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ECONOMY | Tony Chua, China
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Hong Kong’s restaurant receipts up 5.8% to $21.2bn

Total restaurant receipts increased by 1.7% and 0.4% in volume in April and June after discounting the effect of price changes.

The value of restaurant sector total receipts was $21.2 billion in the second quarter, up 5.8% over a year earlier, while the value of total purchases by restaurants increased by 11.1% to $7.8 billion.

The Census & Statistics Department said after discounting the effect of price changes, total restaurant receipts increased by 0.6% in volume.

Total receipts of Chinese restaurants rose 7.2% in value and 2.1% in volume. Total receipts of bars increased by 6.7% in value and 4.3% in volume, while total receipts of fast-food shops went up 6.4% in value and 1.8% in volume.

Total receipts of miscellaneous eating and drinking places increased by 6.6% in value but decreased by 0.8% in volume. As for non-Chinese restaurants, total receipts increased by 2.9% in value but decreased by 2.8% in volume, according to a Census & Statistics Department report .

The volume of total restaurant receipts dropped 1.3% in the second quarter as compared to the first quarter.

Comparing the first half of the year with the same period in 2010, total restaurant receipts increased by 5.9% in value and 1.2% in volume.

The value of total receipts of the restaurants sector was provisionally estimated at $6.9 billion, $7.2 billion and $7.1 billion in April, May and June. The provisional value of total purchases by restaurants was $2.5 billion, $2.7 billion and $2.6 billion in April, May and June.

After discounting the effect of price changes, total restaurant receipts increased by 1.7% and 0.4% in volume in April and June, but slightly decreased by 0.3% in May.

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