Industry Analysis & Industry Trends
Changing social trends have fuelled strong revenue growth for the Restaurants industry over the past five years. The industry is expected to post annualised revenue growth of 5.6% over the five years through 2016-17, to total $20.4 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 2016-17, with industry revenue forecast to grow by 3.3% 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 Key Buyers Chapter
The Restaurants industry is characterised by a low level of market share concentration, with no player accounting for more than 5% of revenue. The industry is highly fragmented and dominated by small, individual businesses. Barriers to entry are low, and therefore do not significantly inhibit new players. Over 73% of restaurants hire less than 20 people, and just under 20% are owner-operated, non-employing businesses. Few businesses in the industry employ more than 100 people, and the majority of those that do are located in New South Wales and Victoria. Some renowned chefs have successfully built a larger portfolio of restaurants in these states. These establishments benefit from their association with the chef... purchase to read more