Canadian Restaurant Intelligence Report. This new report combines the Restaurant Outlook Survey and the Quarterly Forecast into one convenient new research tool with an updated and fresh look. The Quarterly provides a forward-looking perspective on business conditions as well as a forecast over the next two years.
Looking back at the second half of 2024, foodservice sales were a bit hit-and-miss. Quick-service restaurants and caterers continued to post revenue gains in line with expectations. Full-service restaurants and drinking places saw a sharp loss in momentum, especially during the summer.
The summer months have historically been a boon for the restaurant industry as Canadians flock to their local restaurants and bars and warm weather fills patios. It’s also peak travel season for domestic and international travellers, who like to try the culinary diversity that Canada’s foodservice industry has to offer.
While the first half of the year was a challenge for many restaurant operators, the economic outlook moving forward has improved. The second edition of the Quarterly updates Restaurants Canada’s foodservice sales forecast and what restaurant operators can expect over the remainder of 2024 and into 2025.
For the first edition of The Quarterly, Restaurants Canada will focus on how a possible recession will impact the overall economy, and what this means for Canada’s foodservice sales over the next two years.
