Zeman: 'sad, Quiet' Holiday Leaves Industry On Brink

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2022-02-04 HKT 09:25

Share this story

facebook

  • Allan Zeman says business was as 20 to 25 percent of the usual level during the Lunar New Year holiday. File photo: RTHK

    Allan Zeman says business was as 20 to 25 percent of the usual level during the Lunar New Year holiday. File photo: RTHK

The chairman of the Lan Kwai Fong group, Allan Zeman, said on Friday that the restaurant trade saw a 'sad and quiet' Lunar New Year, with business between 20 and 25 percent of the usual level.

The government last month banned evening dine-in services, limited the maximum number of diners at a table to six and ordered businesses including bars, gyms and cinemas to close to fight a fifth wave of Covid-19 infections. That led many people to gather at home or reduce family visits during the three-day holiday.

Speaking on RTHK's Hong Kong Today programme, Zeman said the industry was in a dire situation after missing out on what is usually one of the busiest trading periods of the year.

"You know, it's become very, very dire for the whole industry, including bars, clubs, restaurants, gyms," he told RTHK's Ben Tse. "If subsidies are not forthcoming quickly there will be a huge amount of bankruptcies."

Zeman said the government's vaccine bubble system had worked well for bars and clubs before, and a plan to extend it to most premises would be a way of getting back to some kind of life. Officials have said they will make it mandatory for people to have at least one jab to enter most premises from February 24.

"At the moment, I know the so-called health experts, everyone has a different opinion of what to do," Zeman added. "I've heard many different things.

"But I think we need to balance that with maybe three or four business experts as well, who can balance between the health and the way forward, because otherwise Hong Kong itself will die. It will not exist."

RECENT NEWS

Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028

Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more

SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets

The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more

WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency

WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more

Fusion Bank Completes Core Banking System Migration In 10 Months With Tencent Cloud

Fusion Bank, a licensed digital bank in Hong Kong, has completed its migration to a new core banking system in collabor... Read more

Hong Kong Banks Can Begin Issuing Credit Cards In Mainland China From March 1

Hong Kong banks’ mainland credit cards will soon be available in mainland China, marking a significant step towards d... Read more

SFC Introduces ASPIRe Roadmap To Strengthen Virtual Asset Market In Hong Kong

The Securities and Futures Commission (SFC) outlined 12 key initiatives under the SFC virtual asset ASPIRe roadmap to e... Read more