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The Effects of Inflation on Restaurants and How to Combat Decreased Demand

Modern Restaurant Management

Here are some specific ways that consumers are responding to the current inflationary environment: Cutting discretionary spending : Unsurprisingly, cutting non-essential expenditures like travel and dining out is one of the first steps consumers take during a period of inflation.

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Deals Over Disses: QSR Marketing Post-COVID

Modern Restaurant Management

Without the interstate traffic of travelers, QSR dining is more reliant than ever on local customers and according to MarketingProfs , consumers are willing to drive less than nine minutes for a fast food meal. Deal or No Deal : The coupon, the freebie, the buy one/get one.

Marketing 442
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Why Physical Advertising is Still Important

Indoor Media

Digital advertising is a massive industry, with about 356 billion U.S. Businesses advertise on platforms like Yelp , Instagram , and Groupon. For example, Alphabet, the parent company of Google, one of the most recognizable websites in the world, makes about 80% of its revenue through selling advertisements.

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Spring Break Travel is in the Forecast: How to Attract Tourists to Your Restaurant

Restaurant365

According to Vacasa’s 2022 Spring Travel Trend’s survey, one thing is clear: everyone needs a break this spring. 37% are planning to travel during spring break, specifically, which is an increase from the 29% who were traveling for Spring Break 2021. American travelers are mostly staying planted on U.S. Fine dining – 41%.

Travel 146
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How to Reach Local Customers and Grow Your Restaurant Business on Nextdoor

ChowNow

While in the past your customers may have traveled far and wide to taste your menu, chances are your most frequent customers now are the ones who live nearby. When it comes to restaurants, 50 percent of women and 44 percent of men say they would be willing to try a new spot if they received a coupon.

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How to Plan Your Restaurant's Grand Re-Opening Event

7 Shifts

Frequency and repetition will help your advertisements get noticed. Advertise! ?? Here are a few ideas: Free champagne Free appetizers Coupons or gift cards Custom restaurant swag (hats, pens, shirts, etc.) and/or provide directional signage to indicate flow through the restaurant as well as outside.

Events 351
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How Far Customers Are Willing to Travel to Spend Money

Indoor Media

How Far Will Customers Travel to a Business? Whether your business is a restaurant, an auto repair shop, or a salon, you absolutely must ensure that people in your area, as well as people traveling through your area, find their way through your doors. In fact, 87% won’t even travel longer than 15 minutes.

Travel 78