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Weekly Global Wrap: Chicken chain traffic up 4.3% in Q3 2024; Chipotle and Strava announces global partnership; 1,404 strong Chinese restaurant operator seeks HK IPO

Here is a summary of the most interesting QSR news stories of the week globally.

Foot traffic in chicken chains went up 4.3% in Q3 2024, a report revealed. More from NACS.

Chipotle and Strava announce global partnership for New Year fitness goals. More from DesignRush.

Chinese fast food chain operator LXJ International with over 1,404 restaurants seeks Hong Kong IPO. More from South China Morning Post.

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Exclusives

Price spread between fast-food and coffee chains exceeds 100%
Core items such as cappuccino and latte prices rose by about 9%, whilst speciality drinks have surged even more sharply. 
Research
Afternoons now drives coffee traffic
Mid-afternoon to early evenings have become the fastest-growing daypart for coffee shops and bakeries.
London leads UK’s coffee and bakery boom
In the UK, there are an average of 1.75 outlets for every 10,000 people.