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

Hong Kong retailers anticipate significant sales growth during the National Day "golden week" holiday, with some expecting double-digit increases. However, industry leaders are tempering these expectations, warning that the projected influx of approximately 1.29 million mainland Chinese visitors between October 1 and 7 may result in more modest overall sector gains. This cautious outlook stems from concerns that tourists will remain hesitant to spend freely. While average daily arrivals are expected to surpass last year's figures, the cautious spending habits of visitors are a key factor influencing the projected sales performance.