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Local events and weather may have influenced trends in some states, like New Mexico and Louisiana. For instance, February 2024 saw visit numbers surpassing not only January but also the December 2023 numbers. On the other hand, in both 2023 and 2025, February visit numbers were actually even lower than in January.
For restaurants, especially those operating on thin margins, these fees can influence pricing strategies, profitability, and even operational decisions. As of October 2023, Visa charges restaurants between 2.1 In 2023, 82 percent of US consumers owned a credit card, which was up from the previous three years.
In the restaurant industry, advances in payment processing and payment technology are driving significant changes, influencing everything from customer experience and operational efficiency to revenue generation and security.
Additionally, the growth in loyalty program engagement, with diners engaging weekly or more often, up from 34 percent in 2023 to 47 percent now, also signals an opportunity for operators to deepen relationships with diners through rewards, incentives, and technology (58 percent of diners are receptive).
Only 14 percent of respondents described business performance as poor/very poor, which was down from 23 percent in 2023. Notably, 92 percent of respondents reported increasing staff wages in 2024, up from 84 percent in 2023, reflecting the ongoing rising cost of labor. Labor costs continue to rise.
To identify the Fastest Growing Brands, the data science team ranked brands using a blended metric including net new business openings, consumer interest, and searches on Yelp in 2024 compared to 2023. For this report, we measured consumer interest in 2024 compared to 2023. Brands like BB.Q
61 percent of kiosk users say they want to see more kiosks in restaurants – up from 57 percent in 2024 and 36 percent in 2023. Guests are significantly pulling back their discretionary spending, which is directly influencing when, how, and what they choose to order at quick-service and fast-casual restaurants.
Country music was one of 2023's fastest-growing streaming genres in the U.S., It can influence customers to keep a steady flow in and out of the restaurant, along with drawing sidewalk traffic into the energetic setting. This can influence the fewer guests to spend more time dining, promoting higher tabs.
Thirty Nine Restaurant opened in 2021, closed for reconceptualization in 2023, and is slated to reopen in early 2025. In 2023, she published a cookbook, Corn Dance: Inspired First American Cuisine , featuring approachable dishes like spicy sage popcorn and braised bison short ribs.
Distinctive choices like shakshuka (District of Columbia), knoephla soup (North Dakota), crawfish etouffee (Louisiana) and Sonoran hot dogs (Arizona) each claimed the top spot in one state, demonstrating how regional heritage and cultural influences create unique Super Bowl traditions across the country.
The Liver King, a carnivorous diet influencer with millions of followers, takes inspiration from our mythical ancestors, who he believes stayed healthy and fit through a diet of unprocessed raw meat. Seed oil criticism is often espoused by influencers and channels who hold other reactionary beliefs.
” Influencer marketing has also emerged as a popular strategy in recent years, as seen by the success of brands like Emma Chamberlain Coffee, which generated US $20 million in revenue in 2023. But while the power of influencer marketing is undeniable, it still requires a strategic approach.
from 2023 to 2030. Forge partnerships with local food influencers to create authentic buzz and attract new users. The numbers speak for themselves. The global online food delivery market size was valued at USD 221.65 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 10.3%
We’ve also seen variations in water quality, climate, and usage patterns that influence how often certain cleaning tasks need to be done. Cafetto was the Official Cleaning Product Sponsor of the World Barista Championship, a competition that sets the highest standards in specialty coffee, from 2008 to 2023. “In
A recent survey found that younger travelers are especially interested in experiential and event-based travel, and another survey found about 30 percent of younger travelers cite influencers and celebrities as their major travel inspiration. In 2023, she brought 33 people to Vietnam for 12 days.
The focus on offering a wider variety of prepared and ready-to-eat food items is clearly paying off, as c-stores registered record sales in 2023. An analysis of insurance claims processed in 2024 compared to 2023 shows a 4.4 percent growth from 2023, other chicken dishes like Sesame Chicken (+7.32 percent decrease in claims.
How competitions have influenced the coffee industry Many consider events like the World Barista, Brewers Cup, and Coffee in Good Spirits Championships the pinnacle of excellence in specialty coffee. The docuseries was also selected for the 2023 New York Independent Film Festival.
The NCA’s latest data reveals that ready-to-drink coffee has emerged as the third most popular preparation method among past-day specialty coffee drinkers in the US, representing an extraordinary growth of more than 83% since 2023.
Everything served at Paul Chuanchaisits Los Angeles supper club DAG has some sort of Thai influence, he explains. In 2023, the Manchester, England pasta restaurant Onda gained massive attention with videos of its tiramisu drawer, an easy-access holding place for tiramisu during service. The result: tiramisuman.
.” The report, “Emerging Trends: Daypart Disruptions Impacting Consumer Behavior,” reveals t evolving dynamics of daily eating patterns, the rise of snack foods in traditional meals, and the influence of life stages and workplace changes on consumer habits. The popularity of early breakfast times, surprised Portalatin.
Full year reporting on insolvency in July (comparing financial year 2023-24 to 2022-23) indicated a 42% surge in insolvencies on the previous year – up to 1576. It is street & food truck-influenced food moving into bricks and mortar. What is happening with consumer spending patterns in the hospitality sector?
Chalk it up to the Small Plates Meant for Sharing era, which has been going on for at least a decade , so much so that Bon Appetits Sam Stone begged in 2023 for restaurants to stop explaining that everything needed to be shared. When did we become allergic to the word appetizers?
These tools have already made an impact – average wait times dropped by 4 seconds in 2023 alone. In March 2023, they introduced biometric facial recognition technology from PopID across 300 U.S. diners influenced by online reviews, keeping an eye on review platforms can provide valuable insights into customer sentiment.
The evidence is in the numbers: According to Vox , from 2021 to 2022, pop-ups grew a whopping 105 percent in the US; from 2022 to 2023, there were 155 percent more pop-ups. Pop-ups can either be a final destination for a menu concept, or, for those determined to open a brick-and-mortar spot, a stop along the way to restaurant ownership.
In fact, in a 2023 Coast survey on animal fats, half the sample of 1,000 respondents gave a thumbs-up to animal fats for taste and versatility in the kitchen. Parents of young children are the most influenced, with many saying a playground makes a restaurant feel more family-friendly.
Nearly half (47 percent) of diners say they engage with loyalty programs at least once a week, up significantly from just 34 percent in 2023. This year, diners reported spending $54 on average when eating out at a restaurant – up from $48 in 2023. 50 percent of Gen Z also said they plan to order takeout or delivery more often.
COGS Are Key as Hiring Pressures Decline In 2024, 16 percent of operators say analyzing and managing the cost of goods and services and supplier and vendor management are top pain pointscompared to 12 percent in 2023. The Influence of Reviews HungerRush™ revealed how restaurant reviews significantly influence where people choose to eat.
Farmer Brothers sold assets worth approximately US $100m to TreeHouse Foods in June 2023. The singer‑songwriter and social media influencer Lars Huang will spearhead online marketing campaigns, lead new merchandise launches, and appear at in‑store events to boost Tims China’s profile among Gen Z consumers.
From Fine Dining leading the pack, but also likely being a statistical mirage— to weather continuously influencing performance… It can be easy to get lost in data. When calculating same-store sales growth compared with February 2023, fine dining is performing near the bottom of the industry. Comp Sales -5.7%
But it’s also having an impact on the wider industry, influencing high-end coffee shops and home brewing setups. The Nucleus Paragon Espresso tool (a titanium-coated stainless steel sphere with a liquid core containing glycerin and water) was a notable fixture at the 2023 World Barista Championship.
But as we explored the crop of stellar new restaurants that opened between September 2023 and September 2024, we found ourselves — if fleetingly — forgetting about the real world outside the dining room, and settling into meals that felt exciting, confident, and joyful. And that’s a good thing; food is serious business.
2023 Market Correction vs 2025 Market Drop Although the tariffs are not expected to directly impact restaurant costs as much as other sectors, the runoff effects of the downturn have affected the revenue of hospitality businesses across the industry. Between July 31st and October 27th, 2023, the stock index fell from 4,588 to 4,117, a -10.3%
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.
Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.
In February 2023, our Revenue Management Solutions (RMS) data analytics team advised on the benefits of attracting and keeping frequent diners. According to our Q1 2023 survey , frequent users were not just visiting QSRs; they planned to keep visiting. RMS dug deep into many influences on dining choices – including social media.
As Merriam-Webster's word of the year for 2023, authenticity is proving to be something that people of all generations search for now more than ever. The Gen Z Influence This tasteful group of about 70 million Americans craves authenticity in every bite, from organic street foods to diverse global cuisines.
In a State of the Restaurant industry report, the Natiional Restaurant Association sees a return to normal with predicted sales growth in 2023. million by the end of 2023. Competition is heating up : In 2023, 47 percent of operators expect competition to be more intense than last year. "The
A Decade of DoorDash DoorDash celebrated its 10th anniversary by unveiling Dash From the Past 2023 and Dash From the Past: A Decade Delivered, which checks in on popular trends as we celebrate the best of what users have dashed over the past year, and over the past decade. Like the most ordered food on DoorDash of all time: French fries.
This is coupled with the global ethnic food market projected to grow by approximately eight percent from 2023 to 2023. Eighty three percent of Gen Z is excited for new food and beverage trends with 25 percent expecting to dine out more this year, according to a recent Datassential report.
After a fitful 2022, when a wave of pent-up wanderlust crashed over hot destinations, overwhelming hotels and airlines, 2023 seems like a chance to give up revenge travel and reset. The influencers have taken over Italy. Mana — Authority, influence. We’re taking our time while traveling this year. SARDINIA, ITALY. Shutterstock.
Experiential dining, plant-based menus and sustainability were hot topics in the Les Dames d’Escoffier International (LDEI) 2023 Trends Report. The influence of chefs continues to expand whether it is championing a cause or investigating the provenance of a unique ingredient.
Together, Eater’s 12 Best New Restaurants represent the highest highs of the year in dining — loosely defined as October 2022 through September 2023 — as well as the promise of what’s to come next. Hillary Dixler Canavan Molly J. It’s just right.
Amid forced closures, the pandemic influenced restaurant adaptations overnight. Tennessee for example passed a new law that allows carryout and delivery of alcohol that expires in 2023. Some jurisdictions prevent the practice altogether. Cocktails-To-Go. One of those innovations being cocktails-to-go.
To compile the report, Yelp’s data science team looked at net new business openings, consumer interest and user searches to create a blended metric that ranks brands by how quickly they’re growing year over year from 2022-2023.
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