Restaurant Revenue To Hit $1.3 Trillion by 2023

Foodable

On this episode of The Barron Report , host Paul Barron gives a deep dive into the data behind an anticipated record growth for the restaurant industry over the next three years.

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7 tips for setting up food delivery for your restaurant

Typsy

Restaurant-to-customer food delivery was already anticipated to explode in the early 2020s, and market research now forecasts global market growth of over $40 billion by 2023. Even before 2020, delivery service was looking like the way of the future when it comes to the restaurant business.

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Watch Webinar: Everything You Need to Know About the $28.6 Billion Restaurant Revitalization Fund

Restaurant365

Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

Emerging Trends in Restaurant Benefits

Modern Restaurant Management

With winter behind us and summer approaching, it is time to begin planning for the 2023 benefits plan year. Planning for 2023 will be complicated, especially for the restaurant sector.

2022 132

Everything You Need to Know About the $28.6 Billion Restaurant Revitalization Fund

Restaurant365

Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Complete the form to view this on-demand webinar.

2023 78

Rising Restaurant Minimum Wage: What to Know for 2021

Touch Bistro

By January 1, 2023 California’s minimum wage will be $15.00/hour for all employers. Planned increase to $14.00/hour on July 1, 2022 and $15.00/hour on June 1, 2023. Planned increase to $14.25/hour on January 1, 2022, and increase to $15.00/hour on January 1, 2023.

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Coffee News Recap, 29 Apr: Nespresso becomes B Corp, PRF Colombia announces scholarship programme & other stories

Perfect Daily Grind

The Canadian coffee chain is also aiming to double the number of UK locations by the end of 2023. By 2023, Costa aims to roll out the lids across all UK stores. Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories.

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The Future is Now Keynote | Paul Barron

Foodable

By 2023, digital channel expansion will increase to 70 percent of restaurant food sales. Food Leaders blends virtual experiences with premium production and content to educate business operators worldwide.

2023 85

2022: A Year of Transition for Restaurants

Modern Restaurant Management

Between 2023 and 2030, the industry is projected to add an average of 200K jobs each year, with total staffing levels reaching 16.5M

2022 143

How Solar Power Can Help a Restaurant’s Bottom Line

Modern Restaurant Management

It drops to 22 percent in 2023 and after that, it drops to 10 percent. Each year, food waste in the restaurant industry reaches losses that are in the billions.

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Q1 2022 Legal Update

Modern Restaurant Management

Connecticut Extends Outdoor Dining to April 2023 : On March 30, 2022, Connecticut governor Ned Lamont signed legislation that relaxes outdoor dining rules until April 30, 2023 to allow restaurants to continue serving customers outside. Pooja S.

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Coffee News Recap, 20 May: Brazil’s coffee exports hit four-year low, PRF Colombia awards scholarships & other stories

Perfect Daily Grind

The virtual forum will be held on 12 July from 8:00 to 11:00 EST. The in-person event will take place in Kigali, Rwanda from 12 to 13 February 2023. Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories. Mon, 16 May.

2022 109

Quick Facts About the Restaurant Revitalization Fund (RRF) Process

Modern Restaurant Management

Eligible establishments have until March 11, 2023, to use the funds on qualified expenses. The American Rescue Plan Act, passed this spring, allocated $28.6 billion to a Restaurant Revitalization Fund (RRF) to help restaurants on the road to recovery.

2019 144

Liquor Licensing 101 for Restaurants in Recovery

Modern Restaurant Management

Tennessee for example passed a new law that allows carryout and delivery of alcohol that expires in 2023. As restaurants hire new employees, they are finding it more difficult to come across experienced workers who can also train other team members.

Restaurants Implementing Technology Today Are Better Prepared for the Disruptions of Tomorrow

Modern Restaurant Management

From 2019 to 2021, the number of customers using food delivery apps rose by 21 percent , and this number is expected to grow another 22 percent by 2023.

2022 118

September/October 2020 and Elections Legal Update

Modern Restaurant Management

These requirements for businesses will go into effect on January 1, 2023. Benefits will begin on January 1, 2024, with taxes to be paid starting on January 1, 2023. Pooja S.

2020 153

Restaurant Loyalty Program: Build Lasting Relationships

Focus POS

According to data provided by OpenTable , 62% of customers prefer delivery, a 10% rise from the pre-pandemic rates, and this upward trend is expected to continue through 2023. How Your Restaurant Loyalty Program Impacts Revenues During a Shutdown.

6 Tips to Make the Switch to Sustainable To-Go Containers Painless

Cheetah

Washington state already passed similar legislation and will be banning foam clamshell to-go containers as of June 2023. Reading Time: 4 minutes. Use of to-go food containers surged during the pandemic’s delivery boom.

2022 Restaurant Industry Trends: Part 2

The Restaurant Group

In October 2021, the US Food & Drug Administration (FDA) advised Americans to cut their daily sodium intake from 3,400 mg to 3,000 mg by 2023. Restaurant Industry Trends and Outlook for 2022.

2022 78

7 Smart Ways (Practical) to Increase your Restaurant Sales in 2021

Bingage

billion annually by 2023! We all know that the F&B industry is one of the hardest-hit industry during the pandemic that made drastic changes in the way it operates. Now We have successfully entered into 2021.

2021 81

FSMA Rule 204 Updated: What Restaurants Need to Know Right Now

Modern Restaurant Management

The FSMA 204 has already been launched, and the final section of the law, FSMA 204, will come into effect in 2023 with a food traceability record compliance date of 2025.

2022 141

Zomato is likely to Buy Uber Eats India: Latest Report

Bingage

billion by 2023. Highlights : 1. Zomato to buy Uber Eats India 2. Uber Eats India Currently Valued at $400 million. Uber might invest between $150 – $200 million in Zomato.

2019 59

Easy Guide to Applying to the Restaurant Revitalization Fund

Cheetah

The grants do not need to be repaid so long as you qualify and use them by March 2023. . Reading Time: 4 minutes. Billion. That’s how much the American COVID-19 Rescue Plan has put towards the Restaurant Revitalization Fund (RRF). Applications opened on May 3 rd 2021 and $2.7

GOING LOCAL MAY HELP UNTANGLE MEAT SUPPLY CHAIN KINKS

Restaurant365

Operators may have to wait until 2023 before there’s much relief.” . Sourcing beef and pork from smaller local producers will alleviate some supply chain headaches. And it’s not necessarily more expensive. This article was published in Restaurant Business.

SBA Will Open RRF Registration on April 30

Modern Restaurant Management

Funds must be used for allowable expenses by March 11, 2023. The U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund.

Successful Restaurants Leverage Their Digital Ordering Channels

Modern Restaurant Management

million by the end of 2023. The last year has had a profound impact on both restaurant operations and customer preferences, resulting in permanent changes.

Coffee News Recap, 6 May: Vietnamese coffee production could drop 10% in 2022/23, China’s coffee imports to increase by 5% in 2022 & other stories

Perfect Daily Grind

Chobani has also delayed its IPO until late 2023. Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories. Mon, 2 May. Beans Coffee Club becomes official coffee partner for electronics retailer Currys.

2022 109

Restaurant Tech You Need in 2021: Delivery Management and Optimization Solutions

Xtra Chef

million people by 2023. Building your restaurant’s tech stack for 2021. If you’re an xtraCHEF client, you’re already taking control of food costs, managing your inventory, improving productivity & increasing profit.

2021 123

Top 5 Hospitality Trends for your Business — the Inside Scoop

Kounta

Revenue for the hospitality industry will exceed $108 billion by the year 2023 — Bankwest, Future of Business. The hospitality industry is fuelled by people’s obsession with food. This fixation has driven innovations like self-serve kiosks and kicked off fads like ramen burgers.

Why Innovative Dining Experiences Are Driven by Facility Management Technology

Modern Restaurant Management

A new normal has evolved in the restaurant industry: Digital delivery sales are expected to grow at a compound annual rate of over 22 percent through 2023 , according to L.E.K.

Why Driving Traffic is Still Central to Restaurant Marketing

RGU

is one of two countries, along with France, that registered above the industry average for restaurant investments in drive-to-store, with the investment level predicted to rise to 77 percent by 2023. BY ED SILHAN ​ So why do restaurants see so much value in drive-to-store advertising?

Cloud Kitchens – The Future Of The Restaurant Industry Beyond COVID

The Restaurant Times

The food ordering market in India is expanding at a CAGR of 16% to reach $17 billion by 2023 as per DataLabs by Inc42. billion by 2023. . Nobody could have predicted that the pandemic, which culminated in total lockdown in March 2020, would have such severe financial consequences.

Coffee News Recap, 22 Apr: High levels of coffee leaf rust found in Vietnam, PRF Colombia announces new Host Sponsor & other stories

Perfect Daily Grind

In 2020, Starbucks provided the FNC with US $3 million to distribute 23 million coffee seedlings by 2023. Every Friday, Perfect Daily Grind rounds up the top coffee industry news from the previous week. Here are this week’s stories. Mon, 18 Apr. PRF Colombia announces new Host Sponsor.

2022 96

5 Steps to do Social Media Right

Goliath Consulting

With more than 79% of the US population now using Facebook, Instagram or Twitter 1 and users projected to increase to 257 million by 2023, restaurants can no longer afford not to invest in their social media presence. Using Instagram, Facebook or Twitter to grow your restaurant business. By Bora Kang.

The elevation of F&B in the Hotel industry

Future Food

25 Hours Hotel Cremorne Opening 2023 – A Future Food Project As one of the first outside of Europe, the 25 Hours hotel in Cremorne will become a beacon within the Malt District precinct.

Hotels 131

How delivery has transformed the restaurant industry

Deliverect

billion dollar by 2023*. It’s impossible to imagine the food and restaurant industry today without food delivery. Just a few years ago, takeaway and delivery was all about pizza, kebab and Chinese food. In 2019, it’s a whole new world: with a few clicks you can now easily order your favorite dish, wherever you are, and have it delivered to your door in a heartbeat. Digital transformation. Zhong Xu, co-founder and CEO of Deliverect, has seen some big changes in the past few years.

2019 66

Darden Restaurants Stock Analysis

Foodable

trillion category—in terms of revenue by 2023. On this episode of The Barron Report , host Paul Barron gives a deep dive stock analysis of the multi-brand restaurant operator Darden Restaurants. Three Key Points: Food away from restaurants is expected to reach 58 percent—a $1.3

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Planning to start a Cloud kitchen? Here’s all you need to know before.

Bingage

Bn by 2023. The whole country is facing a global crisis caused by COVID-19 which led to a change in the way restaurants operates. Coronavirus pandemic created a massive agitation in the restaurant industry.

March/April 2021 Legal Update

Modern Restaurant Management

Starting January 1, 2023, any food product containing sesame must indicate that on its label. Pooja S.

2021 117

The complete list of food delivery services in Europe

Deliverect

Europe’s top 5 countries in terms of platform-to-consumer revenue are the UK ($2,061 million by 2023), Germany (377 million), France (941 million), Spain (430 million) and Italy (391 million)*. (Updated Nov 2019).

2019 85