Elevation Foodservice Reps’ Post

Unlocking Value: Navigate the Changing Dynamics of Dining Out in America. From Eatertainment to Digital Innovations, Discover How Your Restaurant can Redefine "Bang for Your Buck!" #value #menu #fooditems #foodservice #foodindustry #menuprices

The industry is not going anywhere and continues to capture roughly half of the U.S. consumer food dollar. While increased sales and job creation are great, let's not forget about the folks making it happen. Hopefully this demand will inspire companies to invest more into their employees and managers. Those are the folks creating the magic. #hospitalityindustry #hospitalityjobs #foodservice #restaurantjobs

Independent restaurant operators face unique challenges in the foodservice industry. Limited resources and a shortage of manpower often make it difficult to compete with larger chains. In the face of these challenges, one powerful ally emerges: restaurant technology. Here are four reasons to utilize it: https://brnw.ch/21wCUX1

Customer-level data offers valuable insights to restaurant owners to help them meet customer expectations and deliver an outstanding #CustomerExperience that improves brand loyalty. Restaurant leaders who harness the power of data-driven decisions will gain a competitive edge in the industry and improve their business success. #DataInsights #RestaurantTech

"During a time when our public discourse tends to be divided, 90% of Americans can agree on one thing: they like going to restaurants." The restaurant industry is poised for impressive growth in 2024 - read the latest from Foodservice Equipment & Supplies magazine here: https://buff.ly/3Uta8nX #hospitality #restaurants #2024trends

🏆 3 Key Strategies for Restaurant Success in 2024 The foodservice industry is expected to return to stability in 2024, according to a new report from Technomic. The report found that consumers are still looking for value and convenience, and that operators should focus on takeout and drive-thru ordering. Key trends that will shape the foodservice industry in 2024 include: 💰 Cost-saving behaviors: Consumers are still feeling the pinch from inflation, and they are looking for ways to save money on dining out. Operators will need to find ways to offer value without sacrificing quality. 🤩 Menu innovation: Consumers are also looking for new and exciting dining experiences. Operators will need to be creative with their menus in order to attract and retain customers. 📱 Technology: Technology is playing an increasingly important role in the foodservice industry. Operators will need to invest in technology that can help them improve efficiency, customer service, and marketing. Operators that can adapt to these trends will be well-positioned for success in 2024. Here are some additional insights from the report: 🥡Takeout and drive-thru ordering will continue to be popular in 2024. 🌱Consumers are increasingly interested in plant-based and ethnic cuisine. ⭐️ Technology will be used to personalize the dining experience. The foodservice industry is facing a number of challenges, but there are also many opportunities for growth. Operators that can adapt to the changing landscape will be rewarded in 2024 📬 Get easy-to-digest restaurant insights like this delivered to your inbox weekly: https://buff.ly/3MWRznm

Restaurant managers are realizing that the way they price their menus can be as creative as the way they construct them. They are applying many principles of the Choice Game, including sharper differentiation, better communication, and optimizing the interrelationship between item prices rather than optimizing prices in isolation. Some prices may rise and others may decline, either in absolute terms or on a per-unit basis, but the overall intent is to ensure that customers can self-select a desirable option. As the National Restaurant Association Show wraps up this week in Chicago, this renewed focus on pricing offers hope that restaurants will continue to survive the challenges in their industry, such as rising labor and food costs and ongoing shifts in consumer behavior. #pricingstrategy #restaurants

The keyword in today's dining landscape is value, value, value. Consumers continue to be driven by value-based options, as they work with tight budgets to still find ways to indulge. Whether it's through delivery, lower price points at fast-casual restaurants, grab-and-go, etc. - the foodservice industry is changing to accommodate today's value-focused customer. Here's how your foodservice business can meet demand: https://hubs.la/Q02ddhkg0 #foodservicetrends #restaurantindustry #restaurantequipment

As we approach the new year, operators and brands are feeling the pressure, making #strategicpricing a focal point for 2024. In navigating challenges such as rising labor costs, RMS' Richard Delvallée emphasizes the importance of incorporating #restauranttech into your strategy to ensure success in the evolving landscape. Get more insights from industry experts in Alicia Kelso's recent article on Nation's Restaurant News: https://lnkd.in/e9wGPdUr   Discover how RMS' Competitor Price Intelligence can help operators to stay ahead of the competition and make more informed pricing decisions in 2024: https://lnkd.in/dseYnCqC

Meet the 2023 Top 500: The biggest restaurant chains in America This year’s Top 500, presented in partnership with Datassential, shows an industry stabilizing even as challenges persist, via National Restaurant New It would be a mistake to say that 2022 was a return to business as usual for restaurant companies. After all, “usual” for restaurants doesn’t typically include white-hot inflation, an impossibly shallow labor pool and a tangled supply chain that prevents access to basic materials necessary for opening storefronts. Still, all things considered, 2022 must be seen as a win for restaurants after two wackadoodle years. A full 456 chains on this year’s Top 500 — that’s 91% of them — enjoyed sales growth in 2021, according to figure reported by Datassential and its Firefly 500 platform. Store-count growth wasn’t quite as rosy of a picture — about 60% of chains on the Top 500 were flat or had positive growth — but when compared with 2020 and 2021, the industry’s footprint largely stabilized in 2022. Read more here: