Hong Kong (TAN): The ongoing protests in Hong Kong are adversely affecting the region’s tourism industry.
According to a report in Bloomberg, tourist arrivals in the city declined almost by 40% in August as compared to the same period last year, Financial Secretary Paul Chan wrote in a blog post Sunday. Hotel occupancy rates have plunged and room rates have decreased 40-70%, he added.
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Hong Kong has been on the boil in recent months.
The protests began in June over the government’s plans – now withdrawn – that would have allowed extradition from Hong Kong to mainland China. The protests have spread to reflect wider demands for democratic reform in Hong Kong, a Special Administrative Region of China.