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Markets in Focus :: Restaurants and Drinking Places Q4 2022

While the restaurant and drinking place sector struggled as a whole during the pandemic, the expansion of some specific service channels during this period softened the blow for some. This is especially true for franchised operations as compared to independent establishments.

Franchised locations were relatively better prepared to weather mandated dine-in service shutdowns. Many already offered carryout, delivery and drive-thru services that could be scaled to offset the impact of their closed dining areas.

The independent establishments had been relatively less reliant on these options, and they improvised to reorient their operations to accommodate customer drive-up and delivery. Many were not able to scale these services sufficiently to remain viable. To find out more about the outlook on drive-thru, carryout, and delivery services, read our latest Markets In Focus report.

Markets in focus - restaurants and drinking places PDF

The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.

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