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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds. Unfortunately, with consumers making more purchases from home, a trend that shows no signs of lessening, eating out is likely to be limited.” That points to decent, but not great, overall holiday shopping.

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Surgical Pricing Strategies: How QSRs Can Navigate Inflation

Modern Restaurant Management

Using the QSR traffic and sales data Revenue Management Solutions (RMS) has been gathering for 25-plus years, our analysts recently completed an exhaustive comparison of pre and post-pandemic data, comparing the first two quarters of 2022 and 2023 to the same period in 2019. Since 2019, however, QSR traffic has been down nearly 20% (18.4

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YEA: Restaurants Showing Resiliency with New Openings

Modern Restaurant Management

New restaurant and food businesses are opening at pre-pandemic levels, with the number of new openings increasingly more in line with 2018 and 2019 volumes, according to third quarter data for the Yelp Economic Average (YEA) report. There were only 100 fewer new restaurant openings in September of this year, compared to September 2019.

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MRM Research Roundup: End-of-July 2021 Edition

Modern Restaurant Management

The edition of MRM Research Roundup features restaurant payment transaction data, foodservice equipment purchasing and the lasting appeal of chicken sandwiches. The comparable week in 2020 (to July 25), while in recovery compared to the height of restrictions, was still lower than the same week in 2019. Rent Struggle Is Real.

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Effectively Targeting and Marketing to Gen Z

Modern Restaurant Management

According to a December 2019 report by commercial real estate giant CBRE using data from eMarketer, Generation Z’s spending is now at approximately $143 billion per year, with an additional influence over $450.5 And wow, does this young generation have some incredible spending power! billion in spending by others.

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MRM Research Roundup: Mid-June 2021 Edition

Modern Restaurant Management

In fact, the number of diners seated via Yelp was up 48 percent in May 2021 compared to May 2019. Nearly 6,600 new restaurant and food businesses opened in May 2021, a 42 percent increase from May 2020 and down by only 21 percent from May 2019. Three in five consumers have purchased premium drinks/brands since returning.

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COVID-19 Is the Opportunity Plant-Based Alternatives Have Waited For

Modern Restaurant Management

As Alexia Howard, a senior analyst at the investment research group AllianceBernstein recently told The New York Times: “We were saying [in mid-2019] that by 2030, Beyond Meat could have $1billion in sales; now we’re saying by the end of 2020, which is only 18 months later.” In October of 2019, U.S. billion in 2018.