Market Report, "Consumer Foodservice in the Philippines", Published
Consumer food service growth was slightly slower in 2011. Full-service restaurants in particular suffered from the weak global economy, with the majority of consumers turning to cheaper consumer food service options such as fast food and street stalls/kiosks to save money. Fast food companies also began adopting a fast casual business concept - a development which increased competition for full-service restaurants in the Philippines. The movement towards budget and value meals further reduced...
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