MarketsNotableReported
4.9
China hotel rates flat in golden week despite tourism boom, pressure on revenue management
South China Morning PostLO·CN·about 8 hours ago
Mainland Chinese visitor arrivals to Hong Kong reached 1.3 million in the first six days of the National Day holiday, surpassing the government's full-week forecast of 1.29 million and up 11.6% year-on-year. The data signals stronger-than-expected consumption in Hong Kong's retail and hospitality sectors, though the trend is consistent with a gradual recovery in cross-border travel.