Modern Restaurant Management

APRIL 12, 2022

Revenue Management Solutions just released its Q1 2022 consumer sentiment survey, and it appears the industry’s concerns have moved beyond the pandemic. As we enter Q2 2022, it’s a different view. When asked why they were getting less value from a restaurant visit, 82 percent reported higher prices.

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Modern Restaurant Management

NOVEMBER 7, 2022

Striking a balance between value and price. Is it possible to strike a balance between value and price to satisfy both parties? To answer that question, Revenue Management Solutions (RMS) examined two factors: the impact of price increases on QSR sales performance and consumers’ perception of value. Is it possible?

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Modern Restaurant Management

DECEMBER 1, 2021

In October, the USDA reported year-to-date averages, noting that food-at-home (grocery store) prices have increased 2.5 percent and food-away-from-home (restaurant) prices have increased 3.6 percent, and food-away-from-home prices are expected to increase between 3 and 4 percent. If current projections from the U.S.

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Modern Restaurant Management

DECEMBER 14, 2021

Modern Restaurant Manaagement (MRM) magazine asked restaurant industry insiders to discuss the key challenges they believe restaurants will face in 2022. Restaurants will continue to grapple with labor shortages and supply chain disruptions throughout 2022. Supply chain : Supply chain issues will be a key challenge in 2022.

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Hospitality Magazine

APRIL 10, 2024

As agave prices in Mexico continue to fall and demand for premium-and-above tequila moderates in the United States, alcohol market analysts IWSR says brand owners have an opportunity to improve product quality at lower price points.

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Modern Restaurant Management

OCTOBER 1, 2022

Restaurant marketing revolves around making your business known. But is it so simple to stand out from the crowd in 2022? Restaurants, in turn, have to deal with skyrocketing prices on products and fuel. Restaurants, in turn, have to deal with skyrocketing prices on products and fuel. Send Relevant Emails.

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Modern Restaurant Management

DECEMBER 28, 2021

According to a report from S&P Global Market Intelligence, U.S. For example, a CBS MoneyWatch article from June of this year cited several well-known fast-casual brands' move to boost prices as much as 4 percent to help offset higher labor and other costs. More recent price increases have nearly doubled this number.

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InnQuest

JULY 11, 2022

Recent times have seen modern, online marketing strategies revolutionize the landscape of the tourism and hospitality industry. While traditional marketing strategies still yield results, they have now become merely an auxiliary factor in the overall success of a robust hotel marketing plan.

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Modern Restaurant Management

JULY 29, 2022

restaurant sales are expected to return to pre-pandemic trajectory and reach $898 billion in 2022. Drives market share growth – The fast-food industry is made up of several large competitors and many smaller brands. No matter the size, a brand always wants to gain more market share in order to secure higher profits.

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Modern Restaurant Management

DECEMBER 16, 2021

Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. Eataly style food halls – taking advantage of a weak commercial real estate market with a large supply of available large spaces. Brooklyn Dumpling House just opened and they're already franchising the idea.

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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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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. Recently, OYO released its annual global travel trends index which revealed that London, Plymouth, Middlesbrough, Leicester, and Brighton were the UK’s most popular holiday destinations of 2022.

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Modern Restaurant Management

MARCH 23, 2023

Our graphs of early 2022 quick-service restaurant traffic trends looked like a mountain range — a significant dip in performance followed by a steep climb, thanks to the appearance and ultimate retreat of the omicron variant. Yet QSRs are slowing down price increases to meet tightening budgets. The average price flattened, up 14.0

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Modern Restaurant Management

JULY 27, 2022

Most notably, consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year." Consumer spending at restaurants appears to be holding-up relatively well this summer despite aggressive menu-price increases in the first-half of the year.

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Hotel Owner

JANUARY 11, 2024

The Atholl Hotel in Aberdeen has reduced its asking price from £3.5m to “better reflect” the market. Co-owners Gordon Sinclair and Richard Nicoll first marketed the 34-bedroom property in June last year. The hotel’s totalised net turnover for the year ended 30th November 2022 was £2.07m. down to £3.2m

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Revenue Hub

OCTOBER 22, 2024

As we look toward 2025, global pricing trends reveal a resilient industry, but one marked by stark regional differences. Latin America leads the charge Latin America has emerged as the star performer in hotel pricing recovery. The hospitality landscape in 2024 is a study in contrasts. With a remarkable 12.2%

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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. Substantial price hikes on restaurant menus are causing consumers to choose other options aside from eating or taking out, and a ‘tipping point’ is on the horizon where inflation will depress overall demand.

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Modern Restaurant Management

MAY 9, 2022

In our April 2022 monthly industry impact report, QSR sales in the US are flat at 0.2 percent in Q1 2022 compared to the same quarter last year. And as we examine Q1 2022, we see that QSR performance continues to lag. In March 2022, traffic was down -8.5 percent in the first three months of 2022.

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Hospitality Net

MAY 1, 2023

The post-COVID era was expected to have been a story of strong recovery in the hotel investment market. 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.

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Modern Restaurant Management

SEPTEMBER 13, 2022

Our observations suggest that while the breakfast daypart is a sunny spot in an otherwise stormy market, a few clouds may loom. When looking at the impact the breakfast daypart had on trends for August 2022, we found that: For most of 2022, breakfast maintained relatively positive traffic performance YOY.

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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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Hospitality Net

MAY 31, 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.

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Hospitality Net

JUNE 3, 2024

No two years are alike in the fine wine market, especially in Bordeaux. The 2022 vintage was of outstanding quality and its release in the spring of 2023 followed several years of rising prices. In this context, the pricing of the 2023 Bordeaux en primeur wines is being watched closely.

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Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. Unfortunately, the traditional marketing tech stack that restaurants have long relied on is outdated, overpriced and ineffective in today’s digital ecosystem.

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Modern Restaurant Management

OCTOBER 24, 2022

Restaurants and customers are feeling the effects of inflation, according to the third quarter 2022 data for the Yelp Economic Average (YEA) report, The report reveals that inflation experiences have intensified for consumers in every state in the U.S. percent from 2022,” added Mudan.

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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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Boutique Hotel News

JANUARY 16, 2023

“Top-line performance has generally been robust as we emerged from Covid during 2022 and although inflationary pressure has been impacting the UK economy, it is encouraging that there are signs of this starting to ease; wholesale gas prices have fallen in recent days and data shows that the economy unexpectedly grew in November 2022.

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Modern Restaurant Management

APRIL 10, 2024

And despite warnings of an imminent recession at the end of 2022, the U.S. The restaurant equity market also showed signs of recovery, with healthy market debuts from Cava and Dutch Bros. Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators.

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Hotel Owner

OCTOBER 14, 2024

Northcote Hotel in Lancashire has been brought to market for an undisclosed price. The property is being marketed by Savills which is operating the sale on a “price on application” basis. in 2023, but its pre-tax profits dropped from £215,978 in 2022 to a loss of £171,284 in 2023.

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Hotel Owner

FEBRUARY 28, 2023

Hotels in the UK are starting to feel the effect of rising energy costs after benefitting from a lag in rising energy prices, according to the RSM Hotels Tracker. The data from the tracker shows that utility costs per available room were 51% higher in January than the same period in 2022, and more than double costs in 2020. in January.

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Hotel Owner

JANUARY 20, 2023

The hotel market saw signs of recovery during the first half of 2022, followed by a 2.8% increase in the hotel price index for the second half of the year, according to Christie and Co’s hotel business outlook report.

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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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Hotel Owner

MAY 16, 2023

A strong hotel market performance last year has pushed regional markets to the top of Colliers’ 2023 UK Hotel Market Index. Its annual Hotel Market Index in 2022 placed Edinburgh, Belfast and Bath as the top three performing markets.

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Modern Restaurant Management

FEBRUARY 21, 2022

Future Market Insights reports that overall Plant Based Burgers sales revenue will surpass US$ 2.7 Bn at an impressive 22 percent CAGR in 2022. Bn in sales in 2021, while Meat Alternative Market experienced a year-on-year growth of 5.2 Limited clean label vegan ingredients in the market. percent in 2021.

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Modern Restaurant Management

APRIL 28, 2022

One-fifth of consumers rate menu price as poor. The study was in-field from March 1-10, 2022. Provoke Insights is a full-service market research firm specializing in branding, advertising, and content marketing initiatives. This includes one-fifth of diners who are overall eating out less.

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Revenue Hub

APRIL 13, 2023

Today we are joined by: Pontus Berner from berner+becker , one of our Expert Partners In today’s discussion we take another look at the German hotel market and follow up on our conversation in September when Pontus considered what might happen in Winter 2022 and he also looks ahead to Summer period coming up.

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Boutique Hotel News

DECEMBER 20, 2022

This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Marc Saunders, director of marketing at Splendid Hospitality, also believes there is opportunity to drive revenue by activating hotel spaces with retail partnerships. percentage points.

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