This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Minimizing Menu Price Increases : Just because diners are still eating out and ordering in, does not mean they are happy about higher menu prices. Restaurant operators should limit significant menu price increases, explore value menus when possible, and avoid implementing any sneaky service charges.
What are common misconceptions restaurant operators have regarding the impact of cooking oil on sustainability? What Can Be Done : Educate the customer about the impact that different oils make not only on their ability to operate but also on their sustainability goals within the kitchen. Five major relationships to consider are: 1.
Younger generations are becoming more discerning, placing greater trust in organic content from peers over traditional influencer promotions, making authenticity the priority. However, this desire for instant gratification doesn’t negate the importance of long-term sustainability.
On the challenges sustainability presented in 2024, and how to balance sustainable sourcing and practices with cost concerns in the new year: Several key challenges arise when it comes to sourcing sustainable ingredients. Thus, finding the right balance between maintaining high quality and keeping prices reasonable is crucial.
Elevated Snacking Redefining snacking with creative flair and global influence, tapas and shareable boards will evolve in new directions such as Middle Eastern-inspired mezze platters, top photo. ” Guests will have the opportunity to experience many of these trends come to life at Kimpton restaurants and bars across the globe.
Revenue growth in 2024 was largely driven by menu price adjustments. Although concerns about customer sensitivity influencedpricing decisions, only 9 percent of restaurants did not change prices in 2024, down 19 percent from 2023, indicating a stronger shift towards strategic price increases.
Many of the restaurant brands on the list, like Dave’s Hot Chicken and Cava, are thriving by offering high-quality, and on-trend food at accessible prices. Consumers are being more intentional with their spending, and brands that deliver both quality and affordability are seeing sustained growth and expansion. Brands like BB.Q
Understanding your target market is the foundation of making smart decisions for your menu, pricing, and overall guest experience. Key customer factors that influence dining preferences, from demographics to behavior. Income: Do your customers prioritize affordability, or are they willing to pay premium prices?
This overall increase in demand could lead to rising energy prices for consumers and businesses. Fuel costs: The price of electricity is influenced by the cost of the fuels used to generate that electricity, and as demand for these fuels also increases, prices are likely to climb.
These factors contribute to a volatile supply chain, influencing everything from ingredient availability to menu pricing strategies. In a parallel trend, non-alcoholic beverages and sophisticated mocktails are also gaining prominence, which influences the variety of glassware that a restaurant should consider.
At True Food Kitchen, we’ve always believed that value isn’t just about price—it’s about quality, transparency, and giving guests the confidence that their meals align with their health and wellness goals. In a time when guests are looking for value, how does a move to eliminate seed oil use affect the bottom line?
Sustainable restaurant expansion requires balancing excitement with patience and perspective. Sustainable restaurant expansion requires balancing excitement with patience and perspective. Investors generally push hard for influence or even majority board seats directing strategy and operations.
With products now cleared for consumer sale in both the United States and Singapore, the cultivated meat industry is moving from proof of concept and early-stage R&D to a focus on demonstrating scalability, sustainable unit economics, and consumer and customer demand.
This trend is known as Precision Wellness, identified by Innova as one of the top influencing trends in 2025. New innovations and a stable price likely contributed to ice teas recent jump from the seventh to the third most popular beverage , according to Bev50 2024 survey.
The Gen Z Influence This tasteful group of about 70 million Americans craves authenticity in every bite, from organic street foods to diverse global cuisines. They drive the demand for clean labels, responsibly sourced ingredients and sustainability. Gen Z's influence on the dining scene calls for an industry-wide evolution.
Seeking sustainability. With the growing importance of enterprises that empower communities and fuel localism, hyper-local delivery will go mainstream as consumers seek to balance their desire for convenience with a quest for sustainable solutions. Sustainability remains a primary concern of consumers across the globe.
Thats the real power of successful restaurant brandingit influences what people expect, how much theyre willing to pay, and whether or not theyll tell their friends about it. For example, if one of your core values is sustainability, that should show up in your sourcing, packaging, and messaging. Focused on sustainability?
Running your own online ordering system gives you complete control over pricing, promotions, and customer data, helping you maximize profits while still offering convenience. Theres little room for branding, and menu presentation, pricing, and promotions are often influenced by the platforms rules rather than the restaurants preferences.
As one of the largest generations of consumers, they continually influence the ways restaurants innovate, and there are identifiable characteristics that differentiate Gen Z consumers from their older counterparts. Dynamic pricing on these platforms might be necessary to combat some of the lost revenue due to fees.
Instead, restaurants can offer a discounted drink price for consumers that bring in their own cups. Analyzing all of your restaurants waste streams can make a huge impact on your restaurant’s sustainability goals and bottom line.
” Their answers touched on a variety of subjects including AI, virtual reality, virtual kitchens, staffing and retention, social media marketing, sustainability and third-party delivery. Another trend that’s influenced by labor shortages is how food will be offered in restaurants. mobile pay and cashless technology.
PART ONE: An Immigrant Nation Melting Pot: America was the land of opportunity and tens of thousands came to our shores, through Ellis Island, and stood at the gates of New York ready to become American and bring their ethnic influence the country’s profile. Despite a steep decline in food prices, many families did without milk or meat.” -The
That’s part of the price of doing business – especially when you own multiple restaurants. During our 40-plus years in the industry, many issues have come up, and here are some key things I learned as we developed a resilient, consistent mindset and strategies leading to growth and sustainability: 1.
Sustainability and healthy options rising in importance. CGA’s BeverageTrak solution combines powerful datasets to provide an ultra-granular view of how brands and categories are being consumed, when and at what price. 45 percent want to be prompted with personalized order suggestions based on their purchase history.
But there’s also another contributing factor at play which is helping shape the vegan market: celebrity influence. Our society places emphasis on the influence of those in the limelight, following trends from celebrities whether it’s fitness, fashion, or dietary preferences.
Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Typically smaller but more frequent increases, especially on the big movers, will produce better, more sustainable results. Don’t be afraid to increase price. Your CPA can help with this.
And while these actors can certainly play an important role, their presence in the supply chain can often mean that producers end up receiving a smaller percentage of the final price of each cup of coffee. As part of this, farmers can receive higher prices for their coffee. This is especially important to note.
Despite the industry being at its most stable since 2019, customers being more educated and engaged around the issues impacting the food system, and massive strides made in creating sustainable and equitable conditions for staff, rising costs are greatly impacting both operations and the public’s dining out frequency.
Casual Dining Preferences Market Force Information unveiled a survey on casual dining preferences across the United States highlighting shifting trends influenced by economic factors and evolving consumer tastes. percent of diners noting that recent price increases have altered their spending habits, and 58.5
This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. In 2024, we anticipate a continued evolution, where technology and sustainability will play pivotal roles in reshaping the culinary experience.
The influence can be seen across the business, and continued expansion is likely to transform things even more in the coming years. Indeed, rich plant-based meals like legumes and grains provide restaurants with various advantages, including reduced prices, a longer shelf life, and less price fluctuation than animal-based products.
Restaurateurs may very well look to expand beyond the typical pop up, food truck, festival or off-premises event to more interesting, intimate venues like social influencer kitchens, dining rooms and gardens. Consumers are realizing it’s a delicious wine with a good price point. " – Robin Gagnon, We Sell Restaurants. "When
Operators still holding the price of meals to what they were 12 months ago are bearing the brunt of massive increases in the cost of ingredients. Setting prices is approached with fear and anxiety by many restaurant and cafe operators, but it’s a unique opportunity to use your marketing and financial skills and make more money.
For the most part, both the price of arabica and robusta rely on futures contracts. These are legal agreements to buy or sell a particular commodity at a predetermined price on a set date. Fluctuations in the market can influenceprices paid by roasters and consumers and prices paid to farmers, as well as their production costs.
The research found that businesses worldwide – particularly restaurants – intend to experiment more in 2025, especially with customer retention programs like loyalty, as they face the triple challenge of sustained high inflation, shrinking consumer wallets and the need to raise prices across the board.
Boost Revenue – Unique dishes can often command premium pricing, elevating profitability. Collaborating with Influencers and Food Bloggers Expand your reach by involving influencers: Offer complimentary tastings to popular foodies. Delight Loyal Patrons – Regular updates keep your menu exciting, ensuring repeat visits.
Key findings illustrating the industry's economic conditions include: Growth will continue : The foodservice industry is forecast to reach $997 billion in sales in 2023, driven in part by higher menu prices. Consumer spending at foodservice outlets was up 4 percent due to higher prices, reports The NPD Group*.
In addition, 72 percent of millennial parents are more likely to be loyal to a brand or store that shares its efforts to be environmentally responsible or has sustainable or ethical business practices. Sustainability is worth a financial commitment for some — 63 percent of millennials are willing to pay more for sustainable products.
Inflation and Pricing Strategies Inflation continues to impact menu pricing and consumer spending. Restaurant operators are grappling with higher labor and food costs, leading to a 4% increase in menu prices over the past year. To maintain profitability, restaurants are adopting strategic pricing and cost management practices.
The campaign provides free evidence-based resources and creative materials to hospitals and other organizations to encourage people to start with a small change that can influence larger shifts in their diet and can improve their health and help reduce environmental impact. as well as in other healthcare systems around the country.
Fast-Casual Fast Growth Rising prices in recent years have evidently been good for someone: Fast-casual restaurants. titled Pricing Strategies Driving Restaurant Visits in 2024. Shake Shack is thriving even as it raises prices. The fast-casual burger chain increased prices by 2.5 percent year-over-year, compared to 0.4
Eventually, he reaches a crescendo: “ The price of food is going up / And as if all that s**t wasn’t enough.” The price of food, and where you eat it, is going up. Munk also speaks of the influence space has had on his work, noting that he became interested in space after visiting the Planetarium in Copenhagen on a school trip.
Set Smarter Prices : Use data to adjust prices based on demand and profitability. Smarter Pricing Adjust prices based on order frequency and demand. Customer data isn’t just about whats on the menu – it also helps with pricing strategies and improving how menus are designed for usability.
The answer eventually came in irrigated terrace systems and chinampas , or man-made islands, which yielded enough food to sustain the growing population. As I constructed my first-generation identity, I also realized how much pop culture has influenced the way others perceive Mexican food. Shutterstock. But in the U.S.,
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content