Positive consumer sentiment buoyed sales.
Restaurant receipts and purchases increased by 5.1% YoY in Q3 with an estimated value of $28.3b, according to latest data from the government statistics agency.
The provisional value of total purchases by restaurants also increased 1.8% YoY to $9.2b.
The rising sales figures across all restaurant types indicate positive consumer sentiment on Hong Kong’s restaurant services.
Total receipts of Chinese restaurants increased 3.4% YoY in value whilst total receipts of non-Chinese restaurants went up to 6.6% YoY.
Total receipts of fast food shops increased 6.7% in value and total receipts of bars rose 3.3%.
The Quarterly Survey of Restaurant Receipts and Purchases collects data on restaurant receipts and purchases for gauging the level and trends in consumer spending on Hong Kong catering services.
Photo from WiNG - Own work, CC BY 3.0
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