Hong Kong Sees Record Surge in Mainland Visitors During Labour Day Week Despite Varied Spending Patterns

Hong Kong experienced an unprecedented spike in mainland Chinese visitors, surpassing 1 million guests during the Labour Day “golden week” holiday. The figure marked a 10% increase from the previous year, defying earlier projections. Nonetheless, concerns arise as industry experts highlight erratic spending behaviors among this cohort. Chief Secretary Eric Chan Kwok-ki disclosed positive trends, with shopping centers reporting substantial year-on-year growth, especially in tourist hubs. While the hotel occupancy soared to a remarkable 90%, displaying commendable resilience, consumer spending exhibited a mixed pattern across different sectors. Notably, luxury retail segments noted a surge in sales, although high-end dining failed…