Business

Higher restaurant prices pushed out a third of diners. Now the deals are back

Victor Maslow

Going out for dinner used to feel effortless. For a growing number of people, it is now a decision that requires planning — and increasingly, strategy.

More than a third of British diners have cut back on restaurant visits as the cost of eating out keeps climbing, according to a YouGov Dining Out survey. In the United States, nearly seven in ten consumers report reducing how often they dine out. Menu prices globally have risen roughly four percent year-over-year, driven by energy costs, wage growth, and ingredient inflation that operators can no longer absorb without passing them on. The result: quieter dining rooms, and an industry scrambling to fill them.

The tools for eating out more cheaply exist, and some are surprisingly effective. Loyalty programs at major chains — Pizza Express, Nando’s — reward frequent diners with progressively richer perks. Off-peak booking platforms like First Table and EatClub cut the bill by up to 50 percent for diners willing to book a restaurant’s first or last service slot. The economics are clear: an empty seat at 6pm generates zero revenue, and a half-price cover still contributes to fixed costs.

Soft launches offer some of the sharpest deals. When a new restaurant opens and needs real diners more than full prices, discounts can run for weeks — occasionally becoming permanent on slower evenings. Supermarket loyalty schemes add another layer: Tesco Clubcard points convert at three-to-one into vouchers at participating restaurants, effectively subsidizing meals with the household grocery bill. Surplus-food apps like Too Good To Go let diners claim meals at near-cost, with the tradeoff that the exact dish is never guaranteed.

What the deals share is that they are engineered by restaurants, not gifted. Chains run kids-eat-free promotions during school holidays because empty tables hurt margins. Off-peak apps exist because operators cannot fill every sitting at full price. The consumer is being brought back not out of generosity but out of occupancy pressure — which makes these strategies, once understood as structural rather than promotional, more durable than seasonal couponing.

Availability is uneven. First Table and EatClub operate primarily in the UK, Australia, and New Zealand; surplus-food platforms vary by city and country. Shokofeh Hejazi, director of foresight and innovation at The Food People, notes that many upscale restaurants now offer genuine access points across price levels — but finding them requires knowing where to look.

Industry observers expect menu prices in the US restaurant sector to rise faster than the 20-year historical average through the rest of 2026. The monthly US Consumer Price Index for food away from home is the next indicator the sector watches closely — its trajectory will show whether the pullback from restaurant dining is stabilizing or still deepening.

Tags: , , , ,

Discussion

There are 0 comments.