Hong Kong protests push city into recession

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14 November 2019 à 15h16

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2 minutes

Publication: 14 November 2019 à 15h16

Reading time: 2 minutes

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Publication

14 November 2019 à 15h16

Reading time

2 minutes

Publication: 14 November 2019 à 15h16

Reading time: 2 minutes

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In September 2019, the chain of organic convenience stores JustGreen dropped the curtain in Hong Kong, after 11 years of business. InterContinental Hotels Group told investors that in Hong Kong, revenue per available room (a standard industry measure) fell by more than 50% in September 2019. At Hilton Worldwide, revenue per room was down by 40% in the third quarter.

Two pillars of Hong Kong’s economy are hit hard. Tourist arrivals in Hong Kong dropped by 40% in August year-on-year due to the vio

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