Restaurants expect strong sales this summer

As warmer weather typically boosts restaurant sales, the ongoing concerns about inflation are causing diners to hold back for the second consecutive summer, impacting both their confidence and spending capacity.

According to Huy Do, research and insights manager at market research firm Datassential, restaurant operators are still hopeful for increased foot traffic and sales during the summer, CNBC reported.

However, consumers are displaying more hesitancy due to inflationary pressures. Last year, consumers reduced their restaurant visits in May, June, and July as they grappled with rising prices not only at restaurants but also at gas stations and grocery stores.

Restaurants expect strong sales this summer. Consumers aren’t so sure
READ MORE: https://www.cnbc.com/2023/05/29/restaurants-see-strong-summer-sales-while-consumers-fear-inflation.html

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