Travel: Five ways consumer travel habits are adapting in tough economic times

Why is this Topic Trending? • Economic Challenges: Global economic struggles, including high inflation and the cost of living crisis, affect discretionary spending. • Shift in Consumer Priorities: Despite financial constraints, consumers continue to value travel, adapting their behaviors to accommodate budget concerns. • Innovation in Travel Planning: Advances in AI and digital tools are…

Restaurants: America has lost its appetite for casual dining chains

Why it is the topic trending: • Bankruptcy filings of major chains: The recent bankruptcy filing of Hooters, following similar filings by Red Lobster, TGI Fridays, and Buca di Beppo in the past year, signals a significant crisis in the casual dining sector, making it a prominent topic of discussion in the business and consumer news….

Beverages: ‘Another tough year’ for alcohol, but growth spots remain

Why it is the topic trending: • Performance Review of a Major Consumer Market: The beverage alcohol market is a significant part of the global economy, and its performance in 2024, along with forecasts for the future, is of interest to industry professionals, investors, and consumers. • Shift in Consumer Spending Habits: The article highlights changes in…

Restaurants: Low-Cost Three-Course Restaurant Meals

Why is the topic trending? • Affordable Dining Option: Logan’s Roadhouse is explicitly positioning its new “Real Deal Meal” as an affordable alternative to increasingly expensive fast-food combo meals, a topic of concern for many consumers. • Competitive Pricing Strategy: The meal is priced at $11.99, which is below the reported $15 average for many fast-food combos,…

Restaurants: Starbucks’ new free refill perk triples customer traffic in stores

Why it is the topic trending: • Significant Increase in Customer Traffic: The headline finding that Starbucks’ new policy has tripled the number of customers staying in stores is a dramatic and noteworthy outcome, immediately capturing attention. • Successful Implementation of a New Strategy: Starbucks intentionally implemented this policy as part of a broader rebranding effort to…

Restaurants: McDonald’s brings a foreign fan-favorite to U.S. consumers

Large sized burgers The consumer desire for value often translates to wanting more substantial portions for their money. • Consumer Demand for Value: As highlighted in the article about McDonald’s bringing the Big Arch to the US, there is a clear consumer demand for value, and size is often a component of that perceived value in…

Insight of the Day: The weird economy has finally come for travel — just in time to screw up your summer plans

Why the Topic is Trending: Travel demand, previously booming post-pandemic, is slowing due to rising economic uncertainty, consumer debt, and shifts in spending priorities, significantly impacting summer travel plans.Overview: Consumers are adjusting their travel behavior amidst growing economic anxiety, opting for local, regional, or more budget-friendly options rather than expensive international trips, signaling potential opportunities…

Insight of the Day: Bucking trend, McDonald’s vows no egg surcharges as it preps $1 Egg McMuffin Day

Why are restaurants adding egg surcharges?  The primary reason is to cope with the increased cost of buying eggs. When egg prices rise dramatically due to shortages (often caused by factors like disease outbreaks in poultry farms), restaurants face higher ingredient costs. To maintain their profit margins and avoid losing money on egg-containing dishes, they may temporarily add…

Insight of the Day: Do people trust Temu or Amazon? What shoppers are choosing amid Trump tariffs

Why It’s Trending: Consumers are increasingly price-conscious, often choosing lower-cost options despite trust issues, especially amidst tariff concerns. The comparison between Amazon and Temu highlights this trend.Overview: A study by Omnisend reveals that while consumers trust Amazon more than Temu, price remains a significant factor in their purchasing decisions. The potential impact of U.S. tariffs on pricing…

Insight of the Day: More adults are ordering from McDonald’s kids menu. Blame inflation

Why is this Topic Trending?The rising cost of living, driven by inflation, is reshaping how consumers spend on food, with many opting for more affordable meal options. Adults increasingly order from McDonald’s kids’ menu as a cost-saving strategy while also benefiting from smaller portions that align with health-conscious trends.OverviewFast-food chains are experiencing a shift in consumer…