Cafés/bars are set to continue to grow during the forecast period, as daily life normalises and population growth also supports value growth. However, as long as inflation continues to rise at price, consumers will be cautious about their spending.
High-end restaurants specialising in local cuisine is becoming increasingly popular and this trend will continue over the forecast period. A newly opened example is The Burgundy restaurant in Abuja which offers a 7-course dinner.
At a time of rising inflation, full-service restaurants will face fierce competition from limited-service restaurants, particularly chained limited-service restaurants. These players offer similarly diverse menus to those provided by full-service restaurants, but with greater convenience and, crucially given the challenging economic environment.
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Understand the latest market trends and future growth opportunities for the Full-Service Restaurants industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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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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