HRA Global FMCG Consulting & Market Research’s Post

Tip #2 for #FinancialLiteracyMonth: Managing expenses is key!  When shopping, always bring a list to stay focused on essentials and resist impulse buys. Opt for cost-effective alternatives rather than splurging on priciest brands. Cook meals at home to save on dining out costs—wholesome homemade dishes can also benefit both your wallet AND your wellbeing!  Start saving today! #FinanciallyFit #SaveSmart #Inspire #Influence #Impact

Bidfood UK research reveals that value for money will no longer be top of mind for nearly 70% of consumers this Christmas 🎅 Instead, they will be seeking a high-quality offering when eating and drinking out of home this festive season. To support the hospitality industry during this crucial season, Bidfood, our partner supplier and one of the UK’s leading wholesalers, conducted in-depth research on consumer decision-making regarding dining and drinking out during the upcoming Christmas period. Take a look a Bidfood's strategic approach which aims to cater to changing consumer preferences while supporting the hospitality industry's recovery during the busy Christmas season 👇 Read in full here ➡ https://shorturl.at/aD0WK #BidfoodUK #HospitalityIndustry #Festiveofferings

Day 35 of 99 Days to Market Mastery:Festive Season and Food Delivery Surge What’s Cooking? 🎉🍲 I’ve been closely observing the fascinating relationship between festivals and the food delivery market. During festive seasons, the demand for online food delivery services spikes significantly. This pattern provides valuable insights into consumer behavior and the evolving food-tech landscape. Here’s what’s driving this trend: -Convenience Over Tradition: With busy schedules and the convenience of a few taps, many consumers now choose to celebrate with quick orders rather than lengthy preparations. -Seasonal Offers and Discounts: Food delivery platforms offer enticing discounts, curated festive menus, and cashback offers that make ordering out more appealing. -Increasing Market Penetration: As these platforms reach tier 2 and tier 3 cities, we see more people embracing food delivery services, even for festive occasions. -Rise in Disposable Income: With higher disposable income, people are willing to spend more on luxuries like food delivery, adding to the festive spirit without the hassle of cooking. This surge in demand positively impacts the revenue streams of leading food-tech players, making the festive season a crucial time for growth and customer acquisition. The festive spike reflects the potential for food delivery services to tap into traditional dining habits, making them a permanent part of celebrations. #EquityResearch #FoodDelivery #FestiveSeason #ConsumerBehavior #MarketTrends #Finance #QuickCommerce #FoodTech

Buffet revenue often surpasses à la carte revenue due to higher customer volume, fixed pricing, and operational efficiencies. Buffets attract more diners by offering a wide variety of dishes, appealing to diverse tastes. The fixed-price model ensures consistent revenue per guest, while bulk purchasing and reduced labor needs lower operational costs. The perceived value of unlimited food also drives repeat visits, boosting overall revenue. Concept: To enhance profitability, introduce a themed buffet night, such as “World Flavors Weekend,” offering rotating international cuisines. This keeps the buffet experience fresh and encourages repeat visits. Pair this with exclusive à la carte signature dishes available only during buffet hours, allowing upselling opportunities. Marketing Actions: Loyalty Programs: Offer discounts or free buffet passes after a certain number of visits to encourage repeat customers. Social Media Promotions: Leverage social media platforms to promote the themed nights, using eye-catching visuals and limited-time offers to drive traffic. Partnerships: Collaborate with local businesses or events to offer joint promotions, attracting a broader audience. Early Bird Discounts: Provide special pricing for early diners to increase occupancy during off-peak hours, helping to cover breakeven costs early. These strategies can suppress buffet break-even costs and drive restaurant profitability by increasing customer volume and creating additional revenue streams. #RevenueManagement #RestaurantProfit #RevenueStrategy

Feeling the heat on food prices? You're not alone! 92% of consumers think they've been too high for too long. Whether it's grocery shopping or dining out, our wallets feel the burn. Discover more about this hot topic in the latest issue of The Independent. Dive in now via email or our member portal! #FoodPrices #TheIndependent #MoneyMatters #Datassential

Did you know that Black Friday isn't just for retail? Restaurants see a massive boost too! Here are some stats that show how the biggest shopping day of the year impacts the dining industry: ⚡ 72% of Black Friday shoppers dine out. Whether it’s a quick bite or a full-service meal, restaurants become essential pit stops during shopping sprees. ⚡ Restaurant sales increase by up to 9.6% during Black Friday weekend. Consumers need fuel to keep up with the shopping chaos—and restaurants deliver! ⚡ Gift card sales surge by 22% during Black Friday. Diners aren’t just eating; they’re gifting! Fine dining restaurants, in particular, see a significant rise. Black Friday is more than a shopping day—it’s an opportunity for restaurants to shine. #BlackFriday2024 #RestaurantIndustry #DiningTrends #HolidayHustle #FindyourNorthStar

78% of Americans Agree Higher Menu Prices Have Made Dining Out More Challenging This Year, Givex Survey Reveals — MediaContacts.co — Continued #inflation drives consumers to #seek out more #promotions #discounts and #loyalty programs to manage costs associated with #dining out. CHICAGO, May #9 #2024 Givex, the cloud-based #global #customer #engagement and #business insights #platform has released findings from its #latest #survey examining the #impact of inflation on #American dining preferences and #habits The Givex 2024 #Restaurant and Dining #Trends Survey #draws from responses of over #1000 #Americans offering a #detailed look into evolving consumer behaviors as the economic #landscape shifts. "The ongoing economic challenges have understandably altered the way people approach dining out," said Givex's Chief Commercial Officer, Mo Chaar. "Our survey indicates that while price sensitivity has increased, so has the appreciation for value-added services like loyalty programs and promotional offers, which can help restaurants maintain customer engagement during these challenging times." According to the survey, 86% of Americans cite promotions as a major incentive to dine out, closely followed by coupons and discounts at 81%. Additionally, 65% of respondents find value in loyalty programs, and nearly half

78% of Americans Agree Higher Menu Prices Have Made Dining Out More Challenging This Year, Givex Survey Reveals — PRBuzz.co — Continued #inflation drives consumers to #seek out more #promotions #discounts and #loyalty programs to manage costs associated with #dining out. CHICAGO, May #9 #2024 Givex, the cloud-based #global #customer #engagement and #business insights #platform has released findings from its #latest #survey examining the #impact of inflation on #American dining preferences and #habits The Givex 2024 #Restaurant and Dining #Trends Survey #draws from responses of over #1000 #Americans offering a #detailed look into evolving consumer behaviors as the economic #landscape shifts. "The ongoing economic challenges have understandably altered the way people approach dining out," said Givex's Chief Commercial Officer, Mo Chaar. "Our survey indicates that while price sensitivity has increased, so has the appreciation for value-added services like loyalty programs and promotional offers, which can help restaurants maintain customer engagement during these challenging times." According to the survey, 86% of Americans cite promotions as a major incentive to dine out, closely followed by coupons and discounts at 81%. Additionally, 65% of respondents find value in loyalty programs, and nearly half

Across every day part we love ❤️ a bite to eat, but is takeaway Pizza 🍕 still an occasion driver for diners? Are bakeries 🍞 and burger venues 🍔 suffering as many consumers look to healthier options? Cardlytics State of Spend Report April 2024: UK Dining Trends looks to tackle these topics to help brands better understand how consumers are reacting to this extended period of high inflation. Download the full report for the newest insights from +20m customer accounts https://lnkd.in/e8N_ADNs

With the current economic climate, it’s more important than ever for garden centres to make the most of every customer visit. From optimising operations to creating menus that showcase local produce, there are plenty of ways to boost sales and improve efficiency. Here are our top tips to help you maximise revenue and keep your customers coming back: 🌿Leverage a semi-captive audience - Visitors are already interested and ready to spend – make the most of their visit 🌿 Focus on provenance - Offer farm-shop style produce with local, high-quality ingredients to justify higher price points 🌿 Link menu to retail - Encourage customers to try local products in the café, then purchase them from the retail section 🌿 Review & adapt your menu - Assess which dishes perform well and ask customers what they'd like to see. Keep the menu fresh. 🌿Create strategic deals & offers - Set clear objectives for your deals—whether it’s driving repeat purchases, increasing upselling, or boosting slow periods  And finally - Don't forget to maximise on key events. The festive season is approaching and there are opportunities throughout the year too. Mother's Day, Sunday lunches and early bird menus are popular too.