FOOD & BEVERAGE | Staff Reporter, Hong Kong

Hong Kong restaurant receipts hit $30.4b in Q4

Non-Chinese restaurants saw strong year-end figures.

Food establishments in Hong Kong continued to enjoy a steady stream of business after restaurant receipts rose 2.2% to $30.4b in Q4 to extend their positive streak for another quarter, according to the Census & Statistics department. 

Total purchases also rose by 1.7% to $9.6b although receipts were more than sufficient to cover the sector’s expenses.

Also read: Restaurant activity picks up as total receipts hit $28.8b in Q2

Non-Chinese restaurants outdid bars and other F&B segments in Q4 after witnessing the largest increase in receipt value at 4.4% and 2.2% in volume. They were followed closely by fast food shops where receipts rose 4.1% in value and 0.2% in volume. Total restaurant receipts at bars rose 2.5% in value but fell 1.2% in volume.

On the other hand, Chinese restaurants had a weak quarter after receipts fell 0.8% in value and 3.2% in volume.

For the full-year period of 2018, the restaurants sector saw its total receipts rise by 6% in value and 3.1% in volume to $119.5b.

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