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Hong Kong's catering industry is currently experiencing severe operational pressures due to an economic downturn, with business conditions reportedly deteriorating beyond those experienced during the pandemic, as stated by industry leaders.
Simon Wong Ka-wo, president of the Hong Kong Federation of Restaurants & Related Trades, mentioned on a local radio program that the weakening of local consumer spending and the increasing trend of residents spending in mainland China are posing significant challenges. Despite a rise in tourist numbers this year, Wong pointed out that they still fall 20 percent short of pre-pandemic levels, further exacerbated by a notable decrease in average visitor spending.