Recent Study: Full-Service Restaurants in Slovakia
The precarious economic situation in Slovakia framed spending in full-service restaurants in 2012. Due to increasing unemployment, the threat of job losses and increasing unit prices of food, consumer sentiment was rather pessimistic. The tendency towards thrifty behaviour was not merely a choice but a necessity as many households simply could not afford to visit full-service restaurants. Consumers remained highly price sensitive and avoided spending away from home, especially on dinner. It is...
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