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Canadians Unwilling to Give up Dining out, Vacation, & Streaming TV Service Despite Strong Inflation

A new Service Line Warranties of Canada (SLWC) survey of Canadian homeowners examined the impact inflation is having on the Canadian home with almost 90% of respondents reporting that inflation is impacting their household budget. More than 60% said that the higher prices that have resulted from inflation has caused them to put off home repairs, renovations or upgrades.

The survey also looked at what Canadians are most willing to give up – or conversely, least willing – to help balance their budgets. Dining out, vacation, and streaming...

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Nov 16 8:59 AM, General News



Foodservice Update Q3 2022: Revisiting Growth Perspectives

The writing is on the wall: economic growth is in jeopardy due to macroeconomic challenges around the world. From severely high natural gas prices in Europe, which affect everything from fertilizer prices to milk powders, to a housing crisis, and continued partial lockdowns in China. Coupled with rising interest rates, softening equity markets, and negative real wage growth, consumer confidence surveys unsurprisingly outline a worsening outlook for demand. It is likely that the US and Europe will both be entering a recession over the next 12 months.

Report summary

In Europe and the...

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Sep 21 8:00 AM, General News


New Acosta Report Explores the Rising Impact of Inflation on Consumer Dining Habits

Acosta, a global integrated sales and marketing services provider in the consumer packaged goods (CPG) industry, today released its sixth edition of The Why? Behind the Dine, a research report providing foodservice-specific insight bolstered by the expertise of its CORE Foodservice division.

Acosta's findings show that while most consumers (54%) are dining out less often due to inflation, about one-third are choosing to trade down rather than trade out, opting for less expensive restaurant and meal options to counter rising prices...

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May 20 8:29 AM, General News


Canadian Restaurants Enjoyed A Robust Return of Customers in the First Quarter

Full service restaurants benefitted from the pent-up demand to dine out

The Canadian foodservice industry continued to show promising recovery in the first quarter of 2022 compared to last year’s same quarter, reports The NPD Group. Physical and online visits to restaurants and commercial foodservice outlets increased by 18% in the first quarter compared to the same quarter last year, when traffic declined by 9% due to indoor dining restrictions. Consumer spending in the quarter grew by 27% compared to a year ago when spending declined by...

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May 6 8:19 AM, General News


Americans Plan to Go Big for Mother's Day this Year: OpenTable Data Shows Reservations are Up 39%

After two years of canceled celebrations and plans, Mother's Day dining is back in full force. Data from OpenTable shows that Mother's Day reservations are up 39% compared to pre-pandemic 2019 and 13% compared to 2021. Americans are feeling the excitement: according to a recent survey, 45% of those celebrating Mother's Day are planning to make up for lost time by "going big" for their mom or a mom-like figure this year.

But some things never change...

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Apr 21 8:00 AM, General News







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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