consumer behaviour & demand analysis for restaurents
TRANSCRIPT
CONSUMER BEHAVIOUR CONSUMER BEHAVIOUR &&
DEMAND ANALYISIS DEMAND ANALYISIS FORFOR
‘ ‘RESTAURANTS”RESTAURANTS”
Objective of the study :- Determining the factor that affect the
demand function for restaurants . To raise some demand management issues
prevailing in the current scenario . Finally to recommend some managerial
policies to stimulate demand for the restaurants.
Background of the study :-Nearly two third of India's population live in
urban areasOut of which 75% of the people visit
restaurants
Points to be considered for the analysis :Food being a basic necessity for life; the
major part of living people frequently visit restaurants.
There has been an increase in number of BPO’s due to which there has been an increase in the income of young generation .
Restaurant have taken a leap in case of their existence due to the young generation .
CONTD………. It is been seen that even though the standard
of living has increased the frequent restaurant goers don’t depend up on the price but quality is important
Restaurant can be classified in various classes . Restaurants are basically now classified
between the classes and the masses . Now a days restaurants are more focused on
the ambience , food quality & the best service .
Survey conducted :Radhakrishna ( Andheri )Five ( Khar )Peshawari ( Santacruz )Olives ( Bandra )
*Survey based on resi dents of Mumbai
Database :Data purely compiled on the basis of field
survey .Questionnaire included quantitative and
qualitative questionsSample size :-80
Description Radhakrishna : Basically a South Indian
restaurant comprising of Indian as well as Chinese .
Five : a Multi Cuisine restaurantPeshawari : a Indian junction famous for its
kebab'sOlive : a Restro Bar
Survey figures :
Age group percentage
18 – 25 55
25 – 35 22.5
35– 50 13.5
50 & above 10
Survey Figures
Restaurant 18 – 25
yrs.
25 –35
yrs.
35-50
yrs.
50 yrs. & above
Radha Krishna
25% 15% 45% 75%
Five 43% 25% 15% 5%
Peshawari 2% 10% 15% 20%
Olive 30% 50% 20% 0%
Survey Figures
preference Income level
> 1.5 lakh
Income level
1.5 – 3 lakhIncome level
3 – 5 lakh
Income level
5 lakh&above
Radha Krishna
85% 55% 45% 25%
Five 9% 15% 25% 17%
Peshawari 1% 2% 10% 40%
Olive 5% 28% 20% 18 %
Survey Analysis :Price of the restaurant and income of the
survey population play an important role in demand.
Qualitative aspect like ambience , food quality, service play an role in demand .
Demand for good restaurant is on the rise as the standard of living is increasing .
Recommendation by Group 7 : To increase demand for the restaurant can
provide with the best food quality & variety in the menu.
Demand for restaurant is positively related to income , it can be inferred that in posh locality the demand for restaurant would go up.