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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. For part one, click here.

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Dining Trends for 2024

Modern Restaurant Management

Experiential dining, plant-based menus and sustainability were hot topics in the Les Dames d’Escoffier International (LDEI) 2023 Trends Report. Among the findings: Casual experiential dining appeals on many fronts to consumers of varying ages in different parts of the country looking for affordable culinary experiences.

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Emerging Restaurant Chains Are Vacuuming Traffic From Established Chains…

Aaron Allen & Associates

Restaurant Due Diligence Services … And Established Casual Dining Chains Are Facing Traffic Challenges Making Them Ripe for Consolidation… Restaurant chains in the U.S. account for a market capitalization of almost $500 billion (as of the end of 2023) divided among 48 companies.

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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. Why do you feel restaurant owners are optimistic for 2023? . clustered as the next three issues of concern, followed by supply chain issues around food items.

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These Six Restaurants Just Won the 2023 James Beard America’s Classics Award

EATER

Effectively, that means regions represented on the list this year (winners in 2023 Texas, South, Pacific and Northwest, Northeast, Mountain, and Great Lakes) will not be on next year’s America’s Classics list.

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Red Lobster’s Demise Was Never About the Endless Shrimp

EATER

In 2023, the chain brought back its endless shrimp promotion — all-you-can-eat shrimp scampi for $19.99 — as a way to bring diners in and get them to spend on cocktails and appetizers. On Twitter and elsewhere, the jokes were equally endless.

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

Modern Restaurant Management

Highlights from this year’s study, which surveyed more than 1,100 consumers in November of 2023, included: Gift Card Spend Returning to Normal – Consumers said that gift card spending is bouncing back, with 69 percent of consumers purchasing the same amount of gift cards or more in 2023 compared to 2022. percent in 2023.

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