FOOD & BEVERAGE | Staff Reporter, Hong Kong

Restaurant receipts down by a record 35.3% in Q3

Total restaurant purchases also hit 33.4% decline.

The value of total receipts of Hong Kong restaurants dropped by a record 35.3% YoY to $17b in Q3 amidst the third wave of COVID-19 infections, according to the Census and Statistics Department.

Over the same period, the value of total purchases by restaurants decreased 33.4% YoY to $5.7b.

A government spokesperson said total restaurant receipts saw a narrowed decline in September, as compared to those in July and August.

After netting out the effect of price changes over the same period, the volume of total restaurant receipts fell 34.8%.

Bars continue to record the sharpest drop in total receipts by 62.7% in value, followed by Chinese restaurants at 46.6% and non-Chinese restaurants at 30.9%. Fast food shops and miscellaneous eating and drinking establishments all saw a decline in total receipts as well.

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