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 Products Chapter
The Restaurants industry can be segmented into three main groups. The first is the high-end silver service or premium dining segment, which offers high levels of service, luxury settings and quality food and ingredients. Well-known or celebrity chefs often prepare the food and menu, with the high prices also reflecting the ambience and overall dining experience. The second is the middle-range dining segment, which typically offers good-quality food, moderate prices and a small range of takeaway food options. The third is the low-cost dining segment, which relies on quick service, high table turnover, low-price menus and a limited range of food and specialties. Restaurants in this segment generate higher takeaway revenue... purchase to read more