HK Won't See Immediate Surge In Tourists: Kevin Yeung
"); jQuery("#212 h3").html("

"); });
2023-02-04 HKT 13:07
The Secretary for Culture, Kevin Yeung, on Saturday said it will take some time before Hong Kong sees a surge in tourist numbers, and cautioned that their consumption patterns might have changed since the pandemic.
He was speaking a day after authorities announced the full reopening of the border with the mainland from Monday, with no more limits to numbers of cross-border travellers. The government also scrapped vaccination requirements for all inbound travellers, although overseas arrivals are still required to take rapid antigen tests before departure.
On a radio programme, Yeung said it was hard to estimate the number of tourists likely to come to Hong Kong this year, adding that there were likely to be new tourism trends after three years of the pandemic.
"People have to plan before they go travelling, so even though we expect more travellers to come after the full reopening of the border, it will take some time," he said.
"When some other countries relaxed Covid restrictions for tourists, it took them a year for the tourist numbers to reach 70 percent of the pre-pandemic level."
Yeung also cautioned that the consumption patterns of tourists might be different to those of earlier years, and that this could have a negative effect on different sectors.
"I believe tourists will still be willing to consume goods because Hong Kong is still a shopping paradise. But those who mainly come to shop will be fewer than before. Therefore, we are not only promoting shopping for tourists, but a variety of experiences instead," he said.
Speaking on another programme, the executive director of the Tourism Board, Dane Cheng, said the sector was struggling to cope with demand from rising tourists numbers after contracting during the pandemic.
He said the sector should focus on providing quality services to tourists, instead of boosting the number of inbound travellers only.
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more