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(MoneyNewsWire.Net, September 05, 2018 ) The bars and cafés industry offers alcoholic and non-alcoholic beverages and limited food services for immediate on-premise consumption. This industry includes bars, taverns, pubs, night clubs and lounges but does not include civic or social association bars, beer, wine and liquor stores and restaurants and nightclubs that do not serve alcoholic beverages.
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The global bars and cafés services market has been growing in the past years with a CAGR of almost 6%. TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global bars and cafés services market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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With fierce competition in the bars and cafés market, the experience that a café or bar delivers to its customers is very important. These places not only offer food and beverages, but also an experience. Many cafes have stories that are around a cuisine, a way of presenting the food or beverages, a theme, or the process implemented. To provide customers an interesting experience, some of the bars use themed menus, specifically-trained waiters and music. For example, Northern Lights Bar, Iceland, is located at a spot to view the famous Northern Lights. Red Sea Bar, Israel is constructed beneath the Red Sea, located 16 feet underwater. The windows of the bar provide views of surrounding coral, fish and other sea creatures.
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Companies included in the report are Starbucks, Whitbread PLC, Lavazza, Buffallo Wild Wings, and Dunkin' Brand.
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