The Strategist

Hong Kong Airport falls in recession

01/20/2020 - 10:31

The number of passengers passing through Asia's largest air harbor turned to be the smallest in 10 years.

One of Asia’s busiest air harbors, the Chek Lap Kok International Airport in Hong Kong, has recorded the largest decline in passenger traffic over the past 10 years. Against the backdrop of protests in the special administrative region of China, which scared off tourists, in 2019 the number of passengers passing through this airport, according to the South China Morning Post, fell by 4.2% compared to 2018 to 71.53 million people.

For the first time, the Hong Kong air harbor lost to its Chinese competitors: Guangzhou Airport, which received 73.3 million passengers, and Shanghai Airport, serving 76.1 million people. “We survived a difficult year,” commented Vivian Cheng, executive director of the Hong Kong airport administration.

In terms of cargo turnover, Chek Lap Kok remains in first place in the world, despite the fact that the indicator fell 6.1% to 4.8 million tons against the backdrop of a trade confrontation between China and the United States.