Restaurants & Food Service Market Analysis

Dated: July 13 2022

Views: 3

Restaurants\Food Service Market Analysis

Q1 2022 Dining out rose 48% compared to same Q1 2021
Short Staffing and Long Wait times negative reviews
rose by 230%
Changes to operating hours, menu options, and
available tables continue to be used to address
these negative reviews
Virtual brands continue to grow and bring significant
savings as well as APPLICATION (APP) popularity
and new customers
Q2 2022 High inflation has diners seeking HIGHER priced
dining options in order to get a better VALUE for
their dining experience
Upscale Casual as well as Fine Dining were the
only markets to achieve significant growth
Growth forecased in EXPERIENCE dining, dinner theater,
supper clubs, and theme cafe’
ON PREMISE dining seems to be holding its own
despite higher costs and lower levels of service
Outdoor dining continues to be very popular
Take out demand remains higher than pre- pandemic
though it has fallen compared to 2020. Take out will
remain a strong factor in most all markets as post pandemic
habits have changed
Stephen Soriano- Director
Weichert Commercial Advisors
Restaurant & Retail Foodservice Specialist
ssoriano@weichert.com
DIRECT| 908 507 9417
OFFICE| 703 726 3909
20135 Lakeview Center Plaza
Suite 100
Ashburn, VA 20147
VA Lic. # 0225257608
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Stephen Soriano

Virginia Realtor with Weichert Loudoun Commercial Advisors.Real Estate advisor to the restaurant and retail food & beverage industries.  Specializing in buying, selling, leasing, expansions &....

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