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93 Restaurant Industry Statistics Every Food Service Operator Needs to Know in 2024

Apicbase

2023 has been a challenging year for restaurant operators, caught as they were between rising food costs and labour shortages. In a 2023 survey, 29% of operators said they are very likely to open new locations in 2024. Most operators raised their menu prices in 2023, but fewer expect to do so in 2024. decline from 2022.

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Mastering Multi-Channel Sales: A Comprehensive Guide for QSR Operators

Rocket Fuel

However, 2022 saw a resurgence in counter sales, reaching 14.44%, a 51.9% Here are some of the most important learnings from 2022: Delivery channel growth: The delivery channel has grown by a staggering 1,343% since 2019. In 2022, delivery checks were 63% higher than drive-thru and counter checks on average.

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85+ Restaurant Industry Statistics That Every F&B Operator & Manager Needs to Know in 2023

Apicbase

The F&B industry grew in 2022… and it will keep growing in 2023. It highlights those shifts so that you can prepare your operation for success without being blindsided by pitfalls and emerging trends. They could help guide your decisions in what is shaping up to be a very uncertain time for restaurant operators.

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Restaurant Marketing Has Evolved: Unlock the Preferences of the Modern Customer

Modern Restaurant Management

Some of the most valuable insights for restaurants are found in general operations data, customer data and website data. Take a look at your customer loyalty programs, email lists, website management and analytics tools and restaurant management systems, such as POS data, inventory management, CRM or reservation system.

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How To Run An Efficient Kitchen Operation: Q&A With Irfan Kuci From Focus Hospitality Consulting

The Restaurant Times

Irfan Kuci is the Director of Business Development at Focus Hospitality Consulting (FHC), a growing consulting firm based in Dubai with expertise in Back of House (BOH) design, MEP design, interior design, F&B concept creation, project management, franchising as well as hotel/restaurant operational assessments.

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Balancing Restaurant Labor Cost with Employee Satisfaction

Restaurant365

between February 2021 and February 2022. With the high cost of employee turnover, operators are walking a tight rope between optimizing labor costs and satisfying employees’ needs. Restaurant labor cost is increasing at an unprecedented rate. This too can help employee morale as performing at an optimal level can build self-esteem.

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The Ultimate Guide To Restaurant Profit Margin

The Restaurant Times

In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022. Your net profit remains after operating costs like payroll, rent, utility costs, ingredient costs, and equipment leasing fees have been subtracted from your gross profit.