Tier II, III Cities will become Growth Hubs in Years to come for Restaurants
By Prateek chaudhary , Managing Partner, Diablo club, Dragonfly Experience & One8 Commune Delhi
05 May 2023 | 9 min read
Tier II and Tier III cities are also expected to become major hubs for the financial growth of these restaurant chains as people are willing to spend more owing to their increasing disposable income. Furthermore, with more and more people getting used to the technology adaptation of restaurants, they will prefer ordering from kiosks to save themselves from fuss and get the order earlier. As a result of these trends, India will witness a proliferation of restaurant chains that will cater to the population's changing food habits. All the franchise owners can do is pounce on this amazing opportunity and please the ever hungry market.
The post-pandemic era continues to be fruitful for the restaurant industry, which suffered huge losses during the last two years. The industry has gone from survival to revival and is ready to thrive in 2023 and beyond. In this regard, the restaurant chains have gained ground in India and are delivering not just eateries to fill the bellies but also addressing their taste cravings.
With disposable income on the rise, people are willing to spend on food that appeals to their taste buds. The dynamism and buoyancy of Indian consumers are driving a preference for restaurant chains. Looking at the growth prospects, there are going to be several new trends that could shape the future of restaurant chains in India.