Although the restaurant industry continues to suffer from labor shortages and sky-high prices, bookings have improved. According to OpenTable, restaurant bookings have soared 34% year-over-year. Restaurants have become an essential part of everyday personal and professional life for most.
Moreover, restaurants are adopting new digital solutions to offer customers advanced services, which should bolster growth. According to a Technavio report, the Restaurant Digitization Solutions Market is projected to grow at a CAGR of 16.3% from 2022 to 2026. In addition, the market size of the quick-service restaurant industry is expected to hit $826.89 billion in 2022.
