The value of total restaurant receipts in Hong Kong in the third quarter of 2020 drops by 35.3% year-on-year

　　(Fighting New Coronary Pneumonia) Hong Kong's total restaurant revenue in the third quarter of 2020 drops by 35.3% year-on-year

　　China News Service, Hong Kong, November 4th. According to statistics released by the Hong Kong Special Administrative Region Census and Statistics Department on the 4th, the provisional estimate of the value of total restaurant revenue in the third quarter of 2020 is 17 billion yuan (HK$, the same below), down 35.3% year-on-year.

　　A spokesperson for the SAR Government said that due to the third wave of the new crown pneumonia epidemic, the decline in the third quarter of this year was the largest on record. However, as the local epidemic subsided in September, the total revenue of restaurants fell in September compared with July and August. The month narrowed significantly.

　　According to the data, analyzed on a monthly basis, comparing July, August, and September this year with the same month of the previous year, the provisional estimates of the total revenue of restaurants fell by 36.9%, 43.6%, and 25.0% respectively. Comparing the third quarter of this year with the previous quarter, the The provisional estimates of total restaurant revenues with sexual adjustments fell by 22.6% and 21.6% in value and volume respectively; comparing the first three quarters of this year with the same period in 2019, total restaurant revenue fell by 30.8% and 31.4% in value and volume respectively .

　　In addition, the provisional estimate of the total purchases of restaurants in the third quarter of this year was 5.7 billion yuan, a year-on-year decrease of 33.4%.

　　A spokesman for the SAR government pointed out that keeping the local epidemic in Hong Kong under control will help the restaurant business to recover.

Although the local consumer sentiment seems to have improved slightly in the near term, the employment and income situation of the overall economy is still under pressure, and the inbound tourism industry is unable to rebound quickly. The operating environment of restaurants is expected to remain challenging in the short term.

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