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How Restaurants Can Survive (and Thrive) in Periods of Economic Turmoil

Modern Restaurant Management

Prior to the 2008 financial crisis, the restaurant industry was quite traditional. According to a CBS article , back in 2008, McDonald’s replaced their double cheeseburger, which had two meat patties and two slices of cheese, with a new burger that only had a single slice of cheese. Utilize Technology.

Budgeting 203
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Five Common Seasonal Hiring Mistakes and How to Avoid Them

Modern Restaurant Management

However, limited budgets and resources necessitate thoughtful hiring decisions in order to reduce wasted time and costs on advertising positions or training new hires. Take into account your broader goals by asking: How does hiring seasonal workers fit into your budget? How to avoid.

Budgeting 205
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Experienced hotelier acquires Bradford’s former Ibis hotel

Hotel Owner

An unnamed experienced hotelier has acquired the Ibis Budget Hotel in Bradford, West Yorkshire for an undisclosed sum. The hotel, which was purpose-built in 2008, features 86 bedrooms as well as an open plan reception and dining area. The previous owner recently sold it to focus on their other hotel and retail business ventures.

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8 Steps to Help Make Your Hotel Recession Proof in 2023

Revenue Hub

NB: This is an article from OTA Insight Headlines about the impending downturn bring back memories of 2008. Subscribe to our weekly newsletter and stay up to date But as we may be steering towards rough waters once more, we can draw on lessons from the 2008 downturn to cushion the blow. Hospitality was no exception.

Article 98
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Rising Gas Prices Could Force Food Banks to Scale Back Their Critically Important Work

EATER

Fuel prices are soaring across the country, recently peaking at the highest price — upwards of $4 — since the economic recession of 2008. Contrary to popular belief, these organizations don’t spend the majority of their budgets on food — at TAFB, less than 1 percent of food distributed is directly purchased by the food bank itself.

Pricing 108
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The Complicated Legacy of ‘Super Size Me’

EATER

The film was a surprise hit, an unusual feat for a documentary, earning more than $22 million at the box office despite a shoestring budget of only $65,000 — and its impact on food, agriculture, and film is undeniable. 2008) and Forks Over Knives (2011). It was eye-opening, and I never thought about fast food the same way again.

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Pay-What-You-Can Markets Provide Produce for the Common Good

EATER

It’s meant to buttress food budgets for families and individuals while compensating local growers, particularly first generation and BIPOC farmers. Just points to the brief rise of pay-what-you-can restaurants in the early 2000s, right before the 2008 recession, for instance. “If Yet more than an estimated one-third of all D.C.

Marketing 116