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Christmas Day|The catering industry's single-day business volume reaches 400 million, and the price increase of artificial ingredients and 15% is difficult to offset

2021-12-27T12:09:05.149Z


Three consecutive Christmas holidays are about to pass, and the remaining few days will usher in 2022. Huang Jiahe, president of the Hong Kong Federation of Catering Industry Association, said today (27th) that the market is prosperous during the Christmas holiday this year, setting a good record since 2017. It is estimated that


Three consecutive Christmas holidays are about to pass, and the remaining few days will usher in 2022.

Huang Jiahe, president of the Hong Kong Federation of Catering Industry Association, said today (27th) that the market is booming during the Christmas holiday this year, setting a record since 2017. It is estimated that on Christmas Eve and Christmas Day, the industry's business volume is as high as 400 million yuan.

However, he revealed that due to the increase in food prices and employees' salaries, restaurants have increased their prices by an average of 15%. Some restaurants with lower profit margins cannot compensate for the increase in costs.


In the retail industry, Shao Jiahui, a member of the Legislative Council for the wholesale and retail sector, said that this Christmas has double-digit growth compared to the same period last year, but it has not yet returned to the level before the epidemic.

He believes that electronic consumer vouchers accounted for the greatest contribution, which increased the public's desire for consumption, exceeding expectations by 70% in the past.

Therefore, he appealed to the government to "add overweight" during the Lunar New Year and distribute another 3,000 yuan in consumer coupons.


▼12.25 Christmas atmosphere in West Kowloon Cultural District▼


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Christmas business hits a new high in 2017, the hotel buffet is the most explosive

The epidemic situation in Hong Kong is stable, and the Christmas holiday is overwhelmed by people everywhere compared to last year.

Huang Jiahe said that during the Christmas holidays, the market was prosperous. Among them, Western restaurants and hotel buffets were the most full, which even set a good record since 2017.

He estimated that on Christmas Eve and Christmas Day, the business volume of the catering industry is as high as 400 million yuan, which is about 20 million yuan more than the winter solstice; and yesterday (26th) the gift opening day also maintained 350 million yuan.

Huang Xuhui pointed out that this year's Christmas market is more ideal than 2018 before the epidemic and social movements. This can be attributed to the electronic consumer vouchers that drove consumer desire, and that the people who were closed down could only stay in Hong Kong for consumption.

He calculated that if the per capita consumption for Christmas is about 1,000 yuan, 500,000 people will add 50 million yuan to the industry's business.

▼12.25 Christmas, citizens go out to celebrate▼


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Manpower shortage exceeds demand. The hourly wage for part-time jobs on holidays has soared by 50% to 120 yuan compared with 18 years

However, in addition to the above factors, Huang revealed that due to the average increase in the price of food ingredients by 15%, and the impact of the earlier epidemic, many employees switched to or retire, and there were too many monks and porridges, especially during holidays and holidays. The demand for manpower increased sharply. The hourly wage for part-time jobs increased from 80 yuan in 2018. Up to now 120 yuan, an increase of up to 50%.

Therefore, the industry also adjusted prices accordingly. The average price increase this year was 15%. Among them, hotel buffets increased the most. "In the past, the average price was 680 mosquitoes, but this year it was close to 800 mosquitoes." The increase in cost.

As 2022 is approaching, Huang said that many restaurants have already booked full appointments on New Year's Eve, so he is optimistic about the business volume of the industry at the end of the year.

Although he estimated that growth may slow down in January next year, he believes that as the Chinese New Year approaches, spring teas and banquets increase, the industry's business volume can be maintained.

Cold weather during Christmas holidays drives sales of clothing and heaters

In the retail industry, Shao Jiahui also said that sales during the Christmas holiday this year are optimistic, with double-digit growth compared to the same period last year, but they have not yet returned to the level before the epidemic.

He believes that the control of the epidemic, the easy-going social atmosphere, the issuance of final consumer vouchers, the citizens staying in Hong Kong for consumption, and the cold weather are all factors that are conducive to a more prosperous market.

He specifically mentioned that due to the sudden drop in temperature during the Christmas holidays, sales of clothing and electronic products, including heaters, induction cookers, etc., are driven. "If you freeze it for a day or two, the public will have an excuse to buy it."

But unlike the catering industry, Shao said that about one-third of the retail industry's business volume is dependent on tourists. Under zero tourists, the business volume can only recover to 70%. Therefore, the industry will not increase the price, but instead offers a 30% or 20% discount. .

He believes that electronic consumer vouchers accounted for the greatest contribution, which has increased the consumer's desire to exceed expectations. "The sales of tourists have gone to (previously) 70%. It is Extra. All Hong Kong people have gone out for consumption."

▼12.24 Christmas Eve Lan Kwai Fong celebrates crowds▼


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Shao Jiahui urges the government to distribute another 3,000 yuan consumer voucher during the Lunar New Year

Shao continued that in addition to helping the industry recover, electronic consumer vouchers have a knock-on effect that helps the government increase tax revenue and reduce fiscal deficits.

Therefore, he suggested that the government "overweight" during the Lunar New Year and distribute another 3,000 yuan in consumer coupons to "sell bricks to attract jade" to make the public more willing to spend. Experience can improve the distribution arrangement.

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Source: hk1

All news articles on 2021-12-27

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