|– Hong Kong may be the regional luxury shopping hub, but its strict quarantine rules are keeping the visitors away|
– Could Macau and Hainan, which have both relaxed regulations, take over from Hong Kong?
Tourists from mainland China flooded into Macau last September, when Chinese authorities resumed allowing visits to the gambling hub once it had reined in the coronavirus.
Analysts remain confident that won’t happen because of Hong Kong’s unique advantages. “We expect that Hong Kong will remain a leisure and luxury shopping hub,” says Amrita Banta, managing director at luxury consultancy Agility Research & Strategy, “because of its differentiators as a destination compared with Hainan – its cosmopolitan atmosphere, world-class dining and nightlife, scenery, vibrant local culture, and great shopping [experience].”
cover photo: Macau and Hainan island have more relaxed regulations than Hong Kong, but could they rival the city as a luxury shopping destination? The Venetian Macau Resort (above). Photo: Shutterstock
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