Tag: Valentines Day

  • How much do Hongkongers spend on Valentine’s Day?

    How much do Hongkongers spend on Valentine’s Day?

    If you were in Hong Kong for Valentine’s Day you must have seen cascades of flowers around the city, couples flooding the restaurants, and inevitably thought: “love is definitely in the air”. You were actually right. Hong Kong is one of the top Asian markets for sentimental spending according to the Mastercard Love Index, showing continued growth since 2016 and some intriguing behavioural insights.

    Now, whether you think of it as the most romantic day of the year or a sickening slog, it’s undeniable that Valentine’s Day is a big deal for people splurging on their loved ones, and in Hong Kong even more so. The Mastercard Love Index has gathered data from credit, debit, and prepaid card transactions from the last three Valentine’s Day holiday periods(11th-14th February 2016-18) to discover the change in how fluffy feelings have translated into cold hard cash.

    The results show that since 2016, Hong Kong ranks third in growth for sentimental spending at 62%. China takes the top spot at 88% followed by Japan at 68%, which had a 35% surge. Overall across Asia-Pacific, sentimental spending has jumped up 33% with Valentine’s Day period transactions rising by 37% since 26%

    What was the biggest increase seen? Flowers of course. Since 2016 spend value on the holiday staple has gone up by 89% with 73% more transactions. In comparison, Hong Kong transactions for the pretty petals went up by 46% with total spend rocketing up by 93%.

    Here are some other interesting insights about Hongkongers from the research:

    Hongkongers aren’t early Valentine’s shoppers. Last minute buys for gifts are the norm with the 28% majority of sales happening on the day itself.

    Restaurant dates are still a growing favourite and getting flashier. Transactions in restaurants have grown by 20% since 2016 with the amount spent at meals up by 30%.

    More romantically, there has been a huge increase in couples popping away for romantic trips for Valentine’s Day. Transportation transactions showed a 205% increase in 2018, making up a significant 23% of the total spend for the day.

    Hotel rendezvous are also on the rise with 63% growth in transactions since 2016 and a boost to the total spend by 66%.

    Bling is still in. Jewellery transactions for Valentine’s Day have climbed with spend up 43% since 2016.

    Hongkongers like the personal touch when it comes to gifts for Valentine’s Day. 88% of gifts were bought in face-to-face transactions versus 6% online. However, online shopping for Valentine’s Day is still rising with a 146% increase in online transactions over the period since 2016.

  • Valentine’s Day : who are the big spenders in Asia-Pacific?

    Valentine’s Day : who are the big spenders in Asia-Pacific?

    People who live in Mainland China are, on average, Asia’s biggest Valentine’s Day spenders, according to the results of a MasterCard poll which tracked spending around the romantic occasion in the Asia Pacific region.

    They are prepared to spend US$274 on Valentine’s Day (February 14) presents, with Taiwan and Hong Kong following closely on US$245 and US$231 respectively.

    The survey, conducted by the American multinational financial services firm, involved more than 9,100 respondents from 18 Asia Pacific markets and began last October. Singapore, with US$180, ranked fourth and Thailand completed the top five on US$145.

    The amount Chinese couples plan to fork out has dropped slightly from last year’s US$310, due to the strengthening of the Chinese yuan against the US dollar and the fact that Chinese Lunar New Year (February 16) falls just two days later in 2018—in 2017, Chinese New Year fell at the end of January 2018.

    The run-up to Valentine’s Day has also witnessed a decrease in the sales of fresh flowers in China.

    This is because of the unusually cold weather experienced by the country this winter and the aforementioned date clash, China Daily noted.

    China has its own equivalent to Valentine’s Day known as the Double Seventh Festival, as well as the Qixi Festival.

  • Nestlé goes pink for Valentine’s Day

    Nestlé goes pink for Valentine’s Day

    Nestlé may have struck gold with the release of a new type of Kit Kat made using special “ruby” cacao beans. The new flavor, Kit Kat Chocolatory Sublime Ruby, was launched in select stories in Japan and South Korea on 19 January 19 2018 and shows signs of being a hit.

    The first limited run of 5,000 bars in Japan has sold out and there is even a small black market–or pink market if you prefer–of people reselling the chocolates at a slightly marked up price online.

    In September 2017, the Swiss chocolatier Barry Callebaut announced that they had developed a brand new type of chocolate, using ruby cacoa beans.

    Historically, there have only been three other types of chocolates in existence, according to the company: dark, milk and white. Ruby chocolate is “the fourth chocolate.” The beans have a pinkish red tint and unique taste; they are cultivated in Brazil and the Ivory Coast, among other countries. Chocolate aficionados have eagerly awaited the first ruby chocolates to be released since last summer.

    Nestlé claims to be the first the company to turn the beans into a product. In Japan, the Sublime Ruby Kit Kats were first sold individually at 400 yen ($3.60) for a single package from January 19-25, either at Kit Kat boutique stores or online. From February 1, you can purchase five or seven-piece assorted flavor Valentine’s Day boxes, each including two Ruby Chocolate Kit Kats, that will sell for about $16 and $21 respectively. The main retail shop in Tokyo’s Ginza area will also be offering a Ruby Hot Chocolate set in their cafe, that includes one Ruby Kit Kat, for 1000 yen ($9).

    Kit Kat has been a tremendous success in Japan, partly because the name when pronounced in Japanese, sounds like “Kitto Katsu (きっと勝つ)” which translates as “you (he, she) will surely win.” The company, through clever marketing, convinced Japanese consumers that Kit Kats were auspicious gifts to give to those applying for college or seeking jobs.

    Nestlé has launched over 350 different Kit Kat flavors over the years, including the highly successful green tea version, as well as wasabi, cherry blossoms, beni imo (vermillion potato) and even azuki bean sandwich versions. The firm never has all the flavors available at the same time, but many kinds can be purchased at airports as souvenirs or at boutique Kit Kat stores. It should be noted that some variations have been less successful than others. Last year, Throat Candy (のど飴味) flavored Kit Kats did not appear to do well. These whitish Kit Kats were poorly rated on a website devoted to appraising chocolate snacks, although you might like them, if you like medicinal mint chocolate-chip ice cream, and some ended up on the discount racks of convenience stores.

    The Sublime Ruby edition was designed by a top Japanese pastry chef, Yasuma Takagi, who has spearheaded many Kit Kat creations. Of course, I tried these pinkish delights before writing this. They had a distinct flavor and pleasant sourness that was slightly like a tart berry, but also with a mild sweetness that was reminiscent of milk chocolate.

    Chef Takagi, is quite proud of his work, commenting in press materials: “I am extremely honored to be part of this landmark moment in the history of chocolate, with which I have worked intimately for over thirty years. I have created an especially simple Kit Kat that allows you to enjoy the characteristic fruity fragrance and subtle acidity of Ruby cacao to the fullest. Enjoy wonderful flavors that have never been experienced before.”

    Nestlé suggests that since their new Kit Kat is such a rare and precious chocolate, you should want to give some to that “special person” in your life on Valentine’s Day. It is not a bad sales pitch.

  • World’s first Ruby KitKat drops in Japan for Valentine’s Day

    World’s first Ruby KitKat drops in Japan for Valentine’s Day

    Forget a diamond ring for Valentine’s Day – this has been trumped by a ruby KitKat chocolate snack by Nestle Japan.

    Its Sublime Ruby KitKat has been unveiled with due ceremony in Tokyo, and has been rolled out in KitKat Chocolatory boutiques across Japan, a further addition to Nestle’s “Made-In-Japan” luxury flavours for the snack.

    It is made from the new Ruby chocolate, which differs in flavour from traditional bitter, milk and white chocolate. Swiss chocolate maker Barry Callebaut spent more than 10 years developing its masterpiece, released in Shanghai in September.

    Made from the ruby cocoa bean, it is described as a new experience with an intense taste and characteristic reddish colour. It is not bitter, milky or sweet, but has a balance between berry fruitiness and smoothness. No berries, flavours or colours are added.

    Chef/patissier Yasumasa Takagi, who has been supervising new KitKat products since 2003, managed to encompass the new chocolate in KitKat form in time for the product to be ready in Japan ahead of Valentine’s Day.

    Units of Sublime Ruby KitKat will be available in limited numbers, with an assortment box to follow including the new product.i

  • 50 year Valentine’s Day pledge

    50 year Valentine’s Day pledge

    In a bizarre retail initiative, Gift Flowers Hong Kong is willing to plan the next 50 Valentine’s Days in advance for everyone.

    The Hong Kong online florist says it will deliver roses to their loved ones “for the rest of their lives, even when they are not around”.

    “Each year, they will receive roses ordered from deceased loved ones. It will serve as a reminder of the love that has not died, even after all this time has passed.”

    The service comes at a price – all paid in advance, of course: Ranging between $10,000 (for a single rose each year) and $100,000 (for a dozen).

    Gift Flowers HK describes the initiative as a first for Hong Kong, saying it gives peace of mind to customers who want to ensure their loved ones receive flowers each year for the rest of their lives.

    “Just like the movie ‘P.S. I Love You’, romantics will be able to send personalised messages to their lovers for ‘almost’ forever,” the company explains.

    “True romantics will find comfort in Gift Flowers HK’s new service. Even for those who cannot spend Valentine’s Day with their significant other, Gift Flowers HK will allow those romantics to make an impression that shows the absent be present in spirit.