Haidilao, as an industry leader, is relatively guaranteed quality and has relatively high service fees. On the other hand, Loyal King is regarded as a third-rate copycat brand, which may be slightly inferior in quality and flavor but is relatively cheaper.
According to specific data, the per capita consumption of Liao Wang will be 123.7 yuan, 128.1 yuan and 123.9 yuan in 2019, 2020 and the first half of 2021, respectively. While Haidilao's per capita consumption was 105.2 yuan, 110.1 yuan and 107.3 yuan during these periods, showing that Haidilao's consumption price is relatively lower.
In summary, for the question of which hot pot brand is cheaper, both Haidilao and Lao Wang have their own advantages and disadvantages. If you are looking for higher quality, you may choose Haidilao as a better choice; if you are looking for a more affordable hotpot restaurant, Liao Wang may be a better choice.