Matt Clemens’ Post

https://lnkd.in/gRFe-KTa The #restaurant industry faced significant challenges in 2024, with high menu prices causing a drop in customer traffic. Despite some improvement in the latter half of the year, #traffic remained sluggish, and value offerings were introduced to combat margin pressure. November saw positive traffic growth in quick-service restaurants (QSRs), but overall, dining out decreased, particularly in fast casual and full-service segments. While restaurant sales rose due to #price hikes, these increases contributed to consumer concerns over rising prices, leading many to cut back on dining out. Despite taking market share from grocery stores, the industry's growth was slower compared to previous years, with same-store sales growth expected to be the weakest since 2016. Looking ahead to 2025, industry experts are cautiously #optimistic, acknowledging the hardships endured but seeing potential for recovery. Some predict a resurgence as consumer behavior shifts, with a focus on operational efficiency rather than price concerns. Confidence is growing, with signs that consumers may be ready to return to restaurants, signaling a possible stabilization in the coming year. #radio #radioadvertising #trustradio #radioworks

HOT TOPIC! Will restaurant traffic pick up in 2025? My gut says not by a lot next year, but this article points to an increase in traffic being possible. I think there are too many macroeconomic factors at play but time will tell! 🚦 Signs of Recovery: Restaurant traffic rebounded in late 2024, with QSR's seeing a 1.3% increase in November, marking the first sustained positive trend of the year. 📈 High Prices Still a Concern: Elevated menu prices remain the top reason for reduced dining out, with fast casual and full-service restaurants hit hardest, as 42% and 46% of consumers report dining less, respectively. 😁 Optimism for 2025: Industry leaders see 2025 as a stabilization year, as consumers shift focus from prices to operational factors like speed and accuracy, signaling a potential return to growth. #consumerinsights #restaurant #growthmindset #digitalmarketing #upside #insights #consumertrends https://lnkd.in/gKetwsHq

Can traditional fresh food retailers expand into the world of food halls? And what does a hybrid grocery store and food hall look like? Read our project case study on The Kitchen By Spinneys to find out! https://lnkd.in/ePgy6uk3 #TGPInternational #DubaiMall #Spinneys #FandB #Hospitality

🍽️🛒 From Restaurant Plates to Grocery Shelves: Top dining brands like Momofuku, Carbone, and Rao's are expanding their culinary expertise into retail. These restaurants are not just serving meals; they now offer premium, shelf-stable products that bring the gourmet dining experience into home kitchens. This trend of transitioning from restaurant to retail is expanding these brands' market reach and meeting the growing consumer demand for high-quality, convenient cooking options. With products like sauces and seasonings, these iconic eateries are making it easier for food enthusiasts to replicate sophisticated flavours at home. https://lnkd.in/gRBpjeZQ #FoodIndustry #CulinaryInnovation #GourmetAtHome #RestaurantBrands #FoodTrends #RestaurantToRetail

🍽️🛒 From Restaurant Plates to Grocery Shelves: Top dining brands like Momofuku, Carbone, and Rao's are expanding their culinary expertise into retail. These restaurants are not just serving meals; they now offer premium, shelf-stable products that bring the gourmet dining experience into home kitchens. This trend of transitioning from restaurant to retail is expanding these brands' market reach and meeting the growing consumer demand for high-quality, convenient cooking options. With products like sauces and seasonings, these iconic eateries are making it easier for food enthusiasts to replicate sophisticated flavours at home. https://lnkd.in/gMd-jCDa #FoodIndustry #CulinaryInnovation #GourmetAtHome #RestaurantBrands #FoodTrends #RestaurantToRetail

Unlocking key restaurant insights through data! 📊 Dive into the analysis of 9,500+ restaurants, tracking ratings, delivery services, and customer preferences across 140 cities worldwide. 🌍Cognifyz Technologies #cognifyz #cognifyzTech #cognifyzTechnologies ------------------------------------------------------------------------------------- Report on the Analysis of Restaurant Sales ------------------------------------------------------------------------------------- This Dashboard is a collection of data from Restaurants for different KPIs like Total Restaurant, City-wise Count, Online Delivery (0 = No Delivery, 1 = Yes they have delivery), Table booking (0=No table booking,1=Yes has table booking),Votes. Key Insights: Restaurants Analysed: ------------------------ 9,536 restaurants spread across top 140 cities for maximum Geographical coverage. It allows customers to receive home delivery and book a table — which means that the availability of both options leads to greater flexibility and hence satisfaction for the user. Mexico City Average Rating Distribution Top cities for average restaurant ratings include Makati City and Quezon displaying the most engaged customers. Restaurant Location Distribution: ------------------------------------- This dataset contains different addresses as location data, Dilli Haat and Sector 41 appears to have the highest count for restaurants. Food type and rating breakdown: ------------------------------------- The largest portion of restaurants are Subway, McDonald's and Pizza places; the highest average rated range is among fast food chains. This suggests a bias toward established global brands. Geographical Map: --------------------- This map demonstrates the distribution of restaurants across different continents with most clusters in North America, Europe, and Asia Popularity of Restaurants: ---------------------------- Another interesting observation was the impact of online delivery on restaurants visibility and votes, making it clear how important digital convenience is in today's restaurant industry.

Interesting insights into the current restaurant industry landscape. The shift in consumer behavior post-Covid is evident, with a surge in demand followed by challenges like inflation and rising operational costs. The impact is clear as sit-down restaurants are facing closures weekly. California Chicken Cafe's focus on takeout and quality food in smaller locations is a winning business model amidst these changes. #RestaurantIndustry #BusinessTrends #ConsumerBehavior #Calforniarealestate

Doing inventory in a restaurant involves several steps to ensure that you have the right products in the right quantities at the right time, while also minimizing waste and cost. Here are few streamlined process to handle restaurant inventory effectively. #SetSchedule #OrganizeSpace: #TrainStaff #RecordWaste 👉 👉 👉 And many more

🌶️ Dive into MRM’s spicy blog feat. data from Provoke Insights’ bi-annual research! Discover how inflation is shaking up dining – from pricier menus to tipping trends! Keep your guests happy and stay ahead in the game! #MarketResearch #TippingTrends #InflationImpact

Interesting read on high end restaurant adaption to consumer and market shifts.