Catering Industry Boosts Restaurants' Business on National Day with 15% Increase

Tuesday, 1 October 2024, 13:00

Catering industry reports a surge of up to 15% in restaurants' business on National Day, driven by promotions and celebratory events. The Hong Kong Federation of Restaurants anticipates continued growth during the golden week, bolstered by a positive cultural atmosphere and increased tourism.
Scmp
Catering Industry Boosts Restaurants' Business on National Day with 15% Increase

Catering Industry's Celebratory Growth

On National Day, the catering industry in Hong Kong experienced an impressive uptick in business, with restaurants reporting increases of up to 15%. Various promotional offers across over 3,600 establishments led to a noticeable influx of patrons, particularly in Wan Chai and shopping complex areas.

Impacts of Promotions

  • Michael Leung Chun-wah, from the Association for Hong Kong Catering Services Management, noted that promotional activities significantly enhanced the restaurants' performance.
  • Projected revenues for the day were estimated to be around HK$300 million (US$38.6 million).
  • Sun Hung Kai Properties reported a 5% increase in foot traffic at its 15 shopping centres, indicating a broader positive trend in local business.

Continuing Momentum During Golden Week

As **National Day** celebrations culminate, there is optimism for sustained growth during the upcoming golden week. With over 1,000 mainland Chinese tour groups visiting, **local restaurants** are expected to benefit from increased patronage.


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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe