Restaurants are using menu engineering and restaurant reporting strategies to improve customers’ experience and improve profits. Separate menus for appetizers, entrées/main dishes, desserts, and beverages are giving servers an additional touch point to ask customers to add something to their order. Also, restaurant operators are analyzing customer preferences through data-driven approaches that enable restaurants to offer relevant choices to the customers at each point in the meal.
THE BUSINESS RESEARCH COMPANY EXPECTS THE RESTAURANTS AND MOBILE FOOD SERVICES MARKET TO GROW TO $2 TRILLION BY 2021
Asia Pacific was the largest region in the restaurants and mobile food services market in 2017, accounting for two-fifth of the market share.
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According to The Business Research Company’s Consultant, Nitin Gianchandani, Companies in the restaurant and mobile food service activities market are capitalizing on off-peak demand to reduce downtime and increase revenues. According to the 2015 Restaurant Industry Forecast, there is a receptive audience for off-peak offerings at discounted prices due to financial pressures on consumers. Restaurateurs are trying to fill the off-peak hours with a combination of sophisticated early menus and online booking specials. For example, Black Market Bistro, a no-reservations fine-dining spot in Garrett Park, Md., USA, started taking reservations in the 5:30 to 6:30 hour to fill up early.
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McDonald’s was the largest company in the restaurant and mobile food services market in 2017, with revenues of $24.6 billion for the financial year 2016. McDonald’s growth strategy involves restructuring its franchised business model as the company plans to re-franchise almost 4000 outlets by 2018, aiming to increase annual savings by $500 million. McDonald’s also seeks to modernize and automate its services.
The restaurants and mobile food services industry provides food services through full service restaurants, limited service restaurants, cafeterias, grill buffets and buffets, and mobile food services.
Restaurants And Mobile Food Services Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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