Recovery Rates of Sector Verticals Through the Lens of Digital Data: Casual Dining
Over the last twenty years, the USA and the UK have endured several economic crises that affected almost all industries in varying severity. One sector that is hit particularly hard by periods of economic downturn is casual dining. As consumers have less income available for non-essential spending, casual dining suffers. Pre-coronavirus, the industry was already […]
The takeaway takeover
The competition between casual dining and delivery services heats up… As casual dining brands seek revenue returns through delivery partnerships, with Burger King, McDonald’s and KFC joining the charge, and online food delivery networks growing in size – with revenue expected to show an annual growth rate of 6.5% (CAGR 2020-2024) resulting in a market […]
Brexit economic uncertainty or seasonality? Why the restaurant sector is seeing a decline
Why is the restaurant sector seeing a decline? Economic uncertainty following Brexit and Trump has reduced the disposable incomes of many, increasing the preference of “dining in” as opposed to “dining out”. Restaurants: like-for-like sales -0.6% Pubs: like-for-like sales -1.2% YOY sales: -1.0% Intent to go out: -2.93% Political impact on decision to go out: […]
