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Apr 18
Last Updated on 03 April 2018

Why The Catering Industry Is Booming

Catering menu lexington ky

From catering a corporate event facility to catering a wedding, the catering industry has been booming in the last few years. In fact, they currently employee more than 250,000 people. This is, in part, because of growing need for catering services at places like a corporate event facility or a wedding, as well as growing trends towards diverse eating and different dietary needs.

Corporate catering for a corporate event facility has become increasingly popular in the past few years. The corporate meetings industry in the United States spends an average of $120 billion in just one year, if not more, and some of this money is directed towards catering for a corporate event facility. Part of this catering is often used a reward for employees, as companies that have implemented employee recognition programs have overwhelmingly noted an increase in overall employee satisfaction. Events like company picnics are often catered, and nearly half of all organizations that regularly host company picnics spend at least $50,000 a year on them. Dietary needs are growing more and more diverse, and the majority of corporate event facilities (more than 70%) want to offer vegetarian options on their catering menu.

Aside from catering for a corporate event facility, weddings are another profitable market for caterers, particularly because the vast majority of weddings will include a meal or food in some capacity. Though the majority of weddings will serve a meal around dinner time, brunch is also a popular meal served at weddings, in addition to cocktail hour and, increasingly, a snack later during the reception. Engaged couples are focusing more and more on the quality of food provided at their wedding, and more than half of all brides in the United States name quality food as one of their top priorities for their wedding. As there are nearly two and half million weddings every year in the United States alone, the catering industry has found a great deal of success in catering weddings, particularly in weddings whose venues do not offer on site catering, which is becoming more and more common as more than 40% of all brides and grooms are looking to host their wedding at a unique venue that reflects their personality.

The catering industry is booming, from catering weddings to corporate events, and offer a wide array of foods ideal for varying different dietary needs.

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