Hong Kong's growth in the hotel industry is attributed to low corporate taxation and minimal bureaucratic difficulty alongside the booming Chinese economy, which reflects ____.

The growth of Hong Kong's hotel industry can be primarily linked to international tourism growth, which is strongly influenced by factors such as low corporate taxation and minimal bureaucratic obstacles. As the Chinese economy has boomed, it has increased the influx of both domestic and international travelers to Hong Kong, eager to explore its vibrant culture, business opportunities, and attractions. This surge in visitors directly boosts hotel occupancy rates and encourages investment in new accommodations.

Additionally, the favorable business environment makes Hong Kong an attractive destination for travel-related investments, further fostering the hospitality sector. As travel patterns shift and more travelers seek experiences in places like Hong Kong, the broader implications for international tourism reflect a positive cycle of growth, where enhanced travel options and increased promotional efforts perpetuate a thriving hotel industry.