[Reuters, Hong Kong 9]-Hong Kong's Paul Chan revealed that the number of visitors to Hong Kong in August dropped nearly 40% year-on-year.
In Hong Kong, the tourism, retail and hotel industries have been hit by anti-government protests.
According to a public finance officer based on information from industry officials, the hotel occupancy rate dropped to about half in some areas. Accommodation prices plummeted 40-70%.
Financial officer "is of the most concern, but it is seen as the prospect of improvement is not set" is an 8-day blog said.
According to the Hong Kong Tourism Board, the number of tourists visiting Hong Kong in July was 4.8% lower than the previous year. The decline has been since January 2018, and the rate of decline has been the largest since August 2016.
Retail sales in July have fallen significantly since February 2016.
Public finance officials expressed the perception that social anxiety has greatly damaged Hong Kong's image as a “safe international city” and “trade, aviation, and financial hub”.