1851

According to data from <a href="https://blackboxintelligence.com/restaurant-industry-news/performance-pulse/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=restaurant-traffic-slows-in-january-as-guest-check-growth-hits-record-high-2718075" target="_blank" rel="nofollow">Black Box Intelligence</a>, while restaurant traffic slowed -0.9% during the month of January, the average guest check hit a record high.Despite the drop in restaurant sales in January 2022, Black Box Intelligence said that after weathering yet another wave of COVID infections, restaurants are in a more favorable position regarding future growth than this time last year.&nbsp;Lower guest counts continue to affect the restaurant industry: Aside from the omicron variant that prevented many from leaving their homes due to illness, rising food prices are causing concern for consumers and restaurants.Inflation hit a 40-year high in January at 7.5%, and the economic pressure is being felt by consumers and restaurants alike. In order to offset the cost of rising food prices, brands are raising menu prices. In turn, this results in higher guest checks, which may deter consumers from eating outside their homes. Additionally, staffing shortages continue to affect the industry, as does the ongoing supply crisis.The Fed is expected to introduce several interest rate hikes throughout the year, with a goal of taming inflation and helping the economy stabilize.Related articles:&nbsp;<ul><li><a href="https://1851franchise.com/inflation-hits-40-year-high-of-75-what-it-means-for-restaurants-2717993#industry-spotlight">Inflation Hits 40-Year High of 7.5%: What It Means for Restaurants</a></li><li><a href="https://1851franchise.com/how-omicron-is-impacting-restaurant-sales-2717639#featured">How Omicron is Impacting Restaurant Sales</a></li></ul>

Restaurant Traffic Slows in January as Guest Check Growth Hits Record High

1851 Franchise

Fewer people are dining out, while the cost of a check is rising due to inflation, rising menu prices and the ongoing supply chain issues.

restaurant-traffic-slows-in-january-as-guest-check-growth-hits-record-high

Woodhouse Spas

Photo of exterior of Woodhouse Spa location

What Should I Expect When Opening My Woodhouse Spa Franchise?

opening-woodhouse-spa-franchise-support

Fresh Coat

Photo of two Fresh Coat vans parked outside a building

Scaling With Fresh Coat Painters: Insights and Tips From the Field

fresh-coat-painters-franchise-scaling-tips

Pigtails & Crewcuts

A Business That Fills Your Heart: Why Pigtails & Crewcuts Franchisees Say It’s More Than a Career

a-business-that-fills-your-heart-why-pigtails-crewcuts-franchisees-say-its-more-than-a-career

Caring Transitions

Why Consider a Corporate Career Change? Find Meaningful Work Helping Others With Caring Transitions

why-consider-a-corporate-career-change-find-meaningful-work-helping-others-with-caring-transitions

Comfort Keepers

How This Financial Strategist Built a Flourishing Purpose-Driven Business With Comfort Keepers®

how-this-financial-strategist-built-a-flourishing-purpose-driven-business-with-comfort-keepers

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

U.S. Budget Deficit Rises as Tariff Revenues Increase — Potential Considerations for Franchising

us-budget-deficit-rises-as-tariff-revenues-increase-potential-considerations-for-franchising

Dickey's Franchisee Backlash - Lawsuits - Disputes - 1851 Franchise

Texas-Based Dickey’s Barbecue Pit Grapples with Franchisee Backlash

dickeys-barbecue-pit-franchisee-lawsuits

Design with person in blazer, with laptop, holding sign that reads "LOOKING FOR A JOB"

Uptick in Jobless Claims Points to Continued Instability in Labor Market

jobless-claims-franchise-growth

Extraordinary Brands Acquires CycleBar and Rumble, Shaking Up Boutique Fitness Franchising

extraordinary-brands-cyclebar-rumble-boxing-acquisition

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

"Come in, We're OPEN" sign against abstract background

Small Business Optimism Dips, Raising Concerns for Franchise Owners

small-business-optimism-dips-raising-concerns-for-franchise-owners

Wendy's CEO Kirk Tanner Steps Down - Breaking News - 1851 Franchise

Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty

wendys-ceo-transition-kirk-tanner-franchisee-uncertainty

Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising

rising-jobless-claims-affect-franchising

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Navy Veteran and Professional Artist Couple Open Caring Transitions in Texas

Restaurant Traffic Slows in January as Guest Check Growth Hits Record High

MORE STORIES LIKE THIS