HONG KONG - Hong Kong said it will scrap its controversial COVID-19 hotel quarantine policy for all arrivals beginning Monday, more than 2.5 years after it was first implemented, in a long-awaited move for many residents and businesses in the financial hub.

All international arrivals will be able to return home or to accommodation of their choice but will have to self-monitor for three days after entering the Chinese special administrative hub.

They will be allowed to go to work or school but will not be allowed to enter bars or restaurants for the period. A preflight PCR test which was required for travelers to Hong Kong 48 hours before flying will be replaced by a rapid antigen test.

The former British colony is a global outlier outside mainland China in imposing hotel quarantine for international arrivals, in line with the country's 'dynamic zero' COVID strategy.

Business groups, diplomats and many residents have slammed the city's COVID-19 rules, saying they threaten Hong Kong's competitiveness and standing as a global financial center.

All international arrivals currently spend three days in a self-paid hotel followed by four days of self-monitoring during which they are allowed to move around the city. Hotel quarantine was as much as three weeks before being gradually eased earlier this year.

The rules have weighed on Hong Kong's economy since early 2020 and fueled an exodus of both expats and local families. Some 113,000 people have left since mid 2021, according to government figures.

Scores of flights have stopped operating to and from Hong Kong, which used to be one of the world's busiest and most efficient airports.

The city has lost its position as a global aviation hub due to China's zero-COVID policy, the head of airlines group IATA said this week.

Scores of events have been canceled or postponed, although Hong Kong is planning to host a major finance conference and the international Rugby Sevens in November.

Bankers have said quarantine-free travel is a precondition for attending the conference.

Both events have been widely seen as a bid to show that Hong Kong can resume business as normal.

Rival financial hub Singapore is hosting a slew of high-profile conferences this month that has seen business for hotels and restaurants boom, while Taiwan and Japan announced this week an easing of COVID-19 restrictions for international travelers set to take effect in October.

Hong Kong has reported more than 1.7 million COVID infections and 9,934 deaths since the pandemic began.

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