protests hammer Hong Kong economy



Posted by Ed 38 days ago
Extradition protests hammer Hong Kong economy as experts report drops in air travel, retail sales and hotel revenue
  • Economic damage ‘obvious’, lawmaker says, with recent slumps reported across crucial sectors
  • Airline bookings to Hong Kong slumped by 9 per cent in last two weeks of June, industry group says

Flight bookings from Asian countries to Hong Kong have dropped 5.4 per cent in the past month, as waves of extradition protests rocked the city and gave potential visitors reason for concern.

The decrease in air travel, was another sign of the negative economic effects brought by the
ongoing mass protests
– including drops in mainland Chinese tourists, hotel occupancy and retail sales.
The New Zealand government on Wednesday urged its citizens to monitor Hong Kong media for news on protests and to comply with city authorities. New Zealand advised nationals in the city to avoid rallies and demonstrations, noting “violent clashes”
had taken place

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