The chain has already transitioned 61 underperforming franchised sites to more proven franchisees and taken 118 franchised restaurants into company ownership.
The global foodservice profit sector recorded sales of $3.7 trillion in 2022. The rebound in tourism and return in consumer preferences to pre-pandemic levels is expected to drive the market growth at a CAGR of over 7% during the forecast period (2022-27). Rising investments by global chain operators such as McDonald's, Domino's, and Starbucks to expand their footprint in APAC is predicted to drive the sector's growth.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.
GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom
Comments
Post a Comment