South China Morning Post (October 6)
Amid prospects of a stimulus led recovery, China’s travel industry is facing a “reality check” as it confronts what many claim is the “‘worst ever” season. China’s travel data may paint “an optimistic picture,” but consumers “are reluctant to spend amid broader economic anxieties.” Operators are “lamenting” the “Golden Week” season with some travel businesses actually “faring worse than during the darkest days of the coronavirus pandemic.”
Tags: China, Confronts, Economic anxieties, Golden Week, Operators, Prospects, Reality check, Recovery, Spend, Stimulus, Travel industry, Worst ever
Bloomberg (December 9)
Hong Kong is facing the “‘worst ever,” as layoffs and store closures multiply. “More than 5,600 retail jobs could be lost and thousands of stores shut down over the next six months, as pro-democracy protests in Hong Kong continue to disrupt sales during the crucial festive period.”
Tags: Disrupt, Hong Kong, Layoffs, Pro-democracy, Protests, Retail jobs, Sales, Store closures, Worst ever
