US Oil Blockade Deepens Iran’s Economic Crisis 
Oil Prices Slip as Trump Eases Iran Supply Fears 
Tesla Cybercab Launch Puts Robotaxi Ambitions in Focus 
Honda Targets $9.4 Billion in Cost Cuts as China EV Competition Intensifies 
Yen Extends Gains as BOJ Rate Hike Bets Rise 
Anthropic IPO Marketing Expected to Start in Mid-October 
Adobe Names Anil Chakravarthy CEO as AI Push Accelerates 
China Services PMI Beats Forecasts as Domestic Demand Improves 
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring 
Lynas Rare Earths Shares Rise After Takeover Talks Revealed 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
FTSE 100 Falls as US-Iran Conflict Drives Oil Prices Higher 
CATL Shares Fall as Hungary Plant Faces Safety Halt 
Microsoft to Reveal Azure Revenue in Major Reporting Shake-Up 
Gold Prices Hold Near $4,400 as Fed Rate Hike Bets Ease 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Milei Threatens Falkland Oil Firms With Sanctions 
Add as a preferred source on Google
Hong Kong is making ways to lure tourists back into the country and make its tourism strong again. The arrival of more tourists will be a big help in boosting the country’s economy. Thus, it is devising plans to make them return.
Now Hong Kong announced it would be giving away 500,000 free air tickets to tourists in an effort to lure them into coming. Prior to the COVID-19 pandemic, the country has been attracting about 56 million visitors per year, which only shows it is indeed one of the most popular destinations before the lockdowns and tough travel restrictions.
After more than two years of low visits from tourists, Hong Kong is taking big steps so they will travel to the country again. As per CNN News, just days after the mandatory hotel quarantine rule was dropped as a requirement for visitors, the country immediately confirmed its plans to hand out free airline tickets to 500,000 travellers in a bid to increase tourism.
It was said that the plan was actually first announced two years ago and was confirmed by the spokesperson of the Airport Authority Hong Kong (AAHK) to CNN. Under the scheme, half a million tickets worth $254.8 million are to be given away to international tourists as well as residents.
The AAHK spokesperson told the media outlet, "Back in 2020, Airport Authority Hong Kong purchased around 500,000 air tickets in advance from the territory's home-based airlines as part of a relief package to support the aviation industry and the purchase serves the purpose of injecting liquidity into the airlines up front while the tickets will be given away to global visitors and Hong Kong residents in the market recovery campaign."
WION News reported that the complimentary tickets that were originally purchased to help Hong Kong Airlines amid the epidemic are set to be handed out to inbound and outbound travellers. The city’s airport authority has been tasked with the distribution of the tickets next year. As expected, flights to and from Hong Kong are in high demand after the news of free tickets came out.
