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 […]
2021 Restaurant Industry Trends While the hurdles of 2020 may not end when the clock strikes midnight on December 31st, the restaurant landscape is better equipped to deal with whatever comes its way. The industry and its many players have experimented, failed, succeeded, but most importantly, gained a tremendous amount of knowledge this year. Significant […]
Key Restaurant Industry Takeaways for 2020 – Challenges and Innovations With a challenging and unprecedented 2020 nearly behind us, it is useful to take stock and pause to review the year’s challenges and opportunities. The pandemic has upended the hospitality industry. The restaurant industry specifically has been plagued with never-ending challenges, difficulties, and, inevitably, closures. It […]
Restaurant-to-Consumer Social Media Engagement If “a picture is worth a thousand words,” social media is to be thanked for taking Norwegian playwright Henrick Ibsen’s adage and using technology to digitally canvas the ether with multiple complex ideas, then framing them in a single image. Restaurants use social media to draw in diners. Patrons and tourists […]
Changes to Restaurant Design as a Result of COVID-19: Permanent or Temporary? The global pandemic has changed nearly every aspect of our lives – from the way we interact to the way we gather, and, especially, the way we approach the restaurant experience. The new reality makes it impossible to enjoy the same pre-pandemic dining experience […]
Changes and Opportunities in 2020 and Beyond Needless to say, this has been a year like no other with unprecedented challenges. These will likely continue well into the foreseeable future. These challenges have been especially taxing on the restaurant industry and its more than 13.5 million employees (as of 2019), both of which have been especially hard […]
Maintaining a competitive edge in the foodservice landscape is no easy task. As any restaurant operator can confirm, succeeding in the modern marketplace requires constant innovation and the ability to capitalize on the latest trends. This is especially true amid the pandemic. Here are a few restaurant growth strategies to keep business moving forward through the […]
Our restaurant industry has been met with the most difficult operational challenges in modern time. These changes all happened practically overnight, but the industry’s spirit and determination should not be underestimated. But, speaking with a restaurant consultant on how to deal with COVID-19 mandates can make things a whole lot easier. While dealing with all […]
Third Party Food Delivery Strategies How long has your restaurant considered building a third-party food delivery strategy? If your restaurant hasn’t, you’re behind. The trends toward convenience over visiting a restaurant have only grown stronger, and due to the current COVID-19 pandemic restaurateurs are looking to leverage third-party delivery services. Of course, that isn’t always the simplest and […]
Restaurant Consumer Trends: Millennial Population More than other generations, millennials want to eat healthier and take part in an active lifetsyle. They are moving away from a fear of calories and carbs to a diet that includes these along with fats. Thirty-three percent of millennials are using bloggers to gather information about nutrition and health. Also, 36% of […]