The forecast period is expected to see full-service restaurants in Hungary record a positive performance, although sales growth is set to remain under pressure due to the adverse economic situation and the pressure that has come on discretionary spending due to high inflation. Operators across the channel are already struggling with limited financial resources during the post-pandemic era at a time when the interest rates on business loans continue rising.
During the forecast period, it is expected that Hungary’s burgeoning fine dining scene will increasingly expand beyond Budapest and the Hungarian capitals and into key tourist resorts and major urban areas throughout the country’s territory. Historically, Budapest has been the nexus of Hungary’s fine dining scene and it is likely that there will remain numerous very well-regarded upscale restaurants located in the national capital.
Traditionally, chains have had little influence on full-service restaurants in Hungary and is sales were still dominated by independent operators at the end of the review period. This is largely due to the preferences of local consumers, the majority of whom would rather opt for local cuisine, delicacies and specialties.
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FSR (full-service restaurants) encompasses all sit-down establishments where the focus is on food rather than on drink. FSR is characterized by table service and a relatively higher quality of food compared to quick-service units. Menus offer multiple selections and may include breakfast, lunch and dinner. Preparation of food products is often complex and involves multiple steps. NOTE: restaurants types catalogued in this segment refer to table-service only (outlets with a proper “full table service:” wait staff attending customers and taking orders at the tables). Outlets with “limited table service” are excluded from FSR. For example: outlets where customers order their food at the counter are excluded (even though the waiter will then bring the food at the table).See All of Our Definitions
This report originates from Passport, our Full-Service Restaurants research and analysis database.
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