Food Trucks Business in Costa RicaTuesday, March 27, 2018 A lack of a legal standards to regulate their use in public spaces is preventing entrepreneurs of these mobile establishments from increasing their sales. Some of the companies that work with this gastronomic model are Bombona La Vocha Crepera, Go Fish, Appetico, Papata, Ventanita Meraki, La Cebichería, Aguizotes, Armonía and Dr. Grill among others.
GEOMARKETING SOLUTIONS
Restaurants: Asian Food PotentialWednesday, March 17, 2021 Sushi Itto, a restaurant located in Plaza Fontabella, zone 10, in Guatemala City, captures a potential market of 430 thousand consumers within a 15-minute drive, of which 11% are interested in Japanese food. Using the Geomarketing solutions we have developed for our clients, CentralAmericaData's Business Intelligence team analyzed the environment of some of the main locations of Asian restaurants operating in Central American countries. Below is an excerpt of the study's findings. Fast food: Chain projects new investmentsFriday, January 22, 2021 By 2021 in Costa Rica, the fast food restaurant chain Burger King plans to invest in the start-up of five new stores that will be located inside and outside the Greater Metropolitan Area. According to information provided by the directors of the company, the new service points will be located in the surroundings of La Sabana, Alajuela, eastern sector of San José, Cartago and one outside the Greater Metropolitan Area whose location is still under study. Restaurants: Surviving Restrictions ChallengeWednesday, August 5, 2020 In Costa Rica, the new commercial reality requires restaurants to operate with a capacity of 50%; however, since they maintain the same level of fixed costs, the losses of this sector could exceed 20%. For more than four months, when the first cases of covid-19 were reported in the country, consumers have been subjected to severe restrictions on mobility and restaurants were forced to operate in conditions unfavorable to their finances. Restaurants: Chain Closes Operations in Costa RicaMonday, January 6, 2020 Arguing that there were problems of profitability, the Applebee's chain decided to close the three service centers it was operating in the country. The restaurant franchise was operated in Costa Rica by the company Dine Equity, and the premises that were closed were located in Terrazas de Lindora, San Pedro and Cariari. Restaurants: Business Is TransformingThursday, July 25, 2019 In order to grow their brands, one of the bets that restaurants in Costa Rica are making is to market their products in supermarkets. In the Costa Rican market there are companies that have taken several years to begin the process of marketing their products in supermarkets, because they must meet multiple requirements, such as health records, labeling standards, bar codes, among others. Fast Food: New Sales PointThursday, June 6, 2019 The restaurant chain specialized in Krispy Kreme donuts already has three sales points in Guatemala and plans to open its fourth store in the Portales Shopping Center in Zone 17. In January of last year, it was reported that the chain opened its first restaurant with a capacity for 30 people in zone 15 of Guatemala and that its owners planned to open more stores during 2018. New Restaurant Brand in NicaraguaThursday, April 12, 2018 At the end of April the opening of a Hard Rock Café restaurant in Managua is scheduled, which will also have a hall for events and a bar. For the opening of the new premises that will house a restaurant, a bar, a hall for events and a store of personal accessories, an approximate investment of $2.8 million was made. Growing Supply of Restaurants in GuatemalaTuesday, July 10, 2018 The Salvadoran company Cadejo Brewing Company has announced the opening of its first restaurant in Guatemala City, in which it will offer local dishes and its line of craft beers. The Salvadoran brand of craft beers entered the Guatemalan market in 2016, and representatives from the company reported that the restaurant will be inaugurated this week and will be located in zone 10 of Guatemala City, in front of the Plaza Fontabella shopping center. Nicaragua: Restaurant Market GrowingThursday, March 30, 2017 The upcoming opening of two restaurants by the international chain Tony Roma's in Managua has been announced, through an agreement with Grupo Carvajal. From the press release by Tony Roma´s: Fast Food: Expansion Plans RedesignedFriday, February 26, 2021 Relocating existing restaurants, strengthening the digital sales channel and identifying the areas where consumers are currently concentrated in order to choose the location of new stores are some of the strategies of the chains when executing their expansion plans. As a result of the covid-19 outbreak, several expansion projects were affected, which must now reinvent themselves and adapt to the new commercial reality, in which consumers have different lifestyles. Restaurants: New Competitor in Costa RicaTuesday, December 15, 2020 AR Holdings will invest $1.5 million in the opening of The Capital Grille restaurant on Avenida Escazu. According to information provided by the conglomerate, the restaurant is expected to open to the public by the end of the first semester of 2021 in premises that will have an area of 470 square meters. Costa Rica: New Restaurant InvestmentMonday, November 23, 2020 The new location in which Friday's invested $150,000 is located in Los Yoses, east of the capital, and has the capacity to serve 180 people, but because of health restrictions it is only half full at the moment. Previously, Friday's served its clients in San Jose in the La Bandera traffic circle, San Pedro de Montes de Oca, but, because its property was expropriated in 2019 due to the construction of a viaduct, the company was forced to close its operations in that location. Restaurants: Challenges in the New RealityWednesday, August 26, 2020 Achieving the confidence of consumers, who have less money available to eat out in this context of economic crisis, is the main challenge for restaurants in El Salvador in the new commercial reality. As a result of the health emergency caused by the covid-19 outbreak, the Association of Restaurants of El Salvador (ARES) estimates that 40% have already reactivated their food service, 30% are still analyzing their economic situation to return and the remaining 30% have already closed their total operations.
INTERACTIVE INFORMATION SYSTEM
Restaurants in Honduras: Short-Term OutlookTuesday, June 16, 2020 As authorities remove restrictions on restaurants to prevent the spread of covid-19, demand for out-of-home food service is predicted to fall by about 14%. Through a demand-income sensitivity model, developed by CentralAmericaData's Trade Intelligence Unit, it is possible to project the variations that household demand for different goods and services will undergo as the most critical phases of the spread of covid-19 are overcome and the measures restricting mobility in the countries of the region are lifted. |
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