Remove 2022 Remove Back of House Remove Fast Casual Remove Fine Dining
article thumbnail

Restaurateurs Foresee Bright Future as Fine Dining Turns Vegan

Modern Restaurant Management

We are witnessing the evolution of fine dining. Nowadays, vegan food is becoming normal in restaurants and fast food joints. Bn at an impressive 22 percent CAGR in 2022. Bn at an impressive 22 percent CAGR in 2022. Plant-based eating was previously limited to some selected restaurants and casual cafes.

article thumbnail

NCR Reveals 2022 Hospitality Trends and Predictions

Modern Restaurant Management

Restaurant operators once again find themselves refocusing priorities and altering their plans for 2022. Here are some trends NCR is watching as move into 2022. Quick-service restaurants are also feeling the pressure – large chains like Chick-fil-A and McDonald’s have had to close dining rooms due to insufficient staffing.

2022 189
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Restaurant Sales Hold Strong in September 2022 Despite Persistent Decline in Guest Counts

Black Box Intelligence

Although those same factors seem to be slowing the erosion of guest counts across nearly all segments in the restaurant industry, guests continue to pull back on spending as their earnings decrease year-over-year (YoY) once adjusted for inflation. . from August 2022. reported in August. Same-store traffic growth fell to -3.6%

2022 86
article thumbnail

How Restaurants Are Evolving in 2021: New Business Models

7 Shifts

When we look back at the impact that 2020 had on the restaurant industry, we’ll see it as an accelerator of change. From converting to fast casual to offering meal kits to ghost kitchen-driven expansion, restaurants are meeting customers where they are (mostly at-home!) , and making the restaurant business better for it.

article thumbnail

Restaurant Sales Remain Strong With Last Two Months Posting Highest Growth Since March

Black Box Intelligence

year over year matched last month’s, with both tied for strongest performance since March of 2022, when the industry was still lapping over weaker results due to Covid. The best performing segment based on 3-year sales growth for the fourth month in a row was quick service, followed by fine dining. With roughly 2.5

article thumbnail

Consumer Confidence Bolsters Restaurant Sales & Traffic Growth in August 

Black Box Intelligence

Restaurant Sales Growth Rebounds – Posting Best Month Since March 2022 . How did the restaurant industry perform in August 2022? percentage points over July 2022’s growth rate. The segment with the largest growth was Fine-Dining, followed by Upscale Casual, and then Casual Dining. .

article thumbnail

Restaurant Sales & Traffic Signal Tougher Times Ahead

Black Box Intelligence

Once the very high menu price increases start abating, as is expected, it will be increasingly harder to post strong positive same-store sales growth as was the case for most of 2022. The only segment that was able to post positive 3-year same-store traffic growth during November was Fine Dining. year over year in November.