[Week 20, 2015] Cantonese Take Biggest Bite of Restaurant Business
2015-May-22 Source: Newsgd.com
Text Size: A A A | Print | Share by E-mail:

Chinese restaurant revenue totaled 2.78 trillion yuan (447.97 billion USD) in 2014, with a near 10 percent year-on-year increase, according to the annual report of the Chinese Restaurant Industry released by the China Hotel Association.

Guangdong, Shandong and Jiangsu sit at the top of the table with more than 200 billion yuan in annual revenue in 2014.

Guangdong registered an 8.3 percent increase year-on-year to 283.66 billion yuan. Beijing, on the other hand, was the only market in the whole country that saw negative growth, coming in at 19th position with 73.1 billion yuan revenue.

Han Ming, chairman of the China Hotel Association, said that the Chinese restaurant market upgraded itself with a steady expansion of public catering while the high-end industry experienced a slowdown.

The report also said that nearly 80 percent of restaurants planned to launch new brands this year. It added that 71 percent were looking at strategic investment from overseas. China’s catering sector saw nearly 10 percent growth in 2014.

Editor: Chan
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Home | About Us | Contact Us | Southcn.com
www.newsgd.com registered number 020074 | ICP Certificate No.B2-20050252