Research
Hospitality closure rates slow amidst easing of cost pressures
One in 40 licensed premises have shut down in the last 12 months
Hospitality closure rates slow amidst easing of cost pressures
One in 40 licensed premises have shut down in the last 12 months
Hong Kong restaurants saw 37% uptick in takeaways supported by food delivery aggregators
34% of restaurants attribute 30% of their revenue to delivery platforms.
Quick-service restaurants lead Australia's plant-based meat rise
QSRs represented 80% of the volume of plant-based meat sales in 2022.
Greggs, Costa named amongst UK’s strongest brands
EY is named the strongest brand this year after Dettol falls from the top 10 rankings.
Fast food menus balloon 6% over the last year
By assortment size, drinks are leading the way.
Foodservice price inflation falls below 10% for the first time in two years
This is measured by CGA Prestige Foodservice Price Index.
At-home grows but remained flat in March
This is seen as a sign of more consumers eating out.
Fast food chains adapt menus amidst decreasing demand
Chains continue to focus on meal deals and LTOs.
Secret ingredients behind popular price promotion
Campaigns offering percentage discounts constituted 17% of all LTO’s, gaining in popularity last year.
Food price inflation in hospitality continues falls but still higher than retail sector
Food price inflation in hospitality is 2.4 times higher than in retail.
Chinese consumers dine out less amidst increasing restaurant prices
Almost 2 in 5 are paying attention to restaurant coupons for discounts.
Hospitality workers happier at work despite dip in earnings
Almost 3 in 5 are reporting a healthy work/life balance.
Combo meals surge as top fast-food offer
This type of offers made up almost half of special price promotions in 2023.
4 in 5 fast-food consumers don’t prioritise sustainable packaging
Barriers include difficulty in incorporating it into daily routine.
Here are the top five QSR brands that opened the most restaurants in 2023
There were 226 restaurant openings in 2023.
Fast food promotion tactics defend against rising costs
Tactics such as offering more specials, meal deals, and free delivery have surged.
Are Brits spending less when eating out?
A survey revealed that 65% are dining out the same amount as they were a year ago.
Most Read
1. KFC Singapore spends SG$1m on its biggest menu change 2. KFC Australia to open pop-up store to launch new burger range 3. Hungry Jack’s and Jack’s Cafe unveils its new winter range 4. Weekly Global Wrap: Price hike opens opportunities; McDonald's mulls meal deal; Wendy's unveils new nuggets pack 5. Banjo’s Bakery launches new pie for winter menuResource Center
Event News
Event News
Are you ready for the QSR industry’s biggest event of the year?
![Are you ready for the QSR industry’s biggest event of the year?]()
Promotions
The awards programme for the best brands will also be held.
The awards programme for the best brands will also be held.
