DECLINE IN INCOMES

Restaurants in Hong Kong reported the largest annual decline in combined incomes last year as the catering sector took the brunt of the COVID-19 pandemic, according to official data. Restaurant receipts plummeted 29.4 percent from a year ago to HK$79.4 billion ($10 billion) in 2020. Bars were hit the hardest with incomes slumping 47.9 percent from 2019. Chinese restaurants saw their incomes down by 38.2 percent and fast food outlets earned 19.1 percent less than a year ago.