Hong Kong records first decline in number of licensed restaurants in 6 years

Quick Summary:

The number of licensed restaurants in Hong Kong has dropped year on year for the first time in six years, a South China Morning Post analysis has found, with experts attributing the decline partly to locals travelling to mainland China and tourists preferring lighter food options such as street snacks.

"We attribute this decline partly to the increasing tendency of Hong Kong residents to travel northbound, particularly to Shenzhen," said Cathie Chung, senior director of research at JLL in Hong Kong.

But, like many others, the entrepreneurial plan was hit hard by another wave of Covid-19 outbreaks in early 2022, and the restaurant failed to make a profit for a long time following the high cost of the initial renovation fee of the village house.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaHong Kong

Topics: Number Food Last Decline Restaurant Kong Restaurants Year April Hong Licences

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 14:11:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 704 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28432424

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