Trends
National Apprenticeship Week: Highlighting the Success of LRAEF Apprenticeships
Latest News National Apprenticeship Week: Highlighting the Success of LRAEF Apprenticeships Nov 18, 2024 The Louisiana Restaurant Association Education Foundation (LRAEF) is celebrating National Apprenticeship Week by showcasing the inspiring journeys of apprentices who have thrived in our Restaurant Apprenticeship Program. This initiative connects aspiring hospitality professionals with valuable on-the-job learning experiences, supported by classroom…
Read MoreCourt Strikes Down 2024 Overtime Rule: What This Means for Restaurants
Latest News Court Strikes Down 2024 Overtime Rule: What This Means for Restaurants Nov 15, 2024 In a significant victory for the restaurant industry, a federal court in Texas has struck down the Department of Labor’s (DOL) 2024 Overtime Rule. This decision prevents sweeping changes to salary thresholds that could have financially burdened businesses nationwide.…
Read MoreLouisiana’s Tax Reform Special Session Starts Today
Latest News Louisiana’s Tax Reform Special Session Starts Today Nov 6, 2024 Today marks the start of Louisiana’s third special session of 2024, where Governor Jeff Landry aims to address tax reform. The proposed changes include restructuring income tax, broadening sales tax, and repealing the corporate franchise tax, all of which could have significant impacts…
Read MoreTaylor Swift’s Eras Tour Set to Deliver a Swift Lift to New Orleans’ Economy
Latest News Taylor Swift’s Eras Tour Set to Deliver a Swift Lift to New Orleans’ Economy Oct 22, 2024 When Taylor Swift brings her Eras Tour to New Orleans on October 25, 26, and 27, the city will experience an economic impact as monumental as a weekend packed with three Super Bowls. With 150,000 Swifties…
Read MoreNew Analysis Explains Challenges of Higher Costs, Menu Price Increases
Latest News New Analysis Explains Challenges of Higher Costs, Menu Price Increases Oct 4, 2024 Restaurants across the U.S. are grappling with rising food and labor costs, and Louisiana operators are facing even greater pressure due to skyrocketing insurance premiums. According to the National Restaurant Association, food costs have surged 29% over the past four…
Read MoreLongshoremen’s Strike in Effect: What it Means for Restaurants
Latest News Longshoremen’s Strike in Effect: What it Means for Restaurants Oct 1, 2024 As of midnight on October 1, the International Longshoremen’s Association (ILA) strike is officially in effect, halting operations at key East Coast and Gulf ports. This strike is anticipated to cause significant disruptions in the restaurant supply chain, especially for products…
Read MoreServing Up Technology: New Data Shows How Tech Integration is Transforming the Restaurant Experience
Latest News Serving Up Technology: New Data Shows How Tech Integration is Transforming the Restaurant Experience Mar 27, 2024 National Restaurant Association Technology Landscape report showcases industry innovation and where consumer desires are pushing trends Technology use in restaurants is accelerating, creating new touchpoints between restaurants and the consumers they serve, according to the National…
Read MoreRestaurant Reservation Ruckus: Inside the Controversial World of Appointment Trader
Latest News Restaurant Reservation Ruckus: Inside the Controversial World of Appointment Trader Mar 12, 2024 In the realm of fine dining, a shadowy online marketplace has emerged, promising prime reservations at top-tier restaurants for exorbitant prices. Dubbed Appointment Trader, this platform has sparked outrage among restaurateurs and industry insiders alike, as it capitalizes on the…
Read MoreWholesale Food Prices Down 5.6% From Year-Ago Levels
Latest News Wholesale Food Prices Down 5.6% From Year-Ago Levels Feb 7, 2024 By Bruce Grindy, Chief Economist, National Restaurant Association In the 12 months ending November 2023, average wholesale food prices declined 5.6%. That marked the seventh consecutive 12-month decline – and the largest year-over-year drop in more than 7 years. The recent slowing…
Read MoreRestaurant Industry Sales Forecast to Set $1.1 Trillion Record in 2024
Latest News Restaurant Industry Sales Forecast to Set $1.1 Trillion Record in 2024 Feb 6, 2024 Restaurants sales are forecast to exceed $1.1 trillion in sales this year, marking a new milestone for the industry that will employ over 15.7 million people in the United States by the end of 2024. This is all according…
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