Hong Kong restaurant sales fall 10% over Christmas as cross-border trips hit 1.2 million

Hong Kong’s food and beverage sector recorded a 10 per cent year-on-year drop in business over the Christmas period, an industry leader said, as 1.2 million trips were made through the city’s borders on the first day of the long holiday. But the city’s hospitality sector appeared to fare better, with one hotel group saying two of its properties recorded more than 90 per cent occupancy and a slight rise of 5 per cent in room tariffs. Simon Wong Ka-wo, president of the Hong Kong Federation of...