Diverging fortunes in Singapore’s F&B scene as diners turn to cheaper options
Restaurant takings have been falling, but other types of F&B outlets have seen improvements in recent months
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[SINGAPORE] Fortunes are diverging in the local dining scene, with restaurant takings on the decline but other food and beverage (F&B) outlets seeing some recovery, based on official data.
Maybank co-head of macro research Chua Hak Bin said: “Consumers are downtrading to cheaper food options, like food courts and fast-food chains, from restaurants.”
Sales of Chinese restaurant Ka-Soh, for instance, fell about 15 per cent since January. Weekday deliveries have plunged from six a day to just one, said owner Cedric Tang.
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