Research
Fast food chains adapt menus amidst decreasing demand
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.
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.
Last hour takeaway cancellations cause restaurants to lose more than $3k yearly
A weekly revenue of £10k may experience a loss from £66 to £133.
Special price offers, free delivery tops list of preferred strategy for price promotions in 2023
Campaigns offering percentage discount are prevalent amongst delivery aggregators.
4 in 5 fast-food consumers don’t prioritise sustainable packaging
Barriers include difficulty in incorporating it into daily routine.
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.
Foodservice inflation a positive sign for operators: analyst
However, prices are still rising compared to 2023.
Soaring costs dents hospitality business confidence in Britain
3 in 5 business leaders don’t feel confident about the hospitality market.
Delivery, takeaway sales growth slows
Year-on-year increases have not exceeded the current inflation rate.
Rate of food price increases slows more rapidly for main meals
The slowdown in price growth was more visible for food items vs beverages.
Hospitality sales flat in January as consumer spending is squeezed
Restaurants only saw 0.9% growth in January.
Price increases for dine-in and takeaway decline at different rates
Price increases for food delivery declined from 20% in 2022 to 15% in 2023
EXCLUSIVE: Slowing food price inflation not enough to prevent footfall reduction
Since June, foodservice price inflation has consistently decreased.
