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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. Don’t be afraid to increase price.

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

Modern Restaurant Management

More closures in 2023 could reduce the number of restaurants to about 630,000 locations. In August 2023, only eight percent of consumers we surveyed say they do not eat out, so dining out is “in” again. In Causeway Solutions’ September 2023 survey*, we asked more than 800 U.S. Less likely to frequent fast food.

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2024 Outlook: Glass Half Full? 

Modern Restaurant Management

Net sales are primarily driven by average check increases and pricing opportunities are diminishing. When asked if they had ordered more or less from full-service, fast-casual and QSRs in the past month, respondents were primarily bearish, except when it came to QSRs. percent in December 2023 vs. 6.5 percent in Q4 2023.

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Our Restaurant Industry Predictions for 2023

The Rail

It seems annually that everyone with a platform jumps into the pool so they can predict what 2023 will bring in their various industries. We’ve already gone over our top restaurant stories of 2022 , so let’s see what the crystal ball says for 2023. Your Menu Will Never Be the Same. Restaurant Labor Will Continue to Organize.

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Moves Modern Restaurants Are Making in 2024

Modern Restaurant Management

We’ve seen this trend take off at many quick-serve or fast-casual chains, where displays and screens provide entertainment value for patrons as they wait for their meals or decide if they are staying for dessert. Or, in some circumstances, allowing patrons to pre-order their food via these applications without engaging with waitstaff.

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15 creative restaurant promotion ideas and strategies for 2023

Open for Business

For a fine dining Italian restaurant, it could be that fresh truffle supplements are available at a premium price for a limited time. Offering them at a discount might reveal if they’re priced too high to move. (If Buy X, get Y free This classic promotion works better for casual spots than fine dining restaurants.

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JBF Survey: Chefs Optimistic Despite Challenges

Modern Restaurant Management

Rising food costs are the number one issue of concern for chefs heading into 2023, according to the survey, with 44 percent of respondents ranking it as their top worry. What were common menu items where prices were raised? . Sixty-seven percent of respondents raised prices throughout their entire menu, and 25 percent on a few items.