Information from the Statistics and Census Service (DSEC) indicated that there were 2,512 restaurants, eating & drinking places and cooked-food stalls in municipal markets operating in 2020, an increase of 93 year-on-year; meanwhile, total number of persons engaged dropped by 1,204 to 32,827. Receipts of the industry decreased by 28.8% year-on-year to MOP 8.71 billion on account of a substantial decline in the number of visitors amid the pandemic, and expenditure went down by 18.9% to MOP 9.64 billion. The industry recorded a deficit of MOP 939 million. Gross Value Added that measures the sectoral contribution to the economy tumbled by 41.0% year-on-year to MOP 2.78 billion. Besides, Gross Fixed Capital Formation of the industry slid by 35.1% year-on-year to MOP 221 million, ascribable to the sale of assets such as machinery & equipment as well as a reduction in renovation works.
Restaurants and eating & drinking places increased by 92 year-on-year to 2,433, while number of persons engaged went down by 1,208 to 32,674. Receipts of these establishments amounted to MOP 8.69 billion, a drop of 28.8% year-on-year. Expenditure decreased by 18.9% year-on-year to MOP 9.62 billion, of which Compensation of Employees (MOP 3.72 billion), Purchase of Goods (MOP 3.15 billion) and Operating Expenses (MOP 2.75 billion) fell by 13.4%, 26.3% and 16.3% respectively. These establishments registered a deficit of MOP 950 million. Gross Value Added declined by 41.0% year-on-year to MOP 2.77 billion.
As regards Gross Surplus by type of restaurant and eating & drinking place, only Fast-food Restaurants registered a Gross Surplus, at MOP 85.36 million; yet, the figure represented a decrease of 36.0% year-on-year. By contrast, other types of establishments reported varying degrees of deficit, with Chinese Restaurants, Local-style Cafes, Congee & Noodle Shops and Western Restaurants posting respective losses of MOP 483 million, MOP 177 million and MOP 159 million.
There were 79 cooked-food stalls operating in municipal markets in 2020, an increase of 1 year-on-year; number of persons engaged rose by 4 to 153, and employees accounted for a mere 3.3% of the total. Receipts of these stalls totalled MOP 26.65 million, down by 31.1% year-on-year. Expenditure went down by 25.3% year-on-year to MOP 15.68 million, with Purchase of Goods (MOP 12.33 million) dropping by 26.6%. These stalls recorded a Gross Surplus of MOP 10.98 million, which represented a fall of 38.1% year-on-year. Gross Value Added shrank by 35.2% year-on-year to MOP 12.35 million.
The Restaurants and Similar Establishments Survey covers licensed restaurants, eating & drinking places, and cooked-food stalls in municipal markets in 2020; however, restaurants and similar establishments directly operated by hotels and gaming enterprises, as well as street stalls, are excluded.
