Yes, both tourists and locals find Hong Kong to be a costly city, especially when it comes to lodging and dining in popular tourist areas.
However, depending on your travel preferences, you can get by on around HK$800 (US$100) per day by using local restaurants, less expensive lodging, and public transportation.
The Reasons Hong Kong Is Pricey
Accommodation:
The cost of real estate in Hong Kong is always among the highest in the world, which raises both the overhead for companies and the cost of lodging for visitors.
Tourist-Oriented Locations:
Naturally, the cost of dining and shopping is greater in upscale neighborhoods and tourist destinations like Central or Victoria Peak.
High Living Expenses:
The city is more costly than many other cities throughout the world, including several in Asia, due to its high cost of living, which impacts numerous products and services.
Strategies for Cost Management
Eat Locally:
To reduce meal expenses, choose neighborhood restaurants or street food rather than upscale cafes in downtown areas.
Make Use of Public Transportation:
To go about the city, take use of the effective public transit system, such as the MTR.
Think About Less Expensive Lodging:
To save money, stay in less visited locations, such the New Territories, or at inexpensive guesthouses.
Establish a Daily Spending Limit:
While mid-range tourists should spend HK$1,500–2,000 (US$190–260) per day, budget travelers might aim for around HK$800 (US$100) per day.
It is Dependent:
Although pricey by many international standards, Hong Kong has more reasonably priced choices for those on a tight budget who are prepared to go beyond the most apparent and expensive tourist traps.
Prices for Locals vs Tourists:
The cost of the same items or services might differ significantly across local communities and tourist destinations.