Industry Analysis & Industry Trends
Changing social trends have fuelled a recovery of the Restaurants industry over the past five years. Bouncing back from a low point during the global financial downturn, the industry has posted annualised growth of 3.6% over the five years through 2014-15. The industry is expected to grow further by 2.0% during 2014-15 to total $11.7 billion. The strong growth over the past five years can also be attributed to changing social trends. Busier lifestyles, longer hours at work and an increasing squeeze on 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... 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