February 28, 2023 According to Technomic’s latest report, the last quarter of 2022 showed diners are ordering more off the menu, even as menu prices saw an increase of about six percent across the board. Only the kids’ menu category saw a decline in menu counts, finishing off the year with numbers down 2.2 percent overall.
According to the ...Read more about this post
January 19, 2023 Canada’s inflation rate slowed to 6.3 per cent in December (the lowest it’s been since February 2022), with the cost of living declining 0.6 per cent in November and December. According to reports, the reduced rates are directly related to lower gasoline prices, resulting in December’s lowest one-month dip since April 2020. Food prices, however, continue ...Read more about this post
January 12, 2023 Many restaurant chains are still on the path to recovery, continuing to struggle with inflation, supply chain delays, and labour shortages. But for some, 2023 brings the promise of growth and expansion, even amid the possibility of an impending recession. RELATED: 2023 sees food prices rising even higher As we work towards getting back to pre-pandemic ...Read more about this post
January 10, 2023 Building loyalty is an effective way to build your business, so it’s time to prioritize enrolment for your loyalty program. While the exact ratio of loyalty to cheque size is difficult to determine, it’s clear that loyalty members have continued to visit and spend, despite the continued rising inflation. With the average consumer belonging to ...Read more about this post
January 9, 2023 As the foodservice industry continues to move towards a full recovery, restaurants are gearing up for a challenging 2023. Restaurateurs are not especially optimistic, with only 16 per cent expecting profits to increase and 50 per cent preparing to lose money next year. In an effort to boost bottom lines, over 30 per cent have canceled ...Read more about this post
December 19, 2022 Following the last few years of struggling to remain open, pivoting their business models, handling supply chain delays, tackling labour shortages, and managing food inflation, it’s safe to say that many in the foodservice industry are experiencing burnout. Despite adding 74,000 foodservice jobs in the summer of 2022, 65 per cent of operators report still not ...Read more about this post
December 14, 2022 By Kris Edwards Restaurants and bars across Canada are prepping for a busy season in the face of many challenges, from labour shortages to the rising cost of ingredients like lettuce. In June 2022, there were 171,715 job vacancies in the foodservice industry, triple the amount of pre-pandemic levels. As a result, restaurant operators are shifting ...Read more about this post
December 5, 2022 As consumers and restaurants continue to struggle with record-high food prices, there’s no end in sight for Canadians. Even though the Bank of Canada has helped to lessen some of the causes of food inflation, but global factors like gas prices and the value of the Canadian dollar will play a part in what happens ...Read more about this post
November 14, 2022 As consumer habits continue to shift and off-premise dining remains a popular option, desserts and sweet treats are making their way onto more and more takeout orders. According to the 2022 Online Ordering Trends report from Restaurants Canada, this is an ongoing trend, with baked goods taking top spot in the delivery and pickup category for ...Read more about this post
November 7, 2022 As the holidays approach and so does the possibility of a recession, there are mixed reviews on predicted restaurant traffic. Dining in restaurants is on the decline for people with lower incomes. In this year’s second quarter, one of four diners bringing in less than $45,000 per year didn’t eat out at all. That being ...Read more about this post
November 3, 2022 As businesses continue to recover from the pandemic and employees return to work, the demand for restaurant catering is on the rise. According to ezCater, corporate catering booking sales were up 185 per cent last month over January 2022. That looks set to continue through 2023, too, as businesses resume in-person client meetings, book corporate lunches, ...Read more about this post
October 6, 2022 As Canada’s food costs continue to rise with no end in sight and rumours of an impending recession, consumers are looking at ways to best stretch their dollars. In the last 12 months, three out of four Canadians have changed the way they buy food to try and offset the increased costs. The recently released ...Read more about this post
October 5, 2022 The restaurant industry has seen so many changes over the last few years and is in recovery mode, but even with the continuing surge in delivery and takeout, more Canadians are making reservations and visiting restaurants now than ever. In fact, the rebound in indoor dining has been so strong that Canada and the US ...Read more about this post
October 3, 2022 Confronted with labour shortages, inflation, supply-chain stretches, and other operational challenges, restaurants are having to find a variety of ways to adjust their business model to stay attractive to consumers and stay viable within a competitive industry. Many of those changes have come on menus. Toast’s first Voice of the Restaurant Industry survey found that one-third ...Read more about this post
September 28, 2022 We’ve seen many changes to consumer preferences since the pandemic, and beverage demands are the latest addition to this list, driving a shift in restaurant delivery and takeout menus. With the growth of third-party takeout and delivery orders up 63 per cent from pre-pandemic days, this is an important market to consider. Both alcoholic and non-alcoholic ...Read more about this post
