Travel-starved Revellers Boost LKF In Holidays

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

Related News Programmes

"); });

2022-01-03 HKT 09:34

Share this story

facebook

  • Revellers enjoy New Year's Eve fun outside bars in Lan Kwai Fong. Photo: AFP

    Revellers enjoy New Year's Eve fun outside bars in Lan Kwai Fong. Photo: AFP

The chairman of the Lan Kwai Fong Group says the bar and nightlife district did record business during the Christmas and New Year period, as travellers stayed in Hong Kong for the holidays and spent their money on dining and partying.

Allan Zeman told RTHK's Hong Kong Today programme on Monday that business during the holidays was up 25 percent on pre-pandemic levels.

The bar industry had suffered because of social distancing measures, but Zeman said business had picked up in the previous six months as quarantine requirements made international travel difficult.

"It was a record year for the bars and restaurants," he told RTHK's Samantha Butler. "I guess the fact that less people can travel outside and more people stayed in Hong Kong ... they just went out and released all their pent-up desire to travel and went out and spent money on both Christmas and New Year."

Zeman also said the bar industry had little to fear from the introduction of its vaccine bubble arrangement to the industry early this year. Under rules to be introduced before Lunar New Year, people will have to show they've received at least one vaccine dose to enter restaurants, gyms, cinemas, beauty salons and libraries.

"If we look at the statistics, most of the people who have not been vaccinated, I think 20 percent, are over 80, and ... they're not really your customer base, especially in the Lan Kwai Fong area.

"I think people adjust to it now. Every club, bar, restaurant makes sure that people are vaccinated."

RECENT NEWS

SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion

SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more

4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA

The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more

Ripple Launches RLUSD Stablecoin In Japan Through SBI Group

Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more

SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan

SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more

Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences

Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more

European And South Korean Banks Form Project Pangea For FX Settlement

Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more