Now Available: Full-Service Restaurants in Portugal
After three difficult years for this category, full-service restaurants declined further in 2012 by 22%, suffering more than in all other consumer foodservice channels.VAT increases from 13% to 23% had a big impact on full-service restaurants. The economic downturn meant that consumers simply did not have the surplus income to spend on dining. There has been a lack in consumer confidence since 2011 which became even more evident in 2012, while many consumers ate at home, or took their lunches...
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