“For decades, Hong Kong’s tourism success rested on a clear formula: shopping, dining and urban experiences. That model is losing momentum. Overnight visitor spending has fallen from around HK$193 billion (US$24.6 billion) in 2015 to HK$128 billion last year. Shopping has declined sharply as spending shifts to sightseeing and experiences. Travellers are no longer coming only to consume – they seek a connection to nature, culture and place. This transition presents a clear opportunity. Hong Kong’s...
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