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Hong Kong hotels, tourist-area eateries report brisk trade over Lunar New Year holiday
CultureSCMP13d ago

Hong Kong hotels, tourist-area eateries report brisk trade over Lunar New Year holiday

Hong Kong’s hotels and tourist-area restaurants reported robust business during the Lunar New Year holiday, even as a surge in outbound travel by residents underscored the city’s increasingly visitor-driven festival economy. An industry leader said the city had also seen more mainland tourists partly because of ongoing diplomatic tensions between China and Japan. Hongkongers were able to enjoy a nine-day holiday this year by taking two days of annual leave on February 16 and 20 on either side of...

‘Do we have to wait until someone gets hurt?’: Hongkongers stuck in Dubai face travel chaos
WorldSCMPvg12h ago2 sources

‘Do we have to wait until someone gets hurt?’: Hongkongers stuck in Dubai face travel chaos

Some Hong Kong residents stranded in the Middle East amid the US-Israeli attack on Iran have voiced frustration over repeated flight cancellations, rising hotel costs and dwindling phone data as they navigate rapidly changing emergency policies. As of Tuesday, at least 585 stranded Hong Kong residents had filed inquiries, including requests for information about itineraries and flight schedules, according to the Immigration Department. Four have since left the region. Data from aviation...

Breaking down the key figures in Hong Kong 2026-27 budget
FinanceSCMP6d ago

Breaking down the key figures in Hong Kong 2026-27 budget

Hong Kong’s financial chief has defended his latest budget against public criticism over the lack of sweeteners, stressing that the government must balance its finances with long-term investments for the city’s benefit. Financial Secretary Paul Chan Mo-po said on Thursday he would brief credit-rating agencies and the International Monetary Fund next month on his budget, including the proposed HK$150 billion (US$19.2 billion) transfer from the Exchange Fund to support infrastructure projects. ...

CultureSCMP18d ago

Savvy Hongkongers book 9-day Lunar New Year break for festive trips across Asia

Hongkongers packed the airport and cross-border railway station on Saturday, with many opting to take a nine-day Lunar New Year break to destinations across the rest of Asia, as mainland Chinese visitors entered the city. Travellers, including families with children and elderly relatives, gathered at check-in counters at Hong Kong International Airport in the morning as the city marked Valentine’s Day and prepared to ring in the Year of the Horse. Long queues of hundreds of travellers could be...

Hong Kong inflation risks grow as war in Middle East escalates, experts warn
BusinessSCMP14h ago

Hong Kong inflation risks grow as war in Middle East escalates, experts warn

Hongkongers may begin to feel the impact of the escalating war in the Middle East in the coming months, as rising global oil prices are expected to push up energy bills and dining costs, according to experts. Analysts said the attacks on Iran by the United States and Israel, and subsequent retaliation across the region, were also likely to slow the pace of US interest rate cuts and curb the rise in Hong Kong housing prices. As military operations in the Middle East entered their fourth day,...

670 Hongkongers granted settlement in UK under BN(O) visa scheme since launch
PoliticsSCMP4d ago

670 Hongkongers granted settlement in UK under BN(O) visa scheme since launch

Nearly 670 Hongkongers have been granted settlement in the United Kingdom under its bespoke BN(O) visa pathway, although the total number of applicants has fallen short of the British government’s lowest “core” estimate five years after its launch. While tens of thousands of Hongkongers are set to qualify for Indefinite Leave to Remain, or settled status, this year, experts suggested that uncertainties over the UK’s long-term settlement of migrants could deter future applications. The UK...

Hong Kong Sees Surge in Lunar New Year Outbound Travel
CultureSCMP16d ago

Hong Kong Sees Surge in Lunar New Year Outbound Travel

Hongkongers made nearly 1.4 million outbound trips in the three days leading up to Lunar New Year's Eve, marking a significant 21.6 percent increase from the previous year. This surge indicates a strong desire for travel during the holiday period.