How long will it take for the catering and entertainment industries affected by the epidemic to recover? There are mainly the following very general factors.

Effective control of the epidemic situation

The epidemic situation in COVID-19 is fierce this time, and the mortality rate in Covid-19 is also very high. Since Wuhan began to face the whole country, travel has been restricted, and ordinary people dare not gather casually. Although many cities have resumed work and the catering industry has gradually liberalized, most people are still afraid of COVID-19's disease. Although some people dare to eat in restaurants, the number of people who eat is also limited. Unlike in the past, when so many people gathered for dinner, after several months, the public has begun to change their eating habits. Because there are still a small number of cases every day, and other countries around the world are still adding them every day, everyone is still worried about insecurity.

As cinemas, KTV and other entertainment venues, because the space environment is relatively closed, the country has not opened entertainment venues for the safety of the public. All this is because the domestic and global COVID-19 epidemic has not ended. Once the epidemic is controlled in the future, I believe that the catering industry and entertainment industry will begin to fully recover.

Economic recovery

The COVID-19 epidemic has dealt a great blow to the economy. Many enterprises and small business owners stopped production for several months, and suffered heavy losses and faced bankruptcy. Moreover, many people were isolated at home because of the COVID-19 epidemic, which reduced their income. At present, there is not much money in their pockets, and many people are unable or unwilling to spend outside. This is also an important blow to the catering industry.

With the decline of the public's spending power, the income of the catering industry will definitely decline. Only when the economy recovers in an all-round way will there be more dinners. In fact, the important consumers are all people with good economic income and some enterprises. When the economy begins to recover in an all-round way, everyone's income will rise, and they will dare to spend if they don't panic about the future. At this time, catering and entertainment can really recover.

National policy support

At present, many cities have introduced relevant policies to stimulate consumption. First of all, they have reduced taxes for enterprises and encouraged owners to reduce rents, all of which are alleviating the economic pressure of catering owners. Moreover, some cities are also issuing coupons, which can make ordinary consumers get benefits and be more willing to spend outside. However, at present, the distribution of coupons is limited, and it can not be fully popularized, but it has been effectively improved compared with the scene of closing the door and no consumption.

There is also the supply of credit. We know that the epidemic has come suddenly, and many catering and entertainment bosses have suffered very serious losses. At present, there are not many funds that can be maintained by continuing to open stores. In the future, maintaining catering and entertainment needs not only the policies of taxation and stimulating mass consumption, but also the support of national credit funds. As a catering and entertainment industry with high cash flow requirements, it needs to purchase materials, maintain store operations and pay employees' salaries, so it needs more funds to operate. If the state invests money in good catering and entertainment enterprises to help them have cash flow to support them, then the whole industry will pick up, and it will really recover after the epidemic.