B2B drives market demand, with B2B spending representing 57.2% of total demand in 2023. Yum China Holdings Inc is the largest company in China, generating 4.8% of the industry’s total turnover value in 2023. The industry is fragmented, with the top four companies generating 7.1% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 1.3% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 20.7% of turnover in 2023, the seventh highest regionally. With turnover of USD965 billion, China accounts for 61.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Restaurants and Bars in China: ISIC 552. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Restaurants and Bars in China: ISIC 552 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of hotels and camping sites and restaurants, bars and canteens.
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