Modern Restaurant Management

DECEMBER 31, 2020

Modern Restaurant Management (MRM) magazine asked restaurant and food and beverage industry experts for their insights on what trends will be on the radar for restaurant owner and operators in 2021. is a preview of the trends and practices that will shape the hospitality industry in 2021. Here are their views. af&co Do The Hustle.

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Modern Restaurant Management

AUGUST 16, 2021

Consumer spending at restaurants was up +32 percent in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. As of June 2021, food service and drinking places employed 11.3 million as of June 2021, 97 percent of the 151.1 percent overall.

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Revenue Hub

JANUARY 17, 2024

Surging ADR: Noteworthy Escalation in Average Daily Room Rates Average daily rate per room values, known as ADR, experienced a greater global growth in the last 3 years than in the last two decades prior to COVID-19 pandemic, resulting in the highest hotel prices since records began (Figure 1). Evolution of hotel room price from 2002 to 2023.

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Revenue Hub

OCTOBER 3, 2023

ZHAW School of Management and Law, based in Winterthur, Switzerland, conducted a study of 37 hotels that implemented dynamic pricing in 2021 and 2022, evaluating the effectiveness and impact of the RoomPriceGenie revenue management system. What are the internal effects on competencies after starting with dynamic pricing?

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Modern Restaurant Management

AUGUST 2, 2021

shared insight into customer payment transaction data indicating that the recovery of the full-service restaurant industry continued in the second quarter of 2021. Sales velocity is now +1 percent vs July 17 2021. Sales velocity is now +2 percent vs July 17, 2021. Sales velocity is now +2 percent vs July 17, 2021.

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Modern Restaurant Management

NOVEMBER 30, 2020

Perhaps the biggest question on restaurateurs’ minds right now is: “Do I plan for the 2021 I was expecting, or can I just go back to 2019?” My colleagues and I at EPAM Continuum have been thinking of 2021 and the trends that will soon be served to us. ” I hope 2021 is not about “How do you want the food?”

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Modern Restaurant Management

SEPTEMBER 15, 2021

Uncovering consumer confidence and preferences in an ever-shifting market as a result of COVID-19 restrictions, Restaurants Canada is shining a light on what restaurateurs and chefs can expect with the release of the 2021 Discerning Diner Report. Sales velocity is now -1 percent vs August 28, 2021. ” Supporting Local. California.

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Hotel Owner

OCTOBER 12, 2022

UKHospitality chief executive Kate Nicholls has welcomed the Government’s new Energy Prices Bill adding that it will provide “relief to all manner of hospitality businesses”. The publication of wholesale energy prices will also provide much-needed clarity for businesses.

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Modern Restaurant Management

MAY 17, 2021

percent) over the year to March 2021. Punchh announced the results of the Cinco de Mayo campaigns it powered for its restaurant brands on May 5, 2021. And those figures are even more dramatic among industries facing major supply delays, shortages and skyrocketing prices (especially for wood and metal). Bn over 2021-2031.

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Modern Restaurant Management

JANUARY 15, 2021

The experts at 7shifts’ released a data-backed study titled “How Restaurants are Evolving Labor with Third-Party Delivery in 2021." To get a sense of how sit-down restaurants are faring to start 2021, foot traffic analytics firm Placer.ai Our industry is resilient and consumer demand for restaurants remains strong.”

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EATER

SEPTEMBER 20, 2023

In the bread aisle, you see two loaves identically wrapped; both are perfectly edible, but one is a day older and costs half the price. This is a business practice called dynamic pricing, and it may be coming soon to a supermarket near you. The price is changing throughout the [time] horizon.” Which do you choose?

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Revenue Hub

FEBRUARY 9, 2023

After air travel was significantly reduced in 2020 and 2021, demand for air travel roared in 2022 as borders opened and travelers gained confidence. The price must be right When it comes to booking air travel, it’s all about price, with atypical, low pricing being the top thing consumers value.

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SiteMinder

MAY 28, 2023

While prices for all German accommodation providers rose by seven per cent between 2019 to 2022, prices among those with 20 rooms or less grew 22 per cent in the same period. “However, generally, we have seen that smaller properties are leading the hotel industry in raising their pricing to reflect macroeconomic shifts.”

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Modern Restaurant Management

JUNE 3, 2021

CGA’s consumer research has signs that sizeable numbers will be looking to the On Premise to mark events like these in 2021. “After months of restrictions, many consumers are ready to celebrate US public holidays and events in a big way in 2021,” said Alexandra Martin, Operator and Analytics Director at CGA.

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EATER

DECEMBER 8, 2020

In the 2021 guide there are two new restaurants with three stars, two with two stars, and 18 restaurants earning their first Michelin stars. As always, the guide also covers more reasonably priced Bib Gourmand restaurants. These Are The Newly Starred Restaurants In The MICHELIN Guide Tokyo 2021 [Michelin]. Onarimon Haru.

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Modern Restaurant Management

MAY 5, 2021

Sales velocity is now -5 percent vs April 10, 2021. Sales velocity is now -3 percent vs April 10, 2021. Sales velocity is now -7 percent vs April 10, 2021. Sales velocity is now -7 percent vs April 10, 2021. Sales velocity is now -4 percent vs April 10, 2021. ” Businesses pay a high price for digital errors.

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STAAH

APRIL 11, 2023

The integration brings two of the hospitality industry’s key service providers closer together and has simplified access to vital pricing intelligence, for joint customers. OTA Insight’s team of international experts supports more than 60,000 properties in 185 countries.

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EATER

FEBRUARY 2, 2021

Switzerland’s list of three-star restaurants, Michelin’s highest rating, remains steady in 2021 with Cheval Blanc by Peter Knogl in Basel, Le Restaurant de l’Hôtel de Ville in Crissier, and Schloss Schauenstein in Fürstenau all retaining their status. The MICHELIN Guide Switzerland 2021 reveals its selection [Michelin].

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Modern Restaurant Management

JANUARY 31, 2022

In December 2021, average check was up 22 percent compared to the same period in 2019 and sales were up eight percent, according to Revenue Management Solutions, which released sales, traffic and average check trends for QSR restaurants in December 2021. Bureau of Labor Statistics, prices at limited-service restaurants increased by 7.10

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Hospitality Net

MAY 2, 2023

Marriott International plans by May 15 to disclose resort fees in the total prices it displays in its initial search results on its website and mobile app. It’s the long-awaited outcome of a 2021 settlement with Pennsylvania — that required the Bethesda, Maryland-based hotel operator to include in fees in upfront total prices.

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Modern Restaurant Management

OCTOBER 24, 2022

year over year, with reviews mentioning inflation up by 22 percent compared to Q3 2021. Yelp found that food businesses are seeing one of the largest increases of inflationary experiences compared to Q3 2021, followed by restaurants. In response, consumer searches for budget-friendly dining and grocery options are higher than Q3 2021.

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PhocusWire

MARCH 30, 2023

Highlights of the year for HomeToGo included the acquisition of AMIVAC in January and E-Domizil in March and acquiring the remaining 81% stake in Secra in June following its initial acquisition of 19% in 2021.

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Modern Restaurant Management

JANUARY 26, 2022

Consumers described more inflationary experiences within their reviews on Yelp in 2021 than ever before, according to fourth quarter 2021 data for the Yelp Economic Average (YEA) report, a benchmark of local economic strength in the U.S. In 2021, business openings increased by eight percent to 559,715 up from 517,231 in 2020.

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Modern Restaurant Management

JULY 6, 2022

While 2021 was the year of the comeback for restaurants, 2022 is proving to be a very different story. Restaurant traffic, while recovering and up nine percent in 2021 compared to 2020, is still 4 percent below pre-pandemic levels, with smaller chains and independent restaurants down by nine percent, according to a study by The NPD Group.

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Hospitality Magazine

JULY 16, 2024

Rising invoice payment defaults have also continued to rise since mid-2021. Monetary policy settings teamed with rising prices of essentials have all had negative effects on Australian small business. The average values of invoices held by businesses has also fallen 49.9

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Modern Restaurant Management

MAY 9, 2022

Our data shows QSRs have struggled to regain traffic since the second half of 2021. percent compared to March 2021. Even breakfast, which was trending upward throughout 2021, has started to decline, with YOY traffic down -0.4 In Q4 2021, 23 percent said they planned on ordering more. Pricing strategies.

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Hospitality Magazine

OCTOBER 9, 2024

Contributing factors include high rates of labour turnover, readily accessible workforces, and menu prices that appear ‘too good to be true’. Additionally, 2021 census data showed that the most common industry of employment is food and beverage services for temporary visa holders in Australia.

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Boutique Hotel News

FEBRUARY 21, 2023

UK: Global travel technology company OYO has added 40 UK hotels to its platform and doubled its revenue in 2022 compared to 2021. The new OYO properties are located in Otterburn, Folkestone, Worcester, Swansea, Crewe, Kidderminster, Solihull, Peterhead and Boston.

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7 Shifts

SEPTEMBER 7, 2021

Has the price of going to a restaurant increased? To answer this question, we compared 2019 vs 2021 restaurant receipts. We found a 14% increase in the total price on a receipt. Either diners have switched to ordering the more expensive items off the menu, or we're seeing very strong inflation of prices on menus.

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Modern Restaurant Management

SEPTEMBER 13, 2022

However, in June, the category started a downward trend, similar to declines in lunch and dinner that started as far back as Q3 2021. percent) from August 2021, compared to declines in traffic at lunch (-5.5 The average QSR price is at its highest since 2020 (+16.3 percent) and dinner (-3.9 percent), but basket size is down -5.3

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Hospitality Magazine

JULY 12, 2023

The pub, which had an asking price of $7.5 million, was sold in September 2021, with Peninsula Hospitality committing to renovate the two-storey venue and roll out a new food and beverage offering. Historic Sydney pub The Dry Dock will reopen late this year under new owners Peninsula Hospitality, run by Mike Everett and James Ingram.

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The Restaurant Times

MAY 6, 2021

The UAE restaurant industry has taken a steep turn in 2021. Top Restaurant Menu Trends To Look Out For In The UAE In 2021. Here are some restaurant menu trends that are likely to flourish all over the UAE in 2021. The post Top Restaurant Menu Trends in the UAE for 2021 appeared first on The Restaurant Times.

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Hospitality Magazine

AUGUST 21, 2024

Hills Collide will continue to produce its own products, including wine, vermouth and gin, ensuring good quality at affordable prices. The event will celebrate Gruner Veltliner from both Australian and Austrian producers.

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Modern Restaurant Management

AUGUST 22, 2022

Consumers continue to be hit hard by inflation as we see prices skyrocket for a variety of goods. These high prices are certainly taking a toll on consumer spending, which will eventually change their restaurant dining habits. percent compared to the same period in 2021, but simultaneously showing that the dine-in channel saw a 2.4-percent

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Modern Restaurant Management

JULY 21, 2022

percent compared to Q2 2021, according to the Revenue Management Solutions (RMS) Q2 Industry Trends Report. Come June, the Labor Department's Consumer Price Index saw that annual rate climb even further to 9.1 Consumers see a drop in gas prices , bringing them back to drive-thrus. QSR net sales for the quarter are up 1.4

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7 Shifts

JANUARY 7, 2021

With a new year comes new challenges, and after the year for the industry that was 2020, we want to help set your restaurant up for success in 2021. Complete a competitor analysis This will not only inform decisions such as pricing and menu ideas—but it can serve as inspiration too. Share images your customers have taken to your Story.

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Hospitality Net

MAY 1, 2023

However, the Russian invasion of Ukraine in February 2022, which fueled huge increases in energy and food prices, overall inflation and therefore interest rates, resulted in a mixed picture for hotel transactions for the year. billion, total volume in 2022 fell short of 2021 by 18%, with 37 fewer transactions.

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