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Emilio Aguinaldo College - Manila Page School of Hotel and Restaurant Management Section 2: Industry Analysis
Emilio Aguinaldo College - Manila Page School of Hotel and Restaurant Management Section 2: Industry Analysis
Food is important part of the Filipino culture. The fact that Filipinos love
eating and trying different types of taste, presentation and aspect of the food they
tend to explore new unfamiliar foods. They want to try native foods like exotic or
unique foods in different places. Exotic foods are strange that you might think it is
not edible to eat and also some of foreigners wants to try our exciting food. The
the back of 84,503 food outlets operating in the country. This year, revenues are
seen to top P616 billion with 3,126 more food service establishments in operation
than there were in 2016. The insatiable demand for food comes from our enormous
population of 106.5 million whose median age of 24.3 years old is the prime age
for eating out. There are 4,875 newborn Filipinos added every day. The food service
industry is seen to expand in tandem with the growing population and rising
incomes. For the year 2020 and 2021, revenues are seen to reach P637.3 billion and
P656.5, respectively.
INDUSTRY STRUCTURE
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School of Hotel and Restaurant Management
The restaurant is all about the exotic foods in the Philippines, your
Philippine adventure will not be fun if you'll not take a bit of a risk and trying some
of the dishes made of exotic foods. The ideas of the business owners they want to
create a new taste and make a twist of every food they make.
NATURE OF PARTICIPANTS
As well as the business plan conquer the Filipino style dish, we are planning
to make a new product that will be tackled in every part in food industry which is
the Exotic Foods. These are the key success factors, first is Strategic Focus that
Responsiveness), Lastly the Finance that need the (Assets, Facilities, and
Equipment). These 5 key success factors will be helpful to fulfill the needs to
INDUSTRY TRENDS
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School of Hotel and Restaurant Management
When it comes in industry trends not only the Filipinos but also foreign
people, they are looking for something new to taste. So, we we'll give them what
they looking for and they will never forget because consumers’ tastes are getting
more sophisticated, and they’re looking for subtlety and complexity in flavors.
LONG-TERM PROSPECTS
Exotic food is a large impact when it comes in our own cuisine, Filipino
cuisine. As part of our culture originated, it brings art, uniqueness and undefying
taste that satisfied most of Filipino people. When it comes in long term prospects
that happen today and in near future exotic foods may never change because as
Filipino people, we love food not only in taste but the taste of our history.
COMPANY DESCRIPTION
Exoticism is a Filipino cuisine that serves exotic foods. The team come up
in this kind of ideas because as we're Filipinos we want to introduce our very own
dish to others specially foreigner. We want them to experience the fantastic taste of
our exotic food, that everyone will enjoy. The main goal of our company is to be
proud of our own food especially exotic foods. We will achieve the success of our
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School of Hotel and Restaurant Management
company by the help of one of ourselves to pursue the fantastic taste that you'll
never regret and once you taste it you will go back on our restaurant.
COMPANY HISTORY
Aguinaldo College. The concept of this corporation is for everyone to try eating
exotic foods with a twist. The business is built this 2019. The corporation wants to
introduce the Filipino Exotic Cuisine that has a unique taste. This restaurant will
be popular because of its own product. The business owners are planning to build
their first restaurant around Ermita, Manila City. The owners want to sell products
from the Philippines because they want, their customers to recognize the products
in their country.
MISSION STATEMENT
Do right and far exceed expectations daily. We do the right thing and lead
by putting people first. Each and every connection with our team, guest and
We offer a leap of taste from the ordinary to extraordinary exotic food with
the revolution of its own. The corporation’s main goal is to present a very unique
product, healthier at the same time and an excellent service to our valued customers.
The business giving a 5 star in markings of the restaurant and offering food and
beverages services.
CURRENT STATUS
The corporation targeting all people in the country to try our best exotic
food with a very unique presentation itself. As the corporation is new to the business
world, the corporation Exoticism come up with the idea of starting this business in
Ermita, Manila since it has a large amount of people there specifically foreigners
and local students. The corporation still working on a progress for the better
Aguinaldo College. The people behind this business are Russan Myles Aquino,
Ermin II, Mendoza D., Sharina Ventura, Angeline Castillo, Jonathan Munez, John
Robert Delmoro, and Joceline Rosales. The restaurant came up in this idea of
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School of Hotel and Restaurant Management
business to encourage every Filipino people to love their own cuisines and also to
encourage other nationalities to try and love the best Filipino cuisines. The
corporation pay their own taxes to the Government to help also the environment for
a better community.
KEY PARTNERSHIP
The Exoticism is open for a partnership that has an important of all the
counsel.
business.