Alberta’s Foodservice OutlookQSR & Drinking Places Increase Sales vs. FSR
Alberta’s commercial foodservice sales showed a year-over-year nominal change of 1.7% in 2015, but sales were forecast to slow down to 0.6% in 2016, whereas BC’s sales forecast was 7.5% and Manitoba’s was 3.4%.
Foodservice Sales Growth by Segment in Alberta
|Source: Restaurants Canada and Statistics Canada|
Top Issues Impacting Operators
|Credit card merchant fees||53%|
|Competition from new restaurants||37%|
|Weak customer demand||37%|
|Shortage of unskilled labour||26%|
|Shortage of skilled labour||16%|
Source: Restaurant Outlook Survey – Q2 2016
Restaurant owners are very concerned about the impact that an increase in the minimum wage to $15.00 will have on their businesses. 94.4% believe it will have a very negative impact and 89% will increase prices as a result. 78% stated they will decrease labour hours, 49% will lay off staff, and 27% will explore self-service solutions like touch pads.
Alberta’s commercial foodservice industry is an important economic contributor representing $8.9 billion in sales in 2015. That number was forecast by Restaurants Canada to remain the same in 2016.