Peachtree Group Hospitality Management’s Post

Ready to elevate your restaurant game? 🚀 Swipe to discover why a loyalty program is a game-changer for your Restaurant👉 #loyaltyprogram #boostretention #repeatbusiness #restaurantsuccess #customer #engagement #elevatebusiness #reward #dining #swipetodiscover #customerloyalty #growwithus #getreelo

Celebrity-backed restaurants are gaining traction in Canada, according to JLL, reported Connect CRE. "The company’s latest Celebrity Restaurants Report shows that Toronto has emerged as a top destination for celebrity restaurants in North America. Toronto, with 18, ranked sixth in North America among celebrity-backed restaurant openings between 2019 and 2024." "A total of 361 celebrity-backed restaurants opened across North America during that period. Toronto tied with Chicago and placed well ahead ahead of New York, Dallas, Miami, Washington, D.C.; and Kansas City, which posted nine openings apiece. The list includes cities in which five or more celebrity-supported eateries launched." https://lnkd.in/gnEKpYCv #canada #restuarants #celebrity

San Francisco Business Times: New downtown S.F. restaurant openings are outpacing closures, report finds In 2022 and 2023, the downtown area saw a notable increase in food and beverage businesses, with over twice as many openings as closures, based on a survey by the Downtown SF Partnership, which covers 43 blocks across the Financial District and Jackson Square. The report highlights the opening of 22 new businesses against 10 closures, indicating a positive shift towards downtown's appeal for dining and socializing post-pandemic. The survey, informed by two years of data and analytics from Placer.ai, recorded 29 new ground-floor businesses, 22 of which are in the food and beverage sector, including a variety of restaurants, cafes, and specialty food spots. Robbie Silver, the Partnership's Executive Director, expresses optimism for continued growth in dining, hospitality, arts, and culture. The report also details an initiative to transform downtown into a destination, reinforcing its potential as a nightlife hub, with sit-down restaurants and bars making up a significant portion of the area's 138 restaurants. Link to full article: https://lnkd.in/dJT3rpZz #DowntownSF #DowntownSanFrancisco #EconomicDevelopment #Report #EconomicRecovery #Hospitality #Events #Community #PublicRealm

📸 Check out this snapshot of Peter Greb, Foursquare's VP of Partner Solutions, in action at Yelp's National Restaurant Summit! 🎤 Moderated by @Karan Virani, Peter discusses navigating the cookieless future and other key topics. 🍪🚀 Huge thanks to Yelp for having us! ✨ #Foursquare #Yelp #cookielessfuture

If you're looking at ROI in your memberships (which you should be), this is one of the best associations to explore as a restaurant member OR vendor member. Message me for more details + check out the details below! Restaurant Facility Management Association

Learn why it's important for retailers & restaurants to strengthen power management and see how Sonic is leading by example by prioritizing surge protection Read the article ⚡ https://lnkd.in/eYwhGaDg #Retail #RestaurantMaintenaince #Restaurant Story by Samuel Hammers, Eaton

Part of the TGI Fridays business is on the verge of being rescued after news emerged of a proposed sale of certain sites to Breal Capital and Calveton emerged over the weekend. The sale could complete as soon as Monday and sounds like it could include between fifty and fifty five of TGI Fridays restaurants which would see around two thousand jobs preserved. The future of any remaining outlets and jobs is presently unknown. It would be the latest restaurant acquisition by Breal Capital and Calveton, who recently acquired other restaurant brands from D&D London last year. If the sale does complete then it would be a very positive result out of the administration process, which is often met with such negativity whenever directors take steps to place a company into administration. I was giving a presentation a few weeks ago, shortly after the news of the administration broke, and I asked who had been to a TGI Fridays restaurant in the past twelve months. Only one person put their hand up, and that person was me and arguably that was more a result of circumstance rather than a willing decision. Arguably this highlights the challenge of revitalising the brand that any potential owner faces. Certain restaurants continue to do well and suggest casual dining is not dead, but equally if you concept and value for money falls short of customer expectations it could find itself on a similar trajectory to other casual dining brands like Byron Burger. #insolvency #businessrecovery #restructuring #turnaround #business #restaurant #casualdining #tgifridays #accountant #london

Shake Shack is planning to more than quadruple its domestic restaurant count. The fast-casual burger chain said it now sees the potential for its company-operated footprint to reach “at least” 1,500 locations over time, versus its prior target of 450 domestic sites. Shake Shack expects to open about 80 to 85 new restaurants this year, including 45 company-operated locations. Licensed openings are expected to range from 40 to 45 openings

In 2024, many restaurant chains were severely affected by inflation and changing consumer behavior. Wendy's, Applebee's, and Denny's closed some of their underperforming locations to streamline operations. These closures are part of a larger problem in the casual dining sector, which has been hit hard by competition and changing dining preferences. By the end of 2024, Wendy's had closed 140 underperforming units, including outdated locations. Applebee's closed 36 units after six quarters of sales declines. Denny's closed 50 units and announced plans to close 100 more by 2025 in an effort to improve performance. TGI Fridays sought Chapter 11 bankruptcy in 2024, closing 86 locations. Red Lobster also had a string of very tough times, closing more than 120 locations, including 100 before it filed for bankruptcy protection in May. All these closings have dramatically reduced their footprints. Other chains, such as Noodles & Co. and Bloomin' Brands, also closed units. Noodles & Co. closed 20 units, and Bloomin' Brands closed 41 underperforming locations, which were mostly Outback Steakhouse. These closings point out the challenging conditions that the restaurant industry faced in 2024. . . . #RestaurantClosures #CasualDining #Bankruptcies #Wendys #Applebees #Dennys #TGIFridays #RedLobster #NoodlesAndCo #BloominBrands #DiningTrends #FoodIndustry #ConsumerSpending #RestaurantChallenges #Tribunetrends