'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

Manulife Names Wilton Kee As CEO For Hong Kong And Macau

Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more

Banks Are Not Ready For AI | Singapore AI CxO Roundtable

In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more

Mizuho Bank To Invest In Rakuten Bank In October

Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more

Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses

Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more

SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen

The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more

Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China

Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more