Hong Kong: Food Service - Hotel Restaurant Institutional

  |   Attaché Report (GAIN)   |   HK2023-0031

Hong Kong reopened its borders to the world in late 2022, and with mainland China in early 2023. The slow return of inbound tourism has positively improved the situation of the local hospitality and food service sectors. In 2022, Hong Kong’s restaurant receipts dropped 6.4 percent to $11.1 billion compared to 2021 but still above the $10.2 billion in 2020. While inbound tourism has yet to recover to pre-pandemic levels, these sectors continue to adapt to labor shortages, changes in consumer behavior, and high food prices. The Government has launched the "Happy Hong Kong" campaign and organized different activities or promotions across the city to encourage domestic consumption and also the “Hello Hong Kong” campaign to attract more tourism to the city. Hong Kong’s economy is expected to continue recovering and grow between 3 – 5 percent for all of 2023.

Related Reports

Chinese buyers are traveling back to the United States and showing strong interest in U.S. products. Since the reopening of China to travel, four delegations have participation in reverse trade missions to the United States with many others traveling...
Attaché Report (GAIN)

United Kingdom: UK Import Controls Update

The United Kingdom's Border Target Operating Model, its post-Brexit system of import controls on animals, animal products, plants, and plant products, is set to come into effect on exports from the EU on January 31, 2024, and from the rest of the...
South Africa’s sorghum imports are expected to be elevated over the next two marketing years on lower production coupled with lower stocks as production continues to decline. Sorghum production in South Africa dropped over the past two decades as...