Singapore’s Restaurants Are Still Stuck. Fast Food Isn’t.
Five years after COVID, Singapore’s restaurant volumes still lag their 2017 baseline, while fast-food outlets are trading 17% above it, according to i
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Contains information from "Food & Beverage Services Index, (2017 = 100), In Chained Volume Terms, Monthly" accessed on 7 July 2026 from Singapore Department of Statistics (data.gov.
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sg (Singapore Department of Statistics)) which is made available under the terms of the Singapore Open Data Licence version 1.0 (https://beta.data.gov.sg/open-data-licence).
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from Singapore Singapore’s restaurant industry has spent half a decade waiting for a recovery that official figures show still hasn’t come.
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Even as diners crowd hawker centres and fast-food chains post record volumes, full-service restaurants remain stuck stubbornly below their 2017 baseline, according to the latest food and beverage services index.
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Why hasn't restaurant activity regained its pre-COVID level? The monthly restaurant index briefly touched 97.5 in December 2021 —just shy of the 100 baseline—but never broke through.
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In the years since, the figure has averaged in the low 80s, dipping as low as 69.1 in September 2025 . December 2025 closed at 80.
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8 , underscoring a persistent volume deficit that suggests a permanent recalibration rather than a temporary dip. The old lunch crowd hasn't fully returned, and nightlife spending patterns have shifted.
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Which segment has outperformed the most? Fast-food outlets have been the standout. Their index hit an all-time high of 129.8 in December 2022 and consistently stayed above 110 . Even the latest reading of 117.
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Five years after COVID, Singapore’s restaurant volumes still lag their 2017 baseline, while fast-food outlets are trading 17% above it, according to index data through December 2025.