Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Hong Kong tourism board allocates 70% of budget to overseas markets

byCT Report
04/03/2017
in International Customs
Share on FacebookShare on Twitter

HONG KONG: Hong Kong is putting more resources into expanding tourism from overseas, with 76 per cent of the city’s 2017 marketing budget allocated to attracting more international visitors, according to the city’s tourism promotion body. The Hong Kong Tourism Board has secured a total of HK$480 million from the government so far this year. “We were just given another HK$230 million from the government last week,” Anthony Lau Chun-hon, executive director of the tourism board, said at a symposium held by the French Chamber of Commerce and Industry on Thursday, adding that details of the funding allocation would be unveiled later. Tourist numbers from Thailand, the Philippines, and Indonesia reached an “all-time high” in 2016, Lau said, adding that 76 per cent of the tourism board’s marketing budget would therefore be used for attracting more international customers amid the expected lag in mainland Chinese visitors this year. “We believe a volatile global economy, China’s ‘once a week’ visa policy, a weaker currency and changing customer behaviour will continue to affect mainland visitor numbers,” he said. The city used to rely heavily on mainland visitors, who usually shop for luxury brands, jewellery and living necessities, which boosted the city’s economy. In recent years, however, rising tensions between locals and mainlanders, a weaker yuan, as well as new restrictions on visa policy for mainland people visiting Hong Kong, all combined to drag down the visitor numbers.

Weighed down mainly by declining mainland visitors, Lau forecast that overall visitor numbers would drop by 2.2 per cent for 2017, while overnight arrivals should grow by 1 per cent this year. In April 2015, Shenzhen authorities limited the number of visits its residents could make to Hong Kong from multiple entries a year to once a week, partly to curb parallel trading activities that were condemned by some Hong Kong activists, resulting in serious clashes between the two groups.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

Traditionally, mainland tourists need to get visas issued by their local public security bureau every time they visit Hong Kong, even though the former British colony is part of Chinese territory. However, having the advantage of being a neighbour to Hong Kong, Shenzhen residents had long enjoyed the privilege of having multiple entry visas that allowed them to visit Hong Kong as many times as they liked. The “once a week” rule will still affect mainland visitor numbers “at least for a good part” of this year, said Lau. In 2016 the number of Shenzhen visitors declined 29.4 per cent year on year to 8.88 million people, dragging down overall visitor numbers to Hong Kong by 4.5 per cent to 56.65 million people, according to the board’s latest figures. To improve the situation, the government plans to develop more tourism-related infrastructure in the city, such as rejuvenating the Sun Yat-sen Historical Trail in Central, Philip Yung, permanent secretary of Commerce and Economic Development, said at the same symposium. “Lots of new performance venues will also open in the West Kowloon Cultural District from 2018 to 2020,” he added. Despite the efforts, tension between mainlanders and locals still exist after a series of incidents over the last couple of years, said Mariana Kou, head of China education and Hong Kong consumer research at brokerage firm CLSA. “That is something we have to [work on] a lot more to change,” she said.

Tags: Hong Kong tourism board allocates 70% of budget to overseas markets

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Dubai's digital drive forecast to be worth extra $4.8bn by 2019

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.