香港零售管理协会：国庆黄金周零售表现稳定 市民消费力较预期好

Core Insights - The recent Golden Week holiday saw over 1.394 million mainland visitors to Hong Kong, indicating a recovery in tourism [1] - Retail sales in Hong Kong, particularly in gold and cosmetics, experienced low double-digit growth, suggesting a gradual stabilization in the local retail market [1] - Despite the increase in visitor numbers, the spending power of tourists remains weak, with shopping being a secondary activity to in-depth travel experiences [1] Retail Performance - The retail management association noted that local consumer spending is better than expected, with fewer residents traveling abroad, which positively impacts overall business [1] - Tourist areas such as Tsim Sha Tsui, Mong Kok, and Causeway Bay showed increased foot traffic, with Tsim Sha Tsui performing the best [1] - Although some retail categories experienced declines, the overall trend is a stable increase, driven by gold and cosmetics sales, which are influenced by rising gold prices [1] Market Dynamics - The chairman of the retail management association agreed with the Financial Secretary's view that the retail market is stabilizing, but highlighted that the total sales value in August was only around 30 billion, indicating limited growth [1] - There are variances in performance across different retail categories, with some experiencing single-digit increases or decreases [1]