Momentum is slowing for restaurant growth... New restaurant openings increased 6% during the period May 2023 to April 2024. According to a Yelp report, this is a slight deceleration in growth from the previous year, which reported 10% in new openings during May 2022 to April 2023. Have you noticed this trend locally? What do you think it means for the industry?
HBG Purchasing Solutions’ Post
More Relevant Posts
-
Discover how the pace of restaurant openings is changing in 2024. Dive into key statistics and insights that reveal trends in the retail and restaurant industries. https://lnkd.in/esYUn-Q2
-
-
Fractional CMO & Digital Marketing Strategist for CPG, Restaurant, & Hospitality Brands
Over the past year, Fast-Casual & Quick-Service Restaurant (QSR) chains have thrived, consistently outperforming the Full-Service Dining segment with positive year-over-year (YoY) visit growth every quarter since 2023. Some key takeaways from the report by Placer.ai: • Continued investment in fast service is driving shorter visits to QSRs like Taco Bell and Wendy’s. • Applebee’s is gaining lunch-rush diners by embracing quick-service formats. • Chicken chains such as Chick-Fil-A and Raising Cane's are becoming increasingly popular within the Fast-Casual & QSR spaces. • Celebrating the calendar helps bump up traffic to White Castle and Arby’s. Is it all about efficiency that's driving this growth? How big of a factor is price playing? 🤑 What have you personally experienced at a #QSR that made it better? #RestaurantMarketing #ConsumerTrends
-
-
🚀 October Surge! Discover why restaurant sales are booming and what this means for the industry. Full insights in our latest blog post! 📈 https://hubs.la/Q02YLcmV0 #RestaurantSales #ConsumerConfidence #WeSellRestaurants #RestaurantIndustry #MarketTrends #BusinessGrowth #OctoberSurge #IndustryInsights
-
-
The two most prominent trends within the F&B market: 1. Increasing penetration of value-oriented quick service restaurants (QSR) across Europe 2. Success of brands offering premium and experiential dining experiences. The Quick Service Restaurant (QSR) market has seen steady growth over the last few years, and now makes up a large part of the F&B sector in Europe, with customers prioritising value food on the move and quick service dine-in. Read the European Retail market 2024 report as it talks about why premium F&B is booming and more. https://lnkd.in/e_-7BSrX
-
-
The two most prominent trends within the F&B market: 1. Increasing penetration of value-oriented quick service restaurants (QSR) across Europe 2. Success of brands offering premium and experiential dining experiences. The Quick Service Restaurant (QSR) market has seen steady growth over the last few years, and now makes up a large part of the F&B sector in Europe, with customers prioritising value food on the move and quick service dine-in. Read the European Retail market 2024 report as it talks about why premium F&B is booming and more. https://lnkd.in/eg9M5c5B
-
-
Luxury Property Search | Over 20 years UHNW Client Relations | Entrepreneur | Everything in-between
The two most prominent trends within the F&B market: 1. Increasing penetration of value-oriented quick service restaurants (QSR) across Europe 2. Success of brands offering premium and experiential dining experiences. The Quick Service Restaurant (QSR) market has seen steady growth over the last few years, and now makes up a large part of the F&B sector in Europe, with customers prioritising value food on the move and quick service dine-in. Read the European Retail market 2024 report as it talks about why premium F&B is booming and more. https://lnkd.in/eNv3pdWB
-
-
The two most prominent trends within the F&B market: 1. Increasing penetration of value-oriented quick service restaurants (QSR) across Europe 2. Success of brands offering premium and experiential dining experiences. The Quick Service Restaurant (QSR) market has seen steady growth over the last few years, and now makes up a large part of the F&B sector in Europe, with customers prioritising value food on the move and quick service dine-in. Read the European Retail market 2024 report as it talks about why premium F&B is booming and more. https://lnkd.in/eNDa2QMG
-
-
The two most prominent trends within the F&B market: 1. Increasing penetration of value-oriented quick service restaurants (QSR) across Europe 2. Success of brands offering premium and experiential dining experiences. The Quick Service Restaurant (QSR) market has seen steady growth over the last few years, and now makes up a large part of the F&B sector in Europe, with customers prioritising value food on the move and quick service dine-in. Read the European Retail market 2024 report as it talks about why premium F&B is booming and more. https://lnkd.in/d8AsJqMQ
-
-
The two most prominent trends within the F&B market: 1. Increasing penetration of value-oriented quick service restaurants (QSR) across Europe 2. Success of brands offering premium and experiential dining experiences. The Quick Service Restaurant (QSR) market has seen steady growth over the last few years, and now makes up a large part of the F&B sector in Europe, with customers prioritising value food on the move and quick service dine-in. Check out our latest insights below. https://lnkd.in/eCaRGKYc
-
