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Restaurant News Roundup, 05/17/2021

As COVID-19 restrictions loosen, restaurants continue to experience staff shortages despite offers of increased pay.  Read more here: https://abcnews.go.com/Business/restaurants-hard-time-finding-staff-now/story?id=77562018   KFC wants to fill 20,000 full and part-time positions across the nation.  Read more here: https://www.cnbc.com/2021/05/05/kfc-looks-to-hire-20000-workers-as-restaurant-industry-faces-labor-crunch.html   Latest SBA data shows the agency has received almost 147,000 applications requesting a […]

Latest Restaurant News May 17, 2021

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Restaurant News Roundup, 04/08/2021

Restaurant owners struggle to ramp back up as sales rebound because they can’t hire enough employees, even though an estimated 1.8 million restaurant were displaced by the pandemic crisis.  Read more about the restaurant labor crunch here: https://www.restaurantbusinessonline.com/workforce/restaurants-sales-are-returning-not-necessarily-their-workers   As the industry slowly recovers in South Florida, many hospitality workers […]

Latest Restaurant News April 8, 2021

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2021 Restaurant Industry Salary Report

CLICK HERE FOR THE FULL 2021 RESTAURANT INDUSTRY SALARY REPORT Each year RestaurantZone is committed to giving its clientele an annual salary review, a quick reference guide of salaries being paid across the US restaurant industry. We are thrilled to furnish our 2021 Restaurant Industry Salary Report figures! Our clients […]

Business Posts April 1, 2021

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Restaurant News Roundup, 03/13/2021

In addition to the almost $29 billion in direct aid to restaurants in the COVID relief bill signed into law by President Biden, there are other additional provisions that will help the industry.  Find out more here: https://www.restaurantbusinessonline.com/financing/4-additional-breaks-restaurants-covid-recovery-bill   While the Great Recession is said to have given rise to […]

Latest Restaurant News March 13, 2021

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Restaurant News Roundup, 01/25/2021

Higher labor costs, more direct COVID-19 relief, and immigration reform are some of the policies the restaurant industry can expect from the Biden administration.  Details here: https://www.restaurantbusinessonline.com/leadership/what-restaurants-can-expect-under-biden   Restaurant industry workers are worried about losing tip credit if Biden proposal for $15 minimum wage goes into effect. Read more here: […]

Latest Restaurant News January 25, 2021

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Restaurant News Roundup, 01/04/2021

Despite devastating COVID-19 impact on the restaurant industry, some positive signs for 2021 – including huge pent-up demand for eating out once the virus is under control.  Read more here on the outlook and analysis for 2021:  https://www.forbes.com/sites/aliciakelso/2021/12/30/what-does-the-restaurant-industry-look-like-in-2021-and-beyond/?sh=7fe7bfa826a4   Food writers, chefs, restaurant owners make 2021 predictions for the beleaguered […]

Latest Restaurant News January 4, 2021

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Restaurant News Roundup, 12/13/2020

An estimated 17% of the restaurants in the U.S. have closed permanently this year because of the impact of the coronavirus pandemic, according to the National Restaurant Association.  Read more here: https://www.cnn.com/2020/12/08/business/restaurant-closures-coronavirus/index.html   New York’s 21 Club – which for 90 years hosted presidents and other luminaries  – has shut […]

Latest Restaurant News December 13, 2020

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Hospitality Leadership COVID-19

Restaurant & Hospitality Industry 2020 Observations & Preparing for 2021

During this year,  I’ve had numerous conversations with more than 75+ restaurant & hospitality owners & executives, ranging from all concepts and sizes. It’s been a privilege to have such deep, connected, frank and fascinating conversations given these unprecedented times. So I’d like to unveil some of the key takeaways […]

Business Posts December 1, 2020

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Restaurant News Roundup, 11/22/2020

Despite restaurant owners clamoring for more federal aid to help offset the impact of the pandemic, no aid seems to be forthcoming. Chances of another round of the Paycheck Protection Program are said to be nil, say Washington insiders.  Read more here: https://www.restaurantbusinessonline.com/financing/no-federal-aid-sight-time-around   Chipotle opens its first “digital-only restaurant” […]

Latest Restaurant News November 22, 2020

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Restaurant News Roundup, 11/2/2020

The iconic family dining chain, Friendly’s, has declared bankruptcy after struggling for years.  It will be sold to a company that owns Red Mango, Smoothie Factory and other concepts.  Read more here: https://www.restaurantbusinessonline.com/financing/friendlys-declares-bankruptcy-will-be-sold-owner-red-mango   National Restaurant Association CEO Tom Bené outlines grim prospect for restaurant industry if additional government support.  Read […]

Latest Restaurant News November 2, 2020

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Restaurant News Roundup, 09/28/2020

Le Pain Quotidian, California Pizza Kitchen, Sizzler are among 17 major restaurant chains that have filed for bankruptcy since the start of the pandemic.  Read more here: https://www.restaurantbusinessonline.com/financing/these-restaurant-companies-filed-bankruptcy-during-pandemic   No back to normal for the restaurant industry as the impact of the coronavirus pandemic forces change to the restaurant model.  Read […]

Business Posts September 28, 2020

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Restaurant News Roundup, 08/16/2020

With the National Restaurant Association projecting an overall revenue shortfall of $240 billion for 2020 because of COVID-19, industry executives mull over survival strategies.  Read more here: https://www.forbes.com/sites/hbsworkingknowledge/2020/08/10/restaurant-revolution-how-the-industry-is-fighting-to-stay-alive/#1f7423d7f1eb   Suddenly there are too few restaurants, say some industry executives and analysts, pointing to strong sales at Popeyes, Firehouse Subs and other […]

Latest Restaurant News August 16, 2020

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2020 Restaurant Industry Salary Report - New

2020 Restaurant Industry Salary Report

CLICK HERE FOR THE FULL 2020 RESTAURANT INDUSTRY SALARY REPORT It is our tradition at RestaurantZone to publish each year an annual salary review, a quick reference guide of salaries being paid across the hospitality industry in the U.S. We are delighted that we are able to provide our 2020 […]

Business Posts August 10, 2020

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Restaurant News Roundup, 8/1/2020

California Pizza Kitchen has filed for bankruptcy, blaming the COVID-19 pandemic for its financial problems.  Take-out proved not be a solution for CPK, since 78% of its total sales before the coronavirus lockdown came from in-store dining. Read more here: https://www.cbsnews.com/news/california-pizza-kitchen-bankruptcy-chapter-11/?ftag=CNM-00-10aac3a   Dunkin’ to close in 800 locations across the U.S. […]

Latest Restaurant News August 1, 2020

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Restaurant News Roundup, 7/22/2020

Burger King introduces a Whopper made of “reduced methane emissions beef,” a move aimed at combatting climate change.  Read more here: https://www.washingtonpost.com/news/voraciously/wp/2020/07/14/burger-king-wants-to-combat-climate-change-by-helping-its-cows-be-a-little-less-gassy/   Almost 16,000 restaurants have shut down permanently since the coronavirus pandemic hit the U.S. in March.  Read more here: https://www.delish.com/food-news/a33393205/restaurant-closures-yelp-data/   “Ghost Food Halls” might be the […]

Latest Restaurant News July 22, 2020

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Restaurant News Roundup, 06/28/2020

Restaurant chains like Applebee’s and TGI Fridays are highlighting germ-free dining as they try to bring back wary customers.  Read more here : https://www.nytimes.com/2020/06/26/business/restaurant-reopenings-coronavirus.html?searchResultPosition=1   Resurgence of coronavirus cases in Texas, California, Florida and elsewhere pose a threat to the hard-hit restaurant industry.   Read more here:  https://www.restaurantbusinessonline.com/financing/growing-coronavirus-cases-pose-big-threat-restaurants-recovery   Open […]

Latest Restaurant News June 28, 2020

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Restaurant News Roundup, 6/5/2020

New federal employment figures show the restaurant industry brought back almost 1.4 million workers last month, an indication that more people are eating out again following the coronavirus lockdown.  Read more here: https://www.restaurantbusinessonline.com/financing/restaurants-rehired-nearly-14m-workers-last-month   Papa John’s franchises are staffing up following announcement the chain plans to hire 20,000 workers nationwide. […]

Latest Restaurant News June 5, 2020

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