According to a study released by Oracle Food and Beverage, consumers are hopeful about visiting restaurants again, but these visits might require more efforts from operators.
41% of sales evaporated, valued at $700 million is lost revenue
August 21, 2020
A new study on the impact of the COVID-19 pandemic on craft distillers reveals that 41 percent of their sales evaporated — worth more than $700 million — and 31 percent of their employees have been furloughed. A significant portion of these losses was attributed to the shutdown of on-site sales from tasting rooms and other on-premise sales.
As businesses reopen, digital engagement with consumers will be more important than ever before for keeping restaurants top-of-mind and personalized, experts note.
As bars and restaurants close their doors or move services to drive-up, pick-up or deliver-only in response to the COVID-19 pandemic, the global on-premise food and beverage industry is reeling with the repercussions.
Bar patrons can tip servers thru #AnotherRoundChallenge
March 30, 2020
Campari America, New York, announced a donation of $1 million to Another Round, Another Rally, a nonprofit that raises emergency funds for hospitality workers to support bartenders who are facing economic hardship due to the COVID-19 emergency.
#RaiseYourSpirits provides financial aid and other relief to those impacted by the COVID-19 crisis
March 25, 2020
Bacardi Ltd., Hamilton, Bermuda, launched the hashtag #RaiseYourSpirits, an initiative to support bars and restaurants debilitated by the COVID-19 shutdown.
To keep pace with all things cannibidiol (CBD)-related, medicinal and recreational marijuana clinics are popping up in states where it is legal
February 24, 2020
A new on-premise experience — and fresh from a mid-December Grand Opening — the Ablis Experience CBD lounge inside the Pine Street Marketplace in downtown Portland, Ore.