Premium Steak Restaurants
This industry experienced volatile revenue performance over the five years to 2011. Strong economic growth prior to the recession resulted in thriving revenue and an expanding industry as consumers flocked to restaurants to purchase premium dinners. During the recession, however, the number of customers dwindled as their incomes declined and corporate spending subsided. As the economy recovers, consumers are returning to restaurants, such as premium steakhouses, to purchase high-end meals.
The industry includes chain, franchised and single-location restaurants that provide premium steak to consumers. Customers order and are served by waiters or waitresses while seated, and they pay after eating. These establishments may provide food services 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.