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Restaurateurs Foresee Bright Future as Fine Dining Turns Vegan

Modern Restaurant Management

We are witnessing the evolution of fine dining. Bn at an impressive 22 percent CAGR in 2022. A rise in number of vegan restaurants is witnessed as younger population especially women are preferring vegan diet over traditional fine dining options. Plant Based Protein accounted for US$ 11.3 percent in 2021.

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MRM EXCLUSIVE: Consumer Data Analytics Reveal Dining Patterns to Attract Customers 

Modern Restaurant Management

In 2022, there were about 631,000 restaurants in the United States. With those stats in mind, Causeway Solutions conducted consumer research* on today’s dining trends compared to our research over the past few years. When asked if they were dining out tonight: 30 percent said they would choose a chain restaurant.

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Casual Dining Chains Are Back, Baby

EATER

| John Greim/LightRocket via Getty Images Once shunned by millennials, “uncool” chains are gearing up for a comeback For years, millennials were blamed for the death of the casual chain restaurant. Applebee’s saw massive sales growth in 2021 and 2022. Meanwhile, growth in fine dining has been much more meager.

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

Black Box Intelligence

Steep declines in gas prices and the moderation of inflation rates appear to be the reason behind the bolstered sales growth numbers. . from August 2022. in June and July (a sliver of a silver lining) – this is the seventh month in a row (since March 2022) that same-store traffic growth numbers have been negative.

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JBF Survey: Chefs Optimistic Despite Challenges

Modern Restaurant Management

Chefs are expressing optimism and anticipate a return to “normal,” according to the 2022 James Beard Foundation Fall Industry Survey. Patience and grace go a long way right now, when dining out. . What were common menu items where prices were raised? . With restaurants tightening their menus, what items are being cut?

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Vancouver’s First Michelin Guide Is Here

EATER

short Vancouver’s old(er) guard of fine dining restaurants were left by the roadside last night at a Michelin Guide ceremony where only eight one-star awards and 23 Bib Gourmands (the guide’s ‘great food at a great price’ category) were handed out. Here’s the full list: Vancouver’s 2022 Michelin Stars. Lawrence/Official.

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??Widespread Slowdown of YoY Sales and Traffic Growth Continues for all Restaurant Segments

Black Box Intelligence

Same-store traffic experienced negative YoY growth for the five-month period ending in July 2022. July’s top performing segments based on sales growth were Family Dining and Fast Casual. The industry’s worst performing segments – those posting negative YoY same-store sales growth – were Casual Dining and Fine Dining.