Lunar New Year: Singapore restaurants see strong festive demand even as Covid-19 curbs persist

As the world marks the start of the Year of the Tiger on February 1, the question for Asia’s food and beverage industry: Will Lunar New Year be as good for business as it was before the Covid-19 pandemic?Last year, consumers in China spent around US$127 billion on Lunar New Year-related dining and shopping, according to China’s Commerce Ministry. That figure was 29 per cent higher than in 2020, but marked a decrease from 2019’s US$158 billion.This year, even as pandemic restrictions on travel…

Read the original article at South China Morning Post