Hong Kong, 18th August: Pacific World, a global destination management company, will cease operations in November after 40 years in the business. A note was recently sent to clients and partners outlining plans to close down the Hong Kong office in September and wind-up the business before the end of the year.

The company had been operating in Hong Kong since 1981 and has operations in 30 countries. The decision to cease operations was entirely due to the COVID-19 disruptions to the “global tourism industry in the past few months.” According to various media reports, its offices in Thailand have already closed and more of its Asian operations will follow in the coming weeks.