Information from the Statistics and Census Service (DSEC) indicated that there were 2,419 restaurants, eating & drinking places and cooked-food stalls in municipal markets operating in 2019, an increase of 76 year-on-year; total number of persons engaged rose by 411 to 34,034. Receipts of the industry grew by 4.1% year-on-year to MOP 12.24 billion, and expenditure rose by 3.4% to MOP 11.88 billion. Gross Surplus of the industry stood at MOP 377 million, a growth of 37.3% year-on-year; meanwhile, both Gross Surplus Ratio (3.1%) and Gross Surplus-Expenditure Ratio (3.2%) went up by 0.8 percentage points. Gross Value Added that measures the sectoral contribution to the economy increased by 8.7% year-on-year to MOP 4.67 billion, and Gross Fixed Capital Formation expanded by 9.8% to MOP 329 million.
Restaurants and eating & drinking places totalled 2,341, a rise of 76 year-on-year; and number of persons engaged grew by 412 to 33,885. Receipts of these establishments amounted to MOP 12.20 billion, up by 4.1% year-on-year. Expenditure rose by 3.4% year-on-year to MOP 11.86 billion, of which Compensation of Employees (36.2% of total) went up by 6.8% to MOP 4.30 billion and Purchase of Goods (36.0%) rose by 1.4% to MOP 4.27 billion; moreover, Operating Expenses grew by 2.0% to MOP 3.29 billion, with rent of establishment (MOP 1.58 billion) and electricity charges (MOP 400 million) rising by 7.3% and 1.7% respectively.
As the growth in receipts surpassed that in expenditure, Gross Surplus of restaurants and eating & drinking places surged by 40.3% year-on-year to MOP 360 million in 2019. Gross Surplus Ratio (2.9%) and Gross Surplus-Expenditure Ratio (3.0%) went up by 0.7 percentage points and 0.8 percentage points respectively. Gross Value Added reached MOP 4.65 billion, up by 8.8% year-on-year. Besides, Gross Fixed Capital Formation rose by 9.8% year-on-year to MOP 329 million, ascribable to an increase in renovation works as well as purchase of additional machinery, equipment and other assets.
Analysed by type of restaurants and eating & drinking places, Gross Surplus of Fast-food Restaurants (MOP 133 million) and Local-style Cafes, Congee & Noodle Shops (MOP 70.49 million) showed notable growth of 44.1% and 31.5% year-on-year respectively, while that of Chinese Restaurants (MOP 167 million) fell by 3.2%. Western Restaurants reported a deficit of MOP 0.51 million in 2019; however, it represented a significant improvement compared to 2018; meanwhile, Bars & Lounges showed a widening deficit of MOP 38.49 million.
There were 78 cooked-food stalls operating in municipal markets in 2019, the same as in 2018. Among the 149 persons engaged, only 6 were employees. Receipts of these stalls amounted to MOP 38.70 million, down by 9.1% year-on-year; expenditure decreased by 12.7% to MOP 20.98 million, with Purchase of Goods (MOP 16.80 million) comprising 80.1% of the total. Gross Surplus of these stalls dropped by 4.6% year-on-year to MOP 17.72 million, and Gross Value Added fell by 5.0% to MOP 19.07 million.
The Restaurants and Similar Establishments Survey covers licensed restaurants, eating & drinking places, and cooked-food stalls in municipal markets in 2019, while restaurants and similar facilities directly operated by hotels and gaming establishments, as well as street hawker stalls are excluded.
(Statistics and Census Service)
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