Hong Kong's efforts to host large-scale cultural and sports events helped attract more than 400,000 visitors from around the world to experience a blend of tradition and modernity during the Dragon Boat Festival holiday.
Government reluctant to enter fray as vested interests want to protect financial value of taxi licences, economist says, while others argue pool of passengers big enough to keep both types of drivers earning.
Deputy financial secretary says events expected to attract 1.7 million travellers, generate spending of HK$7.2 billion and add HK$4.3 billion to the local economy.