GE CAPITAL PUBLISHES ANNUAL REVIEW OF CANADIAN CHAIN RESTAURANT INDUSTRY …
GE CAPITAL PUBLISHES ANNUAL REVIEW OF CANADIAN CHAIN RESTAURANT INDUSTRY
The Canadian Chain Restaurant Industry Review is an extensive research report commissioned by GE Capital and compiled by fsSTRATEGY and The NPD Group Canada . Originally released MAY 2012, the annual publication can only be received in hard copy at the Canadian Restaurant Investment Summit.
The report is a comprehensive analysis and factual overview of the state of chain foodservice in Canada. Findings have implications for job growth, construction activity and other factors that impact the economic health of Canada for several years to come. The report also sheds light on consumer spending habits and trends from province to province.
Complete copies are only available to registered delegates of the Canadian Restaurant Investment Summit .
2013 Provincial Dining Trends
• Ontario has the highest commercial foodservice sales at $20.062 billion, followed by Quebec at $10.485 billion.
• Alberta has the highest per capita commercial foodservice sales ($1,991), as well as the country's fastest-growing commercial foodservice sales, up 8.9 percent in 2012.
• Ontario has the largest population but its per capita commercial foodservice sales total $1,485.
• Manitoba has the lowest per capita commercial foodservice sales at $1,214, followed by Quebec at $1,289.
• On average, diners in Alberta spend $777 or 64.0% more in commercial foodservice establishments than diners in Manitoba.
• Nationwide, 62.2% of restaurant expenditures are in chain restaurants; Quebec has the greatest percentage of foodservice expenditures at independent restaurants at 48.4 percent.
2012 Research Findings:
• Canadian foodservice industry sales are expected to increase by 3.1% to CAD$65.4 billion in 2012.
• Visits to Canada’s commercial foodservice industry remained relatively flat last year, growing just 1% over the prior year.
• Alberta was the fastest-growing market at 7.8%.
• British Columbia was the only province that experienced foodservice revenue declines.
The report includes insights from the C-suite executives of leading Canadian chains on important issues such as:
• The greatest opportunities and threats in the foodservice industry,
• Restaurant industry merger and acquisition opportunities,
• Expected changes in sales as well as labour and food costs, among other operating and occupancy costs, and
• The outlook on restaurant industry capital expenditures.