Staff Reporter
,
Singapore
Hong Kong is only second.
The wealth-driven growth in dining out is observed in emerging markets, said Macquarie.
Dine-out ratio in Hong Kong is 65% which is second highest in Asia next to Malaysia at 82%.
According to Macquarie, in Hong Kong where rental inflation is significant and competition is fierce, it is not uncommon to see independent restaurants shut down after 2-3 years of operation.
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