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Hong Kong lawmakers push to expand cooling-off law after Hotstone closure

Customer losses tied to the abrupt Hotstone Yoga shutdown were reported at HK$3.9 million, lawmakers said.

Reported · Written up by our desk · Emerging Markets

Hong Kong lawmakers have urged the government to broaden a proposed statutory cooling-off law for prepaid wellness contracts after customers reported rising losses following the abrupt closure of the Hotstone Yoga chain, according to SCMP Economy.

Lawmakers said the government plans to introduce a bill in the Legislative Council in the first half of next year to set a statutory cooling-off period for prepaid fitness and beauty contracts.

They argued the current proposals are too narrowly focused on fitness centres and beauty parlours, leaving consumers exposed as wellness offerings evolve, with lawmaker Jeff Yiu Ming citing the growth of classes such as kickboxing, Pilates and yoga.

The lawmakers also pointed to claimed customer financial losses of HK$3.9 million, or about US$497,030, tied to the Hotstone shutdown.

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