Canadians Support Quick Service Franchising
Much has changed throughout the past two years, but one thing has remained the same: Canadians love quick, easy, and always tasty meals on the go. Thanks to quick service restaurants (QSR) from coast to coast, it’s easier than ever to get your favourite burger and fries, salad and smoothie, coffee and donut, and so much more efficiently delivered into your hands (and stomach!)
There are nearly 97,000 restaurants, bars, and caterers across the country. That’s according to Restaurants Canada, who also states that the restaurant industry generates $85 billion in annual sales, making up four per cent of the country’s total GDP. All of this totals to 22 million restaurant visits made every day by Canadians who keep coming back for more.
According to the Foodservice Industry Forecast 2021-2025 published by Restaurants Canada, QSR sales are forecast to return to pre-COVID-19 levels in 2022. Annual sales for this year are also predicted to reach $34.5 billion, which represents an increase of 2.3 per cent over sales in 2019. The forecast for QSR sales by 2025 is $37.9 billion.
In this special focus, we’ll take a close look at the quick service restaurant industry, noting the resilience and innovation that’s allowed it to keep serving Canadians the reliable and affordable food they know and love.