Impact of Residents Heading to Mainland China and High Rent on Hong Kong Restaurants
Sunday, 31 March 2024, 09:39
Impact of Residents Heading to Mainland China
Hong Kong restaurants faced a substantial decrease in business during the Easter holiday, with one operator reporting a 30% drop compared to the previous year.
Key Factors:
- Residents' Migration: Residents heading to mainland China during the holiday period adversely impacted restaurant footfall.
- Rising Rent Costs: High rent prices in Hong Kong added to the financial strain on restaurant operators.
- Business Response: Some establishments had to grant their staff a day off due to the decline in business.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.