What is the reason for the decline of hotel catering revenue in 23 years?

The flow of people is small and the people's income is low.

1, less people flow. Due to the spread of COVID-19 epidemic and the implementation of closed management, the mobility of people in many places has been greatly reduced, so the customer flow of hotel catering has been significantly reduced.

2. The people's income is low. Because of the influence of COVID-19, the income of many industries has decreased, so the frequency of going to hotels for food and beverage consumption will also decrease.