Improvement in macroeconomic indicators coupled with re-bound in tourism activity is expected to propel growth in restaurants industry of Istanbul at a CAGR of ~10.3% between FY'20 to FY'25: Ken Research

Ease of Doing Business: Turkey ranks at 33rd among 190 nations in terms of ease of doing business index published by World Bank. It is expected that the recent future will see further improvement owing to majority of compliance related formalities shifting online. Apart from that, reduction in the time period for obtaining licenses and permit will positively impact Turkey's position as per the index. Ease of Doing Business:  Turkey ranks at 33 rdamong 190 nations in terms of ease of doing...

Ease of Doing Business: Turkey ranks at 33^rd among 190 nations in terms of ease of doing business index published by World Bank. It is expected that the recent future will see further improvement owing to majority of compliance related formalities shifting online. Apart from that, reduction in the time period for obtaining licenses and permit will positively impact Turkey's position as per the index.

Future Outlook: The restaurant industry in Istanbul suffered a ~30% Y-o-Y dip in 2020 in terms of the market size due to the lack of tourist influx and restrictions imposed by the government. However it is predicted that the tourist inflows will increase at a CAGR of ~23.9% and consequently boost the HoReCa sector. The market size is forecasted to increase at a CAGR of ~10.3% between FY'20 and FY'25 with the industry returning to the pre-pandemic level.

The report titled "Restaurant Industry in Istanbul - Outlook to 2025: Driven by changing consumer behaviour and rebound in tourism activity" by Ken Research suggested that the Restaurant Industry in Istanbul is expected to grow further in the near future, with increasing experience savvy consumers and online food delivery ecosystem. The market is expected to register a positive CAGR of ~10.3% in terms of transaction value during the forecast period of FY'20-FY'25./

Key Segments Covered in Restaurant Industry in Istanbul:-

Key Target Audience:-

Time Period Captured in the Report:-

Companies Covered:-

Quick Service Restaurants: 

Casual Dining Restaurants:-

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Fine Dining Restaurants:-

Hotel based Restaurants:-

Shisha Lounges

Middle Eastern Cuisine Restaurants: 

Nightclubs

Coffee Shops

Patisserie and Desert Parlours

Key Topics Covered in the Report:-

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Restaurant Industry in Istanbul

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