Articles Tagged with ''restaurant trends''

The National Restaurant Association (NRA), Washington, D.C., released its annual survey of 700 professional chefs – members of the American Culinary Federation (ACF), St. Augustine, Fla., – to predict food and beverage trends at restaurants in the coming year.

U.S. restaurant and foodservice revenues are forecast to total $990 billion in 2021, according to “Restaurants & Foodservice: United States,” a report released by Freedonia Focus Reports.

While many shifts in the restaurant industry are slow to take hold, the use and availability of data is one trend that's quickly emerging, according to the 2018 Restaurant Trends Forecast, produced by Restaurant Business magazine, Chicago, and Technomic, Chicago.

Consumer foodservice is forecasted to reach $3 trillion by 2021, with delivery as the fastest growing channel at 51% from 2016-2021, according to data from Euromonitor International, Chicago.

Customer visits to U.S. restaurants and foodservice outlets remained negative in the quarter ending June, resulting in six consecutive quarters of weak traffic performance, reports The NPD Group, Chicago.

Generation X, ages 36-52, now represents 23% of all restaurant visits, not a significant difference from Boomers and Millennials, who represent 26% and 25% of visits respectively, according to “What Matters Most To Key Generational Groups.”

A report released by Technomic, Chicago, indicates that the restaurant industry overall fared relatively well in 2016, but full service has experienced some highs and lows, with annual sales growth dipping to 1.4% and unit growth remaining flat.

Culinary Visions Panel's latest study in the North American dining series explores Mexico’s consumer dining preferences.

A new study released by AlixPartners, a New York-based global business-advisory firm, posits that the turbulence in the chain-restaurant industry of late—from underperforming results to an uptick in bankruptcies to renewed shareholder pressures—might not be just a blip but rather a sign of structural changes besetting the industry.

An increasingly competitive landscape and weakening consumer spending will limit revenue growth to 3.9% for Canadian restaurants this year, according to The Conference Board of Canada's latest “Canadian Industrial Outlook: Canada's Food Services Industry.”