Catering to Families: The Untapped Potential in the Restaurant Industry
3 Min Read By Jana Zschieschang
As the restaurant industry faces multifaceted challenges, ranging from new minimum wage laws to reputational hurdles, a new hero has emerged: families with children.
Despite a general decline in dining frequency, families have shown resilience and an increased appetite for dining out, according to Revenue Management Solutions' Q1 Consumer Survey, “Dining Dynamics in 2024: The Shifting Landscape of Consumer Tastes.”
The survey's insights offer a glimmer of hope for an industry in search of sustainable growth strategies. While 38 percent of the survey’s 1,600 respondents report spending less on dining out—with plans to continue curbing spending across all channels—families are bucking the trend by ordering from restaurants more frequently and in larger quantities.
Families Are Making Diverse ChoicesFamilies are also open to all dining segments and channels. While they crave the value of QSR – 34 percent of families reporting higher spending at QSRs this month…
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