The Power of Brand: Growing Your Restaurant

On Tuesday November 18th, Food Tech + Connect will be hosting an important workshop on how to grow your restaurant  business using the power of brand development. A business’s brand is what gives it a competitive advantage and what sets it apart to catch the attention of guests, investors and the media. This workshop can be attended by start ups and growing businesses alike and will run from 10AM-5:30 PM; the location is yet to be determined.

The workshop will help attendees learn how to best utilize their brand to strengthen operations, marketing and overall culture by providing excellent insider tips. The start of the workshop will include a discussion with Founder and CEO of Union Square Hospitality Group, Danny Meyer. Another big name in the industry who will be joining the conversation is Richard Coraine, Senior Managing Partner, Business Development and Consulting at Union Square Hospitality Group.

The workshop will also cover how to use your brand in making important business decisions, the difference between growth and scale, and tips for activating the opportunities presented by building a strong brand. To read more about the workshop and to register through the New York State Restaurant Association, click here

Factors Affecting U.S. Restaurants

The restaurant scene is consistently full of evolving trends such as the growth of mobile payments or different flavor profiles. Spicy flavors have been found to be increasingly popular; according to a study by FONA International, consumers have now come to expect a little heat in their dishes. Millenials make up most of this group, perhaps because they have been more widely exposed to Asian and Latin cuisines which have a higher heat level in their dishes. These flavor profiles are also popular in the beverage industry leading craft brewers to experiment with the heat levels in infused spicy beverages such as Aztec coffee, or spiced brown liquor. Also in the beverage industry, spirits are now competing with beer for young adult consumer preferences. A Technomic report showed that these consumers now range beyond beer to include spirits and wine as well which is mostly driven by cost and certain flavor attributes.

Another factor affecting U.S. restaurants is the notion of the governments involvement in food regulations. Food-safety scares and the focus on the nation’s increasing obesity issues have led many Americans to have a shift in their attitude towards the governments role in food. Sullivan Higdon reports that. ’34 percent of consumers believe the government is too involved in food regulation, while 36 percent think it has the right amount of involvement, and 30 percent say the government is too involved in what they eat.’

The mobile app frenzy is also very clearly a factor affecting U.S. restaurants. Restaurants are encouraging diners to download apps before dining to facilitate mobile payment sand exclusive loyalty rewards. Guests with a smartphone are able to pay with their device using mobile wallet or Passbook which stores the guest’s credit card details and payment information. To read more about factors that are affecting U.S. restaurants, click here