The city of nawabs is now more than kabab and kormas, curries and biryani, and one can now indulge in Mexican, Spanish, English and Asian cuisines, among others.
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.
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.
Higher operational costs derive from saving money on low-cost infrastructure. It takes about six to seven months for a new brand to break even, excluding capital costs.
It's a great concept in a lot of ways, for instance, it takes down the cost of hosting a party or an event down drastically, a lot of times this also means no license is needed, and for the event audience, they don't have to buy unnecessarily expensive booze.
Online reservation systems, loyalty programs, and targeted marketing solutions provide restaurants with an opportunity to retain customers and provide a safe customer experience.
While restaurant sales were down as much as 50 percent or higher for some limited-service brands, many found an opportunity to flex their well-developed off-premises muscles as a way to stay afloat.
The pandemic has encouraged customers to order in which has made the concept of takeaways and driveways become very popular. Utilizing this to full potential, brands also initiated takeaway discounts helping with more orders while also saving us from aggregator margins.
On an average, food courts contribute almost 8-10 percent of the total mall revenue and in the case of malls with great offerings in their food courts, this number can even go as high as 15 percent.