A travel industry group expects mainland visitor traffic to Hong Kong during the upcoming Labor Day holiday to be down 10 percent compared to the same period last year.
About 350,000 visitors from the mainland are expected in the city during the three-day holiday from May 1, compared with 388,000 in the corresponding period in 2014, according to the Travel Industry Council of Hong Kong.
A stronger Hong Kong dollar and increased competition from other Asian nations such as Japan and South Korea will lead to the expected decline in mainland arrivals here, Ming Pao Daily cited the council’s chairman Michael Wu as saying.
The recent change in the visa policy for Shenzhen residents, who are now restricted to just one trip to to Hong Kong per week, won’t be the root cause of the drop in visitor numbers, the industry official says.
Wu expects hotel reservation rate to be down 30 percent during the holiday compared to last year, while hotel room tariffs are projected to fall 15 percent.
Sam Lau, chairman of Hong Kong Tourist Guest Houses Federation, expects guest house booking rate to be 70 percent.
Lau said his guest house in Tsim Sha Tsui will cut rates by 20 percent to boost occupancy during the holiday. In previous years, rooms at that facility had been sold for as much as HK$600 per night, he said.
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