Bulletin

What's hot and what's not for high-street diners

Figures from commercial property company CBRE show that the number of burrito bars and restaurants has soared by 71% in the past 12 months alone, and boast an average annual growth rate of 57% since 2009. Chains specialising in 'mixed world cuisine', such as Giraffe, have grown by 41% over the past year and an average 40% over the past five years – far more than Italian restaurants, up 5% over the past five years, or steakhouses, up just 1%. According to Seb Howard, head of central London leisure at CBRE: 'If you were to discuss chain restaurants in the late Nineties, many people would have immediately thought of their nearest Spaghetti House, Harvester or Beefeater. Over the last 17 years, chains have become a lot more sophisticated.' The total number of chain restaurant branches has jumped by 258% since 1998 from 4,869 to 17,450, with higher-quality restaurants such as Jamie's Italian, Côte, Byron and Chilango cashing in on demand.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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