--- layout: default_v3 language: default permalink: restaurant-industry/future-of-the-restaurant-industry.html i18n_link: 3471 updated: 2023-01-11 #--- article key-values ---# collection: default_topiccluster t_keyword: Future Of The Restaurant Industry tags: restaurant industry, restaurant industry trends, restaurant industry future, future of restaurant industry, invest in restaurant industry, restaurant industry failures, restaurant industry statistics type: supporting page_id: 3471 hreflang_id: 3471 parent_id: 6284 date_published: 2021-04-16 date_modified: 2023-01-11 #--- javascript schema ---# javascript_schema: - script: jquery_3_2_0_min - script: bootstrap_min - script: article_infinite_scroll - script: article_mix_infinitescroll - script: article_mix - script: article_mix_faq - script: article_mix_toc #--- section schema ---# section_schema: - section: nav-main_menu - section: article_body_v2 - section: footer - section: schedule_demo_cta #--- page key-values ---# meta_tags: t_meta_title: What is the Future of the Restaurant Industry? 3 Ways to Prepare t_meta_description: The future of the restaurant industry is both revolutionary and exciting. t_meta_abstract: The future of the restaurant industry is both revolutionary and exciting. i_meta_image: article_body: json-ld_article: v_date_published: 2021-04-16 v_date_modified: 2023-01-11 author: p_author_id: 203 t_author: Priyanka Bhadani p_author_url: priyanka-bhadani.html i_author: 203.png t_author_description: Mary Kate Morrow is a writer, editor, and social media professional currently employed as a Digital Content Writer at Altametrics. She previously graduated with both a Bachelors degree in English Language and Literature and a Bachelors degree in Gender Studies from the University of California, Los Angeles. p_author_facebook: //www.facebook.com/HubWorksApp p_author_twitter: https://twitter.com/HubworksApp p_author_linkedin: p_author_instagram: feature_snippet: p_type: text t_title: t_description: content: heading: t_title: What is the Future of the Restaurant Industry? 3 Ways to Prepare t_description: The future of the restaurant industry is both revolutionary and exciting. image: i_image: what-is-the-future-of-the-restaurant-industry-3-ways-to-prepare-1617911341-5930.png t_image_description: fast food first name email address takeout delivery terms service v_image_attribution: //pixabay.com/photos/doors-choices-choose-decision-1767562/ v_image_license: Creative Commons Zero v_video: paragraphs: - t_headline: 3 Ways to Prep for the Future of the Restaurant Industry t_text: The post pandemic future of the restaurant industry is a hot topic in restaurant industry conversations. Restaurant future plans are discussed everywhere from National Restaurant Association press releases and industry experts posting on social media accounts.

As the world transitions into post pandemic life, the restaurant industry faces grim statistics. According to National Restaurant Association studies, over 120,000 United States restaurants are permanently closed. Additionally, the National Restaurant Association recognizes that over 5000,000 restaurants are in economic free fall.

National Restaurant Association surveys also concluded that 90% of full service restaurants recorded declines. The average revenue loss of these full service restaurants was 36%. Understandably, many restaurants feel precarious towards the post pandemic future. One thing is certain, restaurant business professionals must proactively take steps towards future proofing.

Understanding future restaurant predictions benefits restaurant owners from New York fine dining establishments to California ghost kitchen operations. Post pandemic futureproofing will help United States restaurant operators survive the next five years and beyond. 3 ways to prep for the future of the United States restaurant industry include- p_headline_type: h2 image: i_image: t_description: v_attribution: v_license: video: v_video: 8fxYSQis1D4 v_video_language: default t_name: Andrew Zimmern | COVID-19 Effects on The Restaurant Industry & The Future t_description: American culinary expert Andrew Zimmern talks about the impact COVID-19 has had on the restaurant industry. Even where social restrictions have been lifted, many restaurants are concerned about whether they should open at all. The restaurant industry is hamstrung right now- cases are back on the rise almost nationwide, and some hospitals are once again close to being overwhelmed. Restaurants are having to choose between public health and the survival of their business with little to no federal aid or guidance. Most small businesses and independent restaurants will not survive without it. Restaurants need relief; otherwise, coronavirus will have effectively served as an extinction event.Guests- Andrew Zimmern, Award-Winning TV Personality & ChefTell the Senate to Pass Restaurant Relief NOW! //t2m.io/SaveRestaurants~Andrew Zimmern | COVID-19 Effects on The Restaurant Industry & The Future~#saverestaurants #andrewzimmern #COVID19Get the latest restaurant and hospitality insider tips and education on saving your restaurant business in our FREE Virtual Event Platform //t2m.io/VirtualEventsSubscribe on YouTube bit.ly/PBNYoutubeSubscribeFacebook //t2m.io/FoodableFacebookTwitter //t2m.io/FoodableTwitterWant to start your own virtual event or education series? Try our pro-level virtual event services //t2m.io/VirtualServices v_url: //youtu.be/8fxYSQis1D4 i_thumbnail: //i.ytimg.com/vi/8fxYSQis1D4/default.jpg i_thumbnail_1x1: //i.ytimg.com/vi/8fxYSQis1D4/default.jpg i_thumbnail_4x3: //i.ytimg.com/vi/8fxYSQis1D4/mqdefault.jpg i_thumbnail_16x9: //i.ytimg.com/vi/8fxYSQis1D4/sddefault.jpg v_upload_date: 10-29-2020 v_length_minutes: 30 v_length_seconds: 13 v_view_count: 2604 callout_text: - t_headline: 1. Technology t_text: Post pandemic restaurant future operations are highly dependent on increasing technology investments. Many restaurants already use technology in their daily operations. Delivery app online ordering and back house POS system software are a couple of examples of common restaurant business technologies. National Restaurant Association press releases and social media accounts of industry experts are increasingly discussing digital acceleration. As a result, restaurants need to increase digital offerings in order to survive and thrive.

Industry experts and the National Restaurant Association supply technological advice to many United States restaurant industry professionals. Consumer trends for ordering delivery and online ordering are showing no signs of declining. The customer experience is further addressed through strategic restaurant business loyalty programs and social media presence. Whether online ordering from dining rooms to POS system compatible QR codes, the post pandemic restaurant future depends on technology. p_headline_type: h3 image: i_image: 1-technology-1617911342-6219.png t_description: //pixabay.com/photos/doors-choices-choose-open-decision-1767563/ v_attribution: //pixabay.com/photos/doors-choices-choose-open-decision-1767563/ v_license: Creative Commons Zero callout_text: - t_title: Fact- t_text: 40% of restaurant operators reported additional tech solutions implemented which will impact post pandemic restaurant operations significantly.
- t_headline: 2. Delivery t_text: The post pandemic restaurant business will likely have a heavy reliance on food delivery services. Third party delivery services have experienced massive success during the pandemic as was heavily documented by the National Restaurant Association. National Restaurant Association and industry expert research predict post pandemic consumer trends will extend third party food delivery service success.

National Restaurant Association and industry expert opinions also acknowledge the shortcomings of third party food delivery services. 84% of restaurant operators report third party delivery service fees so high that profits are not worth it. These third party delivery apps can swallow up to a shocking 30% of restaurant business profits. As a result, many United States food industry professionals are investigating alternative post pandemic delivery service options. Future restaurants may find that adopting their own food delivery techniques is worthwhile. p_headline_type: h3 image: i_image: 2-delivery-1617911342-6165.png t_description: //pixabay.com/photos/doors-choices-choose-open-decision-1767564/ v_attribution: //pixabay.com/photos/doors-choices-choose-open-decision-1767564/ v_license: Creative Commons Zero callout_text: - t_headline: 3. Wellbeing t_text: The coronavirus pandemic demonstrated the sacredness of human life, with massive casualties in the United States and abroad. A powerful post pandemic reminder that restaurant industry professionals observed is how important wellbeing is. Undoubtedly, the hospitality industry is known for its fast pace. Fast pace and profits never justify ignoring the health and wellbeing of ourselves or others.

Future restaurants are likely to adopt wellbeing and wellness into their restaurant operations. The post pandemic future restaurant industry has an invaluable opportunity to redefine and revolutionize itself. From a co founder to back house drive thru staff, all food service professionals matter and deserve respect.

The drive thru window operators and third party delivery workers that worked through the pandemic are commonly called heroes. While many restaurant operators meaningfully acknowledged this, others did not. Empty verbal acknowledgement through social media or other performative statements is not nearly enough for current or future restaurant workers. The post pandemic future restaurant industry necessitates both action and tangible solutions. p_headline_type: h3 image: i_image: 3-wellbeing-1617911342-9727.png t_description: //pixabay.com/photos/doors-choices-choose-decision-1690423/ v_attribution: //pixabay.com/photos/doors-choices-choose-decision-1690423/ v_license: Creative Commons Zero callout_text: - t_title: Remember- t_text: Consumer trends are also increasingly focused on making sure that restaurant business employees are treated well. - t_headline: Key Takeaways for Restaurant Industry Future t_text: p_headline_type: h2 image: i_image: key-takeaways-for-restaurant-industry-future-1617911564-5915.png t_description: //pixabay.com/photos/doors-choices-choose-open-decision-1767559/ v_attribution: //pixabay.com/photos/doors-choices-choose-open-decision-1767559/ v_license: Creative Commons Zero callout_text: event_body: json-ld_event: t_name: Employee Scheduling for Restaurant Managers t_description: Attendees will learn how create excellent schedules. The class teaches managers how to estimate the number of employees they need to staff their locations; how to accurately forecast their customer demand; how to quickly and accuaratly write and communicate schedules to employees; and how to evaluate the accuracy and optimization of their schedules to make adjustments. v_start_date: 2022-08-08 i_image: p_location_name: Altametrics Online Webinar Course p_address: webinar.hubworks.com?site=altametrics v_price: 10.00 t_offer_description: Priority Registration v_registration_url: webinar.hubworks.com?site=altametrics ---