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Economy

China's catering sector revives in 2014: report

1
2015-05-12 16:33CRIENGLISH.com Editor: Wang Fan

A new report shows that China's catering business has ended a three-year downturn in 2014, with a 9.7 percent increase in growth.

The report, issued by China Hotel Association, says in 2014, individual spending on restaurant accounts for 80 percent of the total revenue of some 2.8 trillion yuan, or 450 billion U.S. dollars.

As part of that, hotpot, fast food and western cuisines restaurants have seen steady growth

Turnover related to high-end meal, however, shrank 6 percent, with 20 percent decease in per capita consumption.

The report also says Guangdong, Shandong and Jiangsu are the top 3 regions, whose restaurant business earned over 200 billion yuan last year.

Chinese capital Beijing ranks 19th and it is the only region whose restaurant turnover contracted in 2014.

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