An economist estimated that Hong Kong’s retail sector lost sales of about HK$1 billion – or about 25 per cent – over the past three days. Photo: Felix Wong

Hong Kong protests: economy lost an estimated HK$2.8 billion over ‘golden week’, experts say

  • Sectors such as retail, dining and hotels may have lost as much as HK$1.9 billion over three-day holiday weekend compared to last year
  • Expert also estimates MTR Corp lost around HK$500 million over the weekend, citing vandalism and loss of ticket revenue
Topic |   Hong Kong protests

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An economist estimated that Hong Kong’s retail sector lost sales of about HK$1 billion – or about 25 per cent – over the past three days. Photo: Felix Wong
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The sudden drop in tourism caused by anti-government protests has seen airfares to and from Hong Kong plunge. Photo: Bloomberg

Visiting Hong Kong has never been cheaper as protests drag on – US$400 fares from New York, US$180 from Singapore, anybody?

  • A drop in tourism amid anti-government unrest has seen airlines slash fairs. The biggest cuts are on long-haul routes, with leading carriers offering deals
  • Flights from London can be had for US$460, and from Los Angeles for US$310. In Asia, flights from Bangkok are down to US$140; hotels have cut room rates too
Topic |   Hong Kong protests

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The sudden drop in tourism caused by anti-government protests has seen airfares to and from Hong Kong plunge. Photo: Bloomberg
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