• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Tuesday, March 9, 2021
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
No Result
View All Result
Home Catering

UAE restaurant revenues decline as demand grows says new report

Crystal Chesters by Crystal Chesters
September 5, 2016
in Catering, F&B, News
A A

The KPMG 2016 UAE Food & Beverage Report, released today, has revealed that while consumers are eating out and spending more, restaurant operators are seeing a decline in revenues.

(L-R) Anurag Bajpai, partner and head of retail, KPMG  and Vikrant Rohatgi, director, deal advisory, KPMG
(L-R) Anurag Bajpai, partner and head of retail, KPMG and Vikrant Rohatgi, director, deal advisory, KPMG

According to the report, 63% of consumers are spending more than last year, while for 28% of respondents, there has been no change in spend. Just 9% said they were spending less than last year.

Speaking at the report launch, Anurag Bajpai, partner and head of retail, KPMG said: “Operators are finding the market to be challenging, but consumer demand continues to grow.

“Sixty-seven percent of survey respondents eat dinner out every weekend, 44% eat lunch out or get a take away, 66% each brunch at least once a month and three out of four order a takeaway at least once a week.”

However, despite the market growing overall, 64% of operators surveyed indicated that the same store sales over the past 12 months have either been stagnant or have declined.

The challenges for F&B operators highlighted in the report include increased rental costs, a race for space, topline growth, rising food costs and increased attrition of trained staff.

The report shows that as the market grows, the UAE in general and Dubai in particular continues to attract more competition and for individual operators this means a struggle for footfall and revenue.

Bajpai explained: “Operators are saying that in the past 12 months, they have seen stagnation in same store sales, but on the other hand you have consumers spending more. The answer goes back to increased competition – you have more restaurants.

“The market is growing but at this point in time, the rate of supply is more than the increase in demand so operators are getting a smaller share of the pie, and that’s where the challenge is.”

The KPMG 2016 UAE Food & Beverage report was collated from a survey of 850 consumers and 12 F&B operators in the UAE from a cross section of categories, including quick service, casual and fine dining.

Tags: 2016 reportAnurag BajpaibeverageBNC Publishingcafecateringcatering newschefchefsCoffeeDIFCDowntown DubaiDubaiDubai foodDubai food festivalDubai hotelsDubai restaurant reportDubai restaurant statistics 2016Dubai restaurantsDubai restaurants 2016emiratesF&BFood & Beverage reportfood forumgulfoodGulfood 2016hospitalityhospitality industryHotelHotel NewsHotel News MEHotelsKPMGmiddle east new hotelsnewsrestaurantrestaurant reportrestaurantsSaudi ArabiauaeUAE food and beverageUAE hotelsUAE restaurant reportUAE restaurant report 2016UAE restaurants 2016

Related Posts

HE Mohamed Khalifa Al Mubarak inaugurates Culture Summit 2021 with announcement of study on Covid-19, in partnership with UNESCO
Hotels

HE Mohamed Khalifa Al Mubarak inaugurates Culture Summit 2021 with announcement of study on Covid-19, in partnership with UNESCO

March 9, 2021
Bistrot Bagatelle appoints new head chef
Appointments

Bistrot Bagatelle appoints new head chef

March 9, 2021
Common Grounds opens at The Beach, opposite Dubai’s Jumeirah Beach Residence
Catering

Common Grounds opens at The Beach, opposite Dubai’s Jumeirah Beach Residence

March 9, 2021
Please login to join discussion

Trending

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021
Hotels

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021

by Dina Maaty
March 3, 2021

Read more
Aloft Abu Dhabi teams up with Elli’s Kosher Kitchen to launch catering service
Hotels

Aloft Abu Dhabi teams up with Elli’s Kosher Kitchen to launch catering service

by Dina Maaty
February 21, 2021

Read more
New luxury Chedi resort to open in Qatar
Hotels

New luxury Chedi resort to open in Qatar

by Section Editor
March 7, 2021

Read more

Digital Magazine

Hotel News ME

Copyright © 2021
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect

Copyright © 2021
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In