[Year-end trend] Year-end party, luxury cake flex VS mini cake cost-effectiveness
Who would buy a ‘300,000 won cake’?… ‘Sold out’, a rumor that makes no sense One side is flex, the other side is cost-effective… Christmas cakes are also ‘polarizing’ *Source_Yonhap News Christmas cakes, which increase in demand at the end of the year, also follow the ‘polarized consumption’ trend. As interest rates rise and real spending power decreases, many people are looking for cost-effective cakes, but on the other hand, hotel cakes, called 'small luxury', are also popular. Most hotel cakes have increased prices compared to last year due to increased raw materials. Even though it is sold in limited quantities through advance reservation, it still enjoys high popularity. An official in the hotel industry said, “Christmas cake planning begins in September, before the leaves begin to fall,” and “The more extravagant the design, including the cost of raw materials and labor costs, the more expensive the cake is bound to be.” Another hotel industry official said, “We are s...