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November 30, 2025
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Hong Kong earns HK$189 million from revived hotel tax in first quarter
  • Hong Kong News

Hong Kong earns HK$189 million from revived hotel tax in first quarter

Cs news4 months ago02 mins

Hong Kong collected HK$189 million (US$24.1 million) from a hotel tax on guests for the first quarter following its reintroduction, with industry leaders raising concerns as to whether a HK$1.1 billion annual income target can be met. Industry veterans also called for more government support, saying the tax figures reflected that hotels were struggling and…

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Weaker Hong Kong dollar to boost tourism and lower cost of services: economists
  • Hong Kong News

Weaker Hong Kong dollar to boost tourism and lower cost of services: economists

Cs news7 months ago02 mins

Recent weakness in the Hong Kong dollar against some regional currencies has made the city more appealing to inbound tourists while lowering the costs of services, economists and industry leaders have said. The Hong Kong dollar, pegged to the US dollar, weakened against a basket of currencies as reflected in the US dollar DXY Index,…

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