Full-Service Restaurants in Hungary

2020 IMPACT

Fine dining establishments are worst affected by the fallout of COVID-19

Premium-oriented fine dining full-service restaurants were hardest hit by COVID-19 in 2020, as they tend to be heavily dependent on inbound tourism. Moreover, with the economic fallout of the pandemic making Hungarians more budget-conscious, these establishments held limited appeal for local consumers during the summer months, when foodservice outlets were able to operate without major restrictions.

Extremely difficult trading conditions drive many independents out of business

Although fine dining establishments were worst affected, all types of full-service restaurants across all price segments saw sales plummet in 2020 due to the fallout of the pandemic. The entire category suffered as inbound tourism collapsed and local consumers became much less likely to visit these outlets due to public health restrictions, fear of contracting COVID-19 and the widespread adoption of remote working policies by employers.

Pandemic compels operators to develop takeaway and home delivery solutions

After having increased at a steady pace earlier in the review period, the number of full-service restaurants in Hungary offering takeaway and home delivery soared in 2020 as a result of COVID-19. Even operators that had previously never considered providing these services felt compelled to quickly develop takeaway and delivery capabilities to ensure they had some chance of maintaining revenues as public health restrictions and consumer concerns about community transmission of the virus caused eat-in trade to decline dramatically.

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