Retailers expect ‘golden week’ sales growth, but trade groups warn of modest gains

AI Summary

Hong Kong retailers anticipate increased sales during China’s National Day “golden week,” with some forecasting double-digit growth. Industry groups caution that mainland visitors may spend conservatively, limiting gains despite an estimated 1.29 million arrivals from October 1 to 7.

Some Hong Kong retailers are forecasting double-digit sales growth over the National Day “golden week” holiday, but industry leaders have warned that the expected influx of mainland Chinese visitors may deliver far smaller gains across the sector as tourists remain cautious about spending. The cautious outlook came after authorities estimated that about 1.29 million mainland visitors were expected between October 1 and 7, with average daily arrivals projected to exceed last year’s figure by more...