Customer tastes are evolving and changing. While some consumers still prefer the full-service experience of dining in a restaurant, a growing number are developing a taste for delivery or takeout. In fact, online ordering spend is growing 300% faster than on-premise spend. It’s important for restaurant owners to understand how to meet the expectations of
Why Isn’t the Millennial Spending Money on Dining Out?
Late last year, Bank of America Merrill Lynch economists published a study on restaurant sales, in the wake of across-the-board struggles in the restaurant industry over the past few years. What they found was that while all demographics had shifted negatively, Millennial spending in particular was on a downtrend. While the growth rate of restaurant
Restaurant Trends in 2018
2018 is looking like an interesting year for restaurant trends that could affect your bottom line. Are you prepared for it? In our brand new report, we take an in-depth look at what this year is going to be like for restaurants, both large and small, including: The state of the restaurant industry overall What’s
Not So Millennial: Restaurant Food Trends for Generation Z
The term “Millennials” gets thrown around a lot when discussing any food trends that fall outside of Baby Boomer interest. And it’s easy to think of Millennials as pretty much “anyone young,” but the reality is, the majority of Millennials are now in their late twenties and early thirties, with kids of their own. Now,
The Big Business of Business Diners, Part Two: Tips for Restaurants
You now know about the unique needs of the business diner, but how can you make your restaurant the perfect choice for their meetings? According to restaurant experts speaking at the National Restaurant Association Show in Chicago, all it takes is a few tips — and a lot of relationship building. 1. Concentrate on
The Big Business of Business Diners, Part One: The Who’s Who
So you’ve got a good dinner crowd; you’ve set up a menu with the perfect mix of comfort and creativity; and you’ve got a big box of crayons on hand, to cater to any young foodies-in-training. Think you’ve got all your bases covered? Think again. There is one very important diner category that you may
How the Economy Affects the Restaurant Industry
It can’t be denied that the “foodie culture” has a significant influence on restaurants, but there is another force that has more consistently shaped the industry: the economy. In fact, restaurants wouldn’t exist if it weren’t for economic and political factors. The world’s first restaurants popped up in 18th century Paris when servants, newly unemployed
