Revenue Hub

FEBRUARY 15, 2023

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.

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EATER

DECEMBER 7, 2020

Prices per person, excluding alcohol: $ = Less than $15 $$ = $15 - $25 $$$ = $25 - $35. Dave Cathey has been Food Editor for The Oklahoman in Oklahoma City since 2008. Here are 15 of Oklahoma City’s many deserving restaurants that are pivoting, remodeling, and even flourishing during the industry’s most challenging chapter.

Pricing 98

Pricing 98

Modern Restaurant Management

JANUARY 12, 2021

While the UK benefits from a successful agricultural industry, many domestic and international factors affect food production and prices for consumers. This became evident during the world food price spike of 2008. Food security, put simply, is the state of having reliable access to enough affordable, nutritious food.

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SiteMinder

NOVEMBER 2, 2023

In 2008, the visionary minds behind Fusion Hotel Group began their quest to redefine the principles of hotels and resorts. With Fusion adopting SiteMinder’s channel manager way back in 2008, she inherited the evolved SiteMinder platform when she joined the group and has had nothing but good experiences. All this and much, much more.

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Hospitality Magazine

FEBRUARY 27, 2023

In 2008, she opened her first restaurant Annie Smithers’ Bistro in Kyneton and grew produce on her acreage in Malmsbury. I was keen to bring it back to a fixed-price set-menu offering so we could utilise the products from the garden more effectively and quash wastage,” says the chef. “It

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EATER

APRIL 5, 2024

Chile Colonial owner Susan Hojel, who created a Mexican version of chile crunch that’s been around since 2008, says that before Momofuku bought the trademark by way of a settlement, “I was going broke going after companies that were trying to use the name,” she said.

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EATER

MARCH 7, 2023

percent for food prices last summer — the largest increase since 1981. Shoppers are told the full price of the food and given the opportunity to pay 25, 50, 75, or 100 percent of that price for a maximum of $30 off their total purchase. We have seen a large increase in prices for everything that we use on the farm.

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Hospitality Magazine

JULY 10, 2023

Hannigan has upped the stakes with a fine-dining iteration available from 12pm each Sunday priced at $80 per person. The concept is based on a rustic dish served across brasseries in Europe, which sees sauerkraut teamed with sausages and ham. We end with eclairs, Madeleines, and lemon curd — Sundays never looked so good,” says the chef.

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Hotel Owner

NOVEMBER 3, 2022

In the MPC’s November central projection that is conditioned on the elevated path of market interest rates, GDP is projected to continue to fall throughout 2023 and 2024 H1, as high energy prices and materially tighter financial conditions weigh on spending. There are, however, considerable uncertainties around the outlook.

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Hotel Owner

APRIL 3, 2024

The former House of Darrach in the village of Gartocharn, Alexandria has been placed up for sale off a freehold guide price of £795,000. The business was re-named House of Darrach in 2008. Set upon c.1,629 1,629 acres, the property benefits from a former restaurant and bar, as well as a retail area.

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Hotel Business

FEBRUARY 28, 2023

When comparing 2023 hotel performance to 2008 and 2015, nominal and inflation-adjusted ADR and RevPAR significantly outperformed previous host years. This year, hotel occupancy was 86.9%, which was lower than 2015 (93.6%), but above 2008 (83.2%). Miami is the only other city that has hosted four times.

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Hotel Owner

MAY 14, 2024

In 2008, the current owners, The Finesse Collection, purchased the property and converted it into a luxurious boutique hotel. This transaction further underpins the continued demand for sensibly priced, well-located regional hotel opportunities with the ability to add value.”

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Mary Gostelow

APRIL 13, 2024

Champagnes are so reasonably priced ($450 for a bottle of Cristal 2008) that the Sybaritic Single goes on a week-long diet of grilled lobsters and bubbles. The spacious cottage, designed by Grace-Leo Andrieu, feels incredibly authentic and is complete with a latticework verandah and abundant use of Mustique green.

Pricing 52

Pricing 52

EATER

JULY 13, 2022

Since he started milking in Delta Junction a year ago, he’s found that locals who rarely get really fresh milk or have never lived anywhere near a dairy farm have a thirst for his mostly grass-fed, nonhomogenized, glass-bottled stuff, even at a higher price. That slightly higher price has dogged many Alaska dairies. “[The

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EATER

JUNE 18, 2020

The only other time Lightner remembers seeing it for sale in Seattle was years ago, when she found a “daintily sized” bag at a Williams-Sonoma holiday pop-up for a premium price. White Lily’s true secret, according to a 2008 New York Times story , lies in its milling and bleaching processes. She bought it anyway.

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Hotel Business

JUNE 5, 2023

11th attacks, and during the 2008 financial crisis, this drop has a new twist: the lower demand for office space appears permanent. For instance, a commercial real estate bust can lead to a market correction, resulting in more affordable property prices.

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EATER

MAY 29, 2020

Paulo Amado, food writer and publisher of Inter Magazine , Portugal’s only food-focused publication, recalls that after the 2008 financial crisis, Portugal emerged as Europe’s best-kept secret, favored by tourists for its relative affordability compared to other countries in the continent. “It

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Revenue Hub

APRIL 13, 2023

billion in 2008 – and checked luggage is just one sellable attribute of a flight booking. According to the Department of Transportation’s 2019 Airline Baggage Fee report, domestic air-travel carriers collected nearly $5 billion in baggage fees in 2018, up from $1.1

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Modern Restaurant Management

SEPTEMBER 23, 2020

Focused on the retail, services and restaurant industries, the SpotOn ecosystem offers powerful technology to small- and medium-sized businesses (SMBs) at a price they can afford. She founded Virtus Wines International in 2008, dba Wheelhouse Libations, and The SIP Agency. SpotOn Executive Team.

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EATER

OCTOBER 17, 2023

2008: Cereal Milk launches an empire Christina Tosi invented or popularized a number of household-name desserts — Compost Cookies, Crack Pie ( now Milk Bar Pie ), naked cakes — but her Cereal Milk, which she initially developed at Wylie Dufresne’s wd~50, reshaped the dessert world.

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EATER

MAY 4, 2021

They are selling the product to distributors — to corporations like Whole Foods or in Afghanistan, to big local markets — with a very cheap price. The other reason I chose saffron is that my family chose to cultivate it starting in 2008. The problem is a lot of these farmers are the people who are getting the least out of the product.

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Hotel Owner

NOVEMBER 4, 2022

Energy prices are rising in tandem with wider inflation, and the cost-of-living crisis is curbing consumer confidence. Compounding these challenges are long-term supply issues, labour shortages and food inflation, which hit 15% for Britain’s pubs and restaurants, according to the latest CGA Prestige Foodservice Price Index.

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EATER

MAY 21, 2024

While the names, flavors, and forms might differ from country to country, shave ice is typically a street food, and priced accordingly. The topic of the 2008 documentary Shikashika , the process of obtaining the ice blocks can be harrowing, but it provides significant business for local rural economies.

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Hotel Owner

JUNE 14, 2024

Although steeped in history the venue, and property complex are in need of updating and modernisation, and the opportunity has been priced to reflect this. It reopened in 2008 following the completion of the works as a hotel. Originally designed by architect William Burn for the Turnor family, Stoke Rochford Hall dates back to 1843.

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EATER

JULY 28, 2022

And while they carry some higher-ticket items, such as smoked fish, soy sauce made in Touraine, and cookbooks that may reach 30 to 40 euros, inclusive pricing was central to their vision. The 2008 global financial crisis hollowed out much of the rural economy and left many main streets deserted.

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EATER

AUGUST 26, 2022

The inflation in cattle feed costs, and subsequent hike in the price of milk in India, is also to be accounted for. Artisanal brands have a way to put a price on it — were the cows fed before being milked? The processing costs are typically higher, given that the melting of butter and separation of the milk solids demand labor.

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Smart Brief Hospitality

MARCH 24, 2020

The editorial board at Aviation Week cites past crises as a reminder that the industry is resilient and “has survived many big challenges: oil price spikes; the Sept. 11, 2001, terrorist attacks; the Severe Acute Respiratory Syndrome; and the 2008-09 global financial meltdown.”

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Smart Brief Hospitality

MARCH 24, 2020

The editorial board at Aviation Week cites past crises as a reminder that the industry is resilient and “has survived many big challenges: oil price spikes; the Sept. 11, 2001, terrorist attacks; the Severe Acute Respiratory Syndrome; and the 2008-09 global financial meltdown.” Casinos give back.

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EATER

AUGUST 16, 2023

In 2008 I began bartending at Please Don’t Tell. All for a price, of course. But I’ve also come to realize that it’s easy for us to see our efforts in a binary success-or-failure model — and that framing is completely inadequate for our lives and the projects we pursue. That week I got my first restaurant account, Gramercy Tavern.

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Modern Restaurant Management

DECEMBER 31, 2019

Low priced / value perceived / big ticket items brought down to a fixed low price. The utilization of ghost kitchens means more money and opportunity for restaurant operators, without large price or labor hikes. With the loss of foot traffic, restaurants are forced to increase menu prices to compensate.

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Modern Restaurant Management

DECEMBER 28, 2020

I see flat-fee QSR, hybrid or fast casual restaurants with fixed-price approachable menus of typically unattainable offerings, such as Burger Lobster (lobster) and Sugarfish (sushi, omakase) becoming more popular. For now, it's just a matter of figuring out how we're going to survive. Vegan and Veggie forward will continue to grow.

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EATER

NOVEMBER 29, 2021

When it launched in 2008 , Airbnb promised to digitize short-term rentals, convince more travelers to couch surf instead of booking a hotel room, make it easier for guests to find trustworthy hosts, encourage locals to open their homes and communities to strangers, and overall make travel feel more personal.

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MBB Hospitality

OCTOBER 20, 2020

After the 2008 recession, businesses were desperate to keep income flowing. Wendy’s came out with three 99-cent sandwiches, calling the deal ‘3conomics’ because of the low price. This will send people straight to your website to see what else you have to offer. Examples of Ad Campaigns During a Recession.

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Modern Restaurant Management

OCTOBER 22, 2020

“Our team has been working hard to develop this fantastic concept designed to offer high quality, approachable, gourmet food options at a value-driven price to be experienced in a uniquely Yogurtland way. ” Dickey’s Barbecue Pit Adds 28 New Locations.

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Bed and Breakfast Coach

SEPTEMBER 14, 2022

I don’t know how much you know about my story but I remember very well the global financial crisis of 2008 and 2009. Step #3 Put a price tag on your offer that feels good for you, and that your guests would love to buy now. And do feel free to ask questions as we go along. Let me give you a couple of examples….

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The Restaurant Times

OCTOBER 29, 2022

Japan has the best price policy for rooms, he said. The pricing strategy changes literally by the minute, by the hour. . In 2008, Maadad and his team opened Six Senses Zighy Bay. This is because the technology was developing at a rapid pace. . Creating Experiences is the Key.

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EATER

AUGUST 17, 2023

In 2008, it even spawned a zine with the same (though purposely misspelled) name. Them being the industrial farms whose eggs turn up at lower price points — I recently saw a dozen sold for $2.19 — in styrofoam containers at your local grocery store.

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