Top 10 Hong Kong restaurant trends

Hong Kong has long billed itself as the culinary capital of Asia. It’s a subjective boast that is rooted largely in the fact that in past generations, the Cantonese diaspora blanketed the globe so comprehensively and with such speed that Cantonese cuisine in some shape or form came to exist in every single far-flung corner of the globe.

Hong Kong, as the hub of this culinary wheel, capitalized on the newfound prominence of its cuisine and offered it in its purest form, from the thrill of the dai pai dong to the opulence of the cavernous dim sum hall.

Meanwhile, as the city grew as a financial and logistical hub, it also grew as an internationally-inclusive culinary destination born out of a combination of expense accounts and demand from homesick expatriates and émigrés for the flavors of home, a place that ranged from the glittering canyons of Park Avenue to the docks of Goa.

These days, the dining scene in Hong Kong is still rooted in classic Cantonese fare, but there are countless layers on top of this, and a quick walk down random streets showcases Hong Kong’s other claim of being Asia’s world city.

When the Michelin Guide first covered Hong Kong in 2009, it felt like a stamp of authority. The dining scene has since continued to grow in stature, and this ongoing growth has resulted in a rapid evolution.

To document this evolution, we glance at a snapshot of today's dining scene and take stock of 10 current dining trends in Hong Kong.

Also read Delicious, decadent and discounted: Hong Kong Restaurant Week .

2. Everyone's a critic: the smartphone and social media effect

We’ve all seen them. They’re at the next table, taking photos of everything from the first amuse-bouche to the last dessert crumb. They’re on their smartphones the entire meal, liveblogging every bite. Even you may have engaged in this behavior from time to time.

Also read How the iPhone has ruined my lunch .

4. The kiss of death: high rent

This being Hong Kong, upward rent pressure features in two of our trends.

“High rent squeezes our ability to do anything very, very good,” says Paul Hsu, executive director of Elite Concepts , a restaurant group whose portfolio includes Michelin-starred restaurants yè shanghai and Nanhai No. 1.

“It marginalizes the quality of the operators and the restaurants because so much of your bill is paid on rent.”

5.

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Top 10 Hong Kong restaurant trends
Top 10 Hong Kong restaurant trends

But if you think about it, all cuisines have overlapped with others in some way over the course of history, and all have lent or derived some semblance of influence. Noticeable of late is a disproportionate flow of influence from East to West.



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Historically, we all have seen that markets goes up and some times bubbles up, and goes down for a correction, some times south into recession.. .This is quiet natural to happen.. be it housing market or money market. We all know that Housing market needs a correction from those days where prices went up by $20,000 a month for several months without any control driven by easy credit, 0 down and stupid stated income policies.. Sure enough.. market started to correct itself after the credit become tight and lot of folks who jumped on to buy house at the top of peak went under water due to drop in the value of their homes... Here comes the obama housing rescue plan.. what are they trying to do here? trying to maintiain the bubble by encouraging more credit and spending.. working against natural correction of home prices towards south. US does not produce any consumer goods, its all China..if you don't produce you don't sell and if you don't sell you don't make an income, and if you don't make an income you don't pay taxes...plain and simple. So, what do we do, Borrow and spend.. but remember, the interest obligations will grow to suck the dollars away from goods and services that it purchases. (Folks are in China now :D) It was all good when Consumers and Government borrowed, as long as they could find someone to lend and collectively could spend. During the bubble, banks lent to consumers freely and foreigners lent to Government until banks and foreigners realized we simply borrowed too much slowed lending as it became much more difficult to service the debt. Now banks are not lending to consumers with less than best rating and the government is forcing banks to lend to consumers by loaning banks TAXPAYER money at 1/4% and the banks loan it right back to us at 4.5 yo 5.5% now. How about that? :D:D Due to lack of credit for non-government sector, of US economy...private sector is becoming much poorer much faster creating an imbalance in the society. Mathematically private sector going south will continue due to the very high leverage on the Private Side as more and more dwindling dollars are simply allocated to paying interest due to less revenues. With time a greater and greater percentage of a troubled economy will be directly consumed by rising interest payments resulting in less Because, Right now a huge portion of government spending is feeding the poor, housing assistance, and providing medical care to the poor and elderly.


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