{"id":4437,"date":"2022-07-08T10:39:27","date_gmt":"2022-07-08T14:39:27","guid":{"rendered":"https:\/\/lgcassocprod.wpengine.com\/?p=4437"},"modified":"2024-03-13T07:12:15","modified_gmt":"2024-03-13T11:12:15","slug":"are-chain-restaurants-dying","status":"publish","type":"post","link":"https:\/\/lgcassociates.com\/es\/are-chain-restaurants-dying\/","title":{"rendered":"Are Chain Restaurants Dying? | Hospitality in the News"},"content":{"rendered":"<p><span data-contrast=\"auto\">Every week we comb through the news to find employment trends affecting the hospitality industry so you don\u2019t have to. This week\u2019s Hospitality in the News topic: are chain restaurants dying?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><!--more--><\/p>\n<p><span data-contrast=\"auto\">Throughout the pandemic, we\u2019ve heard a lot about how fast food and quick service restaurants were growing in popularity. Their low contact and inexpensive offerings ticked the necessary boxes during a crucial time. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">But what about sit down chain restaurants, like Olive Garden, Cheesecake Factory, Applebee\u2019s? Are they still a staple on date night or when the family heads out together for a meal? Let\u2019s dive in. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<h5><b><span data-contrast=\"auto\">Are chain restaurants dying?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">An August 2021 <\/span><a href=\"https:\/\/www.ibisworld.com\/industry-statistics\/number-of-businesses\/chain-restaurants-united-states\/#:~:text=There%20are%20107%2C541%20Chain%20Restaurants,increase%20of%201.6%25%20from%202021.\"><span data-contrast=\"none\">report<\/span><\/a><span data-contrast=\"auto\"> shows that there are 107,541 chain restaurants in the U.S. with an annualized growth of 1.6% between 2017 and 2022. With these numbers in mind, we can conclude that chain restaurants aren\u2019t dying \u2013 they seem to be growing. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The model of a chain restaurant revolves around convenient, reasonably priced dining that doesn\u2019t feel like a fast-food restaurant. But as the name implies, being part of a chain often means you must abide by the procedures set by the corporation. This can be regarding menu offerings and decorations all the way to what employees say when they\u2019re attending to guests. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Though there\u2019s nothing inherently wrong with this model, it does seem to contradict what consumers are prioritizing when they dine out: a unique experience. When the LGC team was at the National Restaurant Association Show in May, we heard from numerous people about the importance of the <\/span><a href=\"https:\/\/lgcassociates.com\/es\/national-restaurant-association-show\/\"><span data-contrast=\"none\">guest experience<\/span><\/a><span data-contrast=\"auto\">. When chain restaurants have to relinquish full (if not all) control to corporate, it can be more challenging to create a unique experience that will make\u00a0guests want to return. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Reports show a mixed bag of results in terms of chain restaurant sales. Some report major increases from 2021 while others are reporting decreases after seeing success during the pandemic. So, are chain restaurants dying?<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The answer is no, not for the people who still plan to frequent them. Although it\u2019s not outside the realm of possibility to assume that some will close in the future. For those who are looking for more of a one-of-a-kind experience, there will still be plenty of options to choose from (several hundred thousand to be exact). <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Every week we comb through the news to find employment  [&#8230;]<\/p>\n","protected":false},"author":67,"featured_media":312729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[106],"tags":[682,406],"class_list":["post-4437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chain-restaurants","tag-hospitality-in-the-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Are Chain Restaurants Dying? | Hospitality in the News<\/title>\n<meta name=\"description\" content=\"All the industry news you need to know. 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