Restaurant Industry Trends and Outlook for 2022 Change is an inevitable part of life, more so if you’re in the F&B industry. That said, restaurants mainly had to stay abreast of changing food and beverage trends. Until last year that is. The pandemic not only ravaged the fortunes of restaurants worldwide, but it also forced […]
Restaurant Design Opening and running a restaurant is no easy feat. Restaurant owners must establish the food and drinks menu, pricing, and location, along with the overall design and feel of the restaurant. That’s right. Visiting and eating at a restaurant is an experience in itself, and many elements need to be curated just right […]
Restaurant Concept Planning A study[1] conducted by Ohio State University suggests that 60% of restaurants do not survive past their first year, and 80% are said to fail within five years. What complicates being a new entrant in the restaurant business is that at least 13%[2] of consumers don’t shift their loyalty from their preferred restaurants. Though […]
How Demographics, Lifestyle, and Technology are Changing Restaurant Consumer Trends In general, demographics refer to quantitative characteristics such as age, gender, and geographic location used in marketing to segment large populations into small, marketable groups with similar characteristics and collectively influence many consumer trends, behaviors, and expectations. By understanding more about current and […]
Food Trends Going out to eat is more popular than ever. In recent years, restaurant spending has outpaced grocery spending for the first time in history. Restaurants that do well to attract customers usually emphasize the economical and convenient aspects of their foods and food services. Some of the highest grossing restaurants include McDonald’s, Subway, […]
Restaurant Employee Training If you run a restaurant, then you already know the importance of a well-trained staff. While there’s going to be a learning curve for new employees, the most important thing you can do is make sure that the training you provide will actually give your new hires the skills they need […]
Restaurant Feasibility Studies Having a feasibility study done for your proposed restaurant business is critical. In fact it should be step two after you’ve put together a strong business plan. The basic purpose of the study is to tell you whether or not starting a new restaurant is a good idea. A properly […]
Restaurant Consumer Trends – Engaging Theater patrons If you run a restaurant, then you’re always on the lookout for ways you can recruit loyal, local customers. That’s why it’s a good idea to look into tapping into your local theater scene. Why theater? Well, because theater patrons tend to be locals and they tend to have […]
Why You Should Conduct a Feasibility Study Before Starting a New Restaurant Your dream is to own a wonderful little restaurant and serve exotic foods or home-style foods or other specialized cuisines. You know deep down in your heart that it will succeed because there is nothing else like it. But are you willing […]
2019 Restaurant Outlook The restaurant industry outlook for 2019 is moderate with a steady growth in sales, as has been true for the past decade. According to the U.S. Bureau of Economic Analysis, the U.S.’s gross domestic product increased by 3.4% in the third quarter of 2018. However, consumers still have less money to spend […]