Hong Kong: The Impact of Continuing Protests on the Food and Beverage Business

Hong Kong has experienced ongoing protests with escalating violence every weekend since June 2019. Hong Kong government officials have warned that these protests have pushed Hong Kong to the brink of an economic downturn. Hundreds of restaurants have closed because the number of diners has declined as people eat at home and some restaurants have been unable to operate for days if they are located near large-scale protest activity. More closures are anticipated in the coming months. Inbound tourism has simultaneously dropped 34 percent in September compared to the previous year. The most worrisome aspect is that there is no sign of these protests dying down due to the largely unattainable demands of protesters. 

Hong Kong: The Impact of Continuing Protests on the Food and Beverage Business