KUALA LUMPUR, March 11 — Food and beverage (F&B) kiosks and stalls saw double-digit growth of 13.5 per cent for the whole of 2023 as compared to cafes and restaurants that only...
In its Malaysia Retail Industry Report released in March, Retail Group Malaysia said F&B stalls and kiosks are only expecting a lower growth rate of 4.4 per cent for the first quarter of this year despite a robust growth of 21.5 per cent in the first quarter of 2023. — Picture by Yusof Mat IsaKUALA LUMPUR, March 11 — Food and beverage kiosks and stalls saw double-digit growth of 13.5 per cent for the whole of 2023 as compared to cafes and restaurants that only recorded a 4.
F&B stalls and kiosks also saw a growth of 15.8 per cent in the last quarter of 2023 while cafes and restaurants only saw a growth of 7.5 per cent in the same period. The report attributed the moderate growth rate of 7.5 per cent in the last quarter of 2023 to the year-end holidays and tourist arrivals.
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