5 takeaways from the ICR Conference
Restaurant companies are bullish on unit development and marketing for 2024, in what is expected to be a return to normalization* (*relatively speaking).
How restaurants are focusing on growth, ROI and reach
The industry’s biggest challenges, including inflation and labor shortages, persist into 2024
Expect restaurant consumers to get much more value conscious in 2024
Fitch Ratings directors predict ‘flattish’ growth in the restaurant space, while bigger brands are expected to gain market share.
The rise of the drinkable dessert on restaurant menus
The low-commitment items are portable, customizable, and social media friendly
Restaurants finish 2023 on a high note
Data from Master Card shows that restaurant sales were up nearly 8% year-over-year, while traffic also appears to be gaining momentum.
Accelerated sales and traffic growth bring optimism to restaurants
The fast-casual segment managed traffic growth in November
Here’s how restaurant operators should rethink their approach to liability and insurance
Around 46% of operators surveyed said that they do not have workers’ compensation insurance, according to new data from Aon and CoverWallet
Restaurants’ insurance rates impacted by extreme weather
According to Technomic, extreme weather events are expected to continue impacting restaurant businesses in 2024 as El Niño moves in.
Where does restaurant pricing land in 2024?
We may have reached consumers’ thresholds on menu prices and operators will need to find alternative solutions to offset higher costs to gain back some traffic.
Opportunities rife for sports drinks makers in the Asia-Pacific
With Asia-Pacific emerging as the fastest growing region for sports drinks worldwide, beverage makers are vying to capture a slice of the lucrative market, says Bobby Verghese, Consumer Analyst at GlobalData.
