With mostly everybody now vaccinated, people have started moving out freely where they want to explore and such pop-up menus are a great way to get diners to come back to restaurants anticipating something new and interesting.
Touchless technology has emerged as a weapon to win the war against this vicious pandemic. Moreover, the inclination of the people towards contactless payment and their concern for hygiene is going to elevate in the future.
Sixteen percent of operators in the US believe both their sales and traffic will decrease because of vaccine mandates, while 14% believe traffic will increase and 9% believe sales will increase.
Vegan market is expected to grow at a CAGR of 9 per cent in the forecast period of 2021-2026 to reach a value of approximately USD 26.1 billion by 2026.
Edelweiss estimates that while the entire food services market plunged 82 percent year-on-year in the first half of FY21, the contraction that organized fast casual chains such as Domino's, Burger King, McDonald's (West & South) reported was restricted to 45 percent; by September recovery was already at 85 percent of pre-covid levels.
F&B businesses have now trimmed down variable costs and menu offerings basis the 80-20 philosophy to increase revenue per square feet and per crew member ratios within their facilities.
It is also desirable that those who sell food on the streets adhere to basic standards of hygiene, after all, there is nothing romantic about succumbing to disease after indulging in an irresistible street meal.
Online reservation systems, loyalty programs, and targeted marketing solutions provide restaurants with an opportunity to retain customers and provide a safe customer experience.