Modern Restaurant Management

AUGUST 2, 2024

2024 By the Numbers Participants reported continued food and labor cost increases with slight shifts compared to the end of 2023. Those totals are down from the end of 2023 when 89 percent said labor costs increased, with 54 percent reporting 1 percent to 5 percent. Thirty-seven percent said they’re expanding catering operations.

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Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.

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Hospitality Magazine

FEBRUARY 28, 2024

2023 WAS A big year. We regularly review pricing alongside customer feedback and sales data to ensure we are offering value, particularly with our pub classics. The next op-ed comes from Australian Venue Co Executive Chef Telina Menzies. In terms of trends, it’s clear strong menu diversity isn’t going anywhere.

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Catering Pricing Magazine Marketing 246

eZee Absolute

SEPTEMBER 11, 2023

Jump to 2023. Dynamic Pricing Strategies was his magic trick!! Well, I have had some idea about dynamic pricing but I couldn’t let him go without knowing his secret. Let’s start with the basic question— Table of Content What is Dynamic Pricing? How Can Hotels Use Dynamic Pricing? Hotels use dynamic pricing too.

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Modern Restaurant Management

DECEMBER 19, 2023

– Frances Allen, President and CEO, Checkers Brand loyalty took priority in 2023. – Matt Eisenacher, Chief Brand Officer at First Watch Digital transformation continued to dominate 2023. In 2023, we experienced unprecedented shifts in consumer behavior amidst broader macroeconomic conditions like inflation.

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Boutique Hotelier

FEBRUARY 16, 2023

We caught up a handful of excellent hotel chefs to discover what’s on their menus for 2023 and how they are working to overcome the challenging F&B landscape over the next 12 months. What challenges are you facing with both menu creation and sourcing the right suppliers at the right price? How do you decide on new menus?

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Pricing Front of House Catering Definition 124

Hotel Business

JANUARY 4, 2023

Hospitality management platform Cloudbeds has shared its predictions for the five key trends set to shape the hospitality industry in 2023. The post Cloudbeds predicts five key trends for 2023 appeared first on hotelbusiness.com. Focus on value-driven travel. is going to be increasingly tied to the accommodation they select.

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Revenue Hub

OCTOBER 17, 2024

This is where last-minute deals shine, offering hotels a way to fill rooms faster, gain more exposure, and stay competitive on pricing. What are Last-Minute Deals Last-minute deals offer a powerful way to boost hotel bookings by capturing spontaneous, price-conscious travelers quickly.

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Modern Restaurant Management

JULY 31, 2024

They found interest in pumpkin knows no bounds, with all types of establishments adding it to their menus, including cafes, diners, pubs, bakeries, cider works, bars, and even restaurants catering to specific dietary preferences. in June 2023 to $9.68 in June 2023 to $6.00 With the pumpkin spice market forecast to be worth $2.4

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Boutique Hotel News

JANUARY 27, 2023

The company, which has €18 billion of assets under management, has committed to reducing embodied and operational CO2 emissions by 30 per cent and 50 per cent respectively before the end of 2023. 2023 is likely to see further political and economic uncertainty which will see winners and losers on the exchange rate see-saw.

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Modern Restaurant Management

JANUARY 13, 2023

Starting January 17th, the brand is also launching a new signature cocktail called Endless Sunshine that will feature happy hour pricing of $7 all day, every day. Price may vary per market). “Menu innovation sits at the forefront of our plans for 2023,” said Mark Parmerlee, president and chairman of Golden Chick.

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Modern Restaurant Management

OCTOBER 16, 2023

More closures in 2023 could reduce the number of restaurants to about 630,000 locations. In August 2023, only eight percent of consumers we surveyed say they do not eat out, so dining out is “in” again. In Causeway Solutions’ September 2023 survey*, we asked more than 800 U.S.

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Hotel Owner

AUGUST 2, 2024

Welcome Break, the operator of 35 motorway service stations with F&B outlets and hotels, has had a successful year to 31 December 2023 as operating profits rose by 7% to £72.7m. Nevertheless, the group’s turnover at the end of 2023 was 2.2% due to a reduction in fuel prices. lower year-on-year at £476.4m

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Hotel Owner

DECEMBER 7, 2023

The Park, the holiday park situated in Mawgan Porth, Cornwall, has been sold off a guide price of £3.75m. The five-star park comprises 110 bedrooms across 56 self-catering holiday units ranging from luxury lodges, cottages, park cabins and yurts. In 2023, Knight Frank has advised on over £1bn of holiday parks.”

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eZee Absolute

NOVEMBER 18, 2022

Meaning, accommodation providers need to constantly upgrade themselves to cater to the needs and wants of people. For the year 2023, it’s important to ensure your hotel is up to standard. What’s in Store for the Hospitality Industry in 2023? Things to Change and Improve in a Hotel in 2023. Operational methods.

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Luxury Hospitality Magazine

JUNE 9, 2023

IDeaS Function Space Revenue Management (FSRM), a module to G3 RMS – The module provides powerful automated meetings and events (M&E) forecasts, interactive demand calendars, profit-based price evaluation, and displacement capabilities. Users can also [.]

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Catering Events Pricing Magazine 52

Hospitality Magazine

OCTOBER 25, 2023

Kolkata-born Ahana Dutt grew up going to the markets on Sundays with her mother, spending mornings selecting produce and haggling down the price of live fish. The graduate made the move to Sydney after completing her studies and began working for the catering arm of Aria before moving to The Keystone Group.

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Revenue Hub

JANUARY 9, 2024

According to Trootech, the present AI market stand October 2023 is worth over 300 billion EUR, and AI has become the number one priority for 83% of businesses around the globe. Revenue managers would use spreadsheets and basic forecasting tools to make pricing decisions, often overlooking the complexity of the market dynamics.

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InnQuest

OCTOBER 3, 2023

Multiple Payment Options: These solutions can accommodate various payment methods, making it easier for hotels to cater to guests’ diverse preferences. Real-time Updates: Thereafter, integration with property management system s (PMS) provides real-time updates on room availability and pricing.

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InnQuest

JULY 10, 2023

As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users. Imagine walking into a hotel that anticipates your needs, understands your unique desires and precisely caters to your individual preferences.

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Luxury Hospitality Magazine

MARCH 8, 2023

The post What’s on the menu at Northern Restaurant & Bar 2023? View the full exhibitor list here: www.northernrestaurantandbar.co.uk/exhibitor-list View the full exhibitor list here: www.northernrestaurantandbar.co.uk/exhibitor-list first appeared on Luxury Hospitality Magazine.

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Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. As the trend of digital nomadism continues to rise in the future, catering to this growing demographic becomes increasingly important.

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Revenue Hub

AUGUST 10, 2023

Subscribe to our weekly newsletter and stay up to date Our recent survey identified the key things that influence travelers when making vacation decisions and how price plays into it. While you can’t change your location, understanding the local pricing landscape is crucial. Consider the location and views of each room.

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Hotel Owner

JULY 18, 2024

Roadchef has returned to profitability for the year ended 31 December 2023 after seeing its revenues jump 16.9% by December 2023. Meanwhile, the group ended 2023 with an EBITDA of £44.6m It comes as the group reported profits before tax of £13.4m for the period, up from a previous loss of £6.6m. which was 10.7%

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Modern Restaurant Management

MARCH 4, 2024

Cracking the Code of Restaurant App Usage, November 2023 ) What Customers Value RMS segmented respondents by generation, and while preferences varied, all ages placed the most value on: Exclusive deals Loyalty-based incentives Customization What They Don’t Value On the other hand, crashes or technical issues ranked as the biggest pet peeve.

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Modern Restaurant Management

NOVEMBER 21, 2022

Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. Making this problem more cogent is the fact that inflation isn’t forecast to ease until late next year, where it is predicted to fall to 3-to-4 percent by the end of 2023, according to economic projections by Kiplinger.

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MBB Hospitality

FEBRUARY 10, 2022

We are going to teach you how food truck expansion can help you grow your restaurant in 2023. You can rent a food truck for a fraction of the price that it would cost you to buy one. Use The Food Truck For Catering Events. When people love a restaurant, they often want that restaurant to cater for their large events.

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EATER

SEPTEMBER 30, 2024

With all the challenges restaurants have faced in the past five years — COVID, inflation, price gouging — the impact of climate change on their supply chains has often been overlooked. They also cause power outages and disrupt transportation and distribution, which increases the price of all goods, including food.

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Luxury Hospitality Magazine

MARCH 27, 2023

Event catering company Lush by Tom Kerridge, in partnership with Searcys, has been appointed the official caterer for the Guards Polo Club. Lush brings the ethos, creativity, flavours and tastes of Tom’s famous two-Michelin starred restaurant Hand & Flowers, to the Guards Polo Club.

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Larry Mogelonsky

APRIL 15, 2024

Without getting too far into the details just yet, the lesson for readers is how this Fairmont Gold-oriented capital improvement taps into a global trend that’s accelerated in the post-pandemic era centered around the ‘price inelastic yet experience elastic’ hotel consumer. This is ‘sense of place’ in its truest form.

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Modern Restaurant Management

JANUARY 31, 2024

full service restaurants surveyed plan to introduce catering services. Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. Labor : From a labor standpoint, 2023 was a relatively good year for operators. I hope they come away from reading the r eport with a sense of optimism.

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STAAH

JANUARY 29, 2024

million guests in 2023. Through the partnership, STAAH’s vacation rental, serviced apartment and other self-catering property customers receive direct access to distribute their inventory through Holidu’s booking platform which boasts more than 30 million visitors a month across 25 live domains.

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Revenue Hub

DECEMBER 14, 2023

54% of hoteliers believe that the available technology is not sufficiently advanced to meet their ever-evolving requirements A more reluctant approach comes from the uncertainty that technology can cater to the needs of an industry that has to combine operational excellence with human touch and emotions. 2 Traveling Cheaper or Greener?

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Modern Restaurant Management

MAY 31, 2024

percent of diners noting that recent price increases have altered their spending habits, and 58.5 Menu selection (55 percent) and menu pricing (50 percent) are the top motivators for consumers when choosing a new restaurant to order from. More broadly, catering is a strong revenue driver for restaurants.

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Hotel Owner

AUGUST 14, 2023

Frank Cogan, director of Bozz Co Inns Ltd, said: “Myself and Martin are happy to be leaving the future of the Belmill in the hands of Amber Taverns, who are in a great position to cater for the up and coming demands of the customers in the town.

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Modern Restaurant Management

MARCH 3, 2023

In a State of the Restaurant industry report, the Natiional Restaurant Association sees a return to normal with predicted sales growth in 2023. million by the end of 2023. Competition is heating up : In 2023, 47 percent of operators expect competition to be more intense than last year. "The

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Hotel Owner

JULY 17, 2024

The news comes following what the group called a “strong performance in 2023 and early 2024”, following the launch of its premium holiday home offer, Belvilla by OYO, last month in collaboration with Soho Stays. Smart use of tech will be central to OYO’s expansion as we continue to build our UK portfolio.”

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