"Full-Service Restaurants in Slovakia" now available at Fast Market Research

Full-service restaurants in Slovakia has historically been challenged by strong competition, with a lower-quality food offering and low margins. In response, several new concepts appeared serving mainstream customers and offering a higher quality of dining. These focused on regional cuisine and offered several varieties of quality beer and traditional foods normally consumed with beer. Klubovna by Medusa Group or Bokovka from Bencik Culinary Group were examples of this. These concepts began to appear over the review period, however in 2014 recorded stronger expansion. It is expected that there will be 15 Klubovna outlets by the end of 2016 Consumers seem to like these concepts of non-exclusive dining and these players were able to increase their value shares steadily.

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Competitive Landscape

Medusa Group retained its leading position in 2014 with a 4% value share ahead of another domestic group, Aldente, which held a 2% value share. These two domestic groups have grown at a rapid pace since 2012, adding new restaurants and concepts into the groups. Their success came from locating popular concepts in prime locations in Bratislava and a few other cities. Both groups served the premium and higher mid-end segments. Their outlets served higher-quality food and brought innovative items onto the menus and quickly became popular. Both groups offered several brands of full-service restaurants, however each group operated as one chain with joint management and supply chains. The most popular brands of Medusa Group were Primi and Klubovna, which the company intends to expand rapidly over the forecast period. Bencik Culinary Group’s most popular concepts were Al dente and Al Trivio, both focusing on Italian cuisine.

Industry Prospects

Strong competition and low margins in full-service restaurants will drive the category to a slightly negative value performance over the forecast period. The category is expected to record a negative value CAGR of 1% at constant 2014 prices over the forecast period. Growth will likely be slightly positive at the beginning of the forecast period and will turn negative towards the end of the period. A high level of instability is anticipated among full-service restaurants, with many closing due to low profitability, and even more instantly emerging. Chained full-service restaurants can expect much better prospects with a 3% value CAGR at constant 2014 prices over the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Full-Service Restaurants industry in Slovakia with research from Euromonitor's team of in-country analysts.

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