Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)

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Analyzing the Impact of COVID-19 in China’s Restaurants Industry: Revenue from Meals and Revenue from Meals above Designated

Authors
Haohao Yang1, *
1College of Letters and Science, University of California, Davis, CA, 95616, United States
*Corresponding author. Email: hhya@ucdavis.edu
Corresponding Author
Haohao Yang
Available Online 27 October 2024.
DOI
10.2991/978-94-6463-546-1_22How to use a DOI?
Keywords
China; Restaurants Industry; COVID-19; ARIMA model
Abstract

COVID-19 has a significant impact on the world’s economy, which includes China’s restaurants industry. Thus, in this paper, it shows the fluctuations of Revenue from Meals and Revenue from Meals above Designated after the start of COVID-19. The study uses the data before COVID-19 to forecast through ARIMA model. Examining the disparity between the actual and the predicted data, the result will display the practical impact on China’s restaurants industry. The difference between the actual values of revenue and the forecasted values is decreasing at first, but increasing gradually after March 2020. This paper proves that restaurants above designated have less impact than all restaurants. The results from the study can explain that the restaurants industry is easily affected by public health problems. The developing trend of restaurants industry is not to be underestimated. Policy makers need to have corresponding preparatory strategies to reduce the loss of the sudden public health crisis. Restaurants’ leaders can develop various operating models as well.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
27 October 2024
ISBN
978-94-6463-546-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-546-1_22How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Haohao Yang
PY  - 2024
DA  - 2024/10/27
TI  - Analyzing the Impact of COVID-19 in China’s Restaurants Industry: Revenue from Meals and Revenue from Meals above Designated
BT  - Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)
PB  - Atlantis Press
SP  - 197
EP  - 205
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-546-1_22
DO  - 10.2991/978-94-6463-546-1_22
ID  - Yang2024
ER  -