Core Viewpoint - The article discusses the rising prices in Beijing's hotel dining sector, primarily driven by increased costs of imported beef and other food materials due to trade tensions and supply chain disruptions. Group 1: Price Increases - The price of a signature ribeye steak at a well-known restaurant in Beijing has increased from over 300 yuan to 420 yuan, indicating a significant price adjustment [4][5][11] - Many high-end hotels in Beijing are adjusting their menus and prices, reflecting a broader trend of rising costs across the industry [11][12] Group 2: Causes of Price Increases - The increase in food prices is attributed to a reduction in the supply of imported beef, pork, and soybeans due to trade tensions, leading to higher raw material costs [13][17] - Recent data shows a 12.3% year-on-year decline in imported beef, with March imports dropping to 210,000 tons [15] - The cost of imported beef from countries like Brazil, Argentina, and Australia has risen by 15% to 25% [17] Group 3: Impact on the Industry - High-end hotels are particularly affected due to their reliance on imported ingredients, with average customer spending ranging from 300 yuan to over 1,000 yuan [16] - The rising costs force hotels to make difficult choices between increasing prices or compromising on quality, which could lead to customer dissatisfaction [30][31] - The supply chain's unpredictability adds pressure, with delays in receiving high-quality ingredients becoming common [33] Group 4: Consumer Perception - Customers may not understand the reasons behind price increases, leading to potential backlash if they perceive a decline in quality [34] - The article suggests that the changes in pricing and quality will become more apparent in everyday dining experiences, reflecting broader economic trends [38][39]