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Express News | The holiday arrangements for 2025 are here: both the Spring Festival and Labor Day have been extended by 1 day.
Tourism Board: The number of visitors to Hong Kong in September increased by about 10% year-on-year, with a nearly 40% year-on-year increase in the first three quarters accumulated.
According to the Tourism Board, the number of visitors to Hong Kong in September is close to 3.1 million, an increase of about 10% year-on-year, with approximately half of them being overnight visitors. In the first three quarters of this year, the number of visitors to Hong Kong has increased by nearly 40% year-on-year, with mainland and non-mainland visitors to Hong Kong seeing respective increases of 35% and 59% year-on-year.
Express News | The Legislative Council of the Hong Kong Special Administrative Region has passed a bill to reinstate the 3% hotel room tax.
China Merchants Securities: Slight increase in National Day travel, volume increase, price stability, and trend towards improvement.
China Merchants Securities released research reports stating that during the 2024 National Day holiday, domestic tourism visits increased by 5.9% year-on-year, domestic tourism revenue increased by 6.3% year-on-year. Overall, domestic income and visits during the National Day period are steadily improving. The average travel expenditure per person has already approached the level of the same period in 2019, and the overall travel data meets market expectations.
China International Capital Corporation: During the National Day holiday, various consumer data saw a significant year-on-year growth. Categories such as household appliances, gold, and jewelry showed impressive performance.
In 2024, the consumer data for the "Golden Week" have been successively released. Overall, with the strong support of national policies to promote consumption and stabilize the economy, various consumption data during the Golden Week have shown significant year-on-year growth, and also improved compared to the previous period.
EPD: The adaptation period for the new law on regulating disposable plastics will expire on the 21st of this month.
The Environmental Protection Department announced that the 6-month adaptation period for the new legislation on single-use plastics will end in two weeks (October 21), reminding all relevant businesses to make preparations for the end of the adaptation period. A spokesperson for the Environmental Protection Agency stated that during the approximately 5-month adaptation period, the new legislation has successfully sparked a trend of "waste reduction" across all sectors. The dining industry has reflected that many takeaway customers have gradually become accustomed to bringing their own reusable tableware. Chain restaurants have indicated that about 80% of customers have chosen not to use takeaway utensils, with approximately 30% of restaurants no longer providing any takeaway utensils. In the retail and service sectors, property management companies have stated that the majority of residents have become accustomed to using umbrellas to remove water.
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