HONG KONG, June 26, 2024 /PRNewswire/ -- According to economic data released by the Hong Kong Census and Statistics Department, Hong Kong's economy grew by 2.7% in the first quarter of 2024, which is much higher than expected. The consumption is the biggest source of power behind the gradual recovery of the economy. The private consumption in Hong Kong has increased by 1% in the first quarter of 2024, and has maintained growth for six consecutive quarters, accounting for more than 70% of the entire economy. In the first four months of 2024, the number of visitors to Hong Kong reached 14.62 million, which has formed a double year-on-year increase, and the average occupancy rate of hotels was about 80%. Every 1.5 million tourists will bring 0.1 percentage point of economic growth according to the calculations made by Hong Kong SAR Government, so the prosperity of cultural tourism is undoubtedly the core of Hong Kong's economy.
The vibrant Hong Kong remains the same, and the world will witness a pearl of the orient full of opportunities.
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