INDUSTRY INSIGHTS

Hospitality industry developments that will significantly impact your business

Emily May Kong
Author
9th October, 2023
Last Updated

Share Post

There have been several recent developments in the hospitality industry that are likely to have a significant impact on chefs, restaurant owners, and other foodservice venue owners. In this blog post, we will highlight some of the most important recent developments in the industry, and explain how they are likely to impact your business.

Labour Shortages

Labor shortages are a major challenge for the hospitality industry at the moment. The COVID-19 pandemic forced many restaurants and other venues to close temporarily or reduce their operations, and as a result, many workers left the industry. This has led to increased competition for workers and rising wages.

To address this issue, it is important to be competitive in terms of pay and benefits, and to create a positive work environment that attracts and retains employees. This can include offering flexible schedules, opportunities for career advancement, and training programs.

Sustainability

There is a growing focus on sustainability in the hospitality industry, particularly in relation to food waste and single-use plastics. Many consumers are looking for environmentally responsible options when dining out, and restaurants are responding by adopting more sustainable practices. This includes reducing food waste through composting and recycling, using eco-friendly packaging, and sourcing locally grown and organic ingredients.

Technology

GET STARTED

We’ll help your restaurant thrive

In the changing world of hospitality, our platform is here to grow your business during challenging times.

Delivery Services

Delivery services such as Uber Eats, Grubhub, and DoorDash have become increasingly popular in recent years. This trend accelerated during the pandemic, as more people ordered food for delivery rather than dining out. As a result, many restaurants are now offering delivery as a way to reach more customers.

To take advantage of this trend, it is important to partner with delivery services that are popular in your area, and to optimize your menu offerings for delivery. This could include packaging meals in a way that keeps them fresh during transport, or offering delivery-only specials that are not available in the restaurant.

Changing Consumer Preferences

Finally, consumer preferences are constantly evolving, and restaurants must adapt to these changes in order to remain competitive. For example, there is a growing demand for plant-based and vegan options, as well as healthier and more nutritious meals. Restaurants that are able to cater to these changing preferences are likely to be more successful in the long run.

In conclusion, the hospitality industry is constantly evolving, and keeping up with the latest trends and developments is essential for chefs, restaurant owners, and other foodservice venue owners. By staying informed and adapting your practices accordingly, you can ensure that your business remains successful and competitive.

Share Post

← Back to all Industry Insights