The shutters came down on this Wan Chai restaurant for the final time as it joined a growing number that could not survive the economic downturn that has hit Hong Kong. Photo: Nora Tam
Thousands left out of work as hundreds of Hong Kong restaurants close against backdrop of anti-government protests and tourism downturn
- Food and drink sector suffering as number of visitors to city plummets against backdrop of civil unrest
- Industry figures urge government to provide subsidies for struggling businesses
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Hong Kong protests
The shutters came down on this Wan Chai restaurant for the final time as it joined a growing number that could not survive the economic downturn that has hit Hong Kong. Photo: Nora Tam
An economist estimated that Hong Kong’s retail sector lost sales of about HK$1 billion – or about 25 per cent – over the past three days. Photo: Felix Wong
Hong Kong protests: economy lost an estimated HK$2.8 billion over ‘golden week’, experts say
- Sectors such as retail, dining and hotels may have lost as much as HK$1.9 billion over three-day holiday weekend compared to last year
- Expert also estimates MTR Corp lost around HK$500 million over the weekend, citing vandalism and loss of ticket revenue
Topic |
Hong Kong protests
An economist estimated that Hong Kong’s retail sector lost sales of about HK$1 billion – or about 25 per cent – over the past three days. Photo: Felix Wong