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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.

2024 493
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It’s Not Christmas in Buenos Aires Without Pan Dulce

EATER

He describes the bread as dried fruit with some dough, instead of the other way around, because of the enormous amount of merchandise that goes into it. Over the course of nearly 40 years in operation, Plaza Mayor says it has made no tweaks to its pan dulce recipe. Its like the Big Mac index, Caparrs says.

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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

With an expected annual growth rate of 4.57% from 2024 to 2029, meal kits provide an opportunity to increase revenue and reach more customers. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant.

2024 243
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Understanding Restaurant Finances & Financial Statements in 2024

7 Shifts

Total sales Total sales is the total revenue from all sales, from food and beverages to other sources like catering or merchandise. Analyzing these metrics allows you to make informed decisions to improve profitability. This is the top-line number that represents how much money the restaurant is bringing in.

2024 221
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How Restaurants, Retail and Mixed-Use Environments Are Capitalizing on a Surging F&B Market

Modern Restaurant Management

More than ever, restaurants are a critical part of the inline merchandising mix, generating approximately $160 million in annual F&B volume. The center currently anticipates over 45,000 square feet of remodels and 33,000 square feet of new F&B concepts to be completed and open by the end of 2024.

Retail 275
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Gear up for football season: What operators need to know about sports broadcasting in restaurants

Restaurant Business

According to an April/May 2024 national survey of bar and restaurant NFL Sunday Ticket subscribers, operators report drawing an average of 26% more customers on days when NFL Sunday Ticket is on compared to other weekends. Operators can order branded merchandise, use NFL Sunday Ticket web banners on their websites and more.

Sports 263
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How Walmart Got Its Hands on the Coolest Pantry Brands

EATER

The brand debuted in around 2,000 Walmart stores in April 2024, and though it’s a bit early to tell, Gao is pleased with how the first few months have gone. “A “As well as we were doing, the majority of Americans still don’t even know what chile crisp is, and had never heard of Fly By Jing.

Retail 313