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
The geographic spread of the industry is closely correlated with population and income distribution, and general economic activity. Restaurants tend to be located in densely populated areas where they will have greater exposure to consumer traffic. Consequently, New South Wales, Victoria and Queensland account for 81.4% of industry establishments, and 77.0% of the population. On the other hand, less populous states and territories such as Tasmania, the Australian Capital Territory and the Northern Territory account for a smaller share of the industry, representing a combined 4.3% of establishments, and less than 5.0% of the population.
New South Wales and Victoria represent a larger share of restaurants than their population base would indicate... purchase to read more