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Articles tagged “hong kong”

Asian Tourism Investment Looks Promising Through 2026, But Challenges Loom

Asian Tourism Investment Looks Promising Through 2026, But Challenges Loom

Dan Peltier, Skift

As the world's fastest-growing region for tourism it's a good sign that some Asian countries can expect to see healthy travel and tourism investment during the next 10 years. But a number of factors could alter these projections, particularly the Chinese market, as more global tourism trends are tested in this region.

2 months ago

Cathay Pacific Can’t Find Enough Premium Passengers in Hong Kong

Cathay Pacific Can’t Find Enough Premium Passengers in Hong Kong

Kyunghee Park, Bloomberg

A slump is a good time to make smart investments for the long term, not play musical chairs with executives.

4 months ago

Cathay Pacific Expected to Take Big Loss Over Fuel Hedging Strategy

Cathay Pacific Expected to Take Big Loss Over Fuel Hedging Strategy

Benny Kung and Kyunghee Park, Bloomberg

A few years ago, hedging fuel was a smart strategy. But with fuel pricing dropping, fuel hedging is becoming a liability.

4 months ago

A Drastic Dearth of Mainland Chinese Visitors Hurts Hong Kong’s Retail Businesses

A Drastic Dearth of Mainland Chinese Visitors Hurts Hong Kong’s Retail Businesses

Daniela Wei , Bloomberg

If mainland Chinese visitors aren't shopping in Hong Kong as much anymore, the big question is where are they shopping now? Here's hoping the construction of the Hong Kong–Zhuhai–Macau Bridge will help boost tourism in Hong Kong and neighboring Macau, which has also seen its visitor numbers decline.

6 months ago

Hong Kong Disneyland Cuts Jobs as Mainland Tourism Drops

Hong Kong Disneyland Cuts Jobs as Mainland Tourism Drops

Christopher Palmeri and Rachel Chang, Bloomberg

Hong Kong and mainland China need to hit reset on their tourism relationship.

8 months ago

Hong Kong Expects Slowing Economic Growth as Tourism Slumps

Hong Kong Expects Slowing Economic Growth as Tourism Slumps

Catherine Larkin, Bloomberg

The rise of competitive tourism destinations outside Hong Kong and various social uprisings inside the city are forcing the government to provide new economic incentives to maintain growth in 2016.

9 months ago

Hong Kong Disneyland Lost $19 Million in 2015

Hong Kong Disneyland Lost $19 Million in 2015

Daniela Wei, Bloomberg

Can Iron Man and Star Wars keep the Hong Kong park from disappointing like Euro Disney?

10 months ago

Asia’s Busiest International Airport Has to Wait 10 Years for a New Runway

Asia’s Busiest International Airport Has to Wait 10 Years for a New Runway

Kyunghee Park, Bloomberg

We'll see a shift in influence over the next two decades as hubs in cities like London, Hong Kong, and New York that aren't able to keep up with change are left behind by destinations that can.

1 year ago

The Trouble With Tourists From Berlin to Hong Kong

The Trouble With Tourists From Berlin to Hong Kong

Leonid Bershidsky, Bloomberg

Locals really, really don't want tourists to live like a local. They just want them to let locals live their lives without tacky shops and sky-high housing costs geared toward by people living on big vacation budgets.

1 year ago

Hong Kong Is too Dependent on Mainland China Shopping Tourism

Hong Kong Is too Dependent on Mainland China Shopping Tourism

Lisa Pham, Penny Peng and Sharon Chen, Bloomberg

Hong Kong retail is too dependent on mainland China for its own good. It's turned the central part of town into a mall where only people who don't care about money would choose to shop.

1 year ago

InterContinental Continues Asset Sell Off With $938 Million Hong Kong Deal

InterContinental Continues Asset Sell Off With $938 Million Hong Kong Deal

Alfred Liu, Bloomberg

It's easy to go asset light when nearly a billion dollars is dangled before your eyes.

1 year ago

Hong Kong’s Tourist Entries Finally Drop, Years After Financial Collapse

Hong Kong’s Tourist Entries Finally Drop, Years After Financial Collapse

Cathy Chan, Bloomberg

Retail revenues is the worst way to understand the contributions of visitors to a destination.

2 years ago