Hong Kong Democracy Protests May Hurt Tourism, Groups Say
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Hong Kong business associations said a threatened pro-democracy protest in the city’s financial district will dent tourism, hurting retail sales.
Consumer spending in the first quarter has dropped 4.4 percent from the previous three months, and any protests will have a “significant negative impact” in the third quarter, the five groups including the Hong Kong General Chamber of Commerce and The Real Estate Developers Association of Hong Kong said yesterday in an e-mailed statement.