Fine Dining Restaurant franchises are sure to hit it big in the Pink cityby Brands Branches Online Marketing Head
Jaipur is the most multicultural city of northern India that attracts a high gross tourism all through the year. The city is has a vast demographic of youth that makes up nearly 25% of the indigenous population and a large number of students migrate to the city due to the upcoming premium universities. A considerable amount the dwellers are families, most of them with passive income in tourism and hospitality, so the population has a high disposable income which is quintessential for Fine Dining restaurants. The Pink city has experienced a surge in urban social culture which is why success of fine dining franchise in the city is affirmative.
Jaipur attracts a large leisure crowd of international and domestic tourists, and hosts many global fests, expos, and cultural festivals all year around. Fine dining restaurants are the prime choice of tourists of the city. Fine dining restaurants are sure to stand out in a city like Jaipur which is overflowing with restaurants that offer mass produced frozen food with the same bland concept. This restaurant segment show 15% annual growth and is expected to reach the value of 13,000 Crore by the end of 2018. Fine dining restaurant have shown a 13.07% surge in compound annual growth rate (CAGR) from the year 2013 to 2018. These restaurants segment exuberates luxury which is exactly what the Pink City is known for. During the day, it bears an aristocratic and sedate air, inviting people to marvel at its glorious buildings and delicate monuments, but as soon as night falls, the city takes on its upcoming nightlife.
Fine dining restaurants, however profitable involve a high initial capital investment, so it is recommendable for new investors to acquire a fine dining franchise. Consider a franchise advisory with a broad network like Brands and Branches which is a franchise advisory and expansion strategy company based in Delhi-NCR. The company is the master franchise of various fine dining restaurants The Embassy and different formats of Moets and many other brands that have franchise units in multiple cities across the country.
Created on Feb 27th 2019 04:30. Viewed 457 times.