Hong Kong’s Golden Bauhinia Square, anchored by the sculpture gifted by Beijing in 1997 to mark the city’s return after more than 150 years of colonial rule, is a magnet for budget tour groups from mainland China, most of whom leave without an overnight stay. Visitor numbers have climbed since the end of COVID-19 restrictions, yet per-capita spending is still far below pre-pandemic levels. Mainland China’s economic slowdown has intensified the squeeze: frugal tourists are battering retailers and forcing many shops to close. Analysts argue that Hong Kong must pivot to distinctive, high-quality experiences if it hopes to stand out as a premier destination rather than a quick, low-cost stop.
This video summary was created by AI from the original DW script. It was edited by a journalist before publication.