Hong Kong’s restaurant sector recorded marginal revenue growth in 2025, according to provisional figures released by the Census and Statistics Department (C&SD).
Total restaurant receipts were estimated at HK$109.6 billion for the year, representing a 0.2% increase compared with 2024.
After adjusting for price changes, however, the volume of restaurant business declined by 0.9%, indicating weaker underlying dining activity .
In the fourth quarter of 2025, total restaurant receipts amounted to HK$27.8 billion, up 0.9% year-on-year.
Over the same period, the value of restaurant purchases rose 2.5% to HK$9.1 billion, reflecting ongoing cost pressures faced by operators. After netting out price effects, the volume of restaurant receipts in the quarter remained broadly unchanged from a year earlier.
Monthly data for the fourth quarter showed mixed performance. Restaurant receipts increased in October, while declines were recorded in November and December when compared with the same months in 2024.
Performance varied across different segments of the restaurant industry. Non-Chinese restaurants reported an increase in both value and volume of receipts in 2025, while bars also recorded modest gains.
In contrast, Chinese restaurants saw declines in receipts in both value and volume terms. Fast food outlets and miscellaneous eating and drinking places also recorded weaker performance during the year.
The data also pointed to a widening gap between revenue growth and real demand.
While receipts edged higher, falling volumes suggest that price increases played a key role in supporting revenue. At the same time, higher purchase costs added pressure on operating margins.
Looking ahead, the C&SD said restaurant businesses are expected to be supported by improving local consumption sentiment, rising employment earnings and continued growth in inbound visitor arrivals.
The sector’s near-term performance will depend on the pace of demand recovery and the ability of operators to manage costs amid a competitive environment.
Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri
