Abstract
Scientific analysis of influencing factors is of great importance for the healthy development of catering and food service industry. This study attempts to present a set of critical indicators for evaluating the contribution of influencing factors to catering and food service industry in the particular context of Harbin City, Northeast China. Ten indicators that correlate closely with catering and food service industry were identified and performed by the principal component analysis method using panel data collected from 2000 to 2011. The result showed that three principal components were extracted out of ten indicators, which can be synthesized respectively as comprehensive strength of catering and food service industry, development of social and economy and residents' consumption willingness to catering services. Additionally, among ten indicators, five relatively important indicators were prioritized as Revenue from principal business of above designated size, Profits of principal business, Cost of principal business, Total investment in fixed assets in hotel and catering services and Retail sales of hotel and catering services.
Highlights
As an important part of service industry, catering and food service industry is the important carrier of the brand and culture for a country or region with the characteristics of wide market, extensive influence and more employment opportunities
After the analysis of the current situation of catering and food service industry at home and abroad, ten indicators were identified as influencing factors
Five relatively important indicators in terms of catering and food service industry were prioritized as Revenue from principal business of above designated size (x8), Profits of principal business (x10), Cost of principal business (x9), Total investment in fixed assets in hotel and catering services (x5) and Retail sales of hotel and catering services (x6)
Summary
As an important part of service industry, catering and food service industry is the important carrier of the brand and culture for a country or region with the characteristics of wide market, extensive influence and more employment opportunities. Many countries have designed and developed catering and food brand with own features and style, such as the Beer Festival of Munich in German, Pickled Cabbage Festival in South Korea, series unique meal of cactus and corn in Mexico, Samba Carnival and characteristic barbecue in Brazil and so on. These unique food resources and new product ideas attract tourists from all over the world, and bring considerable catering income (Kang, 2010)
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