Berliner Boersenzeitung - Taco-a-day or meal-a-month, US restaurants join subscription craze

EUR -
AED 4.254223
AFN 72.402841
ALL 95.937927
AMD 435.645176
ANG 2.073631
AOA 1062.251494
ARS 1618.334667
AUD 1.664929
AWG 2.085119
AZN 1.962724
BAM 1.955545
BBD 2.327307
BDT 141.781545
BGN 1.980062
BHD 0.437605
BIF 3427.268694
BMD 1.158399
BND 1.478414
BOB 7.984995
BRL 6.063
BSD 1.155555
BTN 107.998409
BWP 15.790013
BYN 3.440767
BYR 22704.624729
BZD 2.324008
CAD 1.593019
CDF 2633.041451
CHF 0.912101
CLF 0.026702
CLP 1054.340024
CNY 7.970367
CNH 7.984903
COP 4300.452852
CRC 538.932178
CUC 1.158399
CUP 30.697579
CVE 110.251125
CZK 24.479057
DJF 205.774104
DKK 7.471513
DOP 68.571371
DZD 153.673095
EGP 60.99013
ERN 17.375988
ETB 180.420895
FJD 2.575411
FKP 0.865382
GBP 0.865133
GEL 3.145028
GGP 0.865382
GHS 12.641409
GIP 0.865382
GMD 84.563558
GNF 10128.725347
GTQ 8.850886
GYD 241.749577
HKD 9.072652
HNL 30.585151
HRK 7.529128
HTG 151.350953
HUF 389.894586
IDR 19592.758982
ILS 3.621
IMP 0.865382
INR 108.752721
IQD 1513.802961
IRR 1523352.895489
ISK 143.595493
JEP 0.865382
JMD 182.007095
JOD 0.821311
JPY 183.806102
KES 150.186755
KGS 101.302081
KHR 4630.417284
KMF 492.319679
KPW 1042.525876
KRW 1735.090826
KWD 0.35513
KYD 0.962971
KZT 556.949427
LAK 24837.874269
LBP 103482.577201
LKR 362.864335
LRD 211.463388
LSL 19.593734
LTL 3.420452
LVL 0.700704
LYD 7.397069
MAD 10.800741
MDL 20.210457
MGA 4809.39476
MKD 61.603478
MMK 2432.208536
MNT 4134.293661
MOP 9.323186
MRU 46.128195
MUR 53.867092
MVR 17.897438
MWK 2003.347888
MXN 20.683624
MYR 4.582603
MZN 74.033154
NAD 19.591959
NGN 1590.679178
NIO 42.524648
NOK 11.298099
NPR 172.797254
NZD 1.990188
OMR 0.445398
PAB 1.155555
PEN 4.019877
PGK 4.989372
PHP 69.334242
PKR 322.566107
PLN 4.274111
PYG 7551.049736
QAR 4.225568
RON 5.094667
RSD 117.446607
RUB 94.01989
RWF 1689.387398
SAR 4.348412
SBD 9.327104
SCR 16.080087
SDG 696.197458
SEK 10.847673
SGD 1.481807
SHP 0.869099
SLE 28.438316
SLL 24291.065002
SOS 660.41689
SRD 43.250569
STD 23976.525073
STN 24.496917
SVC 10.11064
SYP 128.556303
SZL 19.586535
THB 37.75343
TJS 11.041111
TMT 4.054397
TND 3.405371
TOP 2.789147
TRY 51.372461
TTD 7.844302
TWD 37.068581
TZS 2979.980781
UAH 50.737115
UGX 4362.451006
USD 1.158399
UYU 47.084075
UZS 14088.166261
VES 528.814289
VND 30528.453067
VUV 138.380317
WST 3.184294
XAF 655.874461
XAG 0.016705
XAU 0.000263
XCD 3.130632
XCG 2.08252
XDR 0.815697
XOF 655.874461
XPF 119.331742
YER 276.452226
ZAR 19.69285
ZMK 10426.982731
ZMW 22.388183
ZWL 373.004076
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.2300

    22.88

    +1.01%

  • BTI

    0.5500

    57.92

    +0.95%

  • CMSD

    0.0816

    22.74

    +0.36%

  • RIO

    2.6900

    85.84

    +3.13%

  • NGG

    0.0700

    82.06

    +0.09%

  • BCE

    -0.0300

    25.76

    -0.12%

  • BP

    -1.2100

    43.57

    -2.78%

  • GSK

    0.1500

    51.99

    +0.29%

  • RELX

    0.4500

    33.81

    +1.33%

  • AZN

    0.4700

    184.07

    +0.26%

  • BCC

    3.5800

    71.88

    +4.98%

  • RYCEF

    0.6300

    15.97

    +3.94%

  • JRI

    -0.0900

    11.68

    -0.77%

  • VOD

    0.1500

    14.48

    +1.04%

Taco-a-day or meal-a-month, US restaurants join subscription craze
Taco-a-day or meal-a-month, US restaurants join subscription craze

Taco-a-day or meal-a-month, US restaurants join subscription craze

For Jebin Tuladhar, the past two years have been like walking a tightrope as he tried to steer Shanti, the Indian restaurant chain he manages in Boston, through the pandemic.

Text size:

To cope, Shanti in June started offering customers at the restaurant's three locations in and outside the city a subscription deal where a gourmet meal for two costs $80 each month.

The plan now has about 80 subscribers, and Tuladhar estimates that if he adds about 10 additional accounts each month, Shanti can soon reach the breakeven point of 160 subscription.

From those offering fast food to others where white tablecloths are the norm, restaurants across the United States are rolling out subscriptions to bolster their damaged businesses and lure back customers who were scared off by the pandemic.

In Washington, Italian restaurant La Collina launched a "Pasta Club" where, for $85 a month, customers receive two deliveries of pasta with sauce homemade by chef Katarina Petonito. About 60 households have been won over so far.

"There is no denying that the pandemic has caused restaurants to pivot and learn new ways to connect with guests," said Danya Degen, director of operations for Eastern Point Collective, the company of which La Collina is a part.

- Building loyalty -

Cafe chain Pret a Manger is offering US customers as many as five coffee drinks a day for $19.99 a month, a program that started last September after a successful trial run in Britain.

In January, Taco Bell rolled out the "Taco Lover's Pass," which allows you to order one taco a day over a 30-day period for $10.

The fast-food giant is presenting the program as time limited but has set no deadline for it to end and is more or less treating it as an experiment.

"Our goal for the Taco Lover's Pass test is to examine how our consumers engage with this unique offering that ultimately pays for itself in just a few visits," Taco Bell's Chief Digital Officer Zipporah Allen said.

David Henkes, senior principal at restaurant consultancy Technomic, said these subscriptions can be both profitable and helpful to companies looking to expand their customer base.

"You want to remain top of mind with your loyal customers," he said. "What you're really hoping to do is drive that engagement with the consumer."

Besides fast food, most outlets that have launched subscriptions rely primarily on home deliveries because of the pandemic, but they don't plan to stop there.

The Wells, a bar owned by Eastern Point Collective, has created "Gin Society," whose members get the ingredients for a cocktail sent to their homes each month, and also priority reservations and exclusive access to new drinks and food when visiting the bar.

In Boston, Shanti's owners plan to introduce a new subscription next month, which would cover a certain number of dine-in meals at the restaurant.

"Right now, I don't know what's going to work out," Tuladhar said.

Several companies have been set up to support these subscriptions, including Table22, which is collaborating with Shanti and La Collina, and the Summerlong Supper Club in New York, which launched a four-month subscription-based program early last year with 16 partner restaurants.

The latter, which has had more than a thousand people sign up, focused on higher-end restaurants, but the trend seems to have a future at all price points.

A pioneer in the sector is Goldbelly, which has several hundred partner restaurants offering barbecue, pizza or cake submissions, and raised $100 million from investors last May.

If the trend endures, it will join gyms and streaming services among the ranks of things American consumers are willing to pay monthly for.

When it comes to restaurants, "all of these people are realizing that making food and selling it at the very basic level is a very risky proposition," said Vinay Gupta, owner of Summerlong Wine, one of the driving forces behind the Supper Club project.

Subscriptions "essentially take the risk off of yourself, and put it on to the consumer," he said.

(O.Joost--BBZ)