Signs of economic recovery seen in the restaurant industry
The financial health of the nation’s restaurant industry is improving, according to statistics from the StarChefs.com Salary Survey. Executive chefs made 6.1 percent more in 2009 compared to 2008. And pastry chefs enjoyed a pay increase of 5.7 percent in the same time period.
Consumers “go gourmet” in spite of recession
Purchasers of gourmet food products may make some concessions to stay within budget, but they are not wiling to compromise on sophisticated taste—they are merely finding more wallet-friendly ways to indulge. That was the major finding reported in Packaged Facts’ Gourmet, Specialty and Premium Foods, Beverages and Consumer Trends in the U.S., 8th Edition.
Happy Hours have become a fourth daypart in many establishments, boosting food and beverage sales during the slower late afternoon-early evening time slot. With competition for Happy Hour customers heating up, Technomic's American Express MarketBriefing looks at the the factors that bring in traffic and keep guests happy.