LSRs now account for 53 percent of the commercial foodservice industry.
Limited-service restaurants (LSRs) are the driving force behind the commercial foodservice industry, according to a new study by Chicago-based Technomic. LSRs accounted for more than half ($200 billion) of total industry sales despite their low check averages in comparison to full-service restaurants.
Fast-food patronage thrives on its convenience and value, while food distinction and ambiance are key factors driving patronage at fast-casual locations, according to Technomic. Look for a blurring of the lines between fast-food and fast-casual restaurants, with operators in each subsegment tweaking their concepts with new unit designs and convenient service formats in order to remain competitive.
Other findings from the Technomic study include: