In February, the National Restaurant Association’s 2023 State of the Restaurant Industry Report found that 70% of operators felt that their restaurant’s conditions had settled into or were on the path to the “new normal.” Competition was heating up, and growth was expected to continue. And, while some of those expectations came to pass, the… Continue reading The 4 Ways Higher Interest Rates & Real Estate Inflation Are Affecting Restaurants
Tag: f&b insights
How Restaurants Make It Through the First Year
If you’ve done your research, you know that the restaurant industry is not for the faint of heart. According to the National Restaurant Association, about 1-in-3 fail the first year. Compared to small businesses in the U.S. that experience 1-in-5 closures, you’ve got about a 10% greater chance of going belly up in our illustrious… Continue reading How Restaurants Make It Through the First Year
Essential Elements To A Comprehensive Restaurant Growth Strategy
So, you’ve built a bustling restaurant with patrons lining up at the door. Your reputation has grown, and with it, your appetite for expansion. Growth is a healthy desire and is often necessary for survival in the restaurant business. It has the power to propel your restaurant brand to new heights — but can be… Continue reading Essential Elements To A Comprehensive Restaurant Growth Strategy
How Michelin Restaurants to Sports Bars use Tablz to Build Customer Loyalty and Boost Profits
Are you doing everything you can to give your customers a dining experience that keeps them coming back for more? Although there’s value to attracting new customers to your restaurant, Harvard research shows that it’s more cost-effective to invest in customer retention. In fact, a mere 5% increase in repeat business can stimulate a 25-95%… Continue reading How Michelin Restaurants to Sports Bars use Tablz to Build Customer Loyalty and Boost Profits