restaurant economics
Stories tagged “restaurant economics”
Beef prices climb 9.4% as US menus run out of room
USDA data point to another 9.4% rise in beef and veal prices this year, and operators from Oklahoma to Texas say menus have no room left to absorb the cost.
Star Seafood closes sixth Hong Kong branch in two years
Star Palace's Fanling site has shut, the latest in a run of Hong Kong restaurant closures this year, as rents, labour costs and cheaper meals across the border in Shenzhen squeeze Cantonese dining halls.
OpenTable's Restaurant Impact Report: $138 spent nearby
A new survey finds diners spend an average of $138 at nearby businesses around a restaurant meal, while no-shows still cost operators roughly $80 a table.
US menu price inflation now outpaces wage growth
Food-away-from-home prices rose 3.5% in September while pay grew just 3%, federal data show — even as quick-service traffic fell 2.6% in the third quarter.
Spain restaurant prices rise 4.4% as inflation catches up
Fuel pushed Spain's headline inflation to 4.3%, almost level with menus. Eating out still rises twice as fast as food shopping, and operators say margins are shrinking.
US restaurant menu prices outpace grocery inflation
Full-service meals rose 3.5 percent over the year to August, a point ahead of supermarket food, as BLS data shows the dining-out gap holding firm.
Double Zero closes after 12 years in the East Village
The plant-based pizza and wine bar on Second Avenue shut this month, four months after reopening next door under its original name and its original chef.
UK hospitality closures ran at 20 a day this spring
Britain lost 1,839 licensed sites between March and June. It also gained 1,794. The net figure is almost flat, and that is the part worth arguing about.
What a tasting menu actually costs to put on a table
Eight courses, four people in the kitchen, two in the room. We walked one Amsterdam restaurant through its own numbers, line by line.
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