Sales across full-service restaurants in the forecast period will be driven by professionals eating out and tourism – both of which are on an upward trend. International cuisine is set to perform better than European offerings, with widespread availability and many operators available in areas with lower purchasing power, which is important for the swift recovery of full-service offerings.
Beyond increased disposable incomes across the forecast period and the return to work and out-of-home entertainment, delivery services will provide a source of growth for players in full-service restaurants.
Independent players will continue to dominate full-service restaurants over the forecast period, as chains are less likely to invest in expanding following the impact of COVID-19, with no new chained brands expected to enter the market. Independent operators are set to develop differently, depending on the locations.
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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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