If you’re more of a ‘look at the pictures’ as opposed to a ‘read the words’ kind of news consumer, this is one for you. Here’s a smart little info graphic that makes the latest stats from Hong Kong’s restaurant industry a little easier to digest (do you see what we did there?).
Created by ANZ in conjunction with the Hong Kong Productivity Council, this red and black beauty compiles the results of interviews held with 200 local companies between April and May this year.
While the graphic shows that 24 percent of respondents expect revenue growth in the sector, 17 percent expect a drop – we can only assume the other 59 percent abstained? Only 12 percent said the internet helped them gain new customers (sorry OpenRice), while 47 percent said word of mouth was their best form of marketing.
Reported but not shown in the graphic was that nine out of ten of those surveyed believe the cost of business essentials has risen faster than inflation. This has prompted restaurants to invest in technology that can speed up the ordering process, as well as automate and centralise everything from food preparation to customer service. The researchers say this is leading to the separation of different segments of the industry.
It was also revealed that Hong Kong diners are becoming more willing to splash their cash on higher-quality food and healthy cooking methods, suggesting that eateries should invest in sourcing organic, local food directly from suppliers and training staff in the latest cooking methods.
As long as someone’s still doing deep fried chicken and dim sum, we can live with that.
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