On average, according to data from a Popmenu nationwide survey, 40% of individual or family food budgets are spent on restaurants monthly

Forty-percent of food budgets spent on restaurants: Popmenu

When ordering online, consumers spend $50 or more on average

As consumers are facing historic inflation and soaring energy and food costs, one thing remains constant in their lives: restaurant meals. On average, according to data from a Popmenu nationwide survey, 40% of individual or family food budgets are spent on restaurants monthly. In fact, when ordering online, 33% of consumers spend $50 or more per order on average.

Read more

The cost of menu inflation will impact consumer behaviors, including the frequency of dining out, notes MarketMan survey

Menu inflation to change consumer behaviors, visit frequency: MarketMan

66% think quality will decline as restaurants battle inflation from distributors; 75% will stick with familiar eateries rather than try something new

The cost of menu inflation will impact consumer behaviors, including the frequency of dining out at US restaurants. This will also impact consumer perception of restaurants as 74 percent of diners expect restaurants to cut portions in response to wholesale cost increases. Consumers anticipate restaurants will use a tactic to cut portions but maintain the same price, known in food retailing as “shrinkflation.” The nationwide survey commissioned by MarketMan, a back-of-house restaurant management software company, reveals insights from 1,500 US consumers.

Read more

The latest update from the NPD Group: total restaurant visits decreased by 2% in the first quarter of 2022

Restaurant industry traffic drops 2% from last year: The NPD Group

Still, restaurant transactions increased 1% from two years ago when pandemic began

As the restaurant industry seeks to recover amid the challenges of inflation and supply chain challenges, its traffic is down 2% from last year. The latest update from the NPD Group, indicates total restaurant visits decreased by 2% in the first quarter of 2022, but were up 1% in comparison to 2020’s first quarter.

Read more

Restaurant industry sales continue to be on an upswing, with sales reaching $75.4B in March 2022 was up 1%

March restaurant sales increase despite rising gas prices

Latest update suggests two-month positive trend developing based on continued pent-up demand

Restaurant industry sales continue to be on an upswing, with sales reaching $75.4B in March, according to an update released from the National Restaurant Association. Citing US Census Bureau data, this total for eating and drinking places in March 2022 was up 1% from February’s revised volume total of $74.6B.

Read more

According to the National Restaurant Association’s just-published 2022 State of the Restaurant Industry Report, sales will increase to $898B this year and the industry will add 400,000 jobs

Sales, jobs, tech spend to increase in 2022: State of Restaurant Industry Report

53% of consumers say carryout, delivery essential, 23% want to see tech that improves customer service as sales to hit $898B

According to the National Restaurant Association’s just-published 2022 State of the Restaurant Industry Report, sales will increase to $898B this year and the industry will add 400,000 jobs. In addition, the report highlights restaurant operators’ concerns about the current economics of running a restaurant. A total of 96% of operators experienced supply delays or shortages in 2021.

Read more

Staffing shortages may be rearing their head this fall, as the restaurant industry experiences softer growth than in the fall

Staffing shortages may be impacting sales, service: Black Box Intelligence

Staffing shortages may be rearing their head this fall, as the restaurant industry experiences softer growth than in the fall. New data from Black Box Intelligence suggest that there may be a correlation between staffing issues and sales degradation and service-level declines. October’s increase from last year came in at 6%, softer than September, which posted a 6.3% increase. Moreover, October is more than two percentage-points from the sales peak in July, which was up 8.2% over last year.

Read more

A new survey from the National Restaurant Association shows the fragility of the restaurant industry’s recovery

78 pct. of restaurants experienced slowdown due to Delta variant: National Restaurant Association

A new survey from the National Restaurant Association shows the fragility of the restaurant industry’s recovery. Many restaurant operators now believe that the recovery will run into 2022. Forty-four percent of operators believe that it will be more than a year before normal business conditions resume, and 19% believe that there will never be a return to normal business conditions.

Read more