Hong Kong travel agencies forced to cut profit to boost sales

As air tickets become more affordable and some exchange rates turn in Asia’s favour, travel agencies have boosted their efforts to attract holiday travellers post high season.

One agency, Hong Thai Travel Services, has already offered 600 “buy two, get one free” package deals to Thailand.

Despite experiencing a 15 percent revenue slump, Hong Thai has also pledged HK$7 million for the purposes of a year-end staff bonus, and offering 30 new jobs.

The weakening currencies of Australia and South Korea have proven themselves attractive to Hong Kong, with the majority of Hong Thai tours to the regions filled.

General Manager of Hong Thai, Susanna Lau Mei-Sze also indicated that many travellers had opted for Vietnam, the Philippines or Cambodia instead of Thailand, due to the political situation.

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