Australian tourism chief hopes plunging currency can lure visitors from Hong Kong | The Insight Files | Scoop.it

Australia's dollar is coasting downward as China devalues the yuan, a situation Canberra hopes can translate into more dollars coming in from Hong Kong - half a billion of them a year, to be exact. Even though fewer people visit the country from Hong Kong than from most of its neighbours, Andrew Hogg, the new GM of Tourism Australia who oversees the Greater China region, expressed optimism that the weaker currency would bring more of them south. Some 202,000 Hongkongers visited Australia between June last year and end of this past May, an increase of 2.5% from the same period prior. However, the growth was much weaker than both Taiwan and South Korea, which saw increases of 6.7% in the same period. Find out more.