On February 7, 2024, the revenue of the catering industry exceeded 5 trillion yuan for the first time. China's total retail sales of consumer goods reached 471495 billion yuan, a year-on-year increase of 72%。This figure reflects the vitality and potential of China's consumer market, and further proves the resilience and stability of China's economy. Among this figures, the performance of the catering industry is particularly impressive. In 2023, China's catering revenue will reach 5,289 billion yuan, a year-on-year increase of 204%。This growth rate is not only much higher than the growth rate of total retail sales of consumer goods, but also higher than the growth rate of other industries.
It is reported that in terms of catering income of units above designated size, it will reach 1,335.6 billion yuan in 2023, an increase of 209%。This figure further proves the prosperity and development of China's catering market. The growth rate of catering income of units above designated size is not only higher than the growth rate of total catering income, but also higher than the growth rate of total retail sales of consumer goods. Looking ahead, it is expected that the boom in the catering industry will continue in 2024. Especially on some important holidays, the holiday economy will further release consumption dividends. With the improvement of people's living standards and the change of consumption concepts, dining out has become a part of people's daily life, and it is foreseeable that in the future, the market prospect of the catering industry is still broad and the development potential is huge.
In 2023, the development of China's catering industry has achieved remarkable results. Driven by consumption upgrading and market competition, the market scale of the catering industry continues to expand, the consumption structure continues to be optimized, and the operating efficiency of enterprises has also been improved.
Specifically, we can start from the following aspects: first, strengthen policy support and increase policy support for catering enterprises such as tax incentives and financial subsidies; the second is to strengthen supervision, establish and improve the food safety supervision system, and protect the rights and interests of consumers; the third is to promote innovation and development, and encourage enterprises to strengthen innovation investment in product research and development, brand promotion, etc.; Fourth, strengthen personnel training and improve the quality and service level of catering employees. Through the implementation of these measures, it is believed that the development of China's catering industry will usher in a better tomorrow.