Tourism And Hotel Industries Call For Relief Funds
"); jQuery("#212 h3").html("

"); });
2022-01-12 HKT 16:42
Representatives of the tourism and hotel industries are calling on the government to allocate around HK$1 billion to help the sectors get through the fifth wave of the pandemic.
They made the call after Chief Executive Carrie Lam said the government will on Friday announce details of a new round of funding support for businesses, noting that around HK$4 billion is left in the anti-epidemic fund.
Speaking to reporters, the industry leaders said the fifth wave of coronavirus infections has dealt yet another blow to their already hard-hit businesses, with local tours, “cruises to nowhere” and hotel room bookings cancelled.
The executive director of the Federation of Hong Kong Hotel Owners, Michael Li, said sales from room bookings at quarantine hotels have dropped by 30 to 50 percent since the government banned flights from overseas places from last Saturday.
He said staycation businesses have also taken a hit due to the Covid outbreak and he hopes the government will allocate a fair amount of funding to the hotel industry.
“I think the chief executive should understand that we’re experiencing a very difficult period. Even though we have some staycation business, some quarantine business, we’re making just enough, or not enough money to make a living.”
The chairwoman of the Travel Industry Council, Gianna Hsu, meanwhile, said she hopes the government will dish out a one-off subsidy of between HK$150,000 and HK$200,000 to each travel agency, as well as additional subsidies to workers at larger agencies for a period of six months.
Tourism sector lawmaker Yiu Pak-leung said he hopes the government will give the sector HK$1 billion and allow local tours to resume as soon as the pandemic is under control.
Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028
Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more
SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets
The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more
WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency
WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more
Fusion Bank Completes Core Banking System Migration In 10 Months With Tencent Cloud
Fusion Bank, a licensed digital bank in Hong Kong, has completed its migration to a new core banking system in collabor... Read more
Hong Kong Banks Can Begin Issuing Credit Cards In Mainland China From March 1
Hong Kong banks’ mainland credit cards will soon be available in mainland China, marking a significant step towards d... Read more
SFC Introduces ASPIRe Roadmap To Strengthen Virtual Asset Market In Hong Kong
The Securities and Futures Commission (SFC) outlined 12 key initiatives under the SFC virtual asset ASPIRe roadmap to e... Read more