'Restaurants Lose Business As HKers Travel Abroad'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2023-04-10 HKT 12:34

Share this story

facebook

  • Simon Wong, a catering sector representative, says a new round of consumption vouchers should help their business. File photo: RTHK

    Simon Wong, a catering sector representative, says a new round of consumption vouchers should help their business. File photo: RTHK

A catering sector representative said on Monday that restaurants have seen a 15 percent slump in trade over the Easter holiday, when compared to just before the break.

The head of the Federation of Restaurants and Related Trades, Simon Wong, said that’s because many Hongkongers have travelled abroad over the long weekend.

He added that poor consumer sentiment is also to blame.

"I have talked to several restaurant owners and operators, and they told me that their business had dropped by at least 30 percent in the evening, especially for the Chinese restaurants," Wong told RTHK.

But he pointed out that a new round of consumption vouchers, to be distributed on Sunday, should provide some help.

"This will be a boost to the economy, especially for the catering and retail business, and I expect that we will get about 25 or at least 20 percent of the share."

Wong also noted that the number of mainland visitors coming to Hong Kong is still substantially lower than pre-Covid levels, and the city needs to do more to attract overseas tourists.

RECENT NEWS

Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity

Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more

BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom

BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more

Webinar: When Account Takeover Moves Past Onboarding

Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more

JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson

JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more

Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term

The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more

Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal

Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more