Hong Kong residents made 1.84 million outbound trips between Thursday and Saturday, the second day of the Easter long weekend, representing a 10 per cent increase from the same period last year.
A catering industry representative forecast a potential 30 per cent decline in business during Easter compared with last year, attributing the fall to the trend of residents heading to mainland China to spend as well as weakened buying power amid market volatility due to the US tariff war.
Last year, residents had made 1.68 million trips by the end of the second day of the Easter break. The latest figures also mark a 20 per cent rise from the 1.4 million trips recorded in 2018, before the 2019 social unrest and the start of the Covid-19 pandemic.
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