New Acosta Report Explores Growing Impact of Inflation on Consumer Dining Habits
“COVID-19 has hit the restaurant industry hard,” said Travis King, President of CORE Foodservice. “While the recovery remains on track for 2024, consumers are feeling the pinch of inflation and reacting accordingly. To continue participating in restaurant business, many are focusing more on costs.”
While just over 50% of consumers consider food quality the top priority when dining out, meal pricing has risen to prominence, especially among fast-casual diners. When it comes to choosing a restaurant, cost is now the second most important factor for fast-casual diners surveyed by Acosta –– a noticeable shift in menu variety in August 2021.
“Consumer priorities are shifting, but interest in restaurants remains stronger than expected in times of inflation,” King said. “This is largely due to pent-up demand resulting from COVID-19 and an increased reliance on foodservice as employees return to the office. A valuable dining experience will be essential to entice food-conscious consumers. costs in the coming months.”
from Acosta The why ? behind dinner report was gathered via online surveys using the company’s exclusive buyer community, conducted in March 2022.
Acosta is an integrated sales and marketing service provider that enables consumer packaged goods brands and retailers to win in the modern marketplace by delivering progressive solutions and exceptional service. With over 90 years of experience, Acosta understands changing consumer needs and helps customers stay ahead of the curve, fueling their accelerated performance. For more information, visit https://www.acosta.com/.
About CORE Foodservice
CORE Foodservice is a reimagined, best-in-class North American agency focused on providing solutions for the new operating environment of the foodservice industry. The union of Acosta, an integrated global sales and marketing services company, and The CORE Group, one of the most progressive foodservice sales agencies, brings together the industry-leading capabilities of Acosta and The CORE Group, creating a strategically resourced organization designed to meet the demands of new customer behaviors and expectations. For more information, please visit https://corefoodservice.com/.