Hong Kong’s restaurant ranks expand faster than before Covid-19, as eateries prove more resilient than retail

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Hongkongers’ appetite for dining out amid travel curbs has made restaurants the city’s most resilient retail segment, with the number of operators growing slightly faster during the Covid-19 pandemic than during the preceding years, according to the latest report from CBRE.

The number of licensed restaurants grew 3.9 per cent to 17,200 from 2020 through October 2022, slightly faster than the 3.8 per cent growth recorded from 2017 through 2019, the property consultant said in a report released on Wednesday.