Not only fast food franchises are growing, but also hospitality ones.
For example, during the first six months of 2013, seven Friday's restaurants, established in the country and run by the local group UNESA, recorded revenues of $9 million. Although some of these facilities reported low sales, the company says it is due to the stabilization of consumers, the time of year and other factors.
In Panama, the population’s increased purchasing power and the economic dynamism are driving new investments by major fast food chains.
The companies Franquicias Panameñas, S.A., KFC and Pizza Hut are to invest $7.5 million in the construction of new stores and the refurbishment of several existing ones.
The population’s increased purchasing power and economic dynamism, is fueling huge investments in hundreds of fast food outlets.
Laestrella.com.pa reports that "between Dunkin Donuts and Franquicias Panameñas S. A. (FP) alone more than $20 million has been invested in expanding its franchisees in the country over the past eight years. Franquicias Panameñas -manager of the American brands KFC, Pizza Hut, Taco Bell, Quiznos, Dairy Queen and Helados Topsi-has about 85 restaurants, which generate more than 2,100 direct jobs, according Liza Henriquez, its CEO. "
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