Abstract
Hong Kong's tourism industry faces unprecedented political uncertainty with the upcoming change of sovereignty in July 1997. While the changes present challenges to investors and industry professionals, opportunities also exist. Most of the challenges are unrelated to the change in political administration, including competition from other destinations and Hong Kong's crowded real-estate market. Far from being a negative factor, the closer relationship with the mainland Chinese government should augment Hong Kong's position as both a destination in its own right and as a gateway for travelers entering and leaving the People's Republic.
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