GUIDE RESOURCE
As 2024 progresses, the restaurant industry is thriving despite facing significant challenges. Rising food and labor costs, coupled with high employee turnover, have prompted many to reassess their strategies. While inflation has resulted in a 10% drop in restaurant spending over the past two years, there’s promising news ahead—industry sales are projected to surpass $1 trillion.Â
With the remainder of the year ahead, effective planning is more crucial than ever. Navigating the current challenges faced by restaurant owners and operators is essential for staying ahead. This guide offers insights from our latest State of the Restaurant Industry survey, drawing on data from nearly 4,000 restaurant locations nationwide. It provides a clear perspective on current challenges and trends, helping you make strategic decisions and steer your business toward success for the rest of the year. Â
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“While recruiting and retaining staff was the top challenge for operators at the beginning of 2024, sales volume has emerged as an equally significant issue…“
Page 7Â |Â 2024’s Top Challenges Now and Going Forward
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