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 totaled $539.1 billion in 2016, of which $407.4 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 10.6% in the five years through 2017...purchase to read more.

Industry Statistics & Market Size
Revenue
$441bn
Annual Growth 12-17
10.6%
Forecast Growth 17-22
Profit
Employment
25.8m
Businesses
2.8m

Industry Report - Industry Investment Chapter

The Full-Service Restaurant industry is labor-intensive due to large numbers of visit numbers and orders. For every dollar spent on wages, only seven cents are invested in capital. A large labor input is required for all restaurant and kitchen areas, such as ordering, delivery, food preparation, cooking, serving, cleaning and management. High-end restaurants require an even higher number of serving staff to ensure good quality services.Capital investment is required for cooking equipment, kitchen appliances, restaurant furniture, and other essential kitchen and restaurant equipment and items...purchase to read more.

Additional Insights for the Full-Service Restaurants Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Full-Service Restaurants Industry are

  • Effective cost controls
  • Attractive product presentation
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Competition from Substitutes - Full Service Restaurants - Limited Service Restaurants and Leisure and Recreational Activity - Eating Out in the Full-Service Restaurants industry impact industry performance..

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    What's in this report

    What is the Full-Service Restaurants Industry?

    Full-service restaurants in China provide food services to patrons who order and are served while seated and pay after eating (i.e. table service). Food provided by businesses in this industry include a large variety of Chinese cuisine as well as foreign cuisine.

    Industry Products
  • Restaurants with revenue under $144,000
  • Restaurants with revenue between $144,000 and $288,000
  • Restaurants with revenue between $288,000 and $720,000
  • Restaurants with revenue between $720,000 and $1.44 million
  • Restaurants with revenue between $1.44 million and $2.88 million
  • Restaurants with revenue between $2.88 million and $7.2 million
  • Restaurants with revenue between $7.2 million and $14.4 million
  • Restaurants with revenue over $14.4 million
  • Industry Activities
  • Operating full-service restaurants in hotels
  • Operating standalone full-service restaurants
  • Operating hot pot and barbecue restaurants
  • Operating full-service restaurants in stations, airports or docks
  • Operating full-service restaurants in trains and boats
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Competition from Substitutes - Full Service Restaurants - Limited Service Restaurants
  • Leisure and Recreational Activity - Eating Out
  • Per Capita Disposable Income
  • Number of Households
  • Industry Competition - Food mfg
  • Leisure and Recreational Activity Levels - Leisure Time Availability

  • Current Performance
    Eating out in the cityHoliday consumptionFood innovationsThe business marketTourismInternational marketsFrom full service to fast foodChain operations
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Full-Service Restaurants Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Full-Service Restaurants Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Households

  • Key Selling Industries
  • Beer Production
  • Chinese Alcohol Production
  • Meat Processing
  • Wine Production

  • Products & Services
  • Restaurants with revenue between $144,000 and $288,000
  • Restaurants with revenue under $144,000
  • Restaurants with revenue between $288,000 and $720,000
  • Restaurants with revenue between $720,000 and $1.44 million
  • Restaurants with revenue between $1.44 million and $2.88 million
  • Restaurants with revenue between $2.88 million and $7.2 million
  • Restaurants with revenue between $7.2 million and $14.4 million
  • Restaurants with revenue over $14.4 million
  • Chart: Full-Service Restaurants Industry Products and Services Segmentation

  • Demand Determinants
  • Development of the Chinese economy
  • Disposable income
  • Public holidays and available leisure time
  • Food innovation

  • Major Markets
  • Businesses
  • Households with annual income of $2,350 to $7,050
  • Households with annual income of $1,150 to $2,350
  • Households with annual income over $7,050
  • Chart: Major Market Segmentation for the Full-Service Restaurants Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases and rent
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Full-Service Restaurants

  • Basis of Competition
  • Food range and specialties
  • Quality of wait services
  • Interior design and architecture
  • Brand and image
  • Event management and marketing
  • Discounts
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Full-Service Restaurants Industry

  • Industry Globalization
    China Quanjude (Group), Tao Heung Group, Yum! Brands, Inner Mongolia Xiao Wei Yang Restaurant Chain Limited, Sichuan Haidilao Catering Company Limited,
  • Table: China Quanjude (Group) - financial performance
  • Table: Tao Heung Group - financial performance
  • Table: Yum! Brands - financial performance
  • Table: Inner Mongolia Xiao Wei Yang Restaurant Chain Limited - financial performance
  • Table: Sichuan Haidilao Catering Company Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Full-Service Restaurants Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Full-Service Restaurants Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cuisine
  • A specific set of cooking traditions and practices, often influenced by the ingredients that are available locally or through trade.
  • Franchising
  • The act of granting an independent operator the right to distribute the franchisor's products, techniques, and trademarks for a share of gross monthly sales and a royalty fee.
  • Full-Service Restaurant
  • Provides guests with sit-down meals that include table service by waitstaff.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Full-Service Restaurants market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Full-Service Restaurants:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Full-Service Restaurants market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Full-Service Restaurants, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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