Who Benefits if Chinese Tourists Avoid Hong Kong?
With more than 65.1 million visitors coming into Hong Kong in 2018, initial expectations for 66 million visitors for 2019 was not considered far fetch. However, the forecast was predicated on 52 million visitors from mainland China coming into the Hong Kong Special Administrative Region (SAR), a 4% increase from the 50 million that came in the previous year.
For the beginning of 2019, the outlook appeared conservative. China's slowing domestic economy, weakening RMB, and trade war with the US was showing little evidence of deterring visits to Hong Kong at the time.
Image Source: Getty Images
Source Fool.com
