Restaurants nationwide have been banking on collecting big earnings during the summer months, but persistent inflation may reduce diner demand. After robust post pandemic reopenings, diners began to rein in their restaurant visits in May, June and July of last year as higher prices kicked in. While inflation has since eased, food prices remain stubbornly high. About a third of consumers surveyed by Dataessential said they will dine out less over the next month. The industry is at odds with this sentiment, however: Almost half of the restaurants surveyed expect higher sales or more customers this summer.
Source: Jessy Bains, Editor at LinkedIn News