hong kong tourism board
Hong Kong September Retail Sales Fall 6.9%
November 1, 2024
HONG KONG (Reuters) - Hong Kong's September retail sales fell 6.9% from a year earlier, reflecting the continued impact of a change in consumption patterns, government data showed on Friday. Sales fell to HK$29.6 billion ($3.81 billion) in a seventh consecutive month of decline after a revised 10.0% decline in August, a 11.7% fall in July, a 9.7% fall in June, a 11.5% drop in May, a 14.7% drop in April and a 7% decline in March. "The near-term performance of the retail sector would continue to be affected by the change in consumption patterns of residents and visitors," a government spokesman said, adding China's stimulus measures, amon...
The HVS Quarterly Hong Kong Update
Christy Tung | November 30, 2017
By Christy Tung and Daniel J Voellm The third quarter of 2017 recorded the highest number of mainland Chinese arrivals since the same period in 2015, which bodes well for Hong Kong tourism. Safety concerns towards other destinations in the region and fewer headline-making news about Hong Kong are the key contributors to the increase in visitor arrivals from mainland China. Thus, the tourism and the retail sectors in Hong Kong enjoyed a steady recovery after a slump in mainland arrivals in 2016. Hong Kong Visitor Arrivals The robust 2.2% growth to 42.6 million visitor arrivals in Hong Kong during the first nine months of 2017 is a strong...
