Hong Kong’s catering sector and hoteliers are expecting a business boost during the Labour Day “golden week” holiday from May 1 to 5, with industry leaders hoping the growing trend of mainland Chinese visitors hiking and sailing yachts will bring a windfall to seafood restaurants in Sai Kung and the outlying islands. The industry leaders…
Christmas celebrations will be muted in Hong Kong following the city’s deadliest fire in seven decades, business leaders say, as they try to balance the need to generate revenue with public mourning for the 160 victims. After the inferno that tore through Wang Fuk Court in Tai Po on November 26, many parties, gatherings, concerts…
Hong Kong has long been celebrated as a shopper’s paradise, known for its luxury brands, bustling markets, and vibrant urban energy. However, recent discussions highlight a pressing concern: The retail industry appears stagnant, necessitating rejuvenation through innovative customer experiences. During a recent conversation among local business community members focused on retail, one participant encouraged me…
More than 1.4 million mainland Chinese passenger trips were made to Hong Kong during the country’s National Day “golden week” holiday, official data has shown, but a sector representative said tourists’ spending power remained weak despite the increased numbers. According to the latest figures from the Immigration Department, the number of inbound trips made by…
Hong Kong’s strong tourism rebound has driven a steady recovery in retail sales and the government will keep up the momentum with a packed calendar of mega-events in the coming months, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday the government would work with different sectors to attract more…
Vicious cycles are difficult to break. As Hong Kong scrambles to identify and chip away at factors behind a wave of closures in catering and food production, lowering commercial rents may be a logical next step. A recent high-profile victim of the spiral was City’super’s Amazing Food Hall in the upscale Times Square shopping centre…
Former Hong Kong leader Leung Chun-ying has urged landlords to lower rents as the city’s commercial property vacancy rate hit a 40-year high and retailers cried foul over being forced to close businesses to stem losses. In his social media post on Thursday, Leung pointed to the rate of vacant commercial buildings in the city,…