Industries
Restaurant Industry
Consumer Discretionary
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The food service sector made up of businesses that prepare and serve food and beverages to customers, whether consumed on premises or provided through takeout and delivery, forming a major part of the broader hospitality economy.
Facts
SectorFood service and hospitality 1 Cross-Tradition Connections
Associated With
The Big Mac, McDonald's signature sandwich, is one of the restaurant industry's most widely recognized branded products, referenced in the Big Mac Index as an informal economic benchmark.
DoorDash and similar delivery platforms became a major sales channel through which restaurants reach consumers.
A large share of chain restaurants operate through the franchising business model.
Restaurants are named explicitly as a constituent sector of the hospitality industry.
Howard Schultz led Starbucks across three periods as chairman and chief executive, building it into the world's largest coffeehouse restaurant chain.
Ray Kroc built McDonald's into the defining franchise case that shaped the modern restaurant industry.
Sources
1. Wikipedia, Restaurant
WikipediaLead sectionQuote, Lead section
A restaurant is a business that prepares and serves food and beverages to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services.
1. Wikipedia, Restaurant
WikipediaAssociated With: Franchising, Economics - Canada sectionQuote, Associated With: Franchising, Economics - Canada section
Chain restaurants account for the remaining 37%, and many of these are locally owned and operated franchises.
1. Wikipedia, Restaurant
1. Wikipedia, Restaurant
Wikipedia, Hospitality Industry
WikipediaAssociated With: Hospitality Industry, Sectors sectionQuote, Associated With: Hospitality Industry, Sectors section
hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage services, event planning, theme parks, travel agency, tourism, hotels, casinos, real estate, restaurants, nightclubs, and bars.
Wikipedia, Ray Kroc
WikipediaAssociated With: Ray Kroc, Introduction / McDonald's franchising sectionQuote, Associated With: Ray Kroc, Introduction / McDonald's franchising section
Ray Kroc transformed McDonald's from a single hamburger stand into the world's largest restaurant chain by franchise.
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