2022 The Year for Restaurants in Narromine - PowerPoint PPT Presentation

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2022 The Year for Restaurants in Narromine

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Restaurants in Narromine has taken a huge hit due to the Global pandemic and lockdowns. However, strategic measures can help them recover. Know-how. – PowerPoint PPT presentation

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Title: 2022 The Year for Restaurants in Narromine


1
2022 The Year for Restaurants in Narromine
  • More than half of the restaurants in Narromine
    indicated it would take a year or more for
    business conditions to return to normal. Food,
    labour, occupancy and dining expenses in
    Narromine are likely to remain high in 2022. This
    in turn would be putting pressure on the
  • restaurants profit margins. In addition, 96 of
    operators reported supply delays or shortages of
    major food or beverage goods in 2021, and these
    issues are expected to persist in 2022.
  • Other major findings from reports include
    measuring the restaurant industry's sustained
    recovery and examining the state of current and
    upcoming trends across key areas. They include
    technology and off-premises business, operations,
    workforce, cuisine and menus, and more
  • In 2022, the restaurants in Narromine is expected
    to generate 898 billion in business revenue.
  • By the end of 2022, the dining industry is
    expected to add 400,000 jobs, bringing total
    employment to 14.9 million.
  • Fifty-one per cent of adults say they not
    visiting even the best dinner places in
    Narromine no matter how bad they want because of
    the pandemic. This marks a six per cent hike
    from before the outbreak.
  • Help is Still in Demand throughout the Restaurant
    Industry in Narromine

2
  • While the restaurant and food and beverage
    business added 1.7 million jobs in 2021, for a
    total of 14.5 million people at the end of the
    year, many establishments remain severely
    understaffed, which will continue to limit
    industry development in 2022.
  • Despite some increases, seven out of ten dining
    places in Narromine across all major segments
    say their restaurant now lacks enough personnel
    to meet consumer demand. The majority of
    operators expect labour issues to persist into
    next year. The following are some key figures
    from the restaurant industry
  • Approximately half of full-service,
    quick-service, and fast-casual restaurant owners
    in Narromine expect attracting and retaining
    personnel to be their top difficulty in 2022.
  • Between 2023 and 2030, the industry is expected
    to add an average of 200K jobs each year,
    bringing total employment to 16.5 million by
    2030.
  • Seventy-five per cent of the dining joint
    proprietors in Narromine indicated they intend
  • to spend more time and money on employee
    recruitment and retention.
  • Off-Premises Dining in Narromine by Improved
    Technology
  • Restaurants couldn't have handled the volume of
    off-premises demand during the pandemic a few
    years ago. Technological advancements are
    becoming prevalent in this long-term business
    channel.
  • More than eight out of ten operators claim that
    using technology in a restaurant gives them a
    competitive advantage, and a significant number
    planning to increase their technology
    investments this year.
  • In addition to back-of-the-house technology, many
    operators will invest in online or app ordering,
    bookings, mobile payment, and delivery
    management. A huge proportion of customers
    agree, preferring to employ technology where it
    does not detract from hospitality.
  • Consumer demand for alcohol to-go and outdoor
    dining has been strong over the past year, with
    nearly four out of ten consumers responding that
    the availability of outdoor seating would make
    them more inclined to choose one restaurant over
    another identical one. The following are some
    further operational takeaways

3
  • Seventy per cent of Gen Z adults (aged 21 and up)
    and 62 per cent of millennials think that the
    option of offering alcohol with a takeout or
    delivery order would encourage them to pick one
    restaurant over another similar business.
  • On a Final Note
  • Restaurants and their customers have entered a
    'new normal.' The sector is unlikely to ever
    return to its pre-pandemic form, given emerging
    technologies, changing customer behaviour and
    dining tastes, and the tremendous obstacles of
    the last two years.
  • While the rate of recovery differs by sector
    segment, restaurant operators' ongoing innovation
    and sustained adaptability are ushering in a new
    age for the industry. In 2022 and beyond, there
    will be plenty of opportunities for expansion.

Reference https//www.narromineusmc.com.au/2022-t
he-year-for-restaurants-in-narromine/ Narromine
United Services Memorial Club 58 Dandaloo St,
Narromine NSW 2821, Australia 61
268894288 admin_at_usmc.com.au https//www.narromin
eusmc.com.au
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