Industry Analysis & Industry Trends
Changing social trends have fuelled a recovery of the Restaurants industry over the past five years, helping it to bounce back from a low point during the global financial downturn. The industry is expected to post annualised growth of 3.6% over the five years through 2014-15, including a rise of 2.0% during the current year, to total $11.7 billion. Busier lifestyles and the diminishing availability of 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.
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 broadly 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 ambience and the 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