Must Read! We present you with a recipe to run a successful catering business in HK! As one of the top 3 financial hubs in the world, HK is equally renowned for its tourism industry, and is often referred to as the ‘ Gourmet Paradise ‘.
Food in HK is a finely balanced mixture of the Oriental and the Western flavors. Amid the busy cosmopolitan schedules, the locals have developed a robust eat-out culture with a diverse array of delicacies available within reach, which has benefited the foreigners just as much! With people willing to spend more on food there, no clever businessman shall miss out on this F&B business opportunity! So,rab yours now to understand more about the F&B market information, consumer trends, competitors, as well as the local business environment of the vibrant F&B catering industry in HK.
The report is structured likely below. We conclude that F&B is a viable business in Hong Kong. There is, however, a strong need for business, product and marketing planning. We provide a framework to succeed in Hong Kong’s F&B catering industry.
Tables and Figures – HK F&B – Eng
Figure 1: Hong Kong’s GDP (2006-2016)
Figure 2: GDP growth compared across Southeast Asian & East Asian countries.
Figure 3: Hong Kong GDP annual growth rate
Figure 4: Hong Kong’s GDP from services sector
Figure 5: Total Retail Sales Y-o-Y growth shows weaker retailing trend
Figure 6: F&B Catering Industry Segmentation by Establishment.
Figure 7: F&B catering receipts in Hong Kong (2007-2016 projected)
Figure 8: Breakdown of the Retail F&B Catering Industry by sales contribution (in HKD billion), by Frost & Sullivan
Figure 9: Hong Kong consumer confidence vs. expenditure (2014-2017)
Figure 10: Household Expenditure Breakdown (2009/10) – Left, Household Expenditure Breakdown (2014/15) – Right
Figure 11: Hong Kong labour hourly rate and the wage growth rate (2010-2020)
Table 1: Hong Kong’s GDP by sector contribution
Table 2: Business Receipt Indices (2011-2016)
Table 3: Business Receipts Indices for Food Services Sector (2016-2017 quarterly)
Table 4: Restaurant receipts in HK (2012-2017)
Table 5: Hong Kong consumer’s expenditure per capita (2017)
Table 6: Percentage of expenditure on food by quartile expenditure group
Table 7: How gender affects diners’ choice of restaurant
Table 8: Reasons to choices of restaurants in HK
Table 9: Choices of restaurant for diners at different salary levels
Table 10: how different advertisement channels affect different nationals on their choices of dining.
Infographics 1A: How much does different food cost in Hong Kong?
Infographics 1B: Casual dining enjoys fastest growth by receipts
Infographics 1C: HK F&B by number of establishment
Infographics 2: Fine Dining VS. Casual Dining
Infographics 3: Understanding the Hong Kong Consumers for Their Restaurant Choices
Infographics 4: Hong Kong Labour Distribution