Company: CCHH
Filing Date: 2025-06-26
Form Type: DRS
Source: 0001213900-25-058036
Chunk: 80

Company: CCH Holdings Ltd
Filing Date: 2025-06-26
Form: DRS
Chunk 80
---
luence in Malaysia, the annual average spending per person on dining -outin the country gradually increased at a CAGR of 2.8% from US$525.8 in 2019 to US$603.7 in 2024, despite the impact of the COVID -19pandemic in 2020. Going forward, the annual average spending per person on dining -outin Malaysia is projected to rise significantly, from US$679.5 in 2025 to US$988.1 in 2029, at a CAGR of 9.8%. Source: Frost & Sullivan Market Size of the Catering Services Industry in Malaysia The catering services industry in Malaysia has recorded a revenue of US$15.8 billion in 2019. However, the onset of the COVID -19pandemic in 2020 caused a sharp year -on -yeardecline of 21.6% as lockdowns and restrictions disrupted operations. The downward trend continued into 2021, with another year -on -yeardecrease of 10.0% reflecting the prolonged impact of the pandemic. 56 By 2024, the industry achieved a full recovery, with the actual revenue reaching US$16.5 billion, slightly exceeding pre -pandemiclevels, translating to a modest CAGR of 0.9% from 2019 to 2024. Looking ahead, the catering services industry is forecasted to expand significantly, reaching US$21.6 billion in 2029, representing a robust forecasted CAGR of 5.7% from 2025 to 2029, driven by economic growth, increased consumer spending, and rising demand for catering services across events and food service segments. Source: Frost & Sullivan Market Size of Specialty Hotpot Restaurant in Malaysia According to Frost & Sullivan, a specialty hotpot restaurant refers to restaurants serving predominantly hotpot cuisine, where customers cook raw or semi -preparedingredients such as meat, seafood, vegetables, and noodles in a boiling broth at their table. These restaurants typically provide a variety of broth flavors, dipping sauces and ingredient options, allowing customers to customize their meal. Hotpot restaurants emphasize social interaction, shared dining, and a highly personalized culinary experience. The market size of specialty hotpot restaurants in Malaysia has demonstrated a steady increase at a CAGR of 2.3% from US$236.4 million in 2019 to US$265.1 million in 2024, in terms of revenue, despite the