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News Wire / economy

Hong Kong Hotels Near Full Occupancy Amid Tourism Surge

RTHK Radio 1 Hong Kong Hong Kong 9d9d Impact 8

Over 50,000 mainland Chinese tourists visited Hong Kong between last week and 10:00 AM today, the fourth day of the Golden Week holiday. The current low investment in hotels, coupled with high labor costs, presents challenges. The government is considering tax adjustments and depreciation allowances for hotel renovations to address these issues. The financial secretary stated that total tax revenue for 2025 is provisionally estimated at HK$458.3 billion, a 22% increase year-on-year, with new taxes contributing HK$97.7 billion. Profits tax is projected at HK$212.6 billion, up 20%, and salaries tax at HK$102.6 billion, up 61%. The forecast for total tax revenue in 2026-2027 is approximately HK$455.1 billion. This high occupancy is attributed to a surge in tourism, with visitors staying an average of one to two nights.

Over 50,000 mainland Chinese tourists visited Hong Kong between last week and 10:00 AM today, the fourth day of the Golden Week holiday. The current low investment in hotels, coupled with high labor costs, presents challenges. The government is considering tax adjustments and depreciation allowances for hotel renovations to address these issues. The financial secretary stated that total tax revenue for 2025 is provisionally estimated at HK$458.3 billion, a 22% increase year-on-year, with new taxes contributing HK$97.7 billion. Profits tax is projected at HK$212.6 billion, up 20%, and salaries tax at HK$102.6 billion, up 61%. The forecast for total tax revenue in 2026-2027 is approximately HK$455.1 billion. This high occupancy is attributed to a surge in tourism, with visitors staying an average of one to two nights. Some industry insiders suggest that a lack of promotion for more affordable guesthouses may be contributing to travelers being unaware of these options. Additionally, some university dormitories are being converted into hotels due to higher returns and lower maintenance costs compared to traditional hotels. The high cost of renovations and labor also contributes to the expense of maintaining hotel standards. During the past long holiday, hotel room rates increased by approximately 10%. The report also touched on the issue of internet cafes potentially becoming accommodation, raising safety concerns due to mixed-gender guests and lack of supervision.

Topics

tourism Golden Week Hong Kong

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Sources · 7 independent

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客抵港。最多内地游客经落马洲界线口岸入境,其次是高铁西九龙站。”

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客抵港。”

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客抵港。最多内地游客经落马洲地线口岸入境,其次是高铁西九龙站。”

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客底港。”

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客抵港。最多内地游客经落马洲线口岸入境,其次是高铁西九龙站。”

RTHK Radio 1 Hong Kong

“内地51黄金周第四日,今天至上周十点,有5万多人次内地游客底港。最多内地游客经落马洲地线口岸入境,其次是高铁西九龙站。”

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客底港。最多内地游客经落马洲地线口岸入境,其次是高铁西九龙站。”

GDELT

“據 《 全球貿易展望與統計 》 報告 香港升為全球商品貿易第五大經濟體”

RTHK Radio 1 Hong Kong

“内地黄金周第四日,今天至上周十点,有5万多人次内地游客抵港。最多内地游客经落马洲口岸入境,其次是高铁西九龙站。”

RTHK Radio 1 Cantonese

“内地5.1黄金周第四日,今天至昨天10点,有5万多千人次内地旅客底乘。最多内地旅客经洛马州直线口岸入境,其只是高铁西。”

RTHK Radio 1 Cantonese

“Tourism Promotion Board Director-General Chiu Ting-bong said during the mainland's May 1 Golden Week, Hong Kong's overall hotel occupancy reached 90%, and hotel prices rose about 10%.”

RTHK Radio 1 Cantonese

“Tourism Promotion Board Director-General Chiu Ting-bong said during the mainland's May 1 Golden Week, Hong Kong's overall hotel occupancy reached 90%.”

RTHK Radio 1 Cantonese

“旅游促进委总干事丘定邦说,内地5.1黄金周期间,本港酒店整体入住率达至90%,与过去长假期比较,酒店房价上扬幅度约10%。”

RTHK Radio 1 Cantonese

“Tourism Promotion Board Director-General Chiu Ting-bong said during the mainland 5.1 Golden Week, Hong Kong hotel overall occupancy reached 90%, and compared to past long holidays, hotel room prices rose by about 10%.”

RTHK Radio 1 Cantonese

“Tourism Promotion Board Director-General Chiu Ting-bong said during the mainland's May 1 Golden Week, Hong Kong's overall hotel occupancy reached 90%, and compared to past long holidays, hotel room prices rose by about 10%.”

RTHK Radio 1 Cantonese

“Tourism Promotion Board Director-General Chiu Ting-bong said during the mainland China May 1 Golden Week, Hong Kong's overall hotel occupancy reached 90%.”

RTHK Radio 1 Cantonese

“hotel room rates rose by approximately 10 percent... catering and retail business profits grew by 1.5 to 20 percent”

RTHK Radio 1

“内地5.1黄金周第四日,至今早10点,有5万4千多人次内地旅客底降。”

CRI Huayu Global

“54,000 Mainland Tourists Arrive In Hong Kong”

CNR Voice of China

“客流量继续膨胀。假期首日,魂春公路口岸就迎来客流高峰。眼下,西安各大核心警区入境客流明显增多。在西安城墙警区,大批外国游客登临古城墙,感受千年古都的风采。根据山西出入境边防检查总站预测,5.1假期,西安口岸出入境旅客将达28万人次。云南的合口口岸是中月边境云南。”

CNR Voice of China

“客流量继续膨胀。假期首日,魂春公路口岸就迎来客流高峰。眼下,西安各大核心警区入境客流明显增多。在西安城墙警区,大批外国游客登临古城墙,感受千年古都的风采。根据山西出入境边防检查总站预测,5.1假期,西安口岸出入境旅客将达28万人次。”

VOH Ho Chi Minh City

“天晴暖。NNE4工业区米富3新出努恩万天和乐本卡,车只东停时等红灯,天晴暖。”

CNR Voice of China

“The influx of travelers continues to expand. On the first day of the holiday, the Hun Chun Highway Port welcomed a peak in passenger traffic.”

CNR Voice of China

“客流量继续膨胀。假期首日,魂春公路口岸就迎来客流高峰。眼下,西安各大核心警区入境客流明显增多。在西安城墙警区,大批外国游客登临古城墙,感受千年古都的风采。”

BCC News Taiwan

“Hong Kong Hotels Reach 90% Occupancy During Golden Week.”

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