Board

2012

Business Outlook

2011

2005

2006 2007

2008 2009 2010

Restaurants

8.0

4.7

4.9

4.6

- 4.1% movement in average prices

Restaurants

-14.9

-18.1

Simon Chaplin Director and Head of Restaurants

“2011 saw consumers reaffirm their appetite for eating and drinking away from home, despite the consistent strain on the purse- strings. The eating-out sector responded with an array of choice – all of which was good news for the diner. However, increasing competition, and price- competition, led many operators to struggle and others to forego transactional activity in order to wait for values, which dropped during the year, to recover.”

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