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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...

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Dec 7 8:10 AM, General News



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...

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Jul 27 12:27 PM, Urner Barry


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...

 

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Jul 27 12:12 PM, Urner Barry


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...

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Jul 19 9:25 AM, SeafoodNews


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...

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Jul 10 1:27 PM, Urner Barry


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...

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Jun 7 9:30 AM, General News


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...

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May 10 10:56 AM, SeafoodNews


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...
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Apr 27 7:55 AM, Urner Barry


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... 

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Apr 24 9:42 AM, Urner Barry


Morning Meal Restaurant Traffic Fully Recovers from Pandemic Losses

Circana, formerly IRI and The NPD Group, found that the restaurant industry continued to recover from losses linked to the COVID-19 pandemic in February, with traffic up 2% compared to a year ago.

Quickservice restaurants (qsr), which represent well over 80% of restaurant industry visits, jumped 3% in February when compared to 2022.

A look at full service restaurant traffic shows a 2% decline thanks to a notable 13% dip in dinner traffic, although full service eateries saw increased visits during morning meal and lunch.

Speaking of morning meals...

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Apr 6 7:00 AM, General News


The Future of Dining: Tracking the Trailblazers in the Restaurant Industry

Brizo Data is excited to share the 2023 Restaurant Technology Landscape, providing an unparalleled visualization of the key restaurant technology companies that are driving innovation in the foodservice industry. Brizo FoodMetrics, the company's flagship market analytics platform, leverages billions of data points in the North American foodservice and restaurant business to unlock an in-depth view of the technologies-in-use and empowers businesses to make informed decisions.

"Brizo's data-rich insights show that the adoption of technology isn't only about driving revenue or creating niche, 'futuristic' experiences...

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Mar 6 9:38 AM, General News







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