Full-service restaurants faced a challenging year in Switzerland in 2024, with value sales in a negative figure decline, and with transactions and unit growth only marginally positive. This slump is attributed to the fact that full-service restaurants are those which charge the highest prices, thus, in a time of economic uncertainty and rising costs, consumers have become more price-sensitive. Within this, consumers are seeking dining options which offer good value for money, such as choosing le

Full-service restaurants in Ukraine continued to record a gradual recovery in 2024 amid persistent economic challenges. The ongoing impact of Russia’s war in the country and inflationary pressures continued to affect consumer spending habits, leading many to seek more affordable dining options. This shift prompted some full-service restaurants to adapt by offering budget-friendly menus and promotions to retain clientele. Additionally, there was a noticeable trend towards supporting local busines

Full-service restaurants managed to achieve a positive performance in Nigeria in 2024, despite a challenging economic climate. This positive performance was seen across value sales, transactions, and outlet numbers. However, challenges remain, due to the comparably higher prices seen in these establishments. Indeed, dine-in options at full-service restaurants are more expensive than options at limited-service restaurants, there have been rising costs of living, and higher costs associated with f

Although full-service restaurants in Germany appeared to be recovering towards the end of the review period, value sales did not reach pre-pandemic levels in 2024 following a decline. In addition, a full recovery is unlikely in the short term as recent inflation has placed the foodservice industry under immense pressure. Although consumers have generally returned to foodservice venues, they have been exerting caution in terms of expenditure.

Full-service restaurants in Indonesia recorded overall positive value sales growth in 2024, although this performance represented a slowdown compared to the previous two years. The significant decline in value sales for chained full-service restaurants was a key factor contributing to the slower growth. In contrast, independent full-service restaurants managed to sustain positive sales. Several factors contributed to the strength of independent operators despite a challenging economic environmen

Brazil’s macroeconomic situation in 2024 reflected a complex landscape, with moderate growth and inflationary challenges. The inflation rate closed the year above the ceiling target expected by the Central Bank of Brazil (BCB) of 3%. On the other hand, the unemployment rate, which reached its lowest level in recent years, contributed to a buoyant economic environment, which also put pressure on prices. The combination of a more restrictive monetary policy, with the basic interest rate (Selic) in

Starting 1 January 2025, the minimum salary in Mexico will increase by 12% compared with the previous year. This policy continues the trend set by the past administration to consistently increase the minimum wage to achieve higher purchasing power per household. Over the last administration the minimum salary increased by between 15% and 22% every year, increasing over 100% in real terms over the course of the six year period. In addition to this policy, in 2024 a new reform that regulates work

High interest rates and inflationary pressures for most of 2024 impacted many consumers’ disposable incomes. As a result, operators of full-service restaurants in South Africa were forced to focus on offering value to customers. Establishments achieved this through promotional activity, such as “two for one” specials and loyalty programmes which offered consumers rewards and other attractive offers, which in turn generated greater footfall and encouraged higher consumer spend per visit. Leading

Full-service restaurants maintained slow and steady growth in outlet numbers, and solid current value growth in China in 2024. In particular, all-you-can-eat hot pot has gained popularity, with many hot pot restaurants switching to all-you-can-eat from à la carte to increase customer flow and minimise operating costs in respect of labour. For example, Donglaishun, a player in chained full-service restaurants, launched an all-you-can-eat package for CNY95 inclusive of a soup base and unlimited se

Inflationary pressures have made operating within New Zealand’s hospitality industry very challenging with the price of food fluctuating and some restaurants struggling to do business. With many staple ingredients like dairy, meat and eggs experiencing high rates of inflation, food preparation costs have risen significantly. For full-service restaurants that rely on procuring high quality ingredients, the rising cost of raw materials is a considerable issue. Consumers are not dining out less fre

The surge in experience tourism across the Middle East and Africa is reshaping full-service restaurants in the United Arab Emirates, as travellers seek immersive, culturally enriching, and adventurous activities beyond traditional sightseeing and shopping. Rather than simply visiting landmarks, tourists are engaging in wellness retreats, cultural festivals, and culinary experiences that provide a deeper connection to the destinations they explore. This shift presents a unique opportunity for bus

In 2024, foodservice value sales in full-service restaurants in Taiwan increased by 2%, with outlet numbers also rising. Following the outbreak of COVID-19, the culture of dining out has made a full comeback in Taiwan. Restaurants have remained important places for social interaction. Unique and popular concepts have aided growth to remain positive in 2024. For example, Kura Susi is a popular Japanese conveyor belt sushi restaurant from Osaka that has gained a strong following in Taiwan. After e

Ful-service restaurants saw value sales fall in current terms in Portugal in 2024. The increases in the cost of living felt in the latter part of the review period and the strong rise in consumer foodservice prices overall negatively impacted full-service restaurants’ results. Not even the positive trend in tourism flows was able to prevent the decline in sales seen in 2024.

Full-service restaurants registered current value growth in Sweden in 2024. As in other consumer foodservice categories, growth was supported by the improving economic conditions in the country, which saw a lower rate of inflation, an increase in real wages and rising consumer confidence. However, many Swedish consumers remained concerned about their economic future. As a result, many still sought to save money by cooking more frequently at home at the end of the review period. Moreover, when th

Full-service restaurants were heavily impacted by the Israel-Hamas War in 2024. Following the outbreak of the war in late 2023, many of these restaurants closed as locals were not going out much and large numbers of employees were called up to serve in the reserve forces. Even as the market started re-opening in 2024, full-service restaurants were unable to staff their outlets due to the lack of available labour. Some players operated shorter working hours, and some remained closed for long peri

Full-service restaurants registered a strong performance in Malaysia in 2024, driven by the enduring popularity of Asian cuisine. Local consumers can choose from a wide range range of dining options, including Chinese full-service restaurants and Indian mamak stalls, serving dishes such as oti canai (a type of flatbread), nasi kandar (steamed price with an array of curries and side dishes) and teh Tarik (a rich, milky tea, In addition high-end Malay dining experiences, such as De.Wan 1958, offer

The gradual recovery of the Czech economy, particularly in terms of inflation, is benefiting full-service restaurants. During 2022 and 2023, rising living costs eroded consumers’ purchasing power, making them more cautious when it came to discretionary spending. With economic conditions beginning to stabilise in 2024, Czechs became more willing to dine out, driving increased demand for full-service restaurants. While higher menu prices led some to reassess their dining habits, the overall impact

Full-service restaurants in Australia continued to experience a weak performance in 2024. Unstable economic conditions resulted in consumer spending being curbed, with most of the income going towards paying for essentials, bills and debts. To help manage their budgets better, consumers have been spending less money on dining out, especially at full-service restaurants, instead making food at home or trading down to more affordable limited-service alternatives.

Full-service restaurants in Saudi Arabia has faced significant challenges in recent years, particularly due to the COVID-19 pandemic, which severely impacted the broader consumer foodservice industry. In addition, the channel has experienced strong competition from limited-service restaurants, whose lower prices were more suited to the difficult economic conditions prevailing at the end of the review period. Despite these obstacles, the market is recovering, with factors such as the influx of to

In 2024, full-service restaurants in Norway continued to see positive, if much slower, growth in terms of foodservice current value sales and transactions, while the rise in the number of outlets accelerated. Full-service restaurants remained by far the largest type in terms of foodservice value sales. This highly influential category remained highly fragmented, with independent outlets dominating the landscape. Importantly, full-service restaurants tend to suffer in periods of economic crisis o

In 2024, foodservice value sales for full-service restaurants in Slovakia grew by 3%, while outnumbers increased. However, Slovak consumers became increasingly reluctant to spend, which negatively impacted transaction volumes and slowed the growth of foodservice value sales compared to 2023. Fortunately, stable employment opportunities helped maintain value sales within full-service restaurants, while the rising average transaction value also contributed to positive growth in 2024.

Full-service restaurants in Peru continued to post positive growth in 2024, with value sales being stronger than in 2023. This positive trend was due to these establishments operating normally throughout the year without closures or restrictions. In contrast, many were severely affected by social protests in the first quarter of 2023, which forced them to close their doors in Southern cities like Puno, Arequipa, and Cusco, as well as in downtown Lima. Since full-service restaurants primarily foc

Full-service restaurants sustained positive growth in current value and transaction terms in 2024, albeit at a slower rate than the previous year. This was partially due to the normalisation of consumer behaviour following the eat-in boom experienced in the aftermath of the pandemic. Inflationary pressures also impacted demand, as players faced with rising input costs were forced to increase their prices or create more affordable dishes in an attempt to retain their profit margins. However, with

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-service restaurant was well below EUR20, but in 2024, main courses at the vast majority of full-service restaurants were at least EUR25.