Industry Analysis & Industry Trends
The Full-Service Restaurants industry has endured a difficult time over the past five years. The economic downturn caused many consumers to cut back their discretionary spending on activities such as dining out. Some traded down to cheaper takeaway options or chose to cook at home instead. Changes to government regulation and policies concerning wage costs, alcohol tax and food safety have prevented growth. Industry profitability is estimated to have dropped because of declining patronage, falling prices and rising labour and food costs. Several struggling operators have been forced to exit the industry but some have found opportunities to expand their operations... purchase to read more
Industry Report - Industry Locations Chapter
In terms of industry revenue, the geographic spread of the industry follows the size and spread of the population and trends in disposable incomes. The level of tourist activity in each area also has some influence on establishment locations.
London accounts for the largest share of industry establishments, with nearly 20% located there. This region is the second most populous in the United Kingdom, with about 7.5 million residents (12.4% of the population) and the highest gross disposable income per capita, at almost £18,000. It is a globally recognised tourist destination and one of the most influential financial centres in the world... purchase to read more