Full-Service Restaurants in Canada - Industry Market Research Report
Description
Full-Service Restaurants in Canada
The Full-Service Restaurants industry in Canada has experienced an expansion in performance over the past five years, as the COVID-19 (coronavirus) pandemic erased several years of steady growth, but a forecast strong recovery offset this trend. Before the pandemic, rising per capita disposable income and consumer spending levels drove industry expansion. However, the pandemic created an unprecedented and steep fall in industry revenue, leading to widespread layoffs and closures. While remaining restaurants have adapted to unfavourable operating conditions by offering takeout and delivery options, depressed sales and rising costs have led to poor profitability among industry establishments. However, industry revenue is anticipated to recover as the broader economy expands. As a result of these dynamics, industry revenue is estimated to climb an annualized 4.5% to $52.1 billion over the five years to 2023, including an increase of 8.6% in 2023 alone.
The Full-Service Restaurants industry in Canada includes restaurants that provide food services to patrons who order and are served while seated (i.e. waiter or waitress service) and pay after eating. These establishments may provide this type of food service to patrons in combination with selling alcoholic and other beverages.
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."
The Full-Service Restaurants industry in Canada has experienced an expansion in performance over the past five years, as the COVID-19 (coronavirus) pandemic erased several years of steady growth, but a forecast strong recovery offset this trend. Before the pandemic, rising per capita disposable income and consumer spending levels drove industry expansion. However, the pandemic created an unprecedented and steep fall in industry revenue, leading to widespread layoffs and closures. While remaining restaurants have adapted to unfavourable operating conditions by offering takeout and delivery options, depressed sales and rising costs have led to poor profitability among industry establishments. However, industry revenue is anticipated to recover as the broader economy expands. As a result of these dynamics, industry revenue is estimated to climb an annualized 4.5% to $52.1 billion over the five years to 2023, including an increase of 8.6% in 2023 alone.
The Full-Service Restaurants industry in Canada includes restaurants that provide food services to patrons who order and are served while seated (i.e. waiter or waitress service) and pay after eating. These establishments may provide this type of food service to patrons in combination with selling alcoholic and other beverages.
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."
Table of Contents
43 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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