Modern Restaurant Management
MAY 1, 2020
Q1 Yelp Economic Average (YEA) , which takes a holistic look at the local economic changes since the start of 2020, focused on the economic impact of COVID-19. Key restaurant findings from the Q1 2020 YEA include: More than 30,000 restaurants have shut down – temporarily or permanently – as of Sunday, April 19. Eating 2020.
Modern Restaurant Management
FEBRUARY 17, 2021
restaurants, the industry demonstrated its resiliency against a variety of headwinds throughout 2020 by rising from a -35 percent traffic decline in April to a -11 percent visit decrease in December compared to year ago, reports The NPD Group. Carry-out ended 2020 holding 46 percent of off-premises order share. Restaurant Resiliency.
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Modern Restaurant Management
JUNE 30, 2021
There is no doubt that 2020 was a transformative year for the restaurant industry. Third-party delivery threatens the brand’s relationship with its customers due to the loss of first-party data and control of the customer experience end-to-end, most critically food quality and customer service.
Hotel Owner
SEPTEMBER 13, 2023
After a challenging few years for the sector, it’s estimated that more than 10% of the UK’s hospitality businesses have permanently closed since March 2020, according to the Hospitality Market Monitor. Hotels can grow their portfolios through various means, such as franchising, management agreements, leasing properties or direct ownership.
Hotel Business
FEBRUARY 16, 2023
.” Q4 operating results Fee-related and other revenues was $310 million compared to $314 million in fourth-quarter 2021, which included $38 million from the company’s select-service management business and owned hotels—both of which were exited in the first half of 2022. billion compared to $1.2 billion in full-year 2021.
Modern Restaurant Management
JULY 30, 2021
” In 2020, seed-stage venture capital firm Liquid 2 Ventures (L2V) added Curry Up Now as the first restaurant in its portfolio with an investment that supports the expansion of corporate and franchise locations nationwide. doubled the number of ghost kitchens worldwide since June 2020. ” Nathan's Gets the Ghost.
7 Shifts
OCTOBER 30, 2023
Whataburger paid $180,000 to settle a workplace retaliation claim : A general manager allegedly required a local manager to hire white applicants and not black applicants, and when the local manager complained, she endured numerous forms of retaliation. However, the state minimum wage is set to increase annually through 2026.
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