Скачать или смотреть Rising Costs & Market Saturation in the Restaurant Industry

🍽️ Over the past 5 years, restaurant traffic has been trending down across the board. 👉But why is the industry still facing losses?⬇️

🔍 What’s causing this decline:

1️⃣ Rising Costs
Restaurant prices have skyrocketed by 44% since 2015, nearly double the inflation rate of groceries. To keep up, household incomes would need to grow by 5% annually—a reality for few.

2️⃣ Market Saturation
With 12.3% more quick service and fast casual restaurants since 2019, and new competition from convenience stores, grocery stores, and food trucks, brands are struggling to maintain store traffic.

📉 As the market becomes more crowded and costs continue to rise, what is your brand doing to stay competitive?

#RestaurantIndustry #MarketTrends #RestaurantInflation #BusinessInsights #FastCasual #QuickService