Restaurant business is thriving worldwide20 Jun 2010 • by Natalie Aster
According to a report released by Barnes Reports and entitled Full-Service Restaurants Industry, restaurant profits in large countries grow by an average of 3-7% a year.
America offers the most favorable terms for the restaurant business development due to high profitability in the sector and ongoing 7% revenue growth rate. Profit breakdown is as follows: $176.3bn in 2006, $189.6bn in 2007 (forecasted), $203.4bn in 2008 (forecasted).
Despite slight slowdown, Japanese restaurant business profits are stable and world’s second-largest (61.3% of the US market). Profit breakdown: $97.6bn in 2004, $107.8bn in 2005, $109.8bn in 2006, $116.2bn in 2007 (forecasted) and $120.9bn in 2008 (forecasted).
Germany holds the third place with 28.8% of the US market. However, this market in Germany is rather unstable and profits grow by 3-5% a year. Profit breakdown: $52.1bn in 2006, $54.6bn in 2007 (forecasted), $56.5bn in 2008 (forecasted).
The annual report Full-Service Restaurants Industry analyses the state of restaurant services market in 45 countries. This report also provides the most current and accurate information on sales, employment, number of establishments in the sector; it gives sector’s development forecasts and its 5-year trend analysis.
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