Industry Analysis & Industry Trends
The Full-Service Restaurants industry has been recovering strongly over the past five years. Industry performance has been largely influenced by trends in consumer preferences. As disposable income and consumer confidence has recovered, consumers have returned to full-service dining, which has greatly expanded as consumer tastes have become more adventurous. Since the industry returned to its size prior to the 2008 economic crisis, growth has slowed slightly, with revenue increasingly under pressure from the growth of takeaway apps that have drawn customers away from full-service restaurants.
Despite strong growth in the industry, some of the UK's biggest restaurant chains have struggled to expand... purchase to read more
Industry Report - Industry Analysis Chapter
The Full-Service Restaurants industry has returned to strong growth in the five years through 2016-17, following difficult conditions in the wake of the economic downturn. The global economic slowdown led to people visiting restaurants less, with consumers trading down to takeaway or supermarket ready meals. However, from 2011-12 recovering economic conditions helped to draw consumers back to restaurants and increase industry revenue. This continued after 2011-12, with industry revenue increasing by 7.6% in 2012-13 as consumers became less guarded with their spending. Growing demand for new cuisines helped new restaurant brands like Nando’s and Wagamama rapidly grow in popularity. This growth slowed slightly in the following years as industry revenue exceeded its pre-crisis level.
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