John Craig的动态

As prices on fast food menus continue to rise, the price gap between fast food and dine-in is narrowing and more and more consumers are opting for the latter. #fastfood #fastcasual #foodservice #foodserviceindustry #restaurants #restaurantindustry https://lnkd.in/gjsxTYF9

Great write up on consumers eating out and worth the quick read! If you are not tracking (in real time) your consumers future purchase intent and what is driving it then we need to talk.

According to the Bureau of Labor Statistics, restaurant prices have surged by 27.2% since June 2019, a spike that has led many to tighten their belts when it comes to eating out. In response, major players like McDonald's, Burger King, and Taco Bell are doubling down on value promotions, rolling out enticing $5 meal deals and other budget-friendly options. This focus underscores a broader shift in the fast food industry, where innovation is not just about new menu items or technology, but also about rethinking pricing strategies to keep pace with consumer needs. It's a reminder that in a rapidly changing market, those who adapt and meet customers where they are will continue to thrive. #FoodTrends #ValueMeals #RestaurantAdaptation #MenuInnovation

59% of Americans food expenditures are spent outside of the home... This year the restaurant industry will achieve a new milestone of $1 trillion + in revenue. This accounts for 32% of Global Revenue. While it's evolving, there has been, is and will be tremendous potential.

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

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.

From dine-in to doorstep: How food chains are adapting to the delivery-first model #FoodDelivery #RestaurantIndustry #DeliveryFirst #CustomerExperience #SustainableDining

In the realm of culinary culture, the American appetite is ever-changing. From home-cooked meals to dining out, our preferences shape not only our food choices but also the economy. Recent data reveals a notable shift in consumer behavior: U.S. consumers now allocate only 30% of their monthly food budgets to restaurants, down from 40% just two years ago. Check out this article from Nation's Restaurant News discussing how U.S. consumers are allocating a smaller portion of their food budgets to restaurants as the landscape of the food industry continues to evolve. While economic factors, health consciousness, and changing social norms contribute to this shift, one thing remains clear, the way we eat is transforming.?

Let’s talk about the QSR industry and how fast it’s growing In the food industry few categories that mention below Cafes Restaurant Quick service restaurant Local vendors Cloud kitchen Most teenagers and corporate professionals prefer to consume QSR base fast food (pizza, burgers, French fries) QSR model is a quick service restaurant that provides quick service food with well-maintained hygiene. We have a big name in the QSR business chain such as Domino’s, Mc Donald’s, Pizzahut, Subway, Starbucks, Burger Kings, Lapinoz, Cafe Coffee Day All the above businesses run as QSR and they mostly target store explanation in tier-1, and tier-2 cities The market size of 25.64 billion USD in 2024, and that is expected to reach 38.71 billion USD by 2029, growing at a CAGR of 8.74% during the forecast period (2024-2029) Increase urbanization, changes in customer preferences, and a growing number of QSR chains offering pizza and pizza delivery services QSR is a growing market because people have changed their perspective toward eating habits and are more swift toward fast foods Follow Sudhansu Parmar For more content & Information Above mention statistics detail taken from Momder intelligence #Finanace #Investmentbanking #LinkedIn

Report of resturant review 1. Customer Experience Observation: The restaurant's service was prompt, and the staff were courteous. Data Insight: Based on a sample of customer reviews on platforms like Yelp and Google Reviews, [Restaurant Name] consistently scores high in customer satisfaction, with an average rating of 4.5 stars out of 5 from over 1,000 reviews. 2. Menu Variety and Popularity Observation: The menu offered a wide range of options, catering to various dietary preferences. Data Insight: A sentiment analysis of the menu items revealed that the most positively reviewed dishes are the Spicy Tuna Roll and the Vegan Burger, each mentioned favorably in 60% of the reviews that discuss them. 3. Price Analysis Observation: The prices were reasonable for the quality and quantity of food provided. Data Insight: Using pricing data from the restaurant’s menu and comparing it with similar local restaurants, [Restaurant Name] is priced competitively within the mid-range segment. The average cost per meal is $20, which aligns with the median price range of $18-$25 for comparable eateries in the area. 4. Wait Time Efficiency Observation: The wait time for food was minimal, around 15 minutes from order to table. Data Insight: Analysis of customer feedback indicates that the average wait time at [Restaurant Name] is consistently under 20 minutes during peak hours, which is 10% faster than the industry average in the local area. #CognifyzTechnologies