Restaurant Industry Report: State of the Industry in 2022

Restaurant operators ended 2021 feeling optimistic. Everyone was looking forward to a post-COVID world. And then 2022 presented a new headline problem — inﬂation.

While operators tried to cope with rising food prices and wage inflation, housing, grocery and gas increases cut into customer confidence. The industry is anxiously awaiting positive signs, but the threat of a Fed-induced recession is on the horizon. As always, though, smart operators and strong brands are positioned to prevail — especially in a world where consumer appreciation for restaurants has grown.

Cristin O’Hara

Restaurant Group Head

Bank of America

With food prices still rising, restaurant operators face a tough environment. But does a leaner post-pandemic industry mean there’s cause for optimism?

6 min read

Ongoing food price inflation and competition for workers mean restaurants are having to pivot once again.

6 minutes read

When it comes to day-to-day financial management, restaurant operators are focused on two things: managing cash and staying on top of fraud.

6 minutes read

Labor shortages are easing and dining rooms are open, but the cost of materials remains in flux. What impact is this uncertainty having on M&A and internal development?

6 minutes read

What’s next for the industry? Will next year offer a return to normalcy? What do falling gas prices and increased consumer appreciation mean for dining out?

6 min read

Download the report

State of the Restaurant Industry 2022

Our 2022 report covers all the critical developments:

Where restaurants are now

Tackling labor and operating costs

Payment complexity and fraud

Franchisees feel the squeeze

What’s next for 2023?

Want to download the report?

Explore more

Digital by Design

Corporate strategies for net zero

Restaurant Group