Industry revenue of restaurants and mobile food service activities in Portugal 2011-2023
Economic constraints led by the Eurozone crisis had a detrimental impact on Portuguese restaurant and mobile foodservice sales in the early part of this decade. However, with the growth in GDP and a decline in unemployment rates, consumer spending levels have been on an upward trajectory for the last few years. As such, the industry’s revenues reached around 6.8 billion U.S. dollars in 2018, a 70% growth on 2013 levels. The future of the industry also looks quite favorable with revenues projected to reach 8.4 billion U.S. dollars by 2023. However, the market is relatively small as compared to its neighbor Spain which generated 27 billion U.S. dollars in 2018.
Over the past few years, Portugal’s household consumption expenditure on restaurants and hotels, increased manifold. In 2017, the value stood at around 16.4 billion euros, up 34% compared to nearly a decade ago, in 2008.
Over the past few years, Portugal’s household consumption expenditure on restaurants and hotels, increased manifold. In 2017, the value stood at around 16.4 billion euros, up 34% compared to nearly a decade ago, in 2008.
