This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Post-Pandemic Dining: A Mixed Recovery One thing is clear: Diners haven’t returned to pre-pandemic dining levels. Limited-time offers (LTOs) and promotions that highlight quality ingredients can boost guest satisfaction and profitability without relying on deep discounts. Now, it’s table stakes. What drives app usage?
Restaurant industry insiders offer their insights on F&B trends we can expect to see in 2024. Some customers have the gift of foresight, using DoubleDash to add on recovery (or hair of the dog) essentials from nearby stores. Quirky Combos : This year, we also saw some unique combinations!
Overall, “large parties,” or a party with eight or more guests, had a +2 percent increase in same-store transactions in Q4 2023 compared to Q4 2022. Cheers to 2023: Overall, restaurant and bar guests drank approximately +11 percent more alcohol in Q4 2023 compared to the average for Q1 through Q3 2023.
This finding from Expert Market’s 2024 F&B Industry Report sheds light on a clear culinary gap within the industry's workforce. This insight seems unsurprising, considering that data from April 2024 revealed 43 percent of small business owners in the US were unable to pay their full rent on time.
Traffic & Sales: Momentum Slowing After Early Rebound The industry saw a three-phase cycle over the last 12 months: Early 2024: Marked by a slowdown. Mid to Late 2024: A period of modest recovery. Guests are cutting back on extrassplitting entres, skipping drinks, and avoiding desserts. in Q4 to 0.3%.
Key Takeaway | Two Guests, Two Strategies — and a Growing Divide Operators are navigating a tale of two diners: the value-seeker and the experience-driven loyalist. This is leading to very different strategies across the board, and the winners are the ones who know exactly which guest they’re building for. Strong Taco Bell U.S.
In the State of the Restaurant Industry Q4 2024 , the latest data from Black Box Intelligence reveals critical insights. Let’s jump into the trends and forecasts shaping the restaurant sector as we close out 2024. Thus, our previous predictions of a recovery have seemingly come sooner than we previously anticipated.
However, we’re seeing some major shifts around menu creation, procurement, and dining habits of guests. IBISWorld , 2022) Food service delivery space will grow to $174.3 The Corona pandemic sped up an already fast-track trajectory of the food service delivery segment. Statista F&B Delivery App Downloads , 2022).
Ocean Spray is joining forces with Massachusetts Restaurant United and the COREcares Foundation for this hospitality stimulus, in addition to offering discounts on the brand’s cranberry products to support restaurants on the road to recovery during the COVID-19 pandemic crisis. “We put the safety of our employees first.
The fourth quarter was not good for restaurant sales; each month posted worse same-store sales growth than the previous month, according to Black Box Guest Intelligence. In addition, colder winter weather eliminated some potential for outdoor restaurant dining, favored by many guests who believe patio seating is a safer option.
Turn Pricing into a Growth Strategy : A smarter approach to menu pricing can boost revenue and profitability without compromising guest experience. percentage points less than sales growth from the same two-month period in 2024. Delivery Fraud Incognia released the Gig Economy Edition of its annual Frontline Report. percent).
New data from the National Restaurant Association’s 2025 Off-Premises Restaurant Trends report highlights how off-premises dining has become both a consumer preference and business essential, with the convenience and availability of takeout, delivery, and drive-thru now deeply embedded in everyday life.
As always, 2024 was far from a boring year for operators who are still trying to play catch up from the COVID pandemic four years ago. Lets quickly walk through the top restaurant stories of 2024. Big Restaurants Go Bankrupt The restaurant industry is always tough but 2024 was not kind for some big and local restaurant chains.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content