Restaurants Face Consumer Spending Shifts Amid Inflation

Reported 2 months ago

As inflation continues to impact household budgets, consumers now allocate only 30% of their monthly food spending on restaurants, down from 40% in 2022, according to a Popmenu study. Resy CEO Pablo Rivero highlights that while dining remains a space for connection and unique experiences, restaurants also grapple with challenges like reservation fraud and bot-related no-shows, prompting the industry to invest in technologies to safeguard revenue.

Source: YAHOO

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