AFTER registering record growth of 15.8 per cent last year, with seven million people visiting the territory, Hongkong's tourism industry is expecting a more modest gain this year of between five and seven per cent.
Translated into tourists, that represents between 7.4 million and 7.5 million people, an impressive figure for any Asian destination.
Last year, the territory set another record by earning $48.39 billion, an increase of $8.7 billion over 1991, contributing seven per cent to gross domestic product.
The tourism sector is at present believed to be neck-and-neck with the electronics industry as the territory's second-biggest foreign exchange earner.
With more electronics factories moving across the border, the sector stands a good chance of moving into second spot in the near future.
The industry employs 180,000 people, encompassing airlines, hotels and Hongkong Tourist Association retail shops while the electronics industry employs 64,013 people.