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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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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. 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.

2024 243
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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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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. They can then plan promotions or special events to attract more customers during those slow periods. Analyzing these metrics allows you to make informed decisions to improve profitability.

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10 Father's Day Promotion Ideas for Restaurants 2024

SpotOn

Offer discounted items, complimentary drinks like an Americano coffee , or even a free dessert to make the special occasion sweeter. It'll go well with the kids who want something sweet on this special day. Draft up a special Father's Day dinner menu Steak. Grilled chicken. Mashed Potatoes.

2024 52
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Menu Engineering: Innovating Menus for Profitability and Simplicity

Aaron Allen & Associates

2024 will be a great year for menu overhauls, not just LTOs. Operational Impacts and Considerations Limited-Service Restaurants introduce new items with a cadence ranging between one new item (either LTOs or permanent) per week to one new item every 10 weeks (based on a sample of nearly 40 chains over the first 10 weeks of 2024).

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Creating a Culture of Cleanliness: Strategies for Food Service & Hospitality Success

PathSpot

Here are are a few ideas to highlight successes: Special Recognition Events : top-performing employees acknowledged and rewarded in front of their peers and management Recognition Awards: Create certificates or plaques recognize employees who consistently maintain high hygiene standards.