Distinguished Blog - Restaurants

Market insights and industry news.

A Closer Look…Restaurants Edition

The restaurant sector, no doubt, has been through a lot in the last 18 months. But recent statistics show that through July 2021 the industry has had steady growth each month since February, with sales volume reaching close to pre-pandemic levels. Although it’s still unclear how the delta variant will impact the industry, we’ve seen…

Read More...

In-House Delivery versus Third-Party Services? Which Is Better for Restaurants

For restaurants looking to remain competitive in their industry, it has become nearly impossible to operate without offering some sort of delivery service. In fact, one report by L.E.K. Consulting predicts that restaurant delivery sales will grow at more than three times the rate of dine-in revenue between now and 2023 — and that was…

Read More...

Why It’s Harder to Insure New Restaurant Ventures

COVID-19 ushered in a whole host of changes in the restaurant industry, including several innovations, such as ghost kitchens, and now start-ups from those who see new opportunities on the heels of the pandemic. In underwriting a restaurant account, it’s important to note that one of the foundational blocks in the process is looking at…

Read More...

No Jackets Required: How Fine Dining Is Changing

Fine dining brings together great cuisine, hand-selected wines, and white-glove service for a personalized experience and a fun night out. It also requires a certain dress code that is steeped in tradition. Men typically wear sports jackets; women may wear a dress, a skirt, or a slacks-and-blouse ensemble. In some places, formal jackets and ties…

Read More...

Inside the Restaurant Industry Labor Shortage

Guest sentiment on eating out is turning a corner. While patrons are returning to restaurants in almost pre-pandemic levels, staff are not. Consequently, restaurant owners across the United States are struggling to find the employees to meet the new customer demand — a problem that the Bureau of Labor says will hold back economic recovery.

Read More...

Managing Modern Threats with Deadly Weapons Protection

Deadly Weapon attacks have become far too common in America, with shootings making the headlines almost every week. People intent on inflicting harm, however, are not limited to guns. Those who want to cause violence will, and they will use everyday items such as knives and vehicles to achieve their ends. Unlike other risks facing…

Read More...

Make that Reservation, Restaurants Are Back!

After an extremely tough year for the restaurant industry amid the pandemic, the road to recovery has been quicker than expected as life normalizes and cities and counties across the country are reopening. Sure, in places across the country full capacity at restaurants is just beginning (while others are already operating business as usual) and…

Read More...

The Rise of Ghost Kitchens

Ghost kitchens, also known as virtual restaurants; cloud, commissary, or shared kitchens; and delivery-only, shadow, and dark kitchens, are the restaurant industry’s newest attempt to feed into the ever-growing on-demand consumer culture. Don’t let the spooky name fool you, these kitchens are simply delivery-only restaurants that utilize third-party apps such as DoorDash, Grubhub, Postmates, and Uber…

Read More...

Good News for Restaurants

According to the National Restaurant Association, over 17% of restaurants closed permanently or long-term in 2020, leaving millions of food service workers out of a job and the industry in tatters. After a year of chaos and uncertainty, the light at the end of the tunnel is finally in sight. Vaccines are being distributed across…

Read More...

What the Vaccine Means for Restaurants

Since the early months of the pandemic, restaurant employees have been deemed “essential.” While most Americans were working from home, those in the foodservice industry have clocked into work, as usual, interacting with countless strangers and risking exposing themselves to coronavirus. Despite volunteering their safety for the sake of economic and cultural preservation, the rollout…

Read More...

Can Restaurants Use CBD?

If it feels like you are seeing CBD everywhere, it is because you are. From cookies and desserts to lattes and cocktails, and anything in between, incorporating CBD into menus is a hot new thing. With CBD at the intersection of three rapidly growing consumer trends — the anxiety economy, the cannabis industry, and the…

Read More...