Category: Restaurants
Restaurants market research reports by Euromonitor International
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Full-Service Restaurants in Greece
The decline in disposable incomes continued to impact domestic spending on foodservice in 2024. Consumers increasingly traded down to cheaper options, such as limited-service restaurants, reduced the frequency of dining out, and became more conservative with their spending. Menu prices in full-servi ... Read More
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Consumer Foodservice By Location in Finland
Unlike in the wake of COVID-19, 2024 saw no major changes in consumer foodservice by location in Finland. In general, consumer foodservice value sales stagnated, mostly due to the weak performing Finnish economy, low consumer confidence and many households trying to cut spending on non-essentials. D ... Read More
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Consumer Foodservice By Location in Greece
In 2023 and 2024, tourist flows to Greece performed well, contributing to revenue for consumer foodservice in travel and lodging locations. However, spending in 2024 was impacted by the ongoing cost of living crisis, which eroded disposable incomes across Europe and diminished purchasing power. Hike ... Read More
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Consumer Foodservice By Location in the Netherlands
Consumer foodservice through travel and leisure recorded muted value RSP growth in 2024. One of the main reasons for this was the lower-than-expected number of inbound tourists. In particular, lower numbers of tourists from the US and the UK had a negative impact on sales at leisure and travel locat ... Read More
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Consumer Foodservice By Location in Hungary
Consumer foodservice in Hungary is experiencing a general decline in outlet numbers, with more closures than openings across all locations in 2024. Retail-based foodservice has been particularly hard hit, as inflation pressures consumers to cut back on discretionary spending, prioritising essential ... Read More
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Cafés/Bars in Singapore
Cafés/bars exhibited modest foodservice sales growth in current value terms in 2024, however this represented a slowdown as compared to the previous year’s growth. This can be attributed to rising prices and growing value-seeking behaviour amongst consumers, with the volume of transactions actually ... Read More
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Consumer Foodservice By Location in Poland
Poland's tourism industry experienced significant growth in 2024, providing a substantial boost to consumer foodservice operators, particularly those in travel hubs and popular tourist destinations. In the first half of 2024, according to official government statistics, 16.9 million tourists were ac ... Read More
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Limited-Service Restaurants in Romania
The positive performance of limited-service restaurants in Romania in 2024 was attributable to their convenience and lower prices than full-service restaurants, which made them an attractive choice for consumers facing higher living costs and reduced purchasing power. Limited-service restaurants als ... Read More
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Consumer Foodservice in the Netherlands
After a rapid post-pandemic recovery, the performance of consumer foodservice in the Netherlands in 2024 was disappointing. This was particularly evident in the first half of the year due to adverse weather conditions. Although the total number of transactions increased slightly and has now reached ... Read More
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Consumer Foodservice in Hungary
Despite ongoing economic pressures, the Hungarian consumer foodservice market remained resilient in 2024, demonstrating positive growth in current value terms. The country continues to struggle with one of the highest inflation rates in the European Union, affecting both consumers and businesses. Ri ... Read More
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Consumer Foodservice in Poland
The consumer foodservice market in Poland continued to see growth in both transaction volumes and current value sales in 2024, albeit at a slower pace than in recent years. This was partly due to the normalisation of consumption habits, after the rapid post-pandemic rebound in 2021-2022. Moreover, p ... Read More
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Full-Service Restaurants in the Netherlands
Reduced spending power and high prices affected full-service restaurants in the Netherlands in 2024, with slower growth in terms of transactions and RSP value, and only modest growth in the number of outlets. At the beginning of the review period, the price for a main course at an average full-servi ... Read More
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Consumer Foodservice By Location in Singapore
After seeing dynamic double-digit growth in current value terms in 2023, foodservice within lodging locations saw only modest sales growth in 2024. This trend suggests a maturation of the market and a need for innovative strategies to reignite growth, with the dynamism seen in 2023 fuelled by a rebo ... Read More
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Consumer Foodservice in Finland
Consumer foodservice in Finland experienced another challenging year in 2024, following the pressures caused by Coronavirus (COVID-19) and high inflation earlier in the review period. The main issues were a chronically underperforming Finnish economy, with little growth since the 2008-2009 financial ... Read More
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Consumer Foodservice in the Philippines
In 2024, consumer foodservice in the Philippines showed resilience, driven by the country’s growing middle class and their increasing preference for dining out as the local economy strengthens. The category grew steadily, with local consumers continuing to prioritise experiences and convenience in t ... Read More
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Consumer Foodservice in Singapore
The goods and services tax (GST) rate in Singapore was raised from 8% to 9% from 1 January 2024, which led to an increase in the cost of dining out. It also led to an increase in the prices of essential goods and basic necessities which negatively impacted consumer purchasing power in 2024. As a res ... Read More
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Cafés/Bars in the Philippines
In 2024, cafés/bars in the Philippines recorded moderate growth in terms of both current value and volume of transactions, albeit at slower rates than the previous year of the review period as consumer behaviour normalised post-pandemic. Growth was driven by an increase in consumer mobility and an i ... Read More
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Self-Service Cafeterias in the Philippines
In 2024, street stalls/kiosks in the Philippines grew at a slower rate than the previous year of the review period, primarily due to increased competition from fast-food chains, convenience stores, coffee shops and other foodservice establishments offering affordable alternatives. For instance, milk ... Read More
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Cafés/Bars in Greece
In 2024, foodservice value sales in cafés and bars in Greece grew by 3%, although the number of outlets declined. From July 2024, the VAT rate on coffee changed, rising from 13% to 24% when table service was included. This led to price increases for sit-in coffee. Cafés offering table service adapte ... Read More
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Cafés/Bars in the Netherlands
Cafés/bars recorded growth in both value RSP terms and the total number of transactions. However, the increase in average prices and concerns about consumer purchasing power had a negative effect on the category. Local consumers became more careful with their spending, leading some to forgo purchasi ... Read More
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Limited-Service Restaurants in the Netherlands
Limited-service restaurants in the Netherlands saw mixed results in 2024. In terms of the number of transactions and foodservice RSP, there was a further increase in overall value. However, the number of outlets declined. This category still has a relatively large number of outlets that can be chara ... Read More
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Cafés/Bars in Hungary
Hungary’s cafés/bars experienced a decline in outlet numbers in 2024, driven by persistent inflation, reduced consumer spending, and shifting social habits. The pub scene, in particular, has suffered a significant downturn, signifying not just an industry setback but a cultural shift in Hungarian so ... Read More
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Self-Service Cafeterias in Hungary
In Hungary, the growing trend of workers returning to offices is driving a resurgence in self-service cafeterias. As companies scale back remote work options and mandate in-person attendance, office occupancy rates are rising, leading to increased foot traffic in nearby dining establishments. This s ... Read More
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Limited-Service Restaurants in Hungary
Limited-service restaurants in Hungary registered double-digit growth in current value terms in 2024, having embraced a two-pronged strategy to attract a broad customer base. On the one hand, players emphasised affordability by maintaining value-driven and budget-friendly offerings, catering to pric ... Read More
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Self-Service Cafeterias in Poland
Self-service cafeterias were among the strongest performers in Poland's consumer foodservice industry in terms of current value sales growth in 2024. Much like limited-service restaurants, these establishments proved more resilient to the cost-of-living crisis than other categories, largely due to t ... Read More
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