Articles tagged “hong kong protests”

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Cathay Pacific CEO Quits Over Hong Kong Protests

Cathay Pacific CEO Quits Over Hong Kong Protests

Kyunghee Park, Bloomberg

Looks like Rupert Hogg is paying the price for Cathay's response to the unrest in Hong Kong. Will changing the CEO help or might things get worse?

1 month ago

China’s Pressure on Cathay Portends Less Autonomy for Hong Kong Companies

China’s Pressure on Cathay Portends Less Autonomy for Hong Kong Companies

Angus Whitley and Kyunghee Park, Bloomberg

Is China’s clampdown on Cathay during protests a one-off, or is it going to be the new normal for Hong Kong companies? The latter will be disastrous for Hong Kong’s reputation as an open market.

1 month ago

Hong Kong Tourism Tycoons Come Off Sidelines to Call for Calm

Hong Kong Tourism Tycoons Come Off Sidelines to Call for Calm

Shirley Zhao, Bloomberg News

Hong Kong's richest, including Li Ka Shing and Henry Cheng whose empire includes hotels and tourism-related developments, couldn't stay silent much longer as protests erode their fortunes.

1 month ago

Hong Kong Hotels Revenue Tumbles as Chinese Tourists Stay Away

Hong Kong Hotels Revenue Tumbles as Chinese Tourists Stay Away

Bloomberg News

It's unsurprising that Hong Kong hotels' revenue is taking a hit from the protests as Chinese tourists — Hong Kong's largest source — stay away and room rates tumble drastically.

1 month ago

Cathay Pacific Falls in Line With China as Hong Kong Airport Protests Turn Violent

Cathay Pacific Falls in Line With China as Hong Kong Airport Protests Turn Violent

Brian Sumers, Skift

Cathay Pacific has followed Chinese regulator demands through the saga. Why? It's a business decision.

1 month ago

Hong Kong Airport Chaos Mars City’s Reputation as Global Business Center

Hong Kong Airport Chaos Mars City’s Reputation as Global Business Center

Kelvin Chan, Associated Press

This will hurt the airport's key tenant, Cathay Pacific. The biggest question is: for how long?

1 month ago

Chinese State-Run Firm Asks Staff to Boycott Cathay

Chinese State-Run Firm Asks Staff to Boycott Cathay

Bloomberg News

The question is whether a directive by China Huarong International Holdings that staff mustn't fly Cathay or Dragonair is coming from Beijing, and whether other state-run companies will follow suit.

1 month ago

Protests Force Cancellation of Flights at Hong Kong’s Airport

Protests Force Cancellation of Flights at Hong Kong’s Airport

Sheryl Tian Tong Lee and Venus Feng, Bloomberg

The protests in Hong Kong are becoming increasingly violent, and the closure of Hong Kong International Airport is the most significant economic disruption the city has seen yet.

1 month ago

Hong Kong Protesters to Stage a Second Airport Sit-In

Hong Kong Protesters to Stage a Second Airport Sit-In

Kyunghee Park and Karen Leigh, Bloomberg

The determination of the Hong Kong protesters shows no signs of relenting. Their tactic of disrupting the city's transport and infrastructure, while powerful, will come at a cost to the travel industry.

1 month ago

Cathay Turns In a Profit but Wary of Second Half

Cathay Turns In a Profit but Wary of Second Half

Kyunghee Park, Bloomberg

Poor Cathay. Its three-year transformation program produces a profit in the first half but the U.S.-China trade war and Hong Kong protests are almost certain to roil revenues in the second half.

1 month ago

Australia Advises a ‘High Degree of Caution’ for Travelers to Hong Kong

Australia Advises a ‘High Degree of Caution’ for Travelers to Hong Kong

Chris Bourke, Bloomberg

Hong Kong's protests show no signs of abating. Increasing travel warnings like Australia's will further the effect on the destination's tourism.

1 month ago

Macau’s Gaming Revenue Falls in July Amid Hong Kong Protests

Macau’s Gaming Revenue Falls in July Amid Hong Kong Protests

Jinshan Hong, Bloomberg

An unexpected decline in Macau’s gaming revenues raises the question of whether Macau casinos can continue to hold up. Though arrivals had been strong, which helped boost mass-market betting, the Hong Kong protests seem to be a bummer going forward.

2 months ago