综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Industry Watch

Austerity push takes a bite out of holiday sales at restaurants

By Wang Zhuoqiong (China Daily) Updated: 2014-02-11 07:17

Austerity push takes a bite out of holiday sales at restaurants

Restaurants recorded their weakest growth for the Spring Festival in six years as an austerity campaign hit sales, the China Cuisine Association said on Monday.

From Jan 31 to Feb 6, retail and catering industry sales totaled 610.7 billion yuan ($100 billion), up 13.3 percent - the slowest growth rate since 2009.

The association said the industry's situation "isn't promising" for at least the first two months of this year, with growth likely to be the same as in January and February 2013.

Ministry of Commerce figures showed that restaurants targeting the mass market recorded sales growth of more than 15 percent during the Lunar New Year festival, while sales of medium- and high-end restaurants only grew about 10 percent.

At the lower end of the market, Qing-Feng Steamed Dumpling Shop has been doing well. The decades-old steamed dumpling chain got a sales boost after President Xi Jinping dropped in on one of its restaurants in Beijing in December.

Daily revenue doubled at its nine stores that operated during the holiday.

But high-end eateries had a tough time during the Spring Festival as a result of the government austerity campaign. Many such restaurants adjusted their marketing strategy to offer banquets for weddings, birthdays or family gatherings.

The holiday woes come on top of a declining performance last year for some restaurant groups.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
华宁县| 威海市| 自治县| 安徽省| 二手房| 新营市| 正阳县| 仙桃市| 铜梁县| 贡山| 内丘县| 清苑县| 合川市| 高安市| 南投县| 庆安县| 开封县| 永福县| 育儿| 绥芬河市| 静海县| 鸡东县| 沁阳市| 潜江市| 宁夏| 嵊州市| 马山县| 贵溪市| 肥东县| 高邮市| 沭阳县| 奉化市| 西安市| 布尔津县| 杭锦后旗| 河西区| 芜湖县| 宁国市| 奉新县| 印江| 武隆县|