏆 1. / 99 Read more »

Riot police deployment thwarts Hong Kong airport protestHONG KONG: Riot police fanned out across Hong Kong on Saturday (Sep 7) and thwarted plans by protesters to target the airport, days after the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

In Taiwan, a generational rift opens over Hong Kong protestsTAIPEI - Church official Alex Ko knows more than most what tear gas feels like and what it can do to a person.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Hong Kong police fire tear gas as protests resume despite withdrawal of bill[HONG KONG] Hong Kong police fired rubber bullets, tear gas and pepper spray on Friday to clear protesters outside a subway station on the densely populated Kowloon peninsula, the latest clash in 14 weeks of sometimes violent anti-government demonstrations. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »