The Impact Caused by the COVID-19 Pandemic Re-opening on Catering Industry in China: A Short-Term Perspective

As the development of rational epidemic prevention policies, catering industry was under a period of recovery after the downturn caused by Covid-19. Depending on some studies, Covid-19 pandemic have great impacts on consumer behavior including eating less in public restaurants and having high requirements on restaurant environment; as a result, many restaurants suffer heavy losses. The implementation of full deblocking policy is double-edged for the rebound of catering industry market. In this article, we focused on catering factory market in China and daily stock data from February 2020 to June 2023 is extracted. The study used the ARIMA model to assess the relationship between variables. Based on the result, the deblocking policy have an obvious positive simulation on catering industry in short term but already have the tendency to get into a bull market. The study analysis the degree of the impact caused by the Covid-19 on catering industry in China and offers its stakeholders to avoid investors pile into a stock and other follow.