Bookings up but bottom lines flat for Hong Kong reunion dinners

Hong Kong restaurateurs expect earnings from family reunion dinners in the lead up to Lunar New Year to either remain stable or decline compared with last year despite an increase in bookings, citing a weak economy and a preference among customers for more affordable menu options. Lee Kwong-hoi, CEO of Star Seafood Restaurant Group, which runs 14 outlets across Hong Kong, said while bookings for reunion dinners had risen by 10 per cent year on year menu prices continued to hover around HK$3,000...

By Ambrose Li