XN000022-1987-07-04 — Page 2

SATURDAY, JULY 4, 1987

1985 A GOOD YEAR FOR HOTEL BUSINESS

PERCENTAGE HOTELS/BOARDING HOUSES RECORDED IN 1985 THE LARGEST

RECEIPTS WHEN INCREASE, AT 12 PER CENT OVER 1984, IN SALES AND OTHER

ACCORDING ACTIVITIES,

ΤΟ THE COMPARED WITH OTHER ECONOMIC

SUMMARY

RESULTS OF THE 1985

OF

AND WHOLESALE, RETAIL

IMPORT/EXPORT HOTELS RELEASED TODAY (SATURDAY) BY TRADES, RESTAURANTS CENSUS AND STATISTICS DEPARTMENT.

SURVEY AND

THE SURVEY ALSO FOUND 102,919 WHOLESALE, RETAIL IMPORT/EXPORT ESTABLISHMENTS, RESTAURANTS AND HOTELS/BOARDING WERE IN OPERATION DURING THE WHOLE PERSONS

OR PART WITH

THE

AND HOUSES OF 1985, WITH 617,250 COMPARED

1984,

THE NUMBER OF ENGAGED. WHEN

CENT AND 5 ESTABLISHMENTS AND OF PERSONS ENGAGED INCREASED BY 3 PER PER CENT RESPECTIVELY.

OF

GENERATED IN 1985, THESE ESTABLISHMENTS

MILLION $501,776

ON COMPENSATION SALES AND OTHER RECEIPTS; AND SPENT $25,601 MILLION

ON OF EMPLOYEES, $47,994 MILLION

OPERATING EXPENSES AND $406,881 FOR SALE. WHEN MILLION ON PURCHASES OF GOODS

COMPARED WITH 1984,

WHILE COMPENSATION SALES AND OTHER RECEIPTS INCREASED BY 7 PER CENT, OF EMPLOYEES, OPERATING EXPENSES AND PURCHASES OF GOODS FOR SALE UP BY 12 PER CENT, 11 PER CENT AND 7 PER CENT RESPECTIVELY.

WENT

THE

THE SECTOR'S VALUE ADDED, REPRESENTING ITS CONTRIBUTION TO

CENT TO GROSS DOMESTIC PRODUCT OF HONG KONG, GREW SLIGHTLY BY 1 PER $50,836 MILLION IN 1985, FROM $50,506 MILLION IN 1984.

THE SURVEY REVEALED THAT ANALYSED BY ECONOMIC ACTIVITY,

IN AND 1985, THE IMPORT/EXPORT TRADE RECORDED THE LARGEST SHARE OF SALES

70 PER CENT OF THE SECTOR OTHER RECEIPTS, AT $349,765 MILLION OR

WHILE WHOLESALE TRADE TOTAL. RETAIL TRADE ACCOUNTED FOR 15 PER CENT,

CENT, RESTAURANTS 4 PER CENT TOOK UP 11 PER

AND HOTELS/BOARDING

HOUSES 1 PER CENT.

IN 1985, THE

IMPORT/EXPORT

TRADE

FOR THE ALSO ACCOUNTED

THE SECTOR. THE

I

TRADE (7 PER

AND

LARGEST SHARE {

(56 PER CENT) OF TOTAL VALUE ADDED IN REMAINING CONTRIBUTION WAS ACCOUNTED FOR BY RETAIL TRADE (17 PER CENT) RESTAURANTS (14

CENT}

PER CENT),

WHOLESALE

HOTELS/BOARDING HOUSES (6 PER CENT).

WHEN COMPARED