Daily Newsletter

02 November 2023

Daily Newsletter

02 November 2023

World’s 50 Best Hotels awards spotlights Hong Kong

Two Hong Kong establishments have been named in the World’s 50 Best Hotels, securing second and fourth places.

Claire Jenns November 01 2023

The Hong Kong Tourism Board (HKTB) has congratulated Rosewood Hong Kong and The Upper House for coming second and fourth respectively in the 2023 inaugural World’s 50 Best Hotels Awards.

The list has been created by The World’s 50 Best Hotels Academy, a group of 580 anonymous leaders in the hotel industry operating in nine voting regions.

The accolades make Hong Kong the only location in the world with two hotels ranked among the top five. Rosewood Hong Kong has also been named Asia’s Best Hotel.

Rosewood Hong Kong and The Upper House jointly hosted a celebratory event following the World's Best 50 Hotels commendation in late October 2023.

HKTB executive director Dane Cheng commented: “We are extremely proud of the industry’s continued international recognition, which not only showcases Hong Kong’s excellent hospitality experiences but also further reinforces Hong Kong’s position as a world-class tourism destination.

“It also highlights the dedication to providing professional and quality hospitality services to our visitors and guests. We hope trade members in different sectors of the travel industry will continue to work together to deliver exceptional experiences for visitors from all over the world.”

GlobalData’s travel and tourism intelligence finds that Hong Kong’s top five source markets are China, the US, Taiwan, the Philippines and the UK. Seven of the special administrative region’s top ten source markets are located in the Asia Pacific region.

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The globalization and digitization of travel and tourism are both driving the demand for easy-to-use and cheap international transaction processes and payment systems. Tourists are beginning to discover that cryptocurrencies offer such opportunities—by simplifying cross-border transactions and overcoming the associated foreign currency exchange costs. At present, cryptocurrencies are the most advanced application of public blockchains that promise benefits such as a universal means of payment and minimal fees through the removal of intermediaries.

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