Industry Analysis & Industry Trends
Changing social trends have fuelled strong growth for the Restaurants industry over the past five years. The industry is expected to post annualised growth of 4.3% over the five years through 2015-16, to total $12.0 billion. Busier lifestyles and diminishing leisure time have increasingly led consumers to turn to restaurants as a solution. Restaurants have allowed consumers to combine dining with leisure and avoid spending time on food preparation. These trends are expected to continue in 2015-16, with industry revenue forecast to grow by 2.0% during the year.
Consumer demand for quality food and fine dining experiences has fuelled industry revenue growth over the past five years... purchase to read more
Industry Report - Industry Locations Chapter
Industry enterprises are generally spread according to the share of population by state and territory. Within individual cities, there tends to be a greater concentration of establishments in higher-than-average household income areas and in central business districts (CBDs). The population of each state has a direct influence on the number of restaurant-goers. Therefore, more densely populated states have a higher proportion of restaurants to service consumer demand. The bulk of the population resides in Australia's eastern states, which account for the vast majority of industry establishments.
As Australia's most populous state, New South Wales accounts for the largest share of industry establishments and employees... purchase to read more