Top 5 Restaurant Industry Trends For 2017

Top 5 Restaurant Industry Trends For 2017

The ever-changing landscape of the restaurant industry can be challenging to navigate. As the owner of a service-based field, your success is completely dependent on catering to the changing tastes and expectations of both customers and employees. Because of the endless competition in the market, it can be difficult to develop your strategy for attracting competent employees that compliment your brand.

<p>The ever-changing landscape of the restaurant industry can be challenging to navigate. As the owner of a service-based field, your success is completely dependent on catering to the changing tastes and expectations of both customers and employees. Because of the endless competition in the market, it can be difficult to develop your strategy for attracting competent employees that compliment your brand. Here are the top five industry trends you need to look out for in 2017 to stay ahead of the game.</p> <p><a href="https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png"><img data-attachment-id="1186" data-permalink="https://industry-blog.industry.co/top-5-restaurant-industry-trends-for-2017/restaurant-industry-trends/" data-orig-file="https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?fit=1200%2C800&amp;ssl=1" data-orig-size="1200,800" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="restaurant-industry-trends" data-image-description="" data-medium-file="https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?fit=300%2C200&amp;ssl=1" data-large-file="https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?fit=660%2C440&amp;ssl=1" loading="lazy" class="size-large wp-image-1186 aligncenter" src="https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?resize=660%2C440" alt="2017 Restaurant Industry Trends" width="660" height="440" srcset="https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?resize=1024%2C683&amp;ssl=1 1024w, https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?resize=300%2C200&amp;ssl=1 300w, https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?resize=768%2C512&amp;ssl=1 768w, https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?resize=540%2C360&amp;ssl=1 540w, https://i1.wp.com/industry-blog.industry.co/wp-content/uploads/2016/11/Restaurant-Industry-Trends.png?w=1200&amp;ssl=1 1200w" sizes="(max-width: 660px) 100vw, 660px" data-recalc-dims="1" /></a></p> <p style="text-align: center;"><a href="http://www.arleneibarra.com/"><em>Photo by Arlene Ibarra</em></a></p> <div class='tm-tweet-clear'></div> <div class='tm-click-to-tweet'> <div class='tm-ctt-text'><a href='https://twitter.com/share?text=Top+5+Restuarant+Industry+Trends+to+Watch+in+2017&#038;url=https://industry-blog.industry.co/top-5-restaurant-industry-trends-for-2017/' target='_blank'>Top 5 Restuarant Industry Trends to Watch in 2017</a></div> <p><a href='https://twitter.com/share?text=Top+5+Restuarant+Industry+Trends+to+Watch+in+2017&#038;url=https://industry-blog.industry.co/top-5-restaurant-industry-trends-for-2017/' target='_blank' class='tm-ctt-btn'>Click To Tweet</a></p> <div class='tm-ctt-tip'></div> </div> <h2>Organic, Sustainable and Locally Sourced Food</h2> <p>Starting as a grassroots movement, this new trend has been rising in popularity with both restaurants and their patrons over the past couple of years. Customers are in search of <strong>ethically sourced, healthy food options that are not only tasty but align with their values</strong>. If you want to keep attracting the primary group of people dining out &#8212; millennials &#8212; incorporating these elements is going to be increasingly important. Restaurants with their own gardens are also gaining in popularity, and while this can be a high initial cost, it can actually help keep food prices down over time. This change can also make your restaurant more competitive and appeal to a wider range of patrons with a wide variety of expectations.</p> <h2>Rising Labor Costs</h2> <p>The cost of living is at an all-time high in many cities across the nation. Because of these increases, employees are in need of a higher standard wage to simply make ends meet. They also expect to receive a regular, dependable schedule that allows them to budget based on their expected incomes. An estimated<strong> 1 in every 10 Americans currently works in the restaurant industry (14.1 million)</strong>, according to 2016 data from restaurant.org. That number is expected to soar to more than 16.1 million by 2025.</p> <p>With the heated discussion of an increased minimum wage and some restaurants doing away with tipping entirely, eating establishments may be looking at significantly higher labor costs in the near future. Although wages may be increasing, you&#8217;ll still need to decide whether you will pay a higher hourly wage and do away with tips, or maintain minimum wage and allow staff to make up the bulk of their income through gratuities.</p> <h2>Increased Online Presence</h2> <p>With the common use of social media and online rating sites, millennials are shaping the way restaurants are rated. It&#8217;s not unusual for a patron to check in when they arrive at the restaurant, post photos of their meals on Instagram or Snapchat, and write reviews on Yelp or on their personal blogs. If they have something to say about their dining experience, you can bet that it will be accessible everywhere. This can be either a blessing or a curse depending on how they felt about their visit. In addition, the advent of online ordering apps has made restaurant dining even more popular. Recently, even coffee giant Starbucks has jumped on this trending bandwagon.</p> <h2>The Importance of the Experience</h2> <p>The devil is in the details when it comes to how a diner will experience your restaurant. Choosing the right venue to serve your target demographic is the first step in offering a truly unique experience. Your patrons want to feel well-cared-for and even a little pampered when they sit down at a table in your establishment.</p> <p>To stay on the cutting edge of the restaurant business, you need to be offering your clientele something they can&#8217;t get anywhere else. In many cases, this is <strong>well-priced fare with a unique flair</strong>. People expect more from their dining experiences, including excellent service and high-quality meals. Being able to provide these two key elements along with a pleasant atmosphere can go a long way towards driving the customer&#8217;s perception of your establishment.</p> <h2>Catering to the Masses</h2> <p>With more and more people dining out regularly, the ability to meet the expectations of customers is becoming more and more difficult. The days of fast food are quickly dwindling as people demand good, clean food and excellent service. Keeping a solid bottom line while delivering a high-quality product can be a balancing act that some restaurateurs are hesitant to take on. <strong>Think about this, though &#8212; 9 out of 10 Americans enjoy eating out. The projected sales for the end of the 2016 fiscal year will be around $783 billion</strong>. This means it is possible to find that fine balance between profit and delivering a product and experience that meets or exceeds customer expectations.</p> <p>Dining out is no longer looked at as a luxury by many, but as a necessity, so if you can attract the right crowd, despite larger upfront costs, the restaurant industry is poised to continue growing in the coming year.</p>

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