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Provisional statistics of restaurant receipts and purchases for the fourth quarter and the year of 1994
The value of total receipts for the restaurant sector in 1994, estimated at $50.1 billion, increased by 4% when compared with 1993, according to the provisional statistics released today (Monday) by the Census and Statistics Department. After discounting the effect of price changes over the period, total receipts decreased by 4% in volume terms. The value of total purchases of restaurants increased by 2% to $17.9 billion.
In 1994, the largest growth in total receipts was recorded for non- Chinese restaurants, by 8% in value, although virtually no growth in volume.
Likewise, the total receipts of fast food shops increased by 7% in value, but showing virtually no growth in volume.
Meanwhile, the total receipts of bars and Chinese restaurants increased by 4% and 2% respectively in value but decreased by 3% and 6% in volume.
Total restaurant receipts in the fourth quarter of 1994, estimated at $12.6 billion, decreased by 4% in value terms and 11% in volume terms when compared with a year ago. Over the same period, the value of total purchases of restaurants, estimated at $4.6 billion, decreased by 3%.
Among the different types of restaurants, the total receipts of fast food shops recorded the largest year-on-year increase in the fourth quarter of 1994, by 11% in value and 5% in volume. The total receipts of non-Chinese restaurants also rose by 10% in value and 2% in volume.
On the other hand, the total receipts of bars and Chinese restaurants registered significant decreases, by 16% and 11% in value respectively. In volume terms, the respective decreases were 21% and 19%.