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Restaurants in New York - Industry Market Research Report

Restaurants in New York - Industry Market Research Report

  • January 2019
  • 23 pages
  • ID: 5745420
  • Format: PDF
  • By Ibisworld

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Order up: Operators will compete on price and service, restricting revenue growth

Abstract

Restaurants in New York
Increasing economic recovery will bring consumers back to Restaurants industry in New York. However, with people becoming more budget- and health-conscious, industry operators will be forced to change their menu offerings, expanding their menus to include healthier and more diverse food choices. Some businesses will also extend their global scope to take advantage of areas with low market saturation. These strategies will lead to moderate revenue growth in the coming years, but operators will continue to struggle in the intensely competitive market.

This industry comprises restaurants where patrons pay before eating. Purchases may be consumed on-site, taken out or delivered. Gross sales come from franchises and company-owned stores. Officially reported SEC company revenue (net revenue) refers to revenue obtained only from company-owned stores and franchise fees. Franchised stores’ gross sales revenue is not available to the franchisor. Net revenue is therefore always less than gross revenue.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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