Key facts
- Hotstone Yoga chain abruptly closed, leading to customer claims of HK$3.9 million (US$497,030) in financial losses.
- Hong Kong lawmakers are calling for a broader statutory cooling-off law to cover more wellness market trends.
- The government plans to introduce a bill for a statutory cooling-off period for prepaid fitness and beauty services in the first half of next year.
Hong Kong lawmakers are advocating for an expansion of a proposed statutory cooling-off law to include a wider range of wellness market trends, prompted by the sudden closure of the Hotstone Yoga chain. Customers have reported financial losses amounting to HK$3.9 million (US$497,030) due to the closure. The government has pledged to present a bill to the Legislative Council in the first half of next year, which will establish a statutory cooling-off period for prepaid fitness and beauty services. This move aims to enhance consumer protection in sectors where advance payments are common.