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Summer Slowdown Continues as Record-High Inflation Keeps Consumers Questioning Spend

Black Box Intelligence

Restaurants are experiencing strong headwinds as the industry hits peak Summer season. Year-over-year guest counts have now been in a three-month decline (since March 2022), impacting sales and traffic. For the first time in over a year, segment frontrunner Fine Dining experienced its biggest drop in sales growth for the month of June.

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An Eater’s Guide to Phuket, Thailand’s Island Hotspot

EATER

In 2022, 9 million tourists visited Thailand’s largest island (down from 15 million in 2018) in search of white-sand beaches, clear waters, and palm trees. In the last decade, tourist-oriented restaurants, cheesy cafes, and fast food have moved into the town’s Chinese Portuguese shophouses. A busy dim sum restaurant in Phuket Town.

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Summer Slowdown Continues as Record-High Inflation Keeps Consumers Questioning Spend

Black Box Intelligence

Restaurants are experiencing strong headwinds as the industry hits peak Summer season. Same-Store Sales Growth Lowest Since February 2021 Year-over-year guest counts have now been in a three-month decline (since March 2022), impacting sales and traffic. Upscale Casual also saw a steep decline compared to May 2022.

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National Restaurant Show Canceled, Dog Haus Absolute, Pickup Pods and Melt It Forward

Modern Restaurant Management

Brands, Mount Franklin Foods, US Foods, Melt Shop, FoodMaven, Nathan's Famous, Island's Fine Burgers & Drinks, Checkers & Rally’s, Lineage Logistics and Minnow. In addition to the new brands, The Absolute Brands will introduce pop-up concepts for seasonal happenings and chef collaborations. Brands, Inc.

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Spring Break Travel is in the Forecast: How to Attract Tourists to Your Restaurant

Restaurant365

According to Vacasa’s 2022 Spring Travel Trend’s survey, one thing is clear: everyone needs a break this spring. The percentage breakdown of sales from travelers in a typical year pre-COVID-19 was as follows: Family dining – 31%. Casual dining – 32%. Fine dining – 41%. Fast casual – 25%.

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MRM Research Roundup: Catering, Kiosks, Tipping and Dry January

Modern Restaurant Management

Among the highlights: On or Off Prem Same-store catering transactions increased +71 percent in Q4 2023 compared to Q4 2022. Overall, “large parties,” or a party with eight or more guests, had a +2 percent increase in same-store transactions in Q4 2023 compared to Q4 2022. emerges, top tech investment for 2024.

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State of the Industry and More Restaurant Research

Modern Restaurant Management

A Return to Normal The National Restaurant Association released its 2023 State of the Restaurant Industry report, which examines key factors impacting the industry including the current state of the economy, operations, workforce, and food and menu trends to forecast sales and market trends for the year ahead. million by the end of 2023.

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