Blackbird Labs’ Post

Understanding changes in the restaurant industry is paramount for any successful restaurateur, especially when it comes to trending topics like restaurant tipping. BentoBox talked to more than 2,500 U.S. diners about their tipping habits, preferences, and general outlook on the matter. Here are the high-level statistics to know:

Understanding changes in the restaurant industry is paramount for any successful restaurateur, especially when it comes to trending topics like restaurant tipping. BentoBox talked to more than 2,500 U.S. diners about their tipping habits, preferences, and general outlook on the matter. Here are the high-level statistics to know:

The restaurant environment is ‘stable to improved’. Fitch Ratings predicts a low-single-digit increase in restaurant spending this year and flat to slightly negative traffic http://ow.ly/YErz105XyIV

Are your restaurant sales lower than expected? Our latest blog can help you figure out why that is the case:

The all-in-one digital platform built for restaurants, today announced its Q3 2024 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry through an analysis of aggregated data from selected cohorts of restaurants and in select U.S. cities on the Toast platform, which serves approximately 127,000 restaurant locations as of September 30, 2024. Read more details about our methodology below. https://lnkd.in/gxprrejk

Time is running out! If you are starting a restaurant in 2025, this series is for you. Course plan includes: • Building individual and batch recipes before opening • Creating accurate restaurant projections • Master list of accounts & services that need to be in place before opening • Understanding your customer base https://lnkd.in/g_JqSUZQ #business #restaurant #howto #startabusiness #smallbusiness #success

In the restaurant business, data is your ally. 🤝 Our latest blog post delves into why 60% of new restaurants fold within their first year, offering a data-driven look at success and failure. Read the full report: 🔗 https://lnkd.in/gu3DQYZ3 #foodindustry #restaurant #foodservice #menutiger

Check out this great, quick read on how interchange fees are impacting and changing the restaurant industry. Link ⬇️ https://lnkd.in/gHy937tT

HOMO ALONE. A recent magazine story described the ongoing closures of bars and restaurants across the United States. Within the restaurant sector, business has shifted from table service to carryout or delivery service, which accelerated during the pandemic and has continued ever since. In 2023, according to this report, 74 percent of all restaurant traffic comes from “off premises” customers. That’s a huge jump from pre-COVID numbers. And if people are dining out less, it means they are more likely to be eating alone: The share of U.S. adults having dinner or drinks with friends on any given night has declined by more than 30 percent in the past 20 years. “There’s an isolationist dynamic that’s taking place in the restaurant business,” the Washington, D.C., restaurateur Steve Salis [said]. “I think people feel uncomfortable in the world today. They’ve decided that their home is their sanctuary. It’s not easy to get them to leave.” Even when Americans eat at restaurants, they are much more likely to do so by themselves. According to data gathered by the online reservations platform OpenTable, solo dining has increased by 29 percent in just the past two years. The No. 1 reason is the need for more “me time.” #art #music #poetry #creativity #mastery

Restaurant marketing in 60 secs. This is what I would do for a restaurant that’s struggling to get customers. #restaurantmarketing #marketingstrategy #cafemarketing #coffeeshopmarketing #marketingconsultant