Industry Analysis & Industry Trends
Full-service restaurants in China account for the largest share of revenue of all the industries in China's catering subsector. Revenue for China's catering subsector is expected to total $471.8 billion in 2012, of which 61.0% or $287.8 billion will be generated by the Full-Service Restaurant industry.
The Full-Service Restaurant industry's proportion of the total catering subsector has been slightly decreasing in recent years, due to the fast growth of its main external competitor, the Fast-Food Restaurant industry in China (IBISWorld report 6720). nevertheless, full-service restaurants have been experiencing steady growth, with industry revenue increasing at an annualized rate of 16.5% in the five years through 2012.... purchase to read more
Industry Report - Industry Analysis Chapter
ACMR-IBISWorld estimates that the Full-Service Restaurant industry in China will generate $287.8 billion in 2012, accounting for about 61.0% of revenue for China's catering subsector. Industry revenue has been growing at an average annualized rate of 16.5% in the five years through 2012, driven by growing demand from businesses for business lunches and dinners, and increasing per capita incomes. Eating out has long been a popular Chinese pastime.
The share of revenue contributed by the industry to China's catering subsector has been slightly decreasing due to the rapid expansion of the Fast-Food Restaurant industry in China (IBISWorld report 6720). Affected by the global financial crisis, more people are turning to cheaper fast-food restaurants for meals... purchase to read more