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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This trend reflects the growing popularity of drive-thru and fast-casual dining, coupled with the demand for digital technologies such as QSR digital signage and QR codes.

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2024 Outlook: Restaurant Trends and Challenges, Part Two

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. We will rely heavily on the travel industry in 2024 to continue bringing us customers from local cities like Philadelphia, DC, Baltimore, New York, NJ, etc.

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Keeping Up with Diners’ Expectations Amid Rising Prices

Modern Restaurant Management

The NCR Voyix 2024 Digital Commerce Index revealed nearly half (48 percent) of consumers dine out less than they used to because inflation is top of the menu. The Index revealed 57 percent of consumers have canceled a delivery order after seeing the additional fees. They also want convenience and frictionless digital experiences.

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Why Get a Restaurant Expert to Validate Your Plan

Aaron Allen & Associates

Originally published in the Aaron Allen & Associates newsletter on 02/12/2024. In this context, the only way to work your way out of inflation is innovation. There were a number of acquisitions evenly distributed across segments, from snacks to fast casual to full-service and QSR.

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Cloud Kitchens And The Future Of Restaurants

The Restaurant Times

According to a report by RedSeer Management Consulting, cloud kitchens are set to be a $2 billion industry in India by 2024, up from $400 million in 2019. Before Covid-19, there was a distinct divide between delivery centric focussed and dine-in brands. However, this would not be the case going forward.

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HORECA Middle East: 5 Opportunities in the Hotels, Restaurants, and Catering Industries

Aaron Allen & Associates

And forecasts for 2024-2028 are also positive, with Egypt expected to have the highest growth rate, followed by the United Arab Emirates. The consumer is twice as likely to order food for off-premise consumption (takeaway, food delivery, or drive-thru), and almost four times as likely to order online as they were before the pandemic.

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2023 Reflections: The Year That Was in Restaurants, Part Two

Modern Restaurant Management

While these tools have so far proven revolutionary as time-savers, the months ahead will reward innovation-minded restaurant leaders willing to go beyond these entry-level AI uses and find new ways to leverage it for improved customer engagement, back-end data processing and more. This will continue with those in the middle getting squeezed.

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