Technomic Publishes 2017-2018 Hotel Food and Beverage Report

The number of Hotel Food and Beverage spaces have been steadily on the rise since 2011, with a 4.9 percent increase in 2017. This includes restaurants, banquets and catering, bars and lounges, room service, in-room minibars, and other areas, totaling about $48.7 billion in revenue in 2017.

A report by Technomic is forecasting continued growth into 2018, as the demand for these spaces are still rising. The report details how hotels are leveraging local brands for competition, utilizing spaces for social interactions, and emphasizing casual-upscale dining to bring a variety of patrons to their establishments.

“Hotels use their food-and-beverage programs as competitive differentiators and are investing to drive unique guest experiences,” said David Henkes, Senior Principal with Technomic. “As more options appear for consumers, not only in new and emerging types of hotel properties but also in alternative channels like Airbnb and VRBO, having a strong food and beverage program is more important than ever for continued hotel success.”[1]

While growth is evident in a few areas, the report also noticed a decrease in room service spending and minibars.

To read the full report, visit Technomic’s website.


Follow us on social media for the latest updates in B2B!


Tech Layoffs
The Impact of Tech Layoffs on Remote and Overseas Workforces
June 30, 2022
As businesses search for profitability in the face of a potential recession, many tech companies have made the difficult decision to layoff significant portions of their staff. But what, if any, impact does this Read more
Gossip About Gossip: Building Sustainable Carbon Credit Workflows on Hedera
June 30, 2022
The success of blockchain relies on digital information and transactions that are trustworthy. KrypC is a global technology solutions company that delivers secure, enterprise-grade blockchain solutions to Read more
Omnichannel Experiences Will Depend on Managed Devices and Cloud Ecosystems
Omnichannel Experiences Will Depend on Managed Devices and Cloud Ecosystems
June 30, 2022
  The experience economy that drives omnichannel for today’s retail consumers enables them to bridge both the virtual and physical through a combination of seamless online and in-store Read more