Hong Kong fireworks to light up city hoping for added spark of golden week
- City is pinning its hopes on holidays to boost economy and bring public cheer at challenging time
There is much to look forward to as Hong Kong formally lights up for a big party during the Mid-Autumn Festival and National Day holidays. The occasion also puts to the test the government’s ambitions to boost the sluggish economy and raise community spirits with more nightlife attractions, festivities and concessions in the coming months.
The experience will shed light on ways to further rebuild the city during these challenging times.
Revellers on Friday night flocked to the waterfront markets and parks across the city to enjoy the first restrictions-free moon festival of the post-Covid era. The vibrant atmosphere shall continue when Victoria Harbour is lit up with sparkling fireworks on Sunday night, for also the first time in recent years.
Again, there will be concessions when it comes to shopping, transport, dining and entertainment.
October’s “golden week”, also the first since Beijing lifted all its pandemic curbs, is much anticipated by businesses throughout Hong Kong. The holiday period for mainlanders began on Friday and will run until October 6, with arrivals expected to peak this weekend.
As many as 1 million people from across the border are set to descend on the city, according to industry leaders. The rate of overall hotel bookings is said to be nearly 90 per cent, and even higher for those premises located in prime tourist areas.
However, the actual economic benefits remain to be seen. Some observers believe the weak yuan and changing travel patterns may lead to visitors staying for shorter periods and spending less. There is growing concern that the city is losing its appeal in an increasingly competitive global tourism market, as reflected in the estimated 30,000 members of tour groups set to arrive, a relatively low figure compared to pre-Covid years.
Hongkongers are also expected to go north and overseas, though their time may be limited by the shorter holidays. But restaurants remain optimistic, with caterers saying there are enough customers to fill two dining sessions in the evenings.
Whether there is more to gain than lose for businesses during the days to come shall be closely watched.
Earlier, the government-initiated waterfront carnival suffered electricity supply problems, which resulted in a lack of business and financial losses for some vendors. Others are also upset that the “night vibe” attraction will be suspended for more than five hours on Saturday because of the fireworks.
Golden week will provide an excellent opportunity to lift public sentiments and see whether Hong Kong is on the right track to rebuilding itself. The government and the various sectors involved should review the experience and make any necessary adjustments.
