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

EUR -
AED 3.831008
AFN 72.9273
ALL 98.419365
AMD 410.272296
ANG 1.872217
AOA 957.497491
ARS 1061.69363
AUD 1.666436
AWG 1.877446
AZN 1.766157
BAM 1.955191
BBD 2.097547
BDT 124.141359
BGN 1.954564
BHD 0.391978
BIF 3071.343992
BMD 1.043025
BND 1.410861
BOB 7.178765
BRL 6.347867
BSD 1.038877
BTN 88.318509
BWP 14.358531
BYN 3.399742
BYR 20443.296678
BZD 2.08825
CAD 1.497941
CDF 2993.482519
CHF 0.932344
CLF 0.037343
CLP 1030.409268
CNY 7.610327
CNH 7.604124
COP 4547.284581
CRC 524.136854
CUC 1.043025
CUP 27.640172
CVE 110.230689
CZK 25.128878
DJF 184.992418
DKK 7.459296
DOP 63.260309
DZD 140.605234
EGP 53.07248
ERN 15.64538
ETB 129.499591
FJD 2.416742
FKP 0.826057
GBP 0.829268
GEL 2.930614
GGP 0.826057
GHS 15.271247
GIP 0.826057
GMD 75.098129
GNF 8975.206315
GTQ 8.004508
GYD 217.342349
HKD 8.11093
HNL 26.370792
HRK 7.481523
HTG 135.907696
HUF 413.964244
IDR 16867.075692
ILS 3.805968
IMP 0.826057
INR 88.607612
IQD 1360.876404
IRR 43898.321706
ISK 145.106091
JEP 0.826057
JMD 162.539407
JOD 0.739607
JPY 163.153207
KES 134.118253
KGS 90.743478
KHR 4174.700554
KMF 486.180213
KPW 938.722223
KRW 1508.652523
KWD 0.3212
KYD 0.865731
KZT 545.580179
LAK 22737.922437
LBP 93028.043448
LKR 305.005062
LRD 188.55131
LSL 19.125747
LTL 3.079783
LVL 0.630915
LYD 5.104411
MAD 10.455446
MDL 19.135044
MGA 4901.474333
MKD 61.515852
MMK 3387.705621
MNT 3544.199972
MOP 8.316611
MRU 41.31514
MUR 49.225715
MVR 16.064848
MWK 1801.339303
MXN 20.937863
MYR 4.702006
MZN 66.653209
NAD 19.125747
NGN 1616.209432
NIO 38.228101
NOK 11.812523
NPR 141.310015
NZD 1.84523
OMR 0.401355
PAB 1.038877
PEN 3.868396
PGK 4.212689
PHP 61.402621
PKR 289.160894
PLN 4.262349
PYG 8100.478589
QAR 3.787121
RON 4.976902
RSD 116.994099
RUB 107.216627
RWF 1448.149239
SAR 3.917924
SBD 8.74426
SCR 14.545033
SDG 627.378049
SEK 11.510661
SGD 1.414236
SHP 0.826057
SLE 23.850842
SLL 21871.723041
SOS 593.715196
SRD 36.642529
STD 21588.518693
SVC 9.090171
SYP 2620.632713
SZL 19.121048
THB 35.692277
TJS 11.364862
TMT 3.661019
TND 3.31027
TOP 2.442868
TRY 36.68318
TTD 7.050805
TWD 34.034928
TZS 2467.232032
UAH 43.568738
UGX 3810.81382
USD 1.043025
UYU 46.335577
UZS 13393.830944
VES 53.689991
VND 26550.210048
VUV 123.830057
WST 2.881657
XAF 655.752886
XAG 0.03535
XAU 0.000398
XCD 2.818828
XDR 0.792453
XOF 655.752886
XPF 119.331742
YER 261.1475
ZAR 19.110344
ZMK 9388.488165
ZMW 28.750051
ZWL 335.853734
  • CMSD

    0.0000

    23.56

    0%

  • RELX

    -0.3100

    45.47

    -0.68%

  • NGG

    0.8200

    58.5

    +1.4%

  • SCS

    -0.5800

    11.74

    -4.94%

  • RBGPF

    59.9600

    59.96

    +100%

  • RYCEF

    -0.0100

    7.27

    -0.14%

  • GSK

    0.1700

    33.6

    +0.51%

  • RIO

    -0.0900

    58.64

    -0.15%

  • AZN

    0.9100

    65.35

    +1.39%

  • CMSC

    0.0200

    23.86

    +0.08%

  • BCC

    -0.2600

    122.75

    -0.21%

  • BTI

    0.1131

    36.24

    +0.31%

  • VOD

    0.0100

    8.39

    +0.12%

  • BCE

    0.0500

    23.16

    +0.22%

  • BP

    0.1900

    28.6

    +0.66%

  • JRI

    0.1100

    12.06

    +0.91%

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)