Summer Travel Impact On Business

Some Key Takeaways On How To Make The Most of Summer Travel

With summer now in full swing, many restaurant and liquor store owners are faced with the same question: what will this season look like for my business? Will people hop on a plane or into their cars to seek adventure far away from home, or will the rising costs of fuel, food, and nearly everything in between cause people to stay closer to home? Recent travel reports reveal that while many remain enthusiastic about travelling this summer, embracing a pandemic-free season, travel plans may look a little different this year due to continuing inflation concerns. Restaurants and liquor stores, like most other businesses, are also faced with the consequences of inflation, and if you are a business owner you know that keeping your hand on the pulse of who your customers will be this summer (and how long they will be staying) has never been more important.

To read the full article – check out The Advisor Magazine – Issue 29.

 

Customer Service and Consumer Habits For Retailers

Premiumization Levels Off In The Face of Inflation

A recent BevAlc Insights (by Drizly) report comments on the “premiumization trend” that surfaced during the pandemic, referring to when “consumers were trading up to higher-priced products across the beverage alcohol spectrum”, a trend that lasted well into the past year. As nights at home became standard during the pandemic, many upgraded their typical selections at the liquor store or online ordering platform to treat themselves.

To read the full article – check out The Advisor Magazine – Issue 29.

 

SUMMER SIPPIN’ & POPULAR RTDs

Here are the top 5 most popular drinks for Summer 2023

A recent BevAlc Insights by Drizly report reveals that in the past 12 months, Drizly has seen over 400 new RTD cocktail SKUs (stock keeping units) added to their catalog! Clearly, growth in this category is not slowing down any time soon. Local businesses should take note, because “By location, Boston; Northern New Jersey; Long Island, New York; Nashville; and Providence, Rhode Island all over-indexed on RTD sales on Drizly in that [12 month] time period”.

To read the full article – check out The Advisor Magazine – Issue 29.

 

Boston Liquor License Sticker Shock?

The newly established View Boston’s restaurant and lounge just paid $600,000 for their full liquor license, a price tag that has turned some heads. It seems that the price of full liquor licenses in Boston is currently at an all-time high, with the city’s restaurant and bar scene looking much different post-pandemic, as many establishments closed their doors. However, many new restaurants and bars have begun to open their doors, although who exactly is able to open these doors is resulting in some controversy.

To read the full article – check out The Advisor Magazine – Issue 29.

 

Drinks To Go Update: Extended To March 31, 2024

It’s official: drinks-to-go, which was initially intended to be a temporary measure during the pandemic, has been extended for another year. EATER Boston reports that, “Governor Maura Healey signed legislation into effect that will allow Massachusetts businesses to sell cocktails to-go until March 30, 2024”.

To read the full article – check out The Advisor Magazine – Issue 26.

 

Is The City of Boston The Next Place To Ban Nips? 

Nip ban debate heats up as Boston may be the next place in Massachusetts to prohibit nips.

As more and more Massachusetts towns and cities ban “nips”, also known as miniature liquor bottles containing 100 milliliters or less, it seems that Boston may be one of the next ones to join in. According to recent Boston.com and CommonWealth magazine articles, Councilor Ricardo Arroyo wants Boston to be the next city to consider this ban, presenting a significant challenge to liquor store owners.

To read the full article – check out The Advisor Magazine – Issue 26.

 

Stock Your Store Shelves Smartly This Spring

The winter holiday season – which is crowded with Thanksgiving, Christmas, and New Year’s Eve and all the merry get-togethers, gifts, and celebrations associated – may have come to an end, but that doesn’t mean that festive holiday alcohol consumption and gifting has to. Optimism comes with the start of spring, and consumers will look for reasons to celebrate the end of winter and look forward to spring and the new possibilities it promises.

To read the full article – check out The Advisor Magazine – Issue 25.

 

This Time, Cocktails Really Are To Go?

Remember during the pandemic when pairing takeout with some cocktails-to-go was about as exciting of a night out as you were going to get? And remember when the combo became so popular and so beneficial for struggling restaurants that Massachusetts extended alcohol-to-go for another year? Well, time is running out for restaurants to offer alcohol-to-go, as the extension will end on April 1, 2023. The extension, which was seen as a way to assist burdened restaurants that had suffered through a few tough years during the pandemic, received mixed reviews overall, but many states have made the drinks-to-go allowance permanent, and here in Massachusetts, there is a division in the support of this bill.

To read the full article – check out The Advisor Magazine – Issue 25.

 

Drizly & Gopuff Join Forces

Drizly, an Uber company, and Gopuff have joined forces to offer immediate, on-demand delivery of drinks to adults of legal drinking age. This partnership brings the full Gopuff assortment of beer, wine, and spirits to Drizly’s beverage alcohol e-commerce platform while also expanding the number of BevMo! and Liquor Barn stores on the platform. The collaboration expands Drizly’s network of partners, offering convenient delivery options, while also expanding Gopuff’s reach by tapping into Drizly’s customer base. The new partnership builds on the addition of Gopuff to the Uber Eats app in 2021 and will provide a more seamless shopping experience for customers.

To read the full article – check out The Advisor Magazine – Issue 24.

 

Challenges and Opportunities Facing Boston Restaurant Owners in 2023

A recent Boston.com article entitled “’Another learning year’: What the dining scene will look like in 2023” discusses the questions surrounding the fate of the Boston restaurant scene as 2023 commences. The restaurants that did survive the pandemic brought their creativity and adaptability to the table, so-to-speak, and as they embrace what modifications are worth keeping and following the changing landscape of what customers want, they are also considering the threats of an economic recession and what that means for their business. With these constantly shifting factors in mind, Boston.com surveyed industry professionals and readers on what they think – and what they hope – 2023 will bring for the restaurant scene.

To read the full article – check out The Advisor Magazine – Issue 24.

 

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