So what does Legco member Tommy Cheung have to say ? after all he predicted doom and gloom for the catering industry after the smoking ban in workplaces came into being.
Has he printed a retraction to say he was wrong – by about HK$ 18 billion only whilst meanwhile demanding an hourly minimum wage of HK$ 20 ?
Can we trust what the Liberal Party or its non elected Functional Constituency members say or vested interests tell them what to say ?
You decide.
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Total Restaurant Receipts |
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|
Year |
Quarter |
Value |
Volume |
|||
|
HK$Mn |
Index (Average of quarterly indices from Oct 2004 to Sep 2005 = 100) |
Year-on-year % change |
Index (Average of quarterly indices from Oct 2004 to Sep 2005 = 100) |
Year-on-year % change |
||
|
2004 |
N.A. |
N.A. |
N.A. |
N.A. |
N.A. |
|
|
2005 |
56,507.2 |
101.8 |
N.A. |
101.5 |
N.A. |
|
|
2006 no smoking ban |
61,907.1 |
111.5 |
+9.6 |
109.8 |
+8.2 |
|
|
2007 Jan -partial smoking ban commences |
70,202.0 |
126.4 |
+13.4 |
121.3 |
+10.6 |
|
|
2008 |
79,390.9 |
143.0 |
+13.1 |
129.6 |
+6.8 |
|
|
2009 – July full smoking ban in place |
79,879.5 |
143.8 |
+0.6 |
128.4 |
-0.9 |
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The restaurants sector’s total receipts was $20.8 billion in value in the first quarter, up 4.8% on the same period last year, the Census & Statistics Department says. Restaurants’ total purchases increased 4.2% in value, to $7.2 billion.
After discounting the effect of price changes, total restaurant receipts rose 3.9% in volume.
Analysed by type of restaurant, Chinese restaurants’ total receipts rose 6.3% in value, or 5.3% in volume. Fast food shops‘ total receipts grew 5.3% in value or 4.6% in volume, while bars’ total receipts of bars rose 5% in value or 4.9% in volume.
Non-Chinese restaurants’ total receipts rose 2.4% in value or 1.9% in volume, while the figure for miscellaneous eating and drinking places grew 2% in value or 1.1% in volume.
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On a seasonally adjusted quarter-to-quarter comparison, the volume of total restaurant receipts increased 1.2%.