Mainland tourists to Hong Kong rose about 33 percent at the start of this week’s Lunar New Year, providing a boost for the city’s retail sales and luxury companies such as Prada Spa.
More than 381,000 tourists visited Hong Kong from mainland China during the first three days of the holiday, compared with about 287,000 in the same period last year, according to Bloomberg calculations from immigration department data.
A rise in Chinese visitors helps companies including Prada and jeweler Chow Sang Sang Holdings International Ltd., which have added stores in the city to tap mainland shoppers. Outlays by tourists slowed last year amid a weaker economy in China.
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Stephanie Tong and Vinicy Chan, Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/UBB_r8hIqds/
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