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Peering Into the Crystal Ball: Unveiling the Future of Bar Industry in 2024
Manage episode 389253206 series 3445410
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Are you ready to glimpse the future? Tune in for an enlightening conversation about the upcoming 2024 bar industry trends. We're talking martini resurgence, the potential rum comeback, and the need for innovative ingredients. It's clear that flexibility and a focus on local communities will be key for bars in the post-COVID era. And, for those who appreciate a good drink, but not necessarily the buzz, we're discussing the rise of low-alcohol and non-alcoholic beverages, sober months, and the emergence of wine-based cocktails.
The future of the bar business isn't all about the drinks though. We're chatting about the growing popularity of small plates and the need for more frequent menu changes. We also cover price sensitivity in the hospitality industry and the growing trend of house-made items—everything from salad dressings to non-alcoholic beverages. In this changing landscape, it's all about providing fantastic experiences at fair prices, and we'll discuss how bars can adapt to meet these challenges.
But we're not stopping there. We're delving into the broader industry and tech trends that could shape 2024 in unexpected ways. Will late-night activities decline amidst a cultural shift and increasing safety concerns? Is tech in the front of the house a thing of the past, or will it find a new home in the back of the house? If you're interested in what the future holds for the bar industry, you won't want to miss out on this episode.
Welcome to the Bar Business Podcast, the ultimate resource for bar owners looking to elevate their businesses to the next level. Our podcast is packed with valuable insights, expert advice, and inspiring stories from successful bar owners and industry professionals. Our mission is to help you thrive in the competitive bar industry and achieve your business goals.
Thank you to our show sponsor, SpotOn. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions.
**We are a SpotOn affiliate and earn commissions from the link above.
Thank you to our benchmarking data partner Starfish. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
Learn More:
The Bar Business Podcast Website
Schedule a Strategy Session
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'
Bar Business Nation Facebook Group
Chapters
1. 2024 Bar Industry Trends (00:00:00)
2. Trends in Low Alcohol Drinks in 2024 (00:06:20)
3. Price Sensitivity in Business (00:18:29)
4. 2024 Industry Trends (00:23:17)
74 episodes
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