Amid inflationary headwinds and fluctuating consumer demand, restaurant operators are facing difficult times. What are consumers looking for when they eat out, and what operators are successfully navigating the current climate?
The Food Institute hosted R.J. Hottovy, head of analytical research at Placer.ai, for a one-hour presentation on the state of the restaurant industry and insights for its future.
R.J. discussed:
- Differences in foot traffic between industry segments
- Competitive threats from beyond traditional foodservice
- How the “price wars” are impacting quick-service restaurants
- Which operators are best navigating the current climate
- Best practices to close out 2024 and open up 2025
If you missed the live event, you can still access the on-demand version to watch at your convenience!
Sponsored by Placer.ai:
Placer.ai is the most advanced foot traffic analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. It is the first platform that fully empowers professionals in retail, commercial real estate, dining, and more to truly understand and maximize their offline activities with reporting capabilities that include visit trends, True Trade Areas, cannibalization/void analysis, demographics, cross-shopping, and favorite places. To learn more, visit www.placer.ai.
