Hong Kong’s best-known travel agency folds after 50 years as industry leader expects woes to continue for rest of 2022
- Morning Star Travel Services’ board of directors passes resolution to liquidate tour operator
- Industry leader says travel sector ‘still a long way’ from recovery as tourism continues to suffer during Covid-19 pandemic
One of Hong Kong’s best-known tour operators will wind up the business after 50 years amid a worsening local Omicron outbreak, with an industry leader expecting the travel sector’s woes to continue for the rest of 2022 at least.
Morning Star Travel Services said on its website on Thursday that the board of directors had passed a resolution to voluntarily liquidate the firm under the Companies (Winding Up and Miscellaneous Provisions) Ordinance.
It said the first meeting of creditors would be held on February 16.
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Apart from the statement on its homepage, the agency’s website was no longer accessible on Thursday.
Established in 1972, Morning Star was one of the leading travel agencies in Hong Kong, with more than 10 outlets across the city and Macau.
In addition to tour groups, ticket and hotel packages, and chartered tours, it had also developed cruise products and corporate services in recent years.
Fanny Yeung, executive director of the Travel Industry Council, said that she believed the decision by Morning Star’s directors had been a difficult one, with more resources being lost the longer the company continued to operate.