Travel

After the Hong Kong Special Administrative Region Government eased COVID-19 entry restrictions last month, ending the hotel quarantine requirement for inbound visitors, the city is gearing up to receive a rush of travellers. The Travel Industry Council expects departures to surge as much as 50% over the next few months. To lure visitors back to the city, meanwhile, the Hong Kong Tourism Board is set to offer 500,000 free airline tickets next year once all remaining travel restrictions are dropped.

The lockdowns in the Yangtze River Delta region during the April COVID-19 outbreak put a damper on economic activity and, inevitably, impacted many of the activities of Hong Kong investors in the region. With the pandemic situation in the region gradually stabilising, Shanghai has initiated a phased resumption of business activities, while the municipal government has looked to introduce additional measures aimed at preventing future infection clusters, bolstering enterprises and promoting the region’s overall development.

The COVID-19 pandemic upended almost every line of business throughout the world, with few being more hard-hit than tourism and hospitality. Earnings slumped for hotels and associated services, including booking applications.