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Why this year's restaurant business is not as good as in previous years?
Three public consumption ban

Since this year, in the context of strict control of "three public" consumption, a cold wave of consumption swept through the catering industry listed companies, many high-end catering companies have experienced a historic decline in performance, were forced to cut off the arm of the self-help, or to change the line of self-preservation. Catering enterprises all of a sudden back to winter, but also exposed the existence of long-standing ills.

For the performance of a large area of decline, most of the listed companies in the catering category that the main reason is to limit the "three public consumption" leading to the shrinkage of the high-end market. Xiang E love announcement, "eight provisions" "six bans" introduced, the company's restaurant catering business revenue fell sharply, and some stores are in a sustained state of loss and the prospects for reversing the loss is not clear.

Other listed companies in the restaurant category also coincided with the market as the "main culprit". Quanjude said the main reason is affected by the market environment, high-end hospitality business decreased. Xiaonanguo made an announcement that it was affected by the government's policy of restricting banquets and hospitality, as well as the impact of macroeconomic growth slowdown and other factors.

Industry insiders believe that the decline in high-end catering operations, and curb public spending related, but this is only the appearance of the high-end catering industry in the luxury consumption is a kind of aberrant consumption, "red-hot" official consumption, business consumption, after the ebb, exposed to the development of high-end catering industry drawbacks and the industry's persistent problems, transformation and upgrading is the only way out. The only way out.

By the "three public consumption ban" impact of high-end catering in Chengdu reappeared closed tide, which is only a microcosm of the national catering industry. Catering industry due to "three public consumption" and prosperity, which shows a "sick" social phenomenon. This phenomenon, with the economic and social development, with the central government to clean political construction of the importance of the people's masses of leading cadres, "clean" the "expectation value" is increasing, with the government's work required by the improvement of the integrity index, will inevitably get in time with the necessary rectification and correction. Necessary rectification and correction. In this way, to be able to protect our party and the country's healthy muscle "immunity", to be able to enhance the credibility of the government's work, to be able to strengthen the sense of service of government workers.