'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

EDENA Unveils AI System To Automate Sovereign Asset Settlement

At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more

Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls

Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more

Japans PayPay Files For US IPO, Targets Valuation Above US$10B

SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more

Inference Research Launches In Hong Kong With US$20M Seed Funding

Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more

London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion

London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more

SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership

SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more