Mainlanders boon to travel and hospitality industry
Despite a subtle sense of apprehension regarding the economic situation in Europe and the United States, things are looking up for those in the travel and hospitality industry.
A recent survey by TMS Asia-Pacific has found that travel and hospitality executives in Hong Kong boast the highest average salaries in the region.
This was the second year in a row that Hong Kong topped the survey, and also the second year that Singapore ranked in second place.
But the situation across the border is looking slightly worse, with salaries dropping over last year, largely due to rising labour costs, inflation and a steadily appreciating yuan.
Commenting on the dominance of the Hong Kong market, TMS CEO Andrew Chan noted that Hong Kong has seen an unprecedented number of monthly arrivals r