CGA by NIQ’s Post

December is a pivotal time for Australia’s foodservice industry, with alcohol sales at restaurants, bars, and cafes surging to nearly $550 million. This remarkable trend underscores the cultural significance of dining out with drinks during the festive season. Craft beers, festive cocktails, and summer wines dominate the menu, reflecting evolving consumer preferences. For foodservice operators, this represents a unique opportunity to elevate offerings, highlight seasonal pairings, and craft experiences that resonate with customers seeking celebration and connection. The challenge? Capturing this demand with creativity and consistency. The reward? Cementing loyalty and driving growth in one of the most dynamic periods of the year. How are you innovating to make the most of this holiday trend? #FoodserviceInsights #HolidayTrends #ThoughtLeadership #AustralianDiningCulture #SeasonalOpportunities

How do consumers actively choose premium drinks? I rarely drink cocktails these days, but when I do it is almost always at the start of a 'fancy' meal. This little treat adds to the occasion, uplifting the feel to something special and facilitating my desire for trial. When we got the results back from our latest PULSE+ report for Australia (a monthly tracker of On Premise behaviours), I noticed how much the insights aligned with my own habits: 🍸 Consumers are most likely to 'category switch' when they are actively premiumising their drink choice (44% vs 38% sticking in category and switching brands. (in my case choosing cocktails instead of beer) 🍽️ Consumers state they are most likely to choose premium drinks in formal dining restaurants (54%) or special occasions (51%). (in my case choosing cocktails at the start of a higher spend meal visit) With around 50% or 19,000+ of all licensed On Premise venues classified as restaurants, having a WITH FOOD strategy is crucial..... ......whether you are a spirit brand wanting to win the pre/post dinner cocktail occasion, a beer brand looking to grow beyond traditional drink-led occasions or a wine brand looking to optimise your offerings for the modern-day restaurant goer. #onpremise #restaurants #bars #pubs #cocktails

Want to position your #Beer brand as Italy’s favorite #Pizzeria pairing? 🍕🍺 Pizzerias reign supreme in the heart of Italy's culinary landscape, with almost three quarters of the consumers frequenting them over bars and restaurants. For beverage brands, especially beer, this presents an amazing opportunity! To effectively thrive in this dynamic market, beverage brands must adopt a multifaceted approach—emphasizing local beer preferences, strategically targeting high-potential outlets, and leveraging bar staff influence, among others. So, are you ready to conquer Italian On Premise, one Pizzeria at a time? Read more: https://lnkd.in/gvbcKKyM #CGAbyNIQ #OnPremise #HoReCa #Birra #Italy #beercategory #ConsumerInsights #MarketTrends #bartender #hospitality #BeverageIndustry

Why is staff training so important? A more prepared staff drives revenue. Alcoholic beverage sales are a pivotal revenue stream, often yielding higher profit margins compared to food sales. Establishments like bars, hotels, and restaurants can significantly boost their profitability by curating a diverse and appealing beverage menu that caters to a wide range of tastes and preferences. This can include offering a selection of craft beers, fine wines, and signature cocktails, possibly paired with food items to enhance the customer experience and encourage higher spending. Strategic pricing, happy hour promotions, and hosting special events such as wine tastings or mixology classes can also drive sales, attract a broader customer base, and create opportunities for upselling. By focusing on quality, variety, and strategic marketing, hospitality businesses can maximize their revenue from alcoholic beverages, making it a crucial component of their overall financial success. www.derekengles.com #wine #education #hospitality #business #learning #innovation #training #wineeducation #growth #connect #management #marketing #fyi #learn

What to drink when you don't want to drink? With the #NoLo trend, drinking habits are changing for the worse, and winemakers, chefs, and trendy bars are rising to the challenge with a wide choice of tempting beverages. Industry professionals embark on an alcohol-free journey steeped in French tradition on Business France's Food & Beverage marketplace 👉 https://lnkd.in/euvTcx-K #NoLoTrend

We recognize the critical role that food vendors play in enhancing the overall experience of an event. With our specialised expertise in managing food vendors, we ensure that every aspect of their participation is seamlessly integrated into the event, enhancing both the guest experience and the company's reputation. Whether it's gourmet cuisine, street food, or speciality beverages, we help curate a diverse selection of vendors that align with the vision. #concessionsmanagement #foodvendormanagement #eventcatering #vendorcoordination #culinaryeventplanning #seamlessservice #foodieexperience #eventlogistics #foodvendorcoordination

The 2024 State of the Restaurant Industry report reveals a rising demand for alcohol beverages, both on-site and off-premises. 🍹Beverages are now a key point of differentiation on menus. 7 in 10 consumers consider alcohol availability when choosing a restaurant. Full-service operators are responding, with 54% planning new mixed cocktail offerings. Craft and local beverages, along with alcohol-to-go options, are popular among younger patrons. Non-alcoholic versions of alcoholic drinks also show promise, with 39% of adult consumers expressing interest. https://hubs.ly/Q02s4hmb0 Explore how NVISION can enhance your brand's visibility by guiding you through the intricacies of distribution channels. https://hubs.ly/Q02s4hFL0 #RestaurantTrends #AlcoholBeverageTrends #MarketingSupplyChain

Specialty Food Association Trendspotter Panel is forecasting what we can expect in the food and beverage landscape by 2025. With insights from 20 culinary experts, they highlight trends like the rise of real sugar and the gourmet home cooking movement. As consumer preferences evolve, so will dining experiences. Stay curious and watch how these trends reshape our plates! What do you see ahead for the food and beverage industry in 2025? #foodtrends #2025foods #specialtyfoods https://brnw.ch/21wOSXQ

Cost Basis Analysis: Food vs. Beverage vs. Alcoholic Drinks 🍽️ 🍔 In the restaurant industry, understanding cost breakdowns is crucial. Here's a comparison for different types of establishments: 🥘 Casual Dining: - Food Costs: 28-32% of revenue - Non-Alcoholic Beverages: 10-15% - Alcoholic Beverages: 20-25% 🍔 Quick Serve: - Food Costs: 20-25% of revenue - Non-Alcoholic Beverages: 5-10% - Alcoholic Beverages: Minimal or 20-25% if served 2024 Industry Challenges: 📉 Customer Traffic Decline: 2-3.5% decrease monthly YoY - Casual Dining faces higher vulnerability while Quick Serve shows better adaptability with lower costs and efficiency. Strategic Recommendations: 1. 📋 Menu Optimization 2. ⚙️ Operational Efficiency 3. 🎁 Customer Retention 4. 📲 Technology Investment 5. 🕒 Flexible Labor Management To overcome these challenges, smart cost management and innovative strategies are key. #RestaurantIndustry #CostManagement #CustomerRetention #2024Trends

🌞 Summer 2024 is finally here, and we're excited about the latest beverage trends in the UK! From classic favourites to innovative new drinks, there’s something for everyone. Make sure to have these on your menu! Get ready for a refreshing summer ahead! 🍹🌞 #InventoryManagement #BusinessSuccess #hospitalitytrends #StocktakingTips #UKHospitality #HospitalityIndustry