Category Archives: Fine Dining

Consumers favour fast food over fine dining

Consumers favour fast food over fine dining-Irish Independent

 

Consumers favour fast food over fine dining

5 November 2014

Irish Independent

(c) 2014 Independent Newspapers Ireland Ltd

Aideen Sheehan IRELAND has become a fast food nation, with takeaways and pub grub far more popular than fine dining.

 

A new study by Bord Bia shows that fast food, takeaways and pubs dominate the €6.13bn Irish catering industry.

In fact, we spend €2.38bn or 38pc of our eating-out budget in “quick service” restaurants, and fast food is the fastest-growing sector as customers continue to watch their wallets and look for value options.

By contrast. just 11pc or €687m is spent in full-service restaurants, a Bord Bia conference in Dublin on the food service sector heard yesterday.

And though the decline of Irish pubs has been much lamented, they’re now very popular places to eat, accounting for over €1.5bn or a quarter of all our spending on food away from the home. Many pubs have begun changing their food options to attract diners, by offering more extensive menus and pairing food with wines and other drinks, said Bord Bia specialist Maureen Gahan.

Last week, 34 Irish pubs won accolades in a new Michelin guide for the quality of their food.

Meanwhile, we spend €390m on food in hotels, €283m in workplace canteens and €345m in coffee shops, Growth Coffee has remained an affordable luxury throughout the recession and it attracts a lot of customers in through the door, meaning cafes can boost revenue if they offer attractive food options, said Ms Gahan.

There are now around 10,000 outlets around the country for eating out of the home and the food-service sector has seen moderate growth in 2014 “with a positive outlook expected over the next few years,” she said.

This comes after a period of sharp decline during the recession, and is helped by 10pc growth in tourist numbers.

Bord Bia projected that spending on eating out will rise to €6.5bn by 2017.

The decision to keep the lower 9pc VAT rate in the hospitality sector will help, said Ms Gahan.

The expansion of foreign chains such as Subway, Caffe Nero and JD Wetherspoon would also give opportunities for Irish suppliers.

When it came to fast food there was a growing move towards using mobile technology and having “snackable” menu options, small portions and portable food, while at the fancier end, “food theatre” is also of growing importance as chefs show off their skills in front-ofhouse exhibition cooking. Meanwhile, “fresh is the new healthy” when it comes to international dining-out trends, said David Henkes of Technomic, a US-based market research company.

Instead of focusing on what they can’t have by opting for low-calorie, low-fat foods, consumers are instead choosing fresh, natural, nutritious foods.

http://www.independent.ie/irish-news/health/consumers-favour-fast-food-over-fine-dining-30720136.html

Click here to read the full article in the Irish Independent

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December 11, 2014 · 1:19 PM

Happy days are here again for bars and restaurants

Happy Days

A more optimistic outlook is being reported at the nation’s restaurants and bars, according to restaurant research firm Technomic’s 2012 BarTAB (Trends in Adult Beverage) report.

Sales of spirits, wine and beer in restaurants, bars and other licensed on-premise locations increased 4.9 percent to reach $93.7 billion in 2011 and projections called for continued growth in 2012. While on-premise consumption by volume declined slightly in 2011 (-1.1 percent), it also was expected to grow in 2012. On-premise consumption accounts for one-quarter of total adult beverage volume and slightly less than half of the total dollars spent on spirits, wine and beer. Continue reading

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Filed under Alcohol, Bar, Beer, Casual Dining, Dave Henkes, Fast Casual, Fine Dining, Hotels, Liquor, lounge, nightclub, Spirits, Wine

Technomic Finds Drink Sales and Volume Tracking Positively at the Bar

TAB

BarTAB (Trends in Adult Beverage) reveals the trends in on-premise segments

Adult beverage sales at the bar are growing in dollars and volume despite the rocky economic environment, according to Technomic’s 2012 BarTAB (Trends in Adult Beverage) report. Sales of spirits, wine and beer in restaurants, bars and other licensed on-premise locations increased 4.9 percent to reach $93.7 billion in 2011 and projections call for continued growth in 2012. Continue reading

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Filed under Alcohol, Bar, Beer, Casual Dining, Dave Henkes, Fast Casual, Fine Dining, Liquor, lounge, Marketing, nightclub, Press Release, Quick Service, Spirits, Wine

Millennials Driving Adult Beverage Trends

millennials

Technomic report examines consumption, purchase behaviors

Diverse, highly educated, open to new experiences and eager to explore, the Millennial demographic group is already having a significant impact on the adult beverage industry, according to Technomic.

All members of the largest generation since the Baby Boomers will be of legal age to consume alcohol by 2018, and these consumers are already making their mark on the adult beverage industry, driving trends such as craft beer, boutique spirits and sweeter flavor profiles in wine. Continue reading

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Filed under Alcohol, Bar, Beer, Burger, Casual Dining, Coffee/Cafe, Dave Henkes, Fast Casual, Fine Dining, Hotels, Liquor, lounge, nightclub, Quick Service, Spirits, Wine

Watch that wine list: Pricey pours get more popular

Pricey Pours

Watch that wine list: Pricey pours get more popular

Brace yourself for New York prices when it comes to a glass of wine.

Area restaurants are pouring more highly rated and cult wines by the glass near or above $20 per serving. While some dining rooms have begun to offer $20 glasses for the first time, others are expanding their selections beyond a single red and a single white.

The better wine is welcome news for oenophiles, who have been limited to wine bars or the same one or two options to go with their $80 surf and turf. For years, the restaurant industry has held back on offering more upscale glasses for fear of not selling enough and wasting an expensive bottle. Continue reading

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Filed under Alcohol, Dave Henkes, Fine Dining, Press Release, Segment, Wine