New Market Report Now Available: Cafes/Bars in the Philippines
Cafes/bars reported the most modest performance in the local consumer foodservice industry. In 2012, the category's sales hit Ps92.9 billion, which represents minimal growth of 3%. This performance is attributable to the outlet closures observed in categories including cafes and bars/pubs. Cafes/bars operators, especially independents, are increasingly competing with other categories such as fast food and full-service restaurants, which are opening up their outlets in provincial areas and are...
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