City’s 123 hotels share just over 5 million guests, mostly from mainland China; occupancy rates drop below 40%.
mainland China tourists
Arrivals now back up to half pre-Covid-19 levels, with bulk coming from mainland China plus thousands from Hong Kong.
Latest figures show visitor numbers dropped 19.6% last month, 30.3% in annual terms, as city feels the pinch from Covid-19 and economic downturn.
Economy expected to accelerate to 23% in 2023, growth not expected to surpass pre-pandemic levels until 2025.
