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Oct 31, 2017 @ 11:35

Restaurant industry leads formal sector in terms of number of establishments

Among the formal sector of the economy engaged in accommodation and food service activities, a total of 27,028 establishments are engaged in accommodation and food service activities.

This was based on the final results of the 2015 Annual Survey of Philippine Business and Industry (ASPBI) recently released by Philippine Statistics Authority (PSA).

PSA said that among other industries, restaurants led the sector with 6,652 establishments, accounting for 24.6 percent of the total number of establishments.

Fast-food chains ranked second with 4,477 establishments or 16.6 percent, followed by refreshment stands, kiosks and counters with 3,772 establishments or 14.0 percent.

Other industries with more than a thousand number of establishments were the following: cafeterias (3,748 establishments), hotels and motels (2,276 establishments), bars and cocktail lounges (1,445 establishment).

Right now, other restaurants and mobile food service activities have 1,353 establishments across the country.



 

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