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The UK food and beverage services industry is experiencing new trends heading into 2025. Evolving consumer tastes and contemporary payment methods are transforming the F&B sector. Let’s delve into the current happenings. This article examines the trends influencing the F&B industry and uncovers the relationship between these advancements and payment solutions. #foodandbeverage #restaurants #trends #payments https://lnkd.in/gDFg-2wn

I’ve been hearing a lot of nervous tones lately when speaking to some food suppliers and food service business owners. Everyone seems to be facing the same symptom: fewer feet through their front doors. As restaurant prices continue to rise in China, consumers are reevaluating their dining habits. According to a recent report, nearly 2 in 5 individuals are noticing the uptick in costs, with over 30% planning to dine out less in the coming months. While many consumers recognize the need for price adjustments, they also emphasize the importance of maintaining food quality and variety. This shift in consumer behavior underscores the evolving landscape of the restaurant industry, where value and experience are paramount. Interestingly, the rise in prices has spurred increased attention to restaurant coupons, with over 30% of consumers actively seeking discounts. Whether recommended by staff or sought out independently, coupons are becoming a popular tool for savvy diners looking to balance quality and affordability. If you’d like to know more about this, take a look at this article that discusses the current landscape further. If you would like to know how to safely explore and “blaze the trail” of this new and shifting era in the industry, then let Fabristeel assist and guide you. Get in touch with me or my team today and we will take you on the shortest and most effective path toward success in an age where fickle customer trends can seem daunting. Take a closer look at our services, kitchen equipment solutions, and insight in the link below: https://lnkd.in/dbEKSGQv #APAC #restaurant #QSR #customertrends #industryinsight

Consumers are frustrated with fast-food prices. Our new blog looks into restaurants' strategy of reintroducing value meals to retain customers amidst declining traffic and increasing costs. ???? ?? ?? #valuewars #restaurantmarketing #restaurants #valuemeals

Weak restaurant customer traffic is inevitable with inflationary pressure. Curious to see how to bend this curve. Labor reduction and food quality are two. Knowing your customer is key.

On average fast food prices im the U.S.increased by 67% since 2014, with McDonalds prices doubled, decreasing foot traffic and same store revenues as a consequence. For sure Fast Food is not only unhealthy and no longer a cheap dining option, when it costs 55 USD to feed a family of 4 at lunch.

Fast Food: The New Luxury? A recent LendingTree survey of 2,025 Americans aged 18 to 78 reveals that 78% now view fast food as a luxury items due to pricing increases. Additionally, 65% of respondents reported being "shocked" by a recent high bill. While data suggests that perceived value includes more than just price, this feedback underscores the importance of understanding restaurant segments and customer preferences. For QSRs, the top three customer incentives have traditionally been: 1. Convenience 2. Speed 3. Affordability With recent price increases, fast food is edging closer to traditional restaurant costs. Combined with the rise of digital ordering, the impact of convenience and speed has lessened, causing consumers to reconsider their fast food choices. McDonald's USA President Joe Erlinger acknowledged the pricing issue, stating that the company will be focusing on finding solutions in the coming months. Let us know how you've felt about recent fast food pricing and what strategies should restaurants adopt to address consumer price fatigue? If you'd like to read the full articles ?? Food & Wine on fast food pricing: https://lnkd.in/gd3BHDJc Restaurant Business Online on McDonald's : https://lnkd.in/gQ2DDzkT?

https://lnkd.in/gz6tGzAi The US Consumer Price Index data released Wednesday morning?from the Bureau of Labor Statistics?show?that menu prices ticked up by 0.3% in August, compared to 0.2% in July. Food-away-from-home prices are 4% higher year-over-year, compared to 4.1% in July. Though August was slightly higher, the 0.3% is lower than May and June (both up 0.4%) and consistent with March and April’s menu inflation. The index for limited-service meals increased 4.3% over the last 12 months and the index for full-service meals rose 3.8% over the same period. By comparison, food-at-home prices, or grocery/supermarket, were flat in August after ticking up 0.1% in July. Year-over-year, grocery prices are up just 0.9%, compared to 1.1% in July and marking the 17th?month in a row in which restaurant prices outpaced grocery prices,?according to Kalinowski Equity Research. President and chief executive officer Mark Kalinowski notes that the gap?between grocery inflation and restaurant inflation widened by 10 basis points during August and is now 310 basis points in favor of grocery prices. The 22-year historical average is a 60-basis-point gap. The current gap is inching closer to the 2016 full-year disparity of 390 basis points, which resulted in the second-lowest same-store sales performance for the restaurant industry behind just the pandemic, he added. Indeed, the restaurant/grocery pricing gap has been cited by several executives as a driver behind traffic erosion in recent months.?New research from Circana?finds a growing trend toward at-home dining in the past year, with 86% of eating occasions sourced from home. “With dining out costing four times more than eating at home, many are cutting back on restaurant visits,” David Portalatin, senior vice president and industry advisor at Circana, said in a statement. “Meal patterns have shifted as consumers spend more time at home and adapt to new daily rhythms.” Menu prices also continue to outpace the overall CPI, which came in at 2.5% in August, down 0.4% from July and its lowest level since early 2021.

Save Money on Groceries: How Rising Prices are Impacting Your Wallet Learn how to combat the skyrocketing cost of groceries and save money with this informative video. Discover why eating out has become insanely expensive while restaurant prices remain stagnant, and how airport prices are surprisingly still lower. Find out how to navigate these price changes and make the most of your budget. #SaveMoney #GroceryShopping #RisingPrices #EatingOut #RestaurantPrices #AirportFood #BudgetingTips #MoneySavingHacks #FoodPrices #PriceChanges

In response to lockdowns and reduced customer numbers, many restaurants are offering takeaway services - both for prepared food and fresh produce. Watch the #RealAssetDay's #thoughtleader video now: https://lnkd.in/dQcyUNm

#ModernExpo_retailtrends Did you notice the food and beverage spending shift from restaurants to retail and hybrid options? Shoppers combat inflation by buying more groceries and intend to cook at home more often. This shift shows up in three ways: 1. Substituting some restaurant experiences for grocery store experiences. 25% of shoppers, up from 17% last year, are now substituting some restaurant experiences for grocery store experiences. Grocery stores can capitalise on this opportunity to attract budget-conscious shoppers, compared to restaurant costs, such as service charges and tipping. 2. Creating hybrid meals using grocery-prepared food and home-cooked items. Grocers can tap into this hybrid meal trend by enhancing their fresh meal prep capabilities in more upscale ways, such as offering premium or artisanal salad bars or sushi bars and providing more fresh, hot mains and side dishes like the popular rotisserie chicken and mashed potatoes. 3. Consumers are recreating the luxury of restaurant meals in their home-cooked meals. Inspired by social media platforms like TikTok, shoppers seek grocery solutions that will help them recreate high-quality meals at home, perhaps with more indulgent ingredients like spice blends or luxurious oils. #ModernExpo #wearemodern #wecreateretailnew #GoModern