Category: Food Service & Hospitality
Asia Food Service & Hospitality
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Self-Service Cafeterias in Singapore
... foodservice in Singapore in 2024 saw a challenging year. Consumers struggled with reduced purchasing power due to the rising cost of living, the increase in the goods and services tax (GST), and inflationary pressure. Additionally, ... Read More
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Consumer Foodservice By Location in Singapore
... strategies to reignite growth, with the dynamism seen in 2023 fuelled by a rebound in inbound tourism in the wake of the pandemic. Despite the overall slowdown, several hotels introduced new foodservice establishments in 2024 ... Read More
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Cafés/Bars in the Philippines
... post-pandemic. Growth was driven by an increase in consumer mobility and an increase in inbound tourist numbers, with the Singapore Tourism Board recently bringing SingaPob, a pub crawl featuring a lineup of Singapore bars, to ... Read More
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Self-Service Cafeterias in the Philippines
... establishments offering affordable alternatives. For instance, milk tea is no longer exclusive to speciality shops, as it is now widely available in fast-food chains, cafés, and convenience stores, intensifying competition. While consumer mobility remained strong, ... Read More
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Full-Service Restaurants in Singapore
... recovery with consumers to start eating out again. However, against a backdrop of economic uncertainty and rising prices consumers became more budget conscious in 2024 as they saw their purchasing power squeezed with this having ... Read More
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Limited-Service Restaurants in Singapore
... seeing a weaker performance compared to 2023. This can be attributed in part to rising prices and the growing number of consumers seeking out the best value from their purchases. The goods and services tax ... Read More
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Street Stalls/Kiosks in Singapore
... street stalls/kiosks primarily refer to hawker centres, which are a cornerstone of the majority of the local populace’s daily meals. These eating areas are integrated into daily life due to their affordable prices, wide variety, ... Read More
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Consumer Foodservice in the Philippines
... continuing to prioritise experiences and convenience in their dining choices. Despite slower growth compared to previous years of the review period, consumer mobility remained strong, and there was sustained demand for quick and affordable food ... Read More
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Consumer Foodservice in Singapore
... increase in the prices of essential goods and basic necessities which negatively impacted consumer purchasing power in 2024. As a result, many consumers cut back on discretionary spending, including when it came to consumer foodservice ... Read More
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Limited-Service Restaurants in the Philippines
... the pandemic and the impact of inflationary pressures on consumer choices. However, limited-service restaurants have an advantage over other outlets in that they are generally characterised by low unit prices and they therefore offer relatively ... Read More
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Consumer Foodservice By Location in the Philippines
... as local consumers returned to pre-pandemic mobility patterns. With very few public parks in the Philippines, malls are a favourite place for Filipinos to cool off, eat, shop, and socialise with family and friends. Euromonitor ... Read More
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Full-Service Restaurants in the Philippines
... boom experienced in the aftermath of the pandemic. Inflationary pressures also impacted demand, as players faced with rising input costs were forced to increase their prices or create more affordable dishes in an attempt to ... Read More
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Vending in Hong Kong, China
... sales were negatively affected by the lack of mobility during the pandemic, they fully recovered to 2019 levels in 2023 after two consecutive years of double-digit growth. Euromonitor International's Vending in Hong Kong, China report ... Read More
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Vending in Vietnam
... vending machine maintenance in Vietnam is risky in terms of theft and damage in the absence of adequate protection measures. Euromonitor International's Vending in Vietnam report offers insight into key trends and developments driving the ... Read More
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Vending in Taiwan
... significant labour shortages. As these sectors struggle to recruit employees, smart vending machines have emerged as essential solutions to meet the basic food and beverage needs of consumers and workers alike. Euromonitor International's Vending in ... Read More
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Street Stalls/Kiosks in Japan
... allowed them to adapt quickly to changing circumstances. While many businesses faced challenges, food trucks successfully shifted their focus from bustling business districts to residential areas, catering for those in need of convenient meals. As ... Read More
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Self-Service Cafeterias in Japan
... the Japanese government's announcement on 8 May 2023, to reclassify COVID-19 as a ""Class 5 infectious disease"" akin to seasonal flu. This change allowed individuals and businesses to make their own decisions regarding infection control, ... Read More
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Consumer Foodservice in Japan
... domestic and inbound. On 8 May 2023, the government downgraded the legal status of COVID-19 to ""Class 5"", designating it alongside common infectious diseases such as seasonal influenza. This change marked a pivotal moment in ... Read More
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Cafés/Bars in Japan
... particularly following the Japanese government's decision in May 2023 to downgrade COVID-19 to a class 5 status, which was equivalent to seasonal influenza. With this change, consumers started returning to dining out, and many companies ... Read More
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Limited-Service Restaurants in Japan
... takeaway and delivery services. This trend has persisted beyond the lifting of COVID-19 restrictions, as these services have now become standard among Japanese consumers. Euromonitor International's Limited-Service Restaurants in Japan report offers a comprehensive guide ... Read More
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Full-Service Restaurants in Japan
... necessitated by various economic factors. While several players had already raised prices in 2022 and 2023, further increases became unavoidable in 2024 due to the weakening yen, which affected the cost of imported goods such ... Read More
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Consumer Foodservice By Location in Japan
... from 2022 to 2024, surpassing levels recorded in 2019. This upswing also translated into increased spending by inbound tourists, which reached over 50% of 2019 figures, with food expenditure growing even faster — recording a ... Read More
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Cafés/Bars in Vietnam
... million inbound tourists, nearly 39% more than in the previous year. This factor helped to boost the sales of cafés and bars in attractive tourist cities such as Hanoi, Danang, Hoi An, and Ho Chi ... Read More
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Consumer Foodservice in Vietnam
... transportation fees and labour costs. Vietnamese people are actively searching for healthy and convenient food and beverage options, which has created good opportunities to develop the offer of fast food chains and convenience stores in... ... Read More
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Vending in Turkey
... snacks and soft drinks being the most popular products sold through vending. With inflation still very high in 2024 – even higher than in 2023 - there was a steep fall in constant value sales. ... Read More
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