HK restaurant receipts up nearly 44% in Q3

This was the largest jump on record.

Hong Kong restaurant receipts took in HK$24.5 billion (approx. US$3.14 billion) in the third quarter, a 43.8% increase from the year earlier, with the government attributing it to improved labour market conditions and the consumption voucher scheme.

Provisional figures from the region’s Census and Statistics Department saw the value of total purchases by restaurants increased by 41.2% to HK$8 billion

Analysed by type of restaurant, receipts of Chinese restaurants jumped by 61.6% in value and 56.7% in volume whilst receipts of non-Chinese restaurants increased by 51.1% in value and 43.9% in volume.

Fast food shops receipts increased by 18.5% in value and 15.2% in volume and receipts of bars increased by 88.9% in value and 102.4% in volume. For miscellaneous eating and drinking places, total receipts increased by 21.2% in value and 18.3% in volume.

Total restaurant receipts increased by 12.9% in value and 11.4% in volume for the first nine months of the year from the same period in 2020.