"Cafes/Bars in Hungary" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Tue Aug 11 2015

The first full financial year for the new online cashier system was 2014. This was implemented to continuously track sales through a direct online connection to the National Tax and Customs Administration Office. The quick shift from the regular cashier system to the new one was problematic and resulted in extra costs for operators. The change aims to make the consumer foodservice business more transparent and reduce the grey market and tax evasion. Independent pubs (which often used to hide a relatively high proportion of their sales) with relatively low registered sales were impacted most. Authorities run regular checks to highlight unregistered sales.

Competitive Landscape

AmRest Kft, which operates the iconic specialist coffee chain Starbucks, led the fragmented category in 2014 with a 1% foodservice value share. The nine Starbucks outlets are concentrated in premium shopping malls, in high-traffic areas of downtown Budapest. Provincial expansion is not expected in the near future. The fame of the brand and high standards set by the operator make Starbucks outlets successful despite the premium pricing.

Full Report Details at
- http://www.fastmr.com/prod/1023615_cafesbars_hungary.aspx?afid=301

Industry Prospects

Cafés/bars is set to grow as an innovative, entrepreneurial spirit drives new outlet openings that will lead to more intense competition. The performance of traditional pubs remains highly dependent on key customers’ disposable income levels. Cafés and coffee shops are set to grow as tourism and retailing rebound as the economy recovers from recession. Consumers enjoy small daily treats, such as a good coffee or cake just to reward themselves or while meeting friends. Blogs, social media and positive reviews quickly make consumers aware of individual outlets and help to generate traffic.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Cafés/Bars industry in Hungary with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Cafés/Bars industry in Hungary, our research will save you time and money while empowering you to make informed, profitable decisions.

The Cafés/Bars in Hungary market research report includes:

* Analysis of key supply-side and demand trends
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth  
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Cafés/Bars in Hungary?
* What are the major brands in Hungary?

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You may also be interested in these related reports:

- Consumer Foodservice in the Philippines
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