In the past three months, Hong Kong has seen the number of tourists from the mainland plummet. And the slump is feared to get worse for the coming May Day Holiday.

During the three-day holiday, the number of mainland tourists is expected to plunge by 30 percent from the same period last year. That's mainly down to the cancellation of multiple entry permits for Shenzhen residents, the strong Hong Kong dollar and easier visa procedures to go to Japan and South Korea.

Over a thousand hotels in Hong Kong say only 50 percent of their rooms have been booked for the holiday. This comes despite numerous discount offers from travel agencies and hotels.

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