Industry Analysis & Industry Trends
Industry revenue took a hit over the past five years due to low consumer confidence. As consumers cut back on discretionary spending, quick-service restaurants have outperformed full-service restaurants thanks to their more affordable prices. Nevertheless, the industry is expected to perform better over the next five years because of an improving Canadian economy and strengthening consumer sentiment... purchase to read more
Industry Report - Industry Investment Chapter
The Full-Service Restaurants industry is subject to a low level of capital intensity. For every $1.00 the average restaurant in the industry spends on wages in 2013, it will spend an estimated $0.09 on the use and replacement of capital.
The industry is highly dependent on direct labour input across all areas of operation, from waiting tables, delivery and food preparation, to liquor and beverage sales, cleaning and operational management. Due to the service nature of the industry, many of these labour-intensive functions cannot be substituted by technology or machinery. To meet customers' expectations and provide a quality and hospitable dining experience, a well-trained staff is required... purchase to read more