Slow service: The high cost of living in 2023 is diluting revenue growth
Spending on restaurants, fast-food and takeaway businesses largely depends on income levels. Revenue can take a hit in times of high inflation as everything becomes more expensive and customers subsequently cut back on spending on out-of-home eating. The COVID-19 pandemic and the cost-of-living crisis have created challenging operating conditions for industry players.
Industry firms provide food for consumption on or off the premises. Included in this industry are full-service restaurants, fast-food restaurants and establishments selling prepared takeaway meals. Cafes selling cold snacks, and pubs are excluded from the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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