Research

Food & Beverage Report

America’s making reservations 

May 04, 2022
Contributors:
  • Keisha Virtue
  • Ebere Anokute
  • Taylor Coyne
  • James Cook

No segment suffered more than full-service restaurants during the pandemic. Inside dining was restricted or severely limited for months and limited capacity rules severely impacted sales in an industry with already thin margins.

While some restaurants like Ruby Tuesday and Brio Italian were forced into bankruptcy, others pivoted to survive. As we emerge from the worst effects of the pandemic and diners head back to restaurants, we’ll look at how the restaurant industry has evolved over the last two years. 

  • COVID quarantines and subsequent dining-out restrictions caused foot traffic and sales revenue to sink at restaurants. As restrictions loosened, consumers resumed dining in person, particularly outdoors.

  • Labor shortages are especially pronounced in the restaurant industry, due to the arduous work, uncertain pay and poor conditions. These staff shortages are acting as a brake on full dining recovery.

  • The Sunbelt region has seen outstanding recovery rates, particularly for Florida and Texas markets.

  • Restaurants pivot to stay profitable with outdoor dining and takeout and, in some cases, robotic back-of-house and server roles.

  • Consumers are hungry for novel and fun experiences when they dine out. The growing demand for experiential dining is spurring live music, global and chef-driven cuisine and the rebirth of eatertainment.

Download the latest retail research report now to learn more.

Fill out this form to download report

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your inquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.