China: Food Service - Hotel Restaurant Institutional Annual
Link to report:
China ended its three-year long COVID restrictions in late December 2022. Since then, hotels have generally had a robust return of customers, while restaurants performed differently. China’s economic woes are negatively affecting consumer confidence in spending. Changes in both demand and supply patterns for the HRI sector are reshaping HRI operations and supply chains. Demand for pre-prepared dishes grew by restaurants and caterers, however, some consumers have concerns about quality and safety due to the lack of regulatory standards for this emerging sector.
