As vaccination rates go up and health regulations ease, what’s the outlook for Canada’s restaurant industry?

Statistics Canada reported that July 2021 sales were up 11% compared to June 2021, and 28.5% YoY – almost to pre-pandemic levels. Restaurants Canada recently reported that full service restaurants alone are forecast to have sales increases of 37.5% from 2021 Q1 to the end of 2022.

However, Restaurants Canada also reported that Canada’s tourism revenues won’t return to pre-pandemic levels until the end of 2025, and we’ve seen recent re-tightening of health regulations. At the same time, Global News reported that in the middle of summer, employers in accommodation and food services alone were trying to fill 132,800 jobs, accounting for the highest job vacancy rate the industry has ever seen (11.6%).

Navigating the route to a new normal, while balancing the potential for major growth against a changing guest mix and significant labour shortages, means restaurant operators will be looking for restaurant industry professionals who are on top of restaurant performance and economic data and trends.

On November 1-4, attending the Canadian Restaurant Investment & Leadership Summit will give you an opportunity to learn the latest on key industry topics and outlooks. Visit www.restaurantsummit.ca to learn more and register.

In just four days you will be able to network with hundreds of restaurant owners, lenders, brands, managers and suppliers to learn more about:

• Current Canadian foodservice industry sales, traffic and trends
• Restaurant brand innovations
• Labour, technology and finance issues
• New concepts including ghost kitchens and virtual concepts
• And more...

We’re proud to be sponsoring the Canadian Restaurant Investment & Leadership Summit, learning and sharing alongside you and other Restaurant industry professionals. It’s one of the ways we ensure we remain on the leading edge of recruiting for the Canadian Hospitality industry from our offices across the country.

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For more information and to register, visit the Summit's web page: