Hong Kong’s retail sales continued their upward trend in February, rising 1.9% YoY to HK$33.8 billion ($4.32 billion), supported by ongoing tourism and consumption growth. The government expects a further revival in inbound tourism with increased handling capacity and additional mega events. Despite challenges, the economy is forecasted to grow between 2.5% to 3.5% this year. Initiatives to boost consumption sentiment and support measures for the tourism industry are underway, including staging over 80 large events and expanding the individual travel scheme to more Chinese cities. Visitor arrivals in February reached 4 million, with a notable increase in mainland Chinese visitors.