国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Business-starved high-end restaurants seek new profit staples

By LIU ZHIHUA (China Daily) Updated: 2015-05-02 09:55

Many diners share similar stories on Dianping.com, a leading food review website.

Rather than create junior-brand restaurants, Xiang'eqing expanded its investments to include environmental protection, film and data, and changed its name in mid-2013-to no avail.

The Liulaogen Guild Hall, a high-end club owned by famous Chinese comedian Zhao Benshan once famous for its expensive stage performances and dinners, closed its outlet in downtown Beijing earlier this year. It recently re-opened as a mid-range restaurant serving Northeast Chinese food.

Wenyuelou Restaurant, a luxury club in Beijing's Zizhu Park, or Purple Bamboo Park, has also transformed into a Cantonese restaurant targeted at attracting a high turnover of customers.

Wangshunge, a Beijing-based restaurant chain celebrated for seafood and Cantonese restaurants serving fish head, is among the success stories of those that have adapted.

The company focused on medium-range to high-end eateries from its establishment in the late 1990s until the release of the new rules in December 2012.

It had just opened its second seafood restaurant, a 6,000-square-meter eatery, with a 60 million yuan investment.

Founder and CEO Zhang Yaqing decided to switch its offerings from seafood menus that cost at least 400 yuan a head to Cantonese meals priced around 120 yuan a person.

Zhang lowered the seafood price to about 300 yuan per customer and nixed pricey seafood offerings from its Cantonese restaurants, and enriched the choices of their most famous offering, fish head with pies.

"It wasn't an easy decision because the other executives opposed it," Zhang said.

The seafood restaurant contributed nearly half of the group's profit.

"But it was obvious to me even before the eight points were released that the anti-corruption campaign would be long-lasting," she said.

While others struggled to keep existing restaurants open, Wangshunge has been expanding since 2014. It opened another six Cantonese outlets that year.

Zhang credits the company's recent rapid development despite an unfavorable environment to its quick response to government policy.

"People welcome the anti-corruption campaign," Zhang said.

Feng, of the CCA, speaks highly of chains that have succeeded by entering the market's lower end over the past two years.

"It's unwise to divide demand into high-end and low-end because even ordinary people occasionally need to enjoy fine dining," Feng said.

"High-end eateries that have declined in the past years are those who still cling to the model propped up by public spending and ignore ordinary consumers.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
惠州市| 临洮县| 元氏县| 博野县| 乌审旗| 囊谦县| 和硕县| 江永县| 高邮市| 双江| 蒙山县| 乌兰浩特市| 思南县| 安徽省| 渭源县| 扬州市| 太白县| 新昌县| 浪卡子县| 弥渡县| 南京市| 定日县| 湖州市| 扶绥县| 青龙| 黑龙江省| 宜宾市| 巴里| 车险| 上杭县| 玉林市| 镇远县| 乌苏市| 收藏| 汪清县| 连江县| 岳阳市| 南川市| 比如县| 洛川县| 子长县|