22 MAY 2017 BY: LAUREN HARTZENBERG
Globally, food and beverage (F&B) are playing an increasingly important role in the reason people visit shopping centres, sometimes superseding consumers’ attraction to retailers themselves.
Locally, F&B is expected to increase its value as a drawcard. The Middle East & Africa is the second-fastest growing region in terms of consumer spending on ‘eating out’, with an average growth of over 7% between 2006 and 2016. This region also holds the strongest forecasted growth, with 7% growth expected per annum between 2017 and 2027.
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