Catering Industry Grows 15% on National Day Celebrations
Tuesday, 1 October 2024, 13:00
Catering Industry Growth Driven by National Day
The catering industry experienced a 15% increase in business on National Day, thanks to various promotional offers.
Celebratory Promotions and Increased Footfall
- Over 3,600 outlets offered discounts up to 30%.
- Chairman Michael Leung stated that there was a notable impact from these offers.
- Tourist influx from mainland China helped boost restaurant revenues.
Positive Market Indicators
- Hong Kong's catering businesses anticipated revenue reaching HK$300 million.
- The Hang Seng Index rose by 2.4%, reflecting improving market sentiment.
With expectations of a further 10% increase during the seven-day golden week, the industry's prospects appear bright despite some challenges posed by consumer behavior shifts amid easing restrictions.
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.