地摊爆火，实体门店急了？

Core Insights - The rise of the "night market economy" is significantly impacting traditional brick-and-mortar restaurants, leading to increased competition and consumer preference for lower-priced street food options [3][15][22] Policy and Market Environment - The government has been supportive of the street vendor economy since 2020, with cities like Shanghai and Chengdu designating specific areas for vendors, thus expanding their operational boundaries [5][9] - The changing market environment, characterized by consumers becoming more price-sensitive, has led to a surge in demand for affordable street food, which aligns with consumer preferences for high value [7][19] Impact on Traditional Restaurants - Traditional restaurants are facing challenges due to the influx of street vendors, which has resulted in a significant loss of customers and revenue for some establishments [19][21] - The operational costs for brick-and-mortar restaurants, including rent and wages, create a financial burden that street vendors, with their lower overhead, do not face [16][20] Competitive Dynamics - The competition between street vendors and traditional restaurants is not strictly zero-sum; both can coexist if they target different consumer segments [32][33] - The rapid growth of street vendors has led to market saturation in some areas, resulting in intense competition among vendors themselves [35][36] Future Outlook - The street vendor economy is expected to continue evolving, with a need for both street vendors and traditional restaurants to adapt to changing consumer demands and market conditions [37][38]