8.0 Restaurant Trends Demographics Demographics are current statistical characteristics of a population. These types of data are used widely in sociology‚ public policy‚ and marketing. Commonly examined demographics include gender‚ race‚ age‚ disabilities‚ mobility‚ home ownership‚ employment status‚ and even location. Demographics changes will significantly affect restaurant design‚ as aging boomers enter an era of changing physical abilities and their offspring‚ alternately called the echo
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Demographic Trend The demographic trends that will have an influential impact on the needs of human services in the future will be growth and change in the populations of seniors. Person 65 and over is expected to double in size within the next 25 years in the United States population. According the (U.S. Census Bureau‚ 2009)‚ Hispanic older adults is likely to go from 2.2 million in 2004 to over 15 million by 2050. It is expected to be the largest minority amongst older people by 2028. Some
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Global Demographic Trend Demographic changes in the United States‚ China‚ or the world have major implications for investment. The world population today is growing faster than ever according the US Census Bureau; the world population was about 7 billion at the end of 2010. The number was more than double of 50 years ago. The total population is expected to reach 9 million by 2025. As world population continues to increase in a large number‚ the aging population will keep increasing
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Secondly‚ open the McCafe network separate from the traditional McDonald’s restaurants. McDonald’s efforts at a strategic turnaround have so far focused on its core burger and fries concept‚ but the company is now placing some energy behind improving McCafé. Specifically‚ McDonald’s is looking for ways to compete more directly with premium coffee shops in major coffee shop markets like the UK and Australia. The company has been experimenting with ways to position itself as not just a price and convenience
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Singapore Airlines is one of the key players globally within the airline industry. It has employed a set of core strategies which seek to combine excellent customer service with high rates of profitability. Using the SWOT analysis tool defined by Jobber (2001) it is a useful task to look at SIA’s competitive strengths that contribute to increasing shareholders value. As mentioned above the high quality of its customer service is one of the strengths of SIA and its brand image of ‘Singapore Girl’
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ABSTRACT In the contemporary world of today‚ elections have become the most accepted means of changing the government. Although history has shown that it is usually difficult to hold elections that are free and fair. But the importance of a good electoral act cannot be underestimated especially in a developing country like Nigeria where elections were reported to be marred by irregularities by foreign and local observers. It is on this basis that this paper critically observed‚ even with the electoral
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Five Trends in the Restaurant Industry The number one growing trend in the restaurant industry is the idea of fresh‚ healthy meal options. According to the NRA a growing number of consumers are becoming more health conscious‚ and therefore looking better their diets. Restaurant owner have taken note of this and are trying to provide a healthy selection of food for its consumers. In fact forty percent of restaurant owners had budgeted more spending in 2010 compared to 2009. They are willing to
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In Andrew Cherlin’s “Demographic Trends in the United States: A Review of Research in the 2000s”‚ there are various topics discussed regarding why the structure of family life is changing. The topics that were used for research were Marriage‚ Divorce‚ Fertility‚ Cohabitation‚ Same-sex unions‚ Children’s living arrangements‚ living apart together‚ early adulthood‚ immigration‚ and aging. Throughout the years there have been obvious changes in the previously presented topics that would lead to different
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Seasonality of the Restaurant Industry: Friend or Foe? The restaurant industry can be a fickle friend. Business trends directly with the economy and is linked with a dizzying amount of other factors‚ enough to make any manager go crazy. Yet at the same time the industry is lucrative and therefore enticing. The industry has been a contributing factor in the slow recovery from economic recession and is showing growth in sales (Stensson‚ 2011). Specifically‚ the fast food industry if projected
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TRENDS THAT AFFECT THE RESTAURANT BUSINESS A number of megatrends have been identified by Datamonitor‚ a global market analysis firm. These trends concern behavioral changes and shifting spending patterns in such areas as convenience‚ health issues‚ age complexity‚ gender complexity‚ life-stage complexity‚ income complexity‚ individualism‚ sensory needs‚ comfort needs‚ and connectivity. It is important for restaurant owners to be aware of such trends and to consider their potential impact on operations
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