Remove 2023 Remove Casual Remove Pricing Remove Recruiting
article thumbnail

Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

Quick service, fast casual and bars and taverns have exceeded where they were in February 2020. As of the end of 2023, the industry is still 14,000 jobs behind that pre-pandemic level. And well-being benefits do make a difference , reducing recruiting costs and sick days taken as well as promoting employee satisfaction.

2024 117
article thumbnail

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. billion by 2030.

2024 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MRM Research Roundup: Super Bowl and Valentine’s Day 2024 Edition

Modern Restaurant Management

Yelp’s engaged community of locals who share their opinions and reviews is what enables its community to connect with great local and affordable businesses – more than 85% of the businesses on the list are priced under 30 dollars per person. trillion (7 percent of total revenue) due to poor customer experience in 2023.

2024 196
article thumbnail

What Is Incentive Pay and How Does it Work?

Sling

Those classes are casual and structured. Casual Casual incentives stick to no set schedule and can be given to an employee at any time as a reward for reaching goals or exhibiting outstanding performance. Casual incentives can take the form of anything from recognition to cash to a catered lunch.

article thumbnail

How to write a restaurant marketing plan that puts butts in seats [Ideas and Strategies]

7 Shifts

Make all touchpoints of your restaurant feel like the cool, casual, fusion, or fine dining establishment it is. Can you undercut their prices, or out-market them? What to use it for: Any and everything: showcasing your food, behind-the-scenes looks at your kitchen, highlighting your hardworking team, or even recruiting staff.

Seating 221
article thumbnail

Restaurant Conferences to Attend in 2022

7 Shifts

Who knows what's in store for the 2023 event, already scheduled for next April? Attendees can meet mentors, learn how to recruit better, and learn how to ensure a healthy restaurant from a physical and mental standpoint. Topics: Restaurant Operations, Technology, Health & Wellness, Workforce Recruitment & Development.

2022 195
article thumbnail

MRM Research Roundup: Mid-January 2020 Edition

Modern Restaurant Management

The best performing segments during Q4 (and those that achieved positive same-store sales growth) were family dining, fine dining and upscale casual. Upscale casual also achieved positive sales growth during Q4 but experienced a small dip in sales for the entire year compared with 2018. For more information, click here.

2020 110