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2024 was a year of experimentation with AI, with restaurants testing it on customer-facing interactions, like AI drive-thru ordering, with varying degrees of success. In 2024, food prices have been high and consumer spending has been stretched thin, making it even more difficult for restaurants to attract new customers.
This devastating disease has led to the culling of over 20 million egg-laying hens in the last quarter of 2024 alone. Unlike localized contamination incidents—such as the recall of 10,800 units of Kirkland Signature Organic Pasture Raised Eggs due to Salmonella concerns in late 2024—the impact of HPAI is far-reaching.
In fact, according to the National Restaurant Association’s 2024 State of the Restaurant Industry report , more than half of millennials and Gen Z adults report they would choose a restaurant that offers technological services like mobile payments over those that don’t.
– Frenchie Audette, VP of Food Service at Divert In 2024, the restaurant industry continued to adjust to changes sparked by 2020. After a challenging 2024, it’s promising to see restaurant operators looking ahead to 2025 with optimism.
Equip your business for success in 2024. Master recruiting, control skyrocketing labor costs, and reduce turnover rates. Get insights into key metrics like Time-to-Fill, Cost-per-Hire, and Turnover Rate.
Navigating Emerging Challenges in Profitability In 2024, U.S. trillion in 2024. By mid-2024, 82 percent of food and beverage operators were still actively recruiting, with chefs and cooks comprising 30 percent of open roles. Enhance managerial training : Equip managers with tools to foster a positive workplace culture.
Stop Overpaying Your Distributors In 2024, Sysco reported a gross profit of $14.6 On top of that, I upgraded all my beverage coolers and dispensing equipment at no cost. Whether it is rebates, equipment upgrades, or marketing support, these companies are often willing to provide added value to secure your loyalty.
percent in 2024 — falling short of the 4.1 Meanwhile, Chili’s, which saw average unit volumes increase 16 percent in 2024 , experiences a 3 percent satisfaction drop to 78. percent in 2024, providing openings for popular brands like Raising Cane’s and Wingstop. At the same time, U.S. chain sales grew just 3.1
Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. To equip you with the necessary information to navigate this competitive landscape, read on for a detailed look at what’s driving the U.S. restaurant sector forward in 2024.
The Numbers Don’t Lie: Budgets are rising: A whopping 78 percent of operators expect their IT budgets to grow in 2024, with nearly 20 percent forecasting a more than 10 percent jump. And technology is the key to unlocking that potential.
Dash from the Past DoorDash unveiled their annual Dash From The Past 2024 Trends Highlights – packed with fun, unique insights from the year! Top Purchases For 2024’s Most Memorable Moments Serving Looks : After weeks of watching the pros at the US Open, consumers felt inspired to hit the courts themselves.
A major milestone in our evolution came in October 2024 when Tock was acquired by American Express and began the process of working toward a unified future in hospitality with our sister brand Resy. 3 According to a guest’s lifetime reservations in Resy proprietary data, as of September 2024.
According to RMS’s 2024 survey, Dining in the Digital Age , millennials rank app-only promotions as the most valuable app feature, while Gen X and Boomers favor loyalty-based incentives. According to RMS' Q4 2024 Consumer Trends , more than one in three Gen Z consumers report purchasing more convenience store meal s.
From managing food costs to investing in equipment and personnel, don't miss this opportunity to elevate your restaurant's performance and profitability! April 18th, 2024 at 9:30am PDT, 12:30pm EDT, 5:30pm BST
The 2024 State of the Restaurant Industry report revealed that 22 percent of restaurant operators plan to invest in technology like POS software, back-of-house systems, and data analytics in the near future. These standardized systems will delight customers, protect data, and empower corporate and local teams to achieve unprecedented success.
Fast forward to December 2024, and Auggie’s grossed over $300,000 in a single month. If your business is not profitable, its value will likely be limited to the value of the lease and perhaps 10% of what you spent on the equipment. Quite the opposite. In our first six months, we barely grossed $200,000 in revenue.
One would think that, in 2024, foodborne illnesses would be a thing of the past. The reality is that, in the world of foodborne illness, it doesn't matter whether it’s 2024 or 1824. After all, our technology has evolved to be better than we ever could have predicted.
The innovations introduced in 2024 set the stage for progress, but 2025 is the time to move from experimentation to optimization. AI moves from nice-to-have to must-have Many QSRs experimented with AI-driven solutions in 2024, such as in-app chatbots and personalized order recommendations.
The Speed/Safety Showdown AI systems use significant computing power so each location implementing new applications will have to be suitably equipped, with robust back-up plans in case the new systems fail or are breached. Recognizing the Risks The big chains appear to understand the risks.
In 2024, our QSR Automations team faced evolving demands from enterprise clients that required us to rethink our approach to onboarding. I’ve learned to embrace challenges as opportunities and to analyze, adapt, and find solutions that drive long-term success.
This final edition of Modern Restaurant Management (MRM) magazine's Research Roundup for 2024 features news of operator challenges and priorities, delivery trends, wages and hourly worker considerations. This is according to a survey conducted by TD Bank at the 2024 Restaurant Finance and Development Conference in Las Vegas, Nevada.
1 Squad Goals : OpenTable data revealed a 34 percent increase in parties of more than six on Galentine’s Day (February 13) in 2024, compared to the previous year.2 titled Chili’s and Texas Roadhouse: Full-Service Success in 2024. percent year-over-year during 2024. percent during 2024 and were up 4.2
The study was in-field in Sept-Oct 2024. By honing in on these key groups and understanding what makes them choose a restaurant, operators can position themselves for a strong season." " Provoke Insights conducted a 15-minute survey among 1,501 Americans between the ages of 21 and 65.
According to PAR’s 2025 QSR Operational Index , loyalty transactions rose more than 30 percentage points in 2024. When restaurant traffic softened and guests pulled back on discretionary spending, loyalty stepped up.
With margins and cash flow stretched thin, a machine that just roasts coffee is no longer enough; today’s roasters are increasingly demanding more from their equipment. In 2024, arabica futures increased 70% to their highest levels since 1977, while robusta prices reached all-time highs.
Unsurprisingly, compliance ranked as one of restaurants’ biggest operational challenges in 2024. Non-compliance burdens restaurants with hefty fines, lawsuits, and reputational damage, and as diners become increasingly selective about where they eat, restaurants simply can’t afford the risk.
Equipment and Furniture: Deduct That Big Spend New ovens or tables can cost a chunk, often $5,000 or more. Accounting Tip: Log equipment purchases in your accounting software under equipment. Proposed changes, like the No Tax on Tips idea floated in 2024, could make tips tax-free for employees, but as of now, its not law.
Per the National Restaurant Association , 46 percent of restaurateurs reported a net increase in customer traffic from January 2024 to January 2025. Also rising? Cybersecurity threats in the restaurant industry.
2024 disasters like Hurricanes Helene and Milton are strong examples of how catastrophic weather can be, leaving businesses devastated and communities with billions in damages. Sadly, these events are only becoming more frequent; in 2023 alone, the U.S.
CBDCs: Not ‘If’ but ‘When’ We’ve been talking about CBDCs for a few years now, and 2024 saw significant momentum build: so far, 11 CBDCs have been launched and most European countries are engaged in initiatives and/or developing projects.
increase in volume and a 120% rise in value compared to the same period in 2024. The supermarket chain will refurbish 150 in‑store cafés with modular seating, digital kiosks, revamped menus, and energy‑efficient equipment. Shipments in May 2025 totalled 149,000 tonnes valued at US $5,709/tonne, representing a 60.5%
23, 2025 Photograph: RATIONAL Facebook Twitter LinkedIn Maintaining clean and hygienic equipment is one of the most important tasks in food service — and also one of the most despised. Trending Food Spinoffs of the TikTok-famous Dubai Chocolate Bar surge on chain restaurant menus Financing How is Roark Capitals track record?
billion transactions and $67 billion in sales in 2024. In 2024, restaurants across the country saw an average five percent increase in transactions and an average eight percent increase in profits with only four percent caused by price hikes. Companies saw a sales boost in 2024 as loyalty transactions increased by over 30 percent.
More than half (54 percent) of independent restaurant owners report making half as much or less than this same time last year, according to a report from Alignable with 51 percent saying customer spending is “much lower” than 2024. Tariffs, attracting new customers, and inflation top the list of concerns.
We saw this play out just weeks ago when Hurricane Milton swept through Florida in early October 2024, following closely on the heels of September's Hurricane Helene. There's something deeply reassuring about seeing the lights come back on at your local McDonald's after a hurricane tears through your community.
Case in point, on August 28, 2024, Steak ‘n Shake was named in a putative class action lawsuit in the United States District Court for the Northern District of Illinois, captioned Massel v. Steak ‘n Shake, Inc.,Case 24-cv-07827.
Build a mobile-friendly restaurant website In 2024, roughly around 63% of all web traffic came from mobile devices. Plus, you don’t need professional equipment. If your website isn’t optimized for mobile, you could be losing out on potential customers.
The aesthetic design of the store mirrors our new brand platform, But Wait, There's Marco's ™, that launched in April 2024. Our aim was to enhance the guest experience while strengthening and streamlining operations. We aimed to bring a fresh, contemporary Marco's brand aesthetic designed for the long term.
Chowly 2024 Recap Growing Together with Independent Restaurant Operators 2024 has been a year of growth, innovation, and connection at Chowly. Our goal is to ensure independent restaurant operators feel equipped, informed, and inspired to tackle the challenges of todays restaurant industry with confidence.
In 2024, we launched Mad Dash, which totally changed curbside pickup. From streamlined online ordering to AI-powered personalization, restaurants that embrace tech solutions are better equipped to navigate challenges and maximize efficiency. However, the most successful operators balance automation with genuine human connection.
Beyond operational speed, these systems equip business owners with real-time data to make informed decisions. Cloud-based POS systems go beyond managing daily transactions – they equip restaurants to tackle future challenges and seize opportunities. from 2024 to 2030, hitting $14.79 billion by the end of the decade.
as of December 2024, according to Homebase payroll data. In fact, more than 1,400 people became ill from contaminated food in 2024, doubling hospitalization rates compared to 2023, according to the U.S. Core indicators, like employees working and hours worked, have been bouncing back to pre-pandemic levels. PIRG Education Fund.
This rapid market growth also gave rise to prosumers – highly skilled and educated consumers who invest in premium equipment. In response, many people began investing in their equipment setups and high-quality coffee to prepare their favourite drinks at home.
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