Sam Mustafa of Downtown Charleston Weighs in on Food Service Spending Study
Research shows that the Millennial generation is more likely to spend money on dining out than Gen Xers and Baby Boomers. Sam Mustafa, Charleston Hospitality Group CEO, comments on the importance of young patrons that help local restaurants and caterers thrive.
It is a common perception that each generation of Americans adopts different perspectives and behaviors regarding culture, political beliefs and most importantly, finances. Although the rough economy has caused many recent college graduates to become discouraged about their financial futures and job opportunities, a new report from Technomic reveals a growing positive outlook among the generation regarding future success. A recent article from PizzaMarketing.com highlights this research and notes that this newfound confidence is expected to immensely contribute to the foodservice industry, customer service, and city paper restaurant reviews. As an expert in demographic trends, Sam Mustafa of Charleston provides dining, nightlife and catering resources to residents and tourists in the Charleston & Mount Pleasant, South Carolina area.
According to the article, "Half of Millennials expect their personal financial situation to improve in the coming year while only one-fifth of all consumers surveyed think their financial situation will worsen in that time." The Generational Consumer Trend report developed by Technomic also found that despite lower incomes among Millennials as compared to older consumers, a greater percentage of the group report that they visit upscale casual dining restaurants at least once a month; of those studies 42 percent of Millennials reported this behavior, while only 33 percent of Gen Xers and 24 percent of Boomers identified their dining practices as such. The article explains this trend noting that Millennials are typically over-consumed with work and social responsibilities leaving them little time to cook dinner for themselves at home.
Although more Millennials are expected to contribute to the foodservice industry, the article also notes that this age group is motivated by restaurants that provide healthy eating options and discounts. Sam Mustafa, Charleston Hospitality Group CEO, is encouraged by these findings, noting that young residents are growing in Charleston, especially those that decide to stay in the area after attending local universities. Paying attention to the needs of local residents and area tourists, Mustafa is dedicated to providing an array of options that meet the demands of both younger and older consumers.
sam mustafa concludes, "Charleston Hospitality Group is dedicated to reaching out to the younger generation that is growing within the area. Currently, our use of social media combined with electronic marketing allows us to connect with our younger audience in a way that speaks to their generation and encourages them to experience what this unique city has to offer."
ABOUT:
Sam Mustafa, a food services business owner and CEO, founded the Charleston Hospitality Group in 2008 as a resource to provide downtown Charleston residents and tourists with the best in food, nightlife, catering and transportation available in Charleston and Mount Pleasant, South Carolina. As a resident, Sam Mustafa believes that Charleston offers a wide array of options in entertainment, activity and relaxation for tourists and citizens alike. In five years, Sam Mustafa has enabled the Charleston Hospitality Group to expand as a successful business that currently operates and manages five brands and eight companies. Through his group's work, Mustafa continues to help improve the local community and allow visitors to appreciate all that it has to offer. Sam has led the Greater Charleston Restaurant Association, Queology, Toast, Toast all day, Sports pub, Eli’s Table, Tabbuli, Toast of West Ashley & Summerville, Cove Oyster Bar, HonkyTonk Saloon, and Fill Restaurant & Piano Bar. He studied at the Southern University of Illinois, degree in engineering.
It is a common perception that each generation of Americans adopts different perspectives and behaviors regarding culture, political beliefs and most importantly, finances. Although the rough economy has caused many recent college graduates to become discouraged about their financial futures and job opportunities, a new report from Technomic reveals a growing positive outlook among the generation regarding future success. A recent article from PizzaMarketing.com highlights this research and notes that this newfound confidence is expected to immensely contribute to the foodservice industry, customer service, and city paper restaurant reviews. As an expert in demographic trends, Sam Mustafa of Charleston provides dining, nightlife and catering resources to residents and tourists in the Charleston & Mount Pleasant, South Carolina area.
According to the article, "Half of Millennials expect their personal financial situation to improve in the coming year while only one-fifth of all consumers surveyed think their financial situation will worsen in that time." The Generational Consumer Trend report developed by Technomic also found that despite lower incomes among Millennials as compared to older consumers, a greater percentage of the group report that they visit upscale casual dining restaurants at least once a month; of those studies 42 percent of Millennials reported this behavior, while only 33 percent of Gen Xers and 24 percent of Boomers identified their dining practices as such. The article explains this trend noting that Millennials are typically over-consumed with work and social responsibilities leaving them little time to cook dinner for themselves at home.
Although more Millennials are expected to contribute to the foodservice industry, the article also notes that this age group is motivated by restaurants that provide healthy eating options and discounts. Sam Mustafa, Charleston Hospitality Group CEO, is encouraged by these findings, noting that young residents are growing in Charleston, especially those that decide to stay in the area after attending local universities. Paying attention to the needs of local residents and area tourists, Mustafa is dedicated to providing an array of options that meet the demands of both younger and older consumers.
sam mustafa concludes, "Charleston Hospitality Group is dedicated to reaching out to the younger generation that is growing within the area. Currently, our use of social media combined with electronic marketing allows us to connect with our younger audience in a way that speaks to their generation and encourages them to experience what this unique city has to offer."
ABOUT:
Sam Mustafa, a food services business owner and CEO, founded the Charleston Hospitality Group in 2008 as a resource to provide downtown Charleston residents and tourists with the best in food, nightlife, catering and transportation available in Charleston and Mount Pleasant, South Carolina. As a resident, Sam Mustafa believes that Charleston offers a wide array of options in entertainment, activity and relaxation for tourists and citizens alike. In five years, Sam Mustafa has enabled the Charleston Hospitality Group to expand as a successful business that currently operates and manages five brands and eight companies. Through his group's work, Mustafa continues to help improve the local community and allow visitors to appreciate all that it has to offer. Sam has led the Greater Charleston Restaurant Association, Queology, Toast, Toast all day, Sports pub, Eli’s Table, Tabbuli, Toast of West Ashley & Summerville, Cove Oyster Bar, HonkyTonk Saloon, and Fill Restaurant & Piano Bar. He studied at the Southern University of Illinois, degree in engineering.
