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Hong Kong for Chinese New Year 2015

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My husband and I will be in Hong Kong for 4 nights over CNY before heading to Vietnam to celebrate my 40th. We arrive the evening of 2/20 (Friday) and depart the afternoon of 2/24 (Tuesday). I've read a few older threads on this topic but of course have questions.

1. I understand that most places will be closed for the first 2 days (which I think are 2/19 and 2/20) but then shops, restaurants etc reopen on the third day of the festival which in this case would be Saturday 2/21. Can anyone confirm?

2. We have the Po Lin monetary and Big Buddha on our list. I think these are open everyday including public holidays. Is there a better day to visit in terms of crowds?

3. I was hoping to book a guided food tour but am concerned about availability / tour companies closing for the holiday. Feel free to share any suggestions or recommendations for a tour guide!

4. Any suggestions for our third full day? Wet markets, flower markets, etc? Should we try to visit the Chi Lin nunnery and Nan Lian Garden? This is our first trip to Hong Kong and we are primarily interested in food and culture. And my husband is a huge history buff.

5. Finally, I'm thinking of staying at the Ovolo hotel on Arbuthnot Rd in Central Hong Kong? Thoughts? Would Kowloon be a better location? Hoping to stay under $500 a night (under $400 would be even better).

Thanks in advance!

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