【Consumption Coupon Phase 2/PayMe/BoC Pay/Octopus/Octopus Cap/Alipay HK Alipay/WeChat Pay/Tap & Go】The government distributed the second phase of consumption coupons today (7th) to the catering, retail and bar industries. Said that the business volume recorded an increase of 10-30%.
However, Huang Jiahe, president of the Hong Kong Restaurant Association, said that due to the weak economy in Hong Kong and the impact of external economic factors, people's retaliatory consumption has become a thing of the past, and they tend to spend cautiously, mainly buying daily necessities.
Qian Junyong, chairman of the Hong Kong Bar Industry Association, also pointed out that only by allowing bars to open until 4 am and open live performances can the business volume be expected to increase by 30%. Otherwise, the business increase driven by consumer coupons is expected to be short-lived.
▼On August 7, the government issued the second stage of consumption coupons▼
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The catering industry is confident to obtain 7.5 billion consumer coupons
The fifth wave of the epidemic broke out at the beginning of this year, and the catering industry was banned from operating dine-in dinners, failing to benefit from consumption coupons.
Huang Jiahe, president of the Hong Kong Catering Association, said that he is confident to obtain 25% of the total amount of the coupons this time, about 7.5 billion yuan, which is higher than the 15% last time.
As for the business volume of the catering industry today, it has increased by more than 10% compared with last Sunday, but it is not as good as 20% to 30% in the past.
"It's not as exciting as I expected, and I haven't made a big purchase."
Citizens prudently consume and repurchase daily necessities
Huang believes that due to the weak economy in Hong Kong, the continuing high level of the epidemic, the unemployment rate still close to 5%, and the impact of interest rate hikes in the United States, compared with the previous distribution of consumer coupons, the public's desire to consume has decreased significantly this time, and they tend to be cautious. Going to supermarkets, markets and other retail stores to buy daily necessities, "retaliatory consumption has been the situation of the previous year and the year before." He hopes that all Hong Kong merchants and restaurants will launch more special offers to stimulate the consumption atmosphere in the society.
Shao Ka-fai, a legislator from the wholesale and retail sector, believes that the distribution of the 5,000-yuan consumer coupons in two installments will prolong the economic boost.
He also called on the business sector to introduce more long-term discounts to enhance the public's desire to spend.
However, he said frankly that the premise for the full recovery of consumption in Hong Kong lies in the early control of the epidemic and full customs clearance.
The bar industry association expects a short-term increase in business by 20%: only a flash in the pan
Qian Junyong, chairman of the Hong Kong Bar Association, predicts that the bar industry can benefit from consumer coupons in the short term, and the business volume is expected to increase by 20%.
However, he pointed out that the current epidemic has not rebounded significantly, and the authorities are considering relaxing the entry quarantine period, which is a good time to relax the third-phase epidemic prevention measures.
Qian pointed out that only if bars are allowed to open until 4 am and live performances are open, the business volume is expected to increase by 30%; otherwise, with the indefinite customs clearance in the Mainland and overseas, the increase in business driven by consumer coupons is expected to be short-lived.
Shopping mall traffic increased by 12% compared with last Sunday
As for shopping malls, SHKP announced that the 12 major shopping malls in SHKP, led by East Point City, North Point Plaza, and Sheung Shui Plaza, saw an increase of more than 12% and 15% in the flow of people and vehicles respectively today, and the business volume of merchants also increased by 20%.
Shatin New Town Plaza, also owned by SHKP, also announced that the flow of people and business volume today increased by 12% and 15% respectively compared with the same period last year.
▼August 7th, the first day of the distribution of consumer coupons, the market situation of the Golden Plaza▼
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Consumption coupons｜Some people spent 2,000 yuan to buy a Switch on the first day, luxury merchants said they were less eager to spend last time coupons｜The restaurant was crowded and tea customers complained that the first batch of distribution amount “shrinked” and discouraged consumers. Consumption coupons benefited 6.36 million people The total amount is 30 billion Chen Maobo: 13 billion yuan of consumption power consumption coupons will be injected on the same day.
