According to the recent Restaurant Industry Snapshot, restaurant sales have fallen to their second lowest mark in five years. What’s even worse is that overall traffic was down by 4.1 percent. Victor Fernandez, the executive director of Insights and Knowledge at TDn2K claims that some of this grim news can be attributed to Hurricanes Harvey and Irma, which affected two of the U.S.’s largest economies during the reported quarter. While sales are still declining each year, the rate at which they are falling has slowed. Because of rebuilding efforts in Texas and Florida, third and fourth quarter reports are expected to be better.

Key Takeaways:

  • Weekly sales from the recent Restaurant Industry Snapshot indicated the second greatest slowdown in years.
  • Catastrophic weather events have greatly affected restaurant sales, though sales are expected to improve.
  • Restaurant sales should improve somewhat, though they aren’t expected to grow at an extremely high rate.

“Fine dining, which was showing positive for most of the year, has declined since August.”

Read more: https://www.qsrmagazine.com/news/restaurant-sales-fall-2nd-worst-mark-5-years

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Offering better value meals isn’t always the way to turn an operational profit. Sonic had a surge of sales when offing a new meal bundle last year but the results were not long lasting. Sonic intends now to offer bundles that are specific to the brand in a hope that customer loyalty will be a new driver. They are looking to encourage interest by focusing on branded food items and even shift into a new healthier perception of their items. Management also feels that they can utilize consumer interest such as the shift away from sodas, as a focus point.

Read more: Sonic Seeks More Differentiated Value Promotions

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Bon Me started as a food truck for a competition in Boston seven years ago. It has since grown to 17 locations including trucks, carts and brick and mortar stores. The restaurant is rooted in Asian cuisine, but has the unique spin of the chef on the dishes. The signature meal is the Bon Me sandwich which is there take of the Vietnamese Banh Mi. The rest of the menu includes rice bowls, noodle bowls and various protein choices.

Read more: Fast Casual Bon Me is One to Watch

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The future of food is not going to become over simplified as some would think, in our fast paced world. On a panel held at The Next Big Bite: How We Will Eat & Drink by LDNY upcoming trends in our eating habits and experiences was the main focus. The panel discussed how in restaurants the focus will be on having happier staff and telling people where there foods come from. The panel also brought up how there will be more cooking, which will teach children to have a healthy future. The future of food will be more about the experience of eating and cooking rather than the convenience we seek for today.

Key Takeaways:

  • A panel of food industry insiders came together to partake in The Next Big Bite:How We Will Eat & Drink.
  • Well-known panelists discussed food trends and the future of food at the NYC event.
  • A focus on plants (instead of meats), unique new foods from the ocean, and Croatian wines were among the newest food trends.

“Culinary leaders will use the untapped resources of the ocean to introduce new foods and species to consumers, all with sustainability in mind.”

Read more: http://www.restaurantnews.com/the-future-of-food-revealed-at-the-next-big-bite-2017/

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