5 takeaways from the ICR Conference
Restaurant companies are bullish on unit development and marketing for 2024, in what is expected to be a return to normalization* (*relatively speaking).
Expect restaurant consumers to get much more value conscious in 2024
Fitch Ratings directors predict ‘flattish’ growth in the restaurant space, while bigger brands are expected to gain market share.
The rise of the drinkable dessert on restaurant menus
The low-commitment items are portable, customizable, and social media friendly
Restaurants finish 2023 on a high note
Data from Master Card shows that restaurant sales were up nearly 8% year-over-year, while traffic also appears to be gaining momentum.
Where does restaurant pricing land in 2024?
We may have reached consumers’ thresholds on menu prices and operators will need to find alternative solutions to offset higher costs to gain back some traffic.
Opportunities rife for sports drinks makers in the Asia-Pacific
With Asia-Pacific emerging as the fastest growing region for sports drinks worldwide, beverage makers are vying to capture a slice of the lucrative market, says Bobby Verghese, Consumer Analyst at GlobalData.
Potong: Transforming a 120-Year-Old Heritage Home Into A Michelin-Starred Restaurant
Award-winning Thai chef Pichaya ‘Pam’ Soontornyanakij’s restaurant is set within her family-owned TCM-dispensary and five-storey home in Bangkok’s Chinatown.
Oikos’ Bags Are A Sustainable Approach To Tackling Plastic Pollution
Oikos from the Philippines addresses the rising demand for eco-friendly alternatives to synthetic plastic bags by producing bio-plastic bags made from cassava and corn.
From Home Kitchen to Multi-Outlet Chain: Kind Kones’ Growth Story
With a presence in Malaysia, and Singapore this Asia-born natural vegan ice cream brand has grown in line with market demands.
5 Chefs Bringing Asian Flair to The Global Fine-Dining Stage
From the high-pressure kitchens of Copenhagen to the innovative plates of Hanoi, these five chefs with Asian roots are reshaping the global gastronomic scene with distinctive flavours and cultural storytelling.
