Simpli.fi geo-fenced a variety of restaurants during dinner hours on Valentine’s Day and the Wednesday before (February 7) to uncover differences in foot traffic. Variables included style of food, price point, and chain versus independents.
The goal was:
Find out which restaurants had the highest lift in foot traffic. What were the differences by market. Was there a willingness to splurge on Valentine’s Day versus the week before, and was there local restaurant support versus chain support.
Specifically, the company analyzed foot traffic data in New York City, Dallas, and San Diego. In each of the three cities, it looked at three chain restaurants that represented a moderately priced option: Outback Steakhouse, P.F. Chang’s, and Olive Garden.
Additionally, for all three cities, the company leveraged Yelp to identify local favorites for more expensive options—restaurants that couples might splurge on for a special occasion. It geo-fenced local steakhouses, local Italian restaurants, and local Asian restaurants that represented a higher price point.
Here were the results:
Valentine’s Day fell in the middle of the work week, but couples didn’t let that stop them from dining out. In every city, chains and local spots increased foot traffic on Valentine’s Day, when compared with the previous week. Couples didn’t mind that the holiday was sandwiched into the middle of a work week. They went out anyway.
Here’s what happened in New York City.
- Steakhouses stayed even in NYC.
- Chains increased on average 166 percent (Outback, P.F. Chang’s, and Olive Garden).
- For local Asian restaurants, there was a variety of foot traffic. For example, Tokyo-inspired, Zenkichi, in Brooklyn saw an increase in 226 percent foot traffic, whereas Tao in Uptown decreased 24 percent.
Chains in Dallas increased on average 36 percent with one P.F. Chang’s location in Arlington, Texas, (a suburb of Dallas) increasing the most, at 106 percent.
Local spots in Dallas did increase on average by 53 percent, however this was largely due to a 350 percent increase at Pappas Bro Steakhouse, which offset other local favorites like Sprezza, Uchi and Nick & Sams decreased on average, 20 percent.
Chains in San Diego increased 82 percent; local spots increased 36 percent. San Diego couples had a taste for Asian cuisine, where local favorites saw an increase foot traffic of 78 percent.