The Restaurant Group Blog

10 Key 2018 Restaurant Trends To Look Out For [Part 1]

 2018 Restaurant Trends

2018 Restaurant Trends (Part 1)

The restaurant industry is undergoing a constant wave of change, especially with the evolution of digital technology. From marketing to delivery, to service – each segment of the industry has experienced a massive shift.

This will continue in 2018 and for restaurants to succeed in the new year, it is vital to keep an eye on what trends are beginning to emerge for 2018 and strategize on the best ways to leverage these for individual success. Here are just a few that are sure to dominate 2018:

1) A major focus on sustainability

One major aspect of the business that restaurants must focus on in 2018 is sustainability. Whether it is zero-waste cooking or improved efforts to recycle and reduce waste – sustainability must be at the heart of it.

Not only is it necessary from an environmental point of view, but it is something that greatly resonates with consumers and can be incorporated into the restaurant experience as a whole.

Savvy foodies enjoy knowing that the food they are consuming is created under ethical and sustainable standards and this can be a major force in marketing and advertising as well for restaurants themselves.

2) Constant innovation

The truth is, digital media has contributed to setting much higher standards when it comes to food, presentation and menu innovation among consumers. Customers want menus that have a global feel, a range of diversity and the knowledge that the restaurant itself is dedicated to innovating the food experience.

For some, this might mean incorporating more exotic and different ingredients (this could include grains, powders, and ashes – just to name a few). Or it might mean rethinking menu staples to offer a fresh twist on classic items.

3) A continual embrace of technology

From an operational standpoint, it is imperative that restaurants continuously embrace technology and incorporate it as best as possible for a seamless experience. Automating key parts of the restaurant experience is one facet of this, as is using technology to really understand the core of your business.

There is now a wide availability of data that can be used to improve the consumer experience and that will become a major factor for success for restaurants. Using data and technology to really understand your customers and their preferences, and creating a customer journey accordingly will be a major trend for 2018.

4) Customizing the experience

Whether it is more choices in ingredients or creating an experience through rewards or loyalty program, customization needs to be at the heart of every operation.

Restaurantgoers are now increasingly expecting a level of personal service with their food experience, and restaurants need to able to scale their technology efficiently to deliver on this. This could start from the very beginning of the customer journey when they book their table to when they arrive, but that element of a personal touch must be there.

5) Seamless delivery integration

Speaking of personalization, customers also enjoy a new level of convenience that was not present before. Restaurants should increasingly look for methods to integrate delivery options as well in order to reach wide customer bases.

This might mean partnering with local delivery agents, or even starting with smaller steps to integrate takeaway options for customers as a starting point to see the level of demand for other options.

 

Contact TRG for your restaurant consulting needs.

Early Feasibility Study for Restaurant Entrepreneurs

Restaurant Feasiblity Study

Restaurant Feasibility Study

 

We’ve all seen it happen, a restaurant comes into town, has amazing food and still does not make it through a single year of business. We have also seen establishments with questionable quality or service stay in business for years. When an entrepreneur begins to formulate plans for a new restaurant, they often plan out details they have not seen in other establishments.  Do those personal touches matter? The answer is ambiguous without evidence based research.

TRG Restaurant Consulting has unmatched experience predicting the success of a new restaurant with the use of a feasibility study.  Some entrepreneurs skip this step but doing so is a large financial gamble. Protecting your investment early is a must to financial stability.

What is a feasibility study and when should a potential business owner consider investing in one? A feasibility study takes into consideration all variables of a restaurant’s success. They begin with big picture variables, such as the climate of restaurants in the area, and work backward through the smallest of details. These variables are the objectives relating to the success and longevity of a specific business, in a specific location at a specific time.

A quality feasibility study will guide an entrepreneur by determining if this is the right time and place to start this specific restaurant. There are other agencies which offer some form of consulting services. To be certain you are choosing a quality study and making wise investments, please contact TRG Restaurant Consultants. Our team is ready to provide our experience for your future endeavor.

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