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MRM EXCLUSIVE: Consumer Data Analytics Reveal Dining Patterns to Attract Customers 

Modern Restaurant Management

With those stats in mind, Causeway Solutions conducted consumer research* on today’s dining trends compared to our research over the past few years. In August 2023, only eight percent of consumers we surveyed say they do not eat out, so dining out is “in” again. Only five percent said they never eat fast food.

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The Complete Guide to Increase Your Restaurant Profit Margins

Lavu

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin.

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JBF Survey: Chefs Optimistic Despite Challenges

Modern Restaurant Management

Patience and grace go a long way right now, when dining out. . What were common menu items where prices were raised? . Sixty-seven percent of respondents raised prices throughout their entire menu, and 25 percent on a few items. With restaurants tightening their menus, what items are being cut?

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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

QSRs Shift Focus from Slow-Paced Dining to Swift, Transactional Experiences Quick Service Restaurants (QSRs) are reimagining their dining spaces to prioritize speed, convenience, and personalization over traditional, slow-paced dining experiences.

2024 214
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Spring Break Travel is in the Forecast: How to Attract Tourists to Your Restaurant

Restaurant365

The percentage breakdown of sales from travelers in a typical year pre-COVID-19 was as follows: Family dining – 31%. Casual dining – 32%. Fine dining – 41%. Fast casual – 25%. Locally sourced, regional cuisine is always a big hit for visitors because it adds to the overall cultural experience.

Travel 146
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7 Different Types of Restaurant Establishments (Did you know all these?)

Bingage

Fine Dining Restaurants. Fine dining restaurants, known as white-tablecloth restaurants which typically comes in high-rated types of restaurants. Fine Dining is one of the types of restaurants establishment that is typically more sophisticated, unique, and expensive than one would find in the average restaurant.

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15 Restaurant Metrics to Know and How To Use Them

7 Shifts

Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. For fine dining, around 30 percent. Fast-casual: 28.9%. Casual: 33.2%. Upscale casual: 30.4%. It also plays a key factor in pricing your menu.