MRM Research Roundup: Price Wars, Influencer Impact and No-Show Fees

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features news of LTO impact, influencer impact and no-show fees.Adjusting PrioritiesRestaurant365 released findings from its midyear industry survey. Restaurant leaders representing nearly 3,700 QSR, fast casual, casual dining, and fine dining locations shared 2024’s top challenges and opportunities alongside plans for investment in back-of-house technology, increased sales, and team training, benefits, and support. 

2024 By the Numbers

Participants reported continued food and labor cost increases with slight shifts compared to the end of 2023. So far this year, 80 percent said labor costs increased, with 64 percent noting it at 1 percent to 5 percent. Those totals are down from the end of 2023 when 89 percent said labor costs increased, with 54 percent reporting 1 percent to 5 percent. Meanwhile, 80 percent of operators said food costs are up, with 51 percent saying 1 percent to 5 percent and 40…