Delivery orders add more than £300m in revenues to London restaurants

Hotel kitchen

Uber Eats claims that delivery services are responsible for boosting restaurant sales by more than £300m a year in London alone.

The company commissioned Deloitte to conduct research into how food delivery apps are impacting the restaurant sector and it found that third party platforms have increased the number of restaurant meals sold by over 4% in London.

According to its analysis, restaurants in London have seen an increase of £323m in revenue, and £189m in profit, during the past year.

Story continues below

Uber Eats launched in Europe three years ago and currently works with more than 60,000 restaurants.

Deloitte predicts the food delivery market will grow 10% a year to $25 billion in Europe by 2023, with food delivery apps the primary growth driver.

Delivery only accounts for between 2% and 5% of meals eaten at restaurants today, but despite this food delivery apps are helping restaurants grow their sales by 20%, the report claims.

Deloitte suggests that food delivery will offer operators better asset utilisation by allowing them to deploy otherwise idle assets, such as kitchen equipment, during quieter periods.

It will also provide access to a large network of potential customers and reach customers that would not have ordered from them without third party platforms.

Food delivery kitchens have corporate catering contracts in their sights

Tags : food deliveryresearchUberEATS
Andrew Seymour

The author Andrew Seymour

Leave a Response