Cathay Pacific Airways Ltd and the owner of Hong Kong's luxury Pe...
) and the owner of Hong Kong’s luxury Peninsula hotel became the latest companies to highlight the impact of recent protests on their business, as an escalating cycle of violence clouds the outlook for the city.
Hong Kong’s flagship airline, Cathay Pacific, said on Wednesday the protests reduced inbound passenger traffic in July and travelers were weighing on forward bookings, as it reported it swung to a half-year profit. The Hongkong and Shanghai Hotels Ltd , owner of the opulent Peninsula hotel in the bustling shopping district of Tsim Sha Tsui, said it too was worried about the impact of the protests on tourist arrivals as well as the broader economy.
What started as an angry response to a now-suspended extradition bill, which would have allowed people to be sent to mainland China for trial, now includes demands for greater democracy and the resignation of Hong Kong leader Carrie Lam.
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