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Saudi Arabia: This ground-breaking report delves deep into the evolving landscape of F&B trends, shedding light on the direction the sector is moving in and the pivotal role concepts like food halls play in shaping urban development and fostering community cohesion worldwide.
In an era marked by the profound transformation of traditional F&B venues, TGP International's report offers invaluable insights into the shifting dynamics of the sector. From the surge of social dining experiences to the escalating demand for sustainability and inclusivity, the report explores key trends and concepts driving innovation and change in the F&B and Hospitality industry.
"Our latest report encapsulates the essence of F&B in 2024, providing a comprehensive overview of the trends shaping the industry," remarked Nichola Beskine-Taylor, Partner at TGP International. "From the reimagination of traditional F&B venues to the strategic integration of diverse and high-quality offerings in urban developments, our report underscores the critical role F&B plays in driving foot traffic, customer engagement, and revenue."
Key highlights from the report include:
Redefining Urban Development: Traditional retail and mixed-use urban developments are undergoing a profound shift, with F&B offerings taking centre stage as key drivers of visitation and customer engagement.
The Rise of Social Dining Experiences: Millennials, Gen Z, and Gen A are increasingly drawn to laid-back dining environments, prompting the emergence of alternative venues tailored to meet evolving consumer tastes.
Demand for Sustainability and Inclusivity: As consumers place greater importance on supporting brands that prioritise environmental and social responsibility, there is a growing demand for sustainable and inclusive F&B offerings.
Strategic Design Underpins F&B Concept Success: The leading design and concept trends of today reflect broader changes in society, with F&B establishments evolving to offer unique and memorable experiences that align with consumer values and expectations.
Inclusivity Permeates F&B Design: Inclusive design is becoming increasingly important, with F&B venues striving to create spaces that accommodate diverse demographics and promote social integration.
The report also features insightful case studies highlighting innovative F&B concepts such as Al Mamlaka Social Dining, a first-of-its-kind food hall in Riyadh, and Alkebulan, the acclaimed African dining hall at Expo City Dubai, showcasing the transformative potential of F&B spaces that foster community engagement and cultural exchange.
"At TGP International, we are committed to helping our clients navigate the evolving landscape of F&B trends and develop innovative solutions that meet the needs of today's consumers," said Simon Wright, Founder and Chairman at TGP International, "We believe that our latest report will serve as a valuable resource for industry stakeholders seeking to stay ahead of the curve and drive positive change in the F&B sector."
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About TGP International
Established in 2002, TGP International is a renowned global agency in hospitality and retail, recognised for its comprehensive 360° solutions. With offices across the UK, Europe, USA, and the GCC, TGP specialises in F&B advisory services, concept development, interior design, franchising & licensing, and asset management.
TGP International has garnered prestigious awards for its groundbreaking design projects and has played a pivotal role in transformative F&B masterplanning ventures with a range of high calibre clients such as Marriott, Accor, IHG, Hilton, as well as monumental projects like NEOM and Expo City Dubai. TGP is also redefining food hall standards marked by the delivery of Riyadh's first-of-its-kind Al Mamlaka Social Dining, as well as raising the bar for sustainable catering and F&B at major international events like EXPO2020 and COP28.
With a portfolio of 700+ successful projects across 15 countries and a team boasting over 300+ years of combined experience, TGP is uniquely placed to bring its clients' visions to life with expertise across all areas of F&B, including market studies, concept development, interior design, project management, and franchising & licensing.
