The Hong Kong government is planning to announce subsidies for airfares and hotels to help revive tourism in a city that’s been roiled by protests the past few months.1
The handouts will include subsidies of HKD120 ($15.30) per air ticket and HKD100-a-night for hotels, subject to specific conditions, according to the report, which cited unidentified people.
Hong Kong Financial Secretary Paul Chan is due to hold a briefing at 4 p.m. local time to outline initiatives to support businesses.
The anti-government protests that have weighed on airlines, tourism and other industries have pushed Hong Kong into recession, according to Chief Executive Carrie Lam.
Airlines operating in the city last month urged the government to introduce polities to offset damage to their businesses. Cathay Pacific Airways Ltd. has been one of the most high-profile casualties, warning last Friday that its earnings will weaken this half.
1 - Reported in local newspaper HK01.com
