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The "Lipstick Effect" Hits the Menu: Consumers Trade Fine Dining for Affordable Indulgence
Is the $200 tasting menu out? The $12 pastry is in.
Economic uncertainty doesn't stop consumers from spending—it just changes what they buy. This is the "Lipstick Effect," and it has officially hit the food and beverage industry.
In our latest episode of From Kitchen to C-Suite, we dive deep into why consumers are trading down from fine dining to "affordable indulgences." We explore:
- 📉 The softening demand for ultra-luxury dining experiences.
- ☕ Why specialty coffee, premium desserts, and "little treats" are recession-proof.
- 💡 Strategies for C-Suite leaders to pivot their menus for value without sacrificing quality.
If you want to understand the current shift in consumer psychology, this is a must-listen.
🎧 Tune in now: https://linktr.ee/From_Kitchen_to_CSuite
#FoodIndustry #RestaurantTrends #LipstickEffect #ConsumerBehavior #FromKitchenToCSuite #HospitalityManagement
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By Brad Peters, Founder, Director, CEO of HRBUniversal /The Plate & Pour CollectiveIs the $200 tasting menu out? The $12 pastry is in.
Economic uncertainty doesn't stop consumers from spending—it just changes what they buy. This is the "Lipstick Effect," and it has officially hit the food and beverage industry.
In our latest episode of From Kitchen to C-Suite, we dive deep into why consumers are trading down from fine dining to "affordable indulgences." We explore:
- 📉 The softening demand for ultra-luxury dining experiences.
- ☕ Why specialty coffee, premium desserts, and "little treats" are recession-proof.
- 💡 Strategies for C-Suite leaders to pivot their menus for value without sacrificing quality.
If you want to understand the current shift in consumer psychology, this is a must-listen.
🎧 Tune in now: https://linktr.ee/From_Kitchen_to_CSuite
#FoodIndustry #RestaurantTrends #LipstickEffect #ConsumerBehavior #FromKitchenToCSuite #HospitalityManagement