More Relief For Tourism Sector Battered By Covid

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-02-16 HKT 21:33

Share this story

facebook

  • The tourism industry has been hit hard since the pandemic began two years ago. File photo: Shutterstock

    The tourism industry has been hit hard since the pandemic began two years ago. File photo: Shutterstock

The government has earmarked HK$433.5 million in the latest round of relief for the hard-hit tourism industry.

The Commerce and Economic Development Bureau announced on Wednesday the seventh round of support for the trade under its government's Anti-Epidemic Fund.

Travel agencies will each receive a one-off subsidy of at least HK$50,000, depending on their size, while each staff member will get HK$7,500.

Freelance tour guides and escorts will get a one-off subsidy of HK$7,500, while coach drivers are entitled to $5,000.

There's also relief for hotels. Those with up to 100 rooms will receive HK$300,000 while bigger hotels are to be granted HK$400,000. The funding does not apply to quarantine hotels.

"I think it is critical for the trade to receive such financial support from the government to help the trade to survive in this period of time," the honorary adviser of the Travel Industry Council, Jason Wong, said.

"There should be no business – from local tours to inbound travel – in the forthcoming few months.

"It is very important for the SAR government to control and contain the pandemic first."

The government says it expects 1,670 agencies, 19,100 agency staff members and freelance tour guides and escorts, 3,400 drivers and 330 hotels to benefit from the latest round of relief.

______________________________



Last updated: 2022-02-16 HKT 22:32

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more