'Support Needed To Keep Travel Industry Afloat'

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

"); });
2020-10-02 HKT 12:55
Representatives of the tourism sector are urging the government to open up travel with the mainland as well as other countries to help the industry to stay afloat.
Tourism sector lawmaker Yiu Si-wing told RTHK's Millennium programme that the government should open up the border with the mainland in a limited manner, cancel the 14-day quarantine arrangement, and roll out the “travel bubble” scheme with one or two countries.
He warns that the tourism sector could see layoffs and many companies closing down if the administration doesn't take action.
He said the hotel industry has enjoyed a rebound during this Mid-Autumn holiday,, with theme park hotels are fully booked up, and high-end hotels are enjoying up to 90 percent room occupancy.. But Yiu said he was concerned this wouldn’t last.
A representative of the overseas tourism sector echoed Yiu's proposals.
The Outbound Tour Operators' Association's chairman, Johnny So, told the same radio programme that it is not realistic to reopen the border only when there are no new Covid infections, saying the sector is already in deep trouble.
So said the government should first resume travel with the mainland and Macau, so other regions will be confident to do the same with Hong Kong.
Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses
Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more
Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.
Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more
Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia
Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more
Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules
Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more
Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring
The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more
Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers
Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more