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Amid inflationary headwinds and fluctuating consumer demand, restaurant operators are facing difficult times. What are consumers looking for when they eat out, and what operators are successfully navigating the current climate?

On Wednesday, October 16 at 2:00 PM (EDT), The Food Institute hosted R.J. Hottovy, head of analytical research at Placer.ai, for a one-hour presentation on the state of the restaurant industry and insights for its future.

R.J. discussed:

• Differences in foot traffic between industry segments
• Competitive threats from beyond traditional foodservice
• How the "price wars" are impacting quick-service restaurants
• Which operators are best navigating the current climate
• Best practices to close out 2024 and open up 2025

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Sponsored by:

Placer.ai

Placer.ai is the most advanced foot traffic analytics platform allowing anyone with a stake in the physical world to instantly generate insights into any property for a deeper understanding of the factors that drive success. It is the first platform that fully empowers professionals in retail, commercial real estate, dining, and more to truly understand and maximize their offline activities with reporting capabilities that include visit trends, True Trade Areas, cannibalization/void analysis, demographics, cross-shopping, and favorite places. To learn more, visit https://hubs.li/Q019NFjv0.

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Head of Analytical Research, Placer.ai
R.J. Hottovy, CFA is Head of Analytical Research for Placer.ai. He has covered the restaurant, retail, and e-commerce sectors for nearly 20 years. He has held several analyst positions in the past, including Global Consumer Equity Strategist at Morningstar and equity analyst roles at William Blair & Co. and Deutsche Bank. Hottovy also brings a wealth of experience with early-stage investments as an investor and member of the investment committee for the IrishAngels Venture Capital group. Over the past three years, he has worked with more than 50 consumer and technology companies, advising on more than $200 million in early-stage capital raises and other buy- and sell-side M&A transactions. Hottovy is also a member of the Chicago Seed Co. network, a group of Chicago-area investors focused on early-stage food & beverage companies.

Hottovy's efforts have been recognized by several financial and trade publications, including CNBC, The Wall Street Journal, Investors Business Daily, Barron's, BusinessWeek, Forbes, and The Economist. He is an active member of the CFA Society of Chicago and maintains a regular teaching schedule through the University of Notre Dame Mendoza College of Business and the Girls Who Invest program. He was also a finalist for Crain's Chicago "40 Under 40" award in 2011. Hottovy graduated Magna Cum Laude from the University of Notre Dame with a BA in Finance and a second degree in Computer Applications.
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