Showcasing its positive influence on the Hong Kong economy, Deliveroo today published a new report assessing its impact on partner restaurants and the wider market. Amongst other findings, the research indicates that Deliveroo supports 2,100 jobs in Hong Kong and adds HK$1.3 billion in revenue.*
The major, independent study was commissioned by Deliveroo and conducted by leading independent economic consultants Capital Economics. It shows the full, positive economic impact of Deliveroo’s activities in Hong Kong and globally, examining increased revenues received by restaurants and their suppliers as a result of partnering with Deliveroo; the impact of spending of Deliveroo riders and employees; the impact of spending by Deliveroo on suppliers; and the tax generated by Deliveroo’s operations.
The report reveals that in Hong Kong:
- Deliveroo supports approximately 2,100 jobs across the Hong Kong economy. This is on top of the approximately 2,500 riders and walkers in Hong Kong to whom Deliveroo currently offers flexible, well-paid work delivering meals.
- Deliveroo supports 1,700 additional jobs in the Hong Kong restaurant sector, of which 1,200 are in chain restaurants and 490 are in independent restaurants.
- Deliveroo generates HK$956 million in additional revenue for the restaurant sector in Hong Kong, of which HK$668 million is in chain restaurants and HK$288 million is in independent restaurants.
- In total, Deliveroo supports HK$1.3 billion in revenue across the economy of Hong Kong.
- 54% of restaurants who partner with Deliveroo in Hong Kong say that, as a result, they have seen increased revenue from people dining in at their restaurant.
- Deliveroo’s tax contributions in Hong Kong amount to HK$29 million in employee taxes and HK$74 million in corporation taxes.
- Deliveroo’s contribution to economic growth (measured by Gross Domestic Product) in Hong Kong is HK$596 million.
- Capital Economics project that if Deliveroo continues to grow at its current rate, the report projects that the company’s operations would support somewhere in the region of 4,500 jobs and HK$1.1 billion of economic output (measured by Gross Domestic Product) in Hong Kong by 2020.
The report was conducted across all of Deliveroo’s 13 markets worldwide. Globally, the report found that:
- In total, Deliveroo supports 67,000 jobs across the economies of the markets in which it operates, which is on top of the 130,000 riders to whom Deliveroo provides flexible, well-paid work.
- Deliveroo supports 59,000 additional jobs in restaurant sectors across the economies of the markets in which it operates, of which 41,000 are in or from chain restaurants and 18,000 are in or from independent restaurants.
- Deliveroo generates a total of HK$22.2 billion in additional revenue for restaurant sectors across the economies of the markets in which it operates, of which HK$15.4 billion is in chain restaurants and HK$6.8 billion is in independent restaurants.
- Capital Economics project that if Deliveroo were to continue to grow at the same rate it is today, the report estimates that it would support somewhere in the region of 200,000 jobs and HK$41.1 billion of economic output globally by 2020.
Brian Lo, General Manager of Deliveroo Hong Kong, said, “Hong Kong boasts one of the most dynamic F&B markets in Asia, with fierce competition, demanding diners and an ever-evolving landscape of local, regional and international players. In this context, Deliveroo is proud to be an innovative and influential force for the restaurant sector, making a positive economic impact. Deliveroo helps to increase restaurants’ sales, increase the number of people employed in restaurants and ultimately helps restaurants to grow their businesses.
This, as a result, brings more choice and food options to local communities, so more people can have more amazing food whenever and wherever they want it.”
* NB: all figures cover the output arising from Deliveroo’s operations/activities over the 12 months to November 2018.
