4. All rights reserved. How the restaurant industry can thrive in the next normal | McKinsey Restaurant industry looks to rebuild in 2021. 75% of restaurant operators reported that recruiting employees was their top challenge as of. Featuring the latest on hot topics ranging from inflation, labor issues, payment and tech innovation, to fighting fraud and more. They should tread carefully. While restaurant employment has grown by 27 percent in the past 12 months, it is still 30 percent smaller than it was in November 2019. Based on a poll of 1,000 consumers, when asked what activities theyre most looking forward to in a post-COVID world, 43% said going out to eat at a restaurant. In November 2021, the restaurant subsector made up 6.1 percent of total private sector employment. 37% of adults said they ordered delivery or takeout instead of dining in a restaurant. 3534 0 obj <> endobj Click here to download the 2021 State of the Restaurant Industry Mid-Year Update, sponsored by Sage Intacct. And then 2022 presented a new headline problem ination. The report confirms 2020 was the most challenging year ever experienced by the restaurant industry. The 2021 State of the Restaurant Industry report is considered the most authoritative source for restaurant industry sales projections and trends. "Faced with one of the most devastating and disruptive events of our lifetime, the restaurant industry has taken significant strides toward rebuilding over the first half of 2021," said Tom Bene, President and CEO of the National Restaurant Association. To view this video, change your analytics/performance cookie settings. Learn More Restaurant Industry 2030 Find out where the restaurant industry is headed over the next decade. The simplicity of these two foods have inspired some establishments to create new concepts and brands to drive revenue. Indian restaurant industry analysis. Indian Restaurant Business Plan Jean has led complex financial and operational transformation programs with a focus on change management to drive adoption and impact for her cli More. What do falling gas prices and increased consumer appreciation mean for dining out? Despite a steady trend of job creation in the first half of the year, eating and drinking places are still nearly 1 million jobs, or 8%, below pre-pandemic employment levels and the restaurants and accommodations sector have one of the highest levels of unfilled job openings of any industry. Theyre comfort food, affordable, travel well, and meet a variety of flavor profiles. What does a modern-day ordering experience look like?
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