A spokesman for the Hong Kong SAR government recently stated that the number of tourists visiting Hong Kong during the Spring Festival holiday is initially estimated at about 750,000, which has reached the level of the same period in 2018; 650,000 of them are mainland tourists, exceeding the same period in 2018. Industry insiders said that the overall occupancy rate of Hong Kong hotels during the Spring Festival holiday reached 90%, and various Spring Festival celebration activities attracted citizens and tourists. Suki Su Jiaohua, CEO of Realord Group (01196.HK) and the Sincere Company (00244.HK), said in an interview with CCTV that in order to boost the tourism industry, the Hong Kong SAR government had organized different Spring Festival activities and night markets, which successfully attracted a large number of tourists to Hong Kong. Sincere's department stores business has also increased significantly, and more than 70% of the consumer groups are mainland tourists.
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