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Transforming Customer Experiences: Four Ways to Embrace Innovation in the Restaurant Industry

Modern Restaurant Management

In order to achieve long-term success and build essential brand credibility, restaurants must cultivate meaningful experiences and relationships to help drive growth and expansion. trillion in sales by 2030 , leading to a continuous influx of new restaurateurs. The industry is projected to reach $1.2

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2022: A Year of Transition for Restaurants

Modern Restaurant Management

Between 2023 and 2030, the industry is projected to add an average of 200K jobs each year, with total staffing levels reaching 16.5M Off-Premises Dining Enhanced by Improved Technology. The foodservice industry workforce is projected to grow by 400,000 jobs, for total industry employment of 14.9 million by the end of 2022.

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Seven Restaurant Trends That Will Define 2022

Modern Restaurant Management

Menu variety plays a substantial role in every dining experience. As per a report by Future Market Insights (FMI), the plant-based burgers market is predicted to rise exponentially, exhibiting a CAGR of over 22% between 2020 and 2030. Following are some of the major restaurant trends to watch out for in 2022. Simplified Menus.

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Four Reasons to Consider a Virtual Kitchen Now

Modern Restaurant Management

To combat these problems, many European countries, as well as China, India, the Middle East and other regions of the world, have been leveraging “virtual kitchens,” delivery-only concepts with no physical dine-in space, for years. The devastating effects of restaurants during COVID-19 cannot be understated.

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Increased Demand for Food Delivery Is Driving Ghost Kitchen Boom

Cheetah

In 2019, the total delivery market was worth over $795 billion, according to Uber , with online ordering growing 300% faster than dine-in revenues every year over the last five years. Reading Time: 4 minutes. To say that ghost kitchens and third-party delivery services are experiencing a boom would be a gross understatement.

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Ghost Kitchens Are Taking Over the Foodservice Industry: Here’s What You Need to Know

Cheetah

It is easy to conclude that, with the growing demand for online food delivery, high real-estate costs, and thinning margins, the small restaurant model will become unviable in a post-Covid-19 world. Ghost kitchens allow restaurants to turn the explosive growth in online food delivery into a business opportunity. And it is exploding.

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COVID-19 Restaurant Industry Trends

The Restaurant Group

Several COVID-19 restaurant industry trends are also apparent, such as an increase in online ordering and a push towards change industry culture, among others. According to Euromonitor , ghost, or “virtual”, kitchens could be a $1 trillion business by 2030. Changes and Opportunities in 2020 and Beyond. Shift to Curbside Pickup.