HONG KONG–Hong Kong visitor arrivals plunged nearly 40 percent in August from a year earlier, deepening from July’s 5 percent fall, the finance secretary said as sometimes violent anti-government protests take a rising toll on the city’s tourism, retail and hotel businesses.
Hotels in some locations had seen occupancy rates drop to about half, while room rates plunged 40-70 percent, Paul Chan said, citing industry sources.
