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Why Japanese Tourists Are Abandoning Hong Kong: The Weakening Yen and Rising Costs

The number of Japanese tourists visiting Hong Kong is not what it used to be.Data pictures

The number of Japanese tourists visiting Hong Kong is not what it used to be. Yu Yuyong, deputy general manager of Dongyang Travel Agency, which specializes in receiving Japanese tourists, admitted to Sing Tao Daily that the current situation is the “worst situation” in his 40 years in the industry. “December was originally the peak season, and at least 8,000 Japanese tourists came to Hong Kong for sightseeing in a single month. It has dropped to only 600 to 700 people visiting Hong Kong every day, or at least a few tourists a day.” He sighed. There were 30 or 40 reception clubs in the peak period, but now only a few remain. In addition to the weakening of the yen, which has greatly increased the cost for Japanese people to come to Hong Kong to buy Rolex and other brand-name goods, the continued increase in prices of hotels and food in Hong Kong has also greatly reduced the attractiveness of Hong Kong. He said: “Hotel room rates this month are 40% to 50% higher than at the beginning of the year, and the price/performance ratio is naturally lower.” In addition, many special attractions have disappeared, such as treasure seafood restaurants, calligraphy and painting shops, and embroidery shops have all passed into history. There were lion dances and other performances, but they are no longer available.” Geopolitical factors also make the Japanese shy away from Hong Kong.

However, some people in the tourism industry analyze that the change in Japanese people’s outbound travel habits is not entirely due to Hong Kong’s political environment. Xuan Guoquan, executive director of Dongyingyou, pointed out that due to the increase in the cost of going abroad, the overall number of Japanese outbound travel has dropped by half compared with 2019, and more people are “traveling domestically” in Japan. Tse Kam-ting, founding president of the Hong Kong Inbound Tour Operators Association and member of the Tourism Industry Regulatory Authority, pointed out that the number of tourists coming to Hong Kong from Thailand, South Korea and other places is on the rise, but only Japan has not seen an improvement. He believes that the Japanese economy has not recovered, which will affect the people’s desire to travel abroad. related.

The weak yen affects Japanese travel.Data pictures

The weak yen affects Japanese travel.Data pictures

In addition to the weak yen, the continued price increases of hotels and food in Hong Kong have also greatly reduced the attractiveness of Hong Kong.Data pictures

Xue Guoquan pointed out that due to the increase in the cost of going abroad, the overall outbound travel volume of Japanese people dropped by half compared with 2019.Data pictures

Cui Dingbang pointed out that the decrease in Japanese visits to Hong Kong has little to do with the social movement. The main reason is that Japan’s overall economy is poor and the yen is weak.Data pictures

The house prices are so expensive that the special attractions disappear.

Tourism Legislative Council member Yiu Pak-liang agrees that the “cost-effectiveness” of Japanese people coming to Hong Kong has become lower, and some people’s impression of Hong Kong is still stuck in 2019, and they are not very familiar with Hong Kong’s current stable and safe situation. “In addition, Japan has been vigorously promoting Domestic travel has also changed the travel habits of Japanese people.” He suggested that the government, the Tourism Board and the offices in Japan should publicize the current situation of Hong Kong more to “guke”.

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Cui Dingbang, director-general of the Tourism Promotion Association, said with a smile that he had just returned from a trip to Japan and believed that the Japanese authorities’ promotion of Hong Kong was very strong and successful, and Hong Kong people were also “affordable.” According to his understanding from the industry, the decrease in Japanese visits to Hong Kong has little to do with the social movement. The main reason is still the poor overall economy in Japan and the weak yen. “Local people prefer to go to South Korea, just like Hong Kong people prefer to go north, because they are greedy for the short distance.” And cheap.”

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2023-12-21 00:36:00

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