The holiday season is an excuse for many to get out and enjoy a drink or two and a bite to eat at their favorite restaurants.

Next year could see more strife as restaurant prices have surged thanks to rising labor costs, supply chain disruptions and higher interest expenses, weighing on consumer demand for dining out.

Chinese restaurant chain Xiaocaiyuan International plans to raise US$101 million in an initial public offering in Hong Kong, tapping into renewed demand for listings in the Asian financial hub.