Research
Eating out spending up but not for cafes and casual dining
Eating out spending up but not for cafes and casual dining
Fine dining spending, however, climbed 7%.
Top hospitality group sales slip 1.7% over wet weather
It is the first year-on-year drop in monthly sales since September 2022.
Foodservice traffic dips despite growth in spending
A rise in average eater cheques was the reason for the growth.
The rise of value hackers in SEA and how it affects QSRs
This trend can potentially impact menu innovation in restaurants.
How fast-food chains utilise meal deals and LTOs to meet changing consumer demands
LTOs and seasonal items’ share on the menu has grown by 12% in the last year.
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.
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