Over the review period a new emerging trend came to light with the opening of speciality full-service restaurants that tend to bring something new and unprecedented to the market as well as focus on presenting consumers with a new experience. These included Mayrig a high-end rooftop restaurant delivering rich Armenian cuisine to Egyptian consumers, and a Mediterranean fusion restaurant serving speciality Spanish paellas and many other menu varieties straight from Barcelona La Ventana.
The Egyptian economy will continue to face turbulence from limiting imports, currency devaluation leading to obligatory rising inflation rates, and the Russia/Ukraine war. The expected fallout that will emerge from the Hamas/Israel war as well as expected changes in consumer behaviour will eventually lead to a reduction in spending on luxury dining experiences leading to a gradual decrease in the value of transactions.
Sodic, a real estate developer and Nobu Hospitality have just announced the expected opening of Japanese restaurant Nobu in Egypt by world-renowned chef, Nobu Matsuhisa. The brand is set to open in Sodic’s developments both in Cairo and in the North Coast.
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Full-Service Restaurants
FSR (full-service restaurants) encompasses all sit-down establishments where the focus is on food rather than on drink. FSR is characterized by table service and a relatively higher quality of food compared to quick-service units. Menus offer multiple selections and may include breakfast, lunch and dinner. Preparation of food products is often complex and involves multiple steps. NOTE: restaurants types catalogued in this segment refer to table-service only (outlets with a proper “full table service:” wait staff attending customers and taking orders at the tables). Outlets with “limited table service” are excluded from FSR. For example: outlets where customers order their food at the counter are excluded (even though the waiter will then bring the food at the table).
See All of Our DefinitionsThis report originates from Passport, our Full-Service Restaurants research and analysis database.
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