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As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
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The Shanghai Import Expo started yesterday and will be held for six consecutive days. Tourism Bureau: Will continue to consolidate Hong Kong as a world-class preferred tourist destination.
The Hong Kong Tourism Board announced that the 7th China International Import Expo was held in Shanghai for six consecutive days starting from yesterday (the 5th). The Tourism Board has been showcasing for the seventh consecutive year this year, demonstrating Hong Kong's diverse touristic features as an international metropolis, including in-depth travel, the charm of being a city of grand events, and how Hong Kong takes the lead in promoting the Greater Bay Area tourism brand together with other cities in the region. Mr. Dane Cheng, the Executive Director of the Tourism Board, stated that the Import Expo is an important platform for Hong Kong to showcase its unique city image and tourist attractions internally and externally. The authorities will continue to strengthen Hong Kong's position as a world-class premier tourist destination and as a hub for Greater Bay Area tourism, playing its role in connecting Hong Kong internationally.
Tourism Board: This year, a total of 150 cruise ship visits to Hong Kong have been accumulated, and will continue to strive for each company to use Hong Kong as a homeport.
The Hong Kong Tourism Board stated that they have been making various efforts to attract different international cruise companies to arrange for their cruise ships to dock in Hong Kong or to use Hong Kong as a homeport. Among them, 3 international cruise ships visited Hong Kong yesterday and today (October 24th to 25th), bringing a total of approximately 8,000 tourists from Mainland China and over 30 countries and regions. The Tourism Board also mentioned that throughout the year, 30 cruise companies arranged for their cruise ships to visit Hong Kong, offering approximately 150 sailings. The authorities will continue to maintain close contact with cruise companies to attract different Mainland and international cruise ships to visit Hong Kong, bringing in more tourists to the city. (js/w)~
Klook: Some local tour product bookings have declined, always planned to go public but no definite timetable.
Local travel booking platform Klook's General Manager for Hong Kong and Macau, Samson Sze, noted a decrease in the booking volume of some local travel products, such as the sales of hotel staycation products being affected by Hong Kong people traveling abroad. He mentioned that the consumption pattern of Hong Kong people is currently changing, shifting from preferring expensive dining experiences to more affordable restaurant choices. As for the platform's outbound travel product reservations, there has been a significant increase, especially after Hong Kong people's retaliatory consumption from 2023 to 2024, so the current outbound travel product reservations have completely surpassed the levels of 2019. He also mentioned that Hong Kong people are now...