Full-Service Restaurants: The Busiest Hours, Reservation Insights, and Popular Proteins by State

Toast (NYSE: TOST), the all-in-one digital platform built for restaurants, today announced its Q3 2023 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated data from selected cohorts of restaurants and in select U.S. metropolitan areas on the Toast platform, which serves approximately 99,000 restaurant locations as of September 30, 2023.

This report looks into dinner service transaction data from full-service restaurants on the Toast platform in 17 metropolitan statistical areas...

Bringing Menus to the Digital Age

Dive deep into the modern-day dining experience with Tabmeal – a trailblazing digital platform that’s making waves on Kickstarter. Forget those monotonous QR codes that lazily lead to a standard PDF menu. With Tabmeal, we’re redefining how restaurants engage with their patrons in our tech-savvy era.

The driving force behind this culinary revolution? Konstantin Vishnikin. “Here we are, in 2023, at the pinnacle of technological evolution. Yet, diners like me with dietary restrictions still grapple with deciphering menus, especially when traveling abroad. That’s not just taxing for the...

Restaurant Brands are Turning to Subscription Models in the Next Big Loyalty Trend

The "Global Loyalty Programs Market Intelligence and Future Growth Dynamics Databook 2023" has been added to ResearchAndMarkets.com's offering.

The global loyalty market is expected to grow by 12.7% on annual basis to reach US$135.9 billion in 2023. In value terms, the global loyalty market has recorded a CAGR of 13.1% during 2018-2022.The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 12.2% during 2023-2027. The global loyalty market is...

Restaurant Sales Hold Steady in June, Job Growth Slows

The National Restaurant Association reported sales at eating and drinking places reached $88.9 million on a seasonally adjusted basis in June, per preliminary data from the U.S. Census Bureau. This total is on par with the month prior.

The Association said the “plateauing” of restaurant sales mimicked the entire retail landscape as spending in non-restaurant retail sectors jumped by 0.2%. The Wall Street Journal noted that overall retail spending indicates that consumers are keeping up with inflation but have yet to outpace it...

ItsaCheckmate Releases Consolidated 3rd Party Ordering Platform Statements

ItsaCheckmate, the center of a restaurant’s digital ordering business, announces Reconcile, a no-fuss, plug-n-play data ingestion, formatting, and reporting tool that allows restaurant accounting teams of all sizes, irrespective of the solution they use, to consolidate all of their 3rd party ordering platform statements into one unified view at the touch of the button.

The beauty of this automated ingest, format and presentation solution is that it can seamlessly fit into any accounting process or system and it eliminates the time-draining, repetitive, error-prone, and low-value...

Technomic: How Historically High Inflation Impacted Top 200 Canadian Chain Restaurant Performance

Technomic released one of its most highly anticipated reports, the 2023 Top 200 Canadian Chain Restaurant Report, which includes expert findings and insights into the sales performance of Canadian chain restaurants in 2022. The report—built using decades of historical data—provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment.

“Total sales for Canada’s Top 200 chain restaurants hit $40 billion in 2022, improving by 15% compared to the prior year...

Pace of Foodservice Job Growth Slows, Industry Workforce Still Behind Pre-Pandemic Levels

Preliminary data from the Bureau of Labor Statistics (BLS) April showed employment gains in foodservice and drinking places of 25,000, which carried gains seen across the leisure and hospitality sector. Through the first quarter of 2023, the sector has added almost 180,000 jobs.

However, the National Restaurant Association’s chief economist Bruce Grindy said those gains were at a slower pace compared to what has occurred in previous months.

April’s increase followed moderate gains in February (45,400) and March (28,200) – both of which were revised lower from their...

New OpenTable Data Shows Late Night Dinner on the Rise

Today, OpenTable, a global leader in restaurant technology, relaunched its State of the Industry dashboard. The site features new dining data from OpenTable's global network of 55,000 restaurants and millions of diners to shed light on dining demand and trends.

Latest intel from OpenTable's State of the Industry 2.0:

• Late-night dining gets a boost: In March 2023, dining at 8pm and 9pm saw gains nearly every day MoM, with the largest increases on Mondays (8pm up 9%, 9pm up 18%), Wednesdays (8pm up 15%, 9pm up 23%) and Thursdays...

Technomic Reports High Inflation Impacted Top 500 Chain Restaurant Performance in 2022

Technomic released one of its most highly anticipated reports, the 2023 Top 500 Chain Restaurant Report, which includes expert findings and insights into the sales performance of U.S. chain restaurants in 2022. The report—built using decades of historical data—provides a detailed analysis of the foodservice industry and overarching trends, annual sales and unit counts by chain and segment, and Top 500 sales forecasts for 2023.

"Unprecedented levels of foodservice inflation had a major effect on the industry's largest chain restaurants...