WNA Globe

World News by Wild Rose

#consumer spending ร—

Hong Kongโ€™s tourism rebound needs new measures of success

When it comes to tourism, Hong Kong is recovering footfall faster than spending and officials need to realise that the two are not the same. The cityโ€™s economy grew by 5.9 per cent year on year in the first three months, its strongest quarterly performance in almost five years, according to the Census and Statistics Departmentโ€™s advance estimate. Financial Secretary Paul Chan Mo-po pointed to a 17 per cent rise in first-quarter visitor numbers and 5.2 per cent increase in retail and catering...