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Market Trends

1738 posts

[[ 4 ]]

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  • 2 min

Hotel recruits psychology student as trainee chef

  • Megan Carley
  • 4 December 2024
🍳 Eleanor Bardon, 21, former psychology student at University of Leeds, shifts career to hospitality by joining English Lakes Hotels Culinary Academy's apprenticeship at Wild Boar Estate near Windermere. The training program partners with Kendal College offering Level 2 Commis Chef and Level 3 Chef de Partie qualifications. Bardon enjoys the team environment and living on the estate's 72-acre woodland, engaging in hiking and photography. English Lakes Hotels is hiring for various positions.
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UK: Outbound travel now boosts economy more than pre-pandemic

  • Automatic
  • 4 December 2024
🏖 UK's overseas travel sector contributed £51.6 billion to the economy in 2024, a 5% increase from £49 billion pre-Covid. The sector supports 818,000 jobs in the UK. Despite recovery, challenges like overtourism persist, requiring new management models, as seen in Majorca. Reported by Abta on Dec 4, 2024.
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How Marriott is redefining loyalty and personalization

  • Automatic
  • 4 December 2024
🏨 Marriott's Bonvoy brand, discussed by Chief Customer Officer Peggy Roe on December 4, 2024, shapes the hotel's identity by connecting travelers with unique experiences, tailored to various life stages. Bonvoy uses first-party data to personalize guest experiences, reflecting a shift in consumer preference towards experiences over accommodations. The result is a diverse portfolio offering homes, villas, and partnerships that cater to individual customer needs.
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Business travel industry’s optimistic plans for 2025

  • Automatic
  • 4 December 2024
🏥 On Dec 4, 2024, the Global Business Travel Association reported 86% satisfaction among business travel buyers and suppliers. Looking to 2025, 67% are optimistic about industry growth, 55% foresee minimal travel restrictions, and 52% of buyers expect higher budgets, a rise from 44% in 2023. 📈
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  • 1 min

The Top 10 Menu Talk episodes of 2024

  • RH Staff
  • 3 December 2024
🍺 Launched in April, Restaurant Hospitality's podcast 'Menu Talk' collaborates with Restaurant Business, featuring weekly episodes with senior editors Bret Thorn and Pat Cobe. Based in New York City, over 30 episodes have aired, discussing foodie adventures, industry events like Menu Directions and the James Beard Awards, and interviewing chefs such as Pepe Moncayo. Listeners can subscribe for new episodes every Tuesday throughout 2025.
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  • 2 min

The Compton Arms Announce New Sought-After Kitchen Residency

  • Megan Carley
  • 3 December 2024
🍽 Rake, after an incubation at The Gun in Hackney, starts a long-term residency at The Compton Arms, Highbury on January 9, 2025. Three chefs with 30 years combined experience, formerly of Quo Vadis and BRAT, focus on British cookery, whole beast butchery, and sustainable Cornish fish. The menu features British classics with a twist like the braised squid beef and ale pie. On Arsenal match days, a Cumberland sausage hotdog is served. Sundays offer roasts with traditional sides and British desserts like Treacle tart.
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  • 3 min

Higher prices aren’t the only reason QSRs are losing traffic

  • saladplate
  • 3 December 2024
💸 Quick-service restaurants (QSRs) have been losing traffic for over a year due to high menu prices, with inflation in the limited-service sector outpacing the general Consumer Price Index. The 2024 QSR Reputation Ranking by Chatmeter shows customer service issues on the rise: mistakes in orders (+7%), negative staff attitudes (+22%), and manager behavior (+15%). Slow service complaints increased by 8.5%, particularly from digital customers, with "online" mentioned in 24.5% of reviews and "mobile" in 52%. Despite a 19% increase in customer service complaints, pricing issues are still significant, with "overpriced" mentions up by 43% year-over-year. Chick-fil-A leads in overall reputation, followed by Carl’s Jr., Hardee’s, and Arby’s, while KFC, Pizza Hut, Papa Johns, Jimmy John’s, and Subway rank lowest out of 25. Chatmeter analyzed Google Reviews of 100 locations per restaurant using AI sentiment analysis.
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  • 2 min

Restaurant concepts are driving shopping malls’ comeback

  • saladplate
  • 3 December 2024
🍝 Mall visits, including indoor malls, open-air shopping centers, and outlet malls, are on the rise, with Q1 2024 visits to open-air centers surpassing 2019 levels for the first time post-pandemic. Data from Yelp shows a 7% growth in restaurant concepts in malls from 2019 to 2024, with bubble tea store numbers shooting up by 113%. Top mall food brands by consumer interest include Cheesecake Factory, Din Tai Fung, and BJ’s Restaurant and Brewhouse. Other growing food categories are waffles (up 77%), vegan food (54%), and Filipino food (36%).
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  • 1 min

CoStar: Thanksgiving Calendar Shift Positively Impacts U.S. Hotel Performance

  • LODGING Staff
  • 2 December 2024
🏨 In the week of November 17-23, 2024, the U.S. hotel industry witnessed an occupancy increase of 20.7% to 59.7%, ADR rose by 8.6% to $150.49, and RevPAR grew by 31.1% to $89.80, year-over-year, partly due to a calendar shift of Thanksgiving. Seattle led with a 62.9% occupancy increase, while Chicago saw the largest ADR and RevPAR increases, 43.8% ($181.36) and 113.7% ($127.91) respectively. Only Oahu experienced a RevPAR decline of 22.7% to $176.10.
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  • 5 min

Gluten-free, high-protein dosas are growing in popularity on restaurant menus

  • Bret Thorn
  • 2 December 2024
🥘 Chef Jay Kumar of Lore in Brooklyn, N.Y., creates classic dosas made from a fermented rice and lentil batter with fenugreek, offering a vegan, gluten-free, high-protein meal. Dosas, with a 15% increase on appetizer menus, are on nearly 1% of menus. Lore serves masala dosas and uttapam with a Swiss-inspired mushroom ragout. Tapori, opening in Washington D.C. in January, will feature dosas with innovative fillings like spiced potato and cheese, and curried crab. Dosas are now popular in both South and North India and in Pakistan.
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