China: Food Service - Hotel Restaurant Institutional Report
China’s economy slowdown has shown its negative impact on the expansion of food service industry. Food safety scandals continued to be exposed, in return, the scared consumers reduced their dining-out frequency. In addition, the government policy of reducing public funds on lavish expenditures deeply impacted high-end hotels and restaurants. The industry had adopted various strategies to overcome the difficulties. While first-tier cities remain the strongest centers of consumption and spending in the Hotel, Restaurant and Institutional Sector, the industry will continue to grow substantially in Emerging City Markets.