Full-service restaurants is set to post double-digit current value growth in 2023. However, some independent full-service restaurants suffered heavily during the pandemic, and category sales may take time to return to pre-pandemic levels.
Full-service restaurants brands will continue exploring home delivery options over the forecast period in response to changes in consumer behaviour. Brands are likely to review their menu offerings and create special items that will be more suitable for deliveries.
Filipino consumers are increasingly becoming more aware of their dietary choices, especially as the pandemic has highlighted the importance of healthy lifestyles. Over the forecast period, local consumers will seek out quality products and services, and as inflation bites, they also want to ensure they are getting value for their money.
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Understand the latest market trends and future growth opportunities for the Full-Service Restaurants industry in Philippines 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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