Expected change in spending during Spring festival in Hong Kong 2022-2024

Published by Agne Blazyte, Feb 12, 2024
According to a series of surveys conducted in Hong Kong annually before the Lunar New Year, more respondents expected their holiday shopping expenditure to be higher in 2023 and 2024 in comparison to 2022. In 2024, 35 percent of respondents expected increased spending, whereas only 19 percent thought so in 2022.

Expected change in expenditure during the Spring festival in Hong Kong from 2022 to 2024

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Release date

February 2024

Region

Hong Kong

Survey time period

January and February 2022 to 2024

Number of respondents

704 respondents

Age group

15 years and older

Method of interview

Telephone interview

Supplementary notes

Survey question:
Do you expect your spending during this Chinese New Year to [insert: increase; decrease, be almost the same; no opinion] compared to the previous year?

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Topics

Lunar New Year in ChinaE-Commerce in ChinaHoliday season e-commerce in the United StatesRetail industry in ChinaCoronavirus COVID-19 in China
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