With a huge bill racked up in its efforts to contain the COVID-19 pandemic, Hong Kong is under pressure to revive its struggling economy and restore investor confidence.
, tourism is creeping back to life, and the city has rolled out an aggressive campaign to attract visitors to stimulate its economy.
With a huge bill racked up over the last three years, Hong Kong is under pressure to revive its sluggish economy and restore investor confidence.of close to US$20 billion this fiscal year, ahead of the city’s budget announcement on Wednesday.As part of its efforts to kickstart the economy and rejuvenate the hospitality sector, Hong Kong has launched a US$12.7 million tourism campaign to draw tourists back, including giving away“If it can attract 1.
Ocean Park Hong Kong, for instance, is looking to hire 350 full-time employees so that it can extend the opening of its venue to seven days, from its current five days. Some tour buses for cross-border travel and domestic trips have been sitting idle for the last three years since tours were suspended due to the pandemic.There is a lack of drivers and technicians to operate and maintain the buses as many have left the industry during the period the sector was shut down. Many of these tour buses have fallen into disrepair.
“If the government can provide loans or financial assistance for the operators to repair the buses as soon as possible, then they could cater to the demand of the tour groups.”To ensure that the tourism campaign can generate the revenue it needs, audit firm KPMG has called on the government to disburse a further round of consumption vouchers.
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