Hong Kong tour groups traveling to Europe for the holidays face higher fares despite expectations of lower demand after the terrorist attacks in Paris, the Hong Kong Economic Journal reported on Friday.
The average price for an eight-day European trip per person has risen 17 percent to HK$11,299, compared with HK$9,633 a year ago, while that for a five-day trip to Japan and South Korea has increased 4 percent and 12 percent respectively, data from the Travel Industry Council of Hong Kong showed.
Travel companies expect reservations for European tours will trend down in the coming two weeks following the killings in Paris.
Meanwhile, trips to Japan and South Korea are expected to 30 percent and 35 percent respectively.
Although the average group tour fare during the festive period from Dec. 19 to Dec. 26 remains unchanged at HK$7,395 from last year’s level, luxury tours have seen their average fare rise by 6 percent to HK$17,818.
Fares for tour groups to Bangkok, Singapore, Beijing and the United States fell about 6 to 27 percent.
The recent strengthening of the US dollar has led to a stronger appetite for travel to Europe and Asian countries with weaker currencies, said Jason Wong Chun-tat, managing director of Hong Thai Travel Services Ltd.
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