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  1. Developers pour cash into retail upgrades

    Posted Aug 11th 2003, 12:00am by Sandy Li

    ... Hong Kong developers are earmarking hundreds of millions of dollars for aggressive promotional campaigns and shopping mall upgrades in a race to lure mainland tourists. Companies such as Wharf Holdings, Hysan Development and Cheung Kong (Holdings) all want to cash in on the estimated 10 million mainland tourists forecast to travel to Hong Kong each year following the central ...

  2. HK$2.4m rent sees Episode fleeing Central

    Posted Feb 11th 2011, 12:00am by Peggy Sito, Peter So

    ... mainland tourist spending. Total retail sales rose 18.3 per cent in value, or 15.5 per cent in volume, in 2010. The Episode shop will be taken over by German luxury goods company MCM, which ... Wealthy mainland tourists were now chasing big international brands, Mak said. That lured luxury brands to pay high rents in a bid to expand or open new stores in shopping meccas such as Central ...

  3. HOS plan will not hurt hotels, says company

    Posted Dec 03rd 2003, 12:00am by Sandy Li

    ... Sandy Li China Real-Estate Development Corp claims its plan to turn 20,000 vacant Home Ownership Scheme flats into apartments catering to mainland tourists could bring in an extra $30 ... in fact would lure more tourists to Hong Kong. 'We hope to attract three million mainland tourists, whose average spending is $10,000 per visit, to Hong Kong a year if the plan materialises. ...

  4. Tourism stocks welcome relaxation of travel rules

    Posted Jul 29th 2003, 12:00am by Sandy Li

    ... retailers will benefit the most.' Among yesterday's gainers was cosmetic chain Sa Sa International, which rose 17.17 per cent to $1.16 on hopes for higher sales to mainland tourists. Sa Sa derived about 20 per cent of its Hong Kong retail sales from mainland tourists during the pre-Sars period. It posted a net profit of $65.4 million for the year to March, against a loss of $71.2 ...

  5. Coupon kick-start for the economy

    Posted Apr 26th 2009, 12:00am by Celine Sun

    ... to bring more mainland visitors to Hong Kong. 'The number of mainland tourists rose by 14 to 15 per cent in the first quarter this year,' he said. 'We expect similar growth [during ... Celine Sun Hong Kong tourism promoters plan to hand out 2,000 sets of shopping coupons across the border to attract tourists and stimulate spending in the city. The first batch of 500 ...

  6. Singapore airlines expand their mainland network

    Posted Aug 12th 2003, 12:00am by Annette Chiu

    ... month. At the moment, SilkAir uses its rights to two growing mainland tourist destinations - Kunming and Chengdu. ... services to seven mainland destinations in the next 18 months. SilkAir will launch services to leisure destination Fuzhou in December. At the same time, SIA will provide three weekly services ...

  7. Shui On, Viacom in theme park deal

    Posted May 28th 2005, 12:00am by Staff Reporter

    ... Ernest Kong and Bloomberg Shui On Group is joining with United States media giant Viacom's Paramount Parks in a US$1.5 billion project in the popular mainland tourist spot Hangzhou. ... of this year. A US-based spokesman of Viacom, the third-largest US media company, said he could not confirm any details on the Hangzhou project, which may lure some local tourist dollars from Hong ...

  8. Cheung Kong courts 'new buying power'

    Posted Aug 27th 2003, 12:00am by Peggy Sito

    ... 'Individual tourists from the mainland will neither directly boost the economy nor the property market, but it will have a psychological impact on the society, which is clouded by pessimistic sentiment. 'Several thousands of mainland tourists will not stimulate the economy, but they will boost sentiment and may attract one million Hong Kong people to spend. That can boost ...

  9. Swire Resources pins growth hopes on smaller mainland cities

    Posted Feb 08th 2010, 12:00am by Celine Sun

    ... from casual apparel, functional footwear to professional equipment at Festival Walk in Kowloon Tong. Tam said mainland tourists contributed 20 per cent of total sales at GigaSports shops last ... Celine Sun Sportswear retailer Swire Resources expects its mainland business to contribute a growing share of revenue as it opens more outlets in second and third-tier cities across ...

  10. Bank profits to rise in line with rates

    Posted Feb 02nd 2004, 12:00am by Christine Chan

    ... and as the first- and currently only- merchant acquiring bank for mainland tourists using mainland-issued yuan credit cards in Hong Kong. Both provide hefty commission fees for BOCHK. Lehman expects ... the continued flow of mainland capital into Hong Kong was expected to bring inflation back after five years of deflation, a development that should benefit local banks. Lehman expects a relatively ...




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