But now is not the time for the city to rest on its laurels, according to Peter Hopper, Asia Pacific managing director of consulting firm Strategic Decisions Group. “The drop in retail sales serves as a reminder that we can no longer sit and wait for tourists to come and spend in Hong Kong,” he said.

Quoted in this article in the South China Morning Post, Hopper urged the government to capitalize on transport, communications and telecommunications data to better predict tourist spending habits.