Core Insights - Haidilao is transforming the dining experience by integrating hot pot with outdoor camping, aiming to connect emotions, culture, and lifestyle [1] - The trend of "outdoor +" is reshaping the restaurant industry, as traditional dining growth faces challenges [1][7] - The camping hot pot model has seen significant demand, with a 50% increase in bookings during the Dragon Boat Festival [3][4] Company Strategy - Haidilao has opened over a hundred camping hot pot locations, with the first in Beijing showing high occupancy rates during weekends and holidays [3][4] - The camping hot pot stores offer various dining options for different group sizes, catering to a diverse customer base beyond just hot pot enthusiasts [3] - The company is adopting a "single store, single creation" approach for its camping hot pot locations, allowing regional managers to tailor offerings based on local market insights [5] Industry Trends - The outdoor dining market is expanding, with a projected 31.9% year-on-year growth in camping-related dining transactions in 2024 [1][8] - The integration of dining with outdoor activities is becoming a new growth logic for the restaurant industry, moving beyond traditional metrics like taste and price [7][9] - The rise of outdoor dining experiences is driven by changing consumer preferences for diverse and personalized experiences [9][11] Challenges and Considerations - Outdoor dining incurs higher operational costs and faces challenges related to weather and seasonal factors [1][4][12] - Brands must ensure that new outdoor experiences align with their core values to avoid diluting brand identity [12][13] - The sustainability of the outdoor dining trend is questioned, with concerns about whether it will remain popular in the long term [12][13]