The Hong Kong Tourism Board November 2019 number for visitor arrivals to Hong Kong dropped to 2.6 million. This is close to half of the long-term average since 2011 of 4.65 million arrivals per month. Early indicators show a continuing drop going into 2020 and the damage to Hong Kong’s economy from the coronavirus outbreak points to a serious downturn.
The longer the coronavirus is not contained, the less this downturn will be transitory for Hong Kong’s economy and companies’ earnings.
