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 6.2% over the five years through 2015-16, to total $13.1 billion. Busier lifestyles and diminishing leisure time have increasingly led consumers to turn to restaurants for meals. 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 2.3% 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-quality 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 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