Modern Restaurant Management

JANUARY 8, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

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Modern Restaurant Management

OCTOBER 9, 2023

The data also supports what RMS has been advising: pricing must be strategic. Insights from transactional POS data specific to locations and customer segments can help operators assess where item sensitivities are low or high, indicating which items might have further pricing opportunities and which don’t.

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Modern Restaurant Management

APRIL 17, 2024

Eighty-one percent of diners said they would either stop going to a restaurant altogether or alter their dining hours to avoid prices surging during peak hours and 64 percent said they have a negative reaction to restaurants using surge and dynamic pricing, according to a HungerRush’s National Restaurant Price Surging Survey.

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Hospitality Magazine

FEBRUARY 12, 2025

Dining habits Australians dined out an average of 41 times per year in 2024, which was an increase from 38 times in 2023. Delivery showed a 7 per cent year-on-year increase between 2023 and 2024, with customers ordering three times per month and spending $98. Takeaway was also on the up, increasing by 34 per cent in the last year.

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Revenue Hub

OCTOBER 22, 2024

The hospitality landscape in 2024 is a study in contrasts. 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. With a remarkable 12.2%

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Modern Restaurant Management

MARCH 21, 2024

As we head into 2024, all eyes are on the Federal Reserve as interest rates hold the key to employment and the consumer spending fueling the small business economy. In all, we expect 2024 to be a better year for business than 2023 as the Federal Reserve executes the soft landing it has been seeking since this tightening cycle began.

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Modern Restaurant Management

JANUARY 2, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.

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Modern Restaurant Management

APRIL 14, 2025

-based diners who recently ordered from a QSR, fast-food or fast-casual chai also found that value is about more than just price. 61 percent of kiosk users say they want to see more kiosks in restaurants – up from 57 percent in 2024 and 36 percent in 2023. For the third year in a row, consumers want more kiosks.

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eHotelier

MAY 7, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

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Modern Restaurant Management

MAY 13, 2024

The NCR Voyix 2024 Digital Commerce Index revealed nearly half (48 percent) of consumers dine out less than they used to because inflation is top of the menu. But two non-negotiables have remained strong for diners: convenience and loyalty.

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Modern Restaurant Management

JANUARY 20, 2025

These chefs might know how to source the finest ingredients, but no one’s taught them how to negotiate the price of those ingredients or keep suppliers from quietly eating away at their profits. Stop Overpaying Your Distributors In 2024, Sysco reported a gross profit of $14.6 Let’s get started. billion, reflecting a 4.7

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Revenue Hub

DECEMBER 9, 2024

On Monday, November 25th, the European Commission hosted a workshop to discuss Booking.coms recent compliance report, which detailed the steps that its taking to adapt to the Digital Markets Act (DMA) after being named a “gatekeeper” back in May 2024. This came up via a few specific points raised during the workshop.

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Modern Restaurant Management

DECEMBER 30, 2024

At the same time, a rise in fast-food prices driven by inflation is reshaping consumer behavior, with many customers now treating fast food as a splurge rather than a convenience. The innovations introduced in 2024 set the stage for progress, but 2025 is the time to move from experimentation to optimization.

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eHotelier

DECEMBER 11, 2023

Tips to maximise hotel revenue in 2024 - Insights Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips.

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Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. 2024’s Outlook: Positive The restaurant industry is cautiously optimistic as we head into the new year.

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Hotel Owner

MARCH 4, 2025

The UK hotel sector rebounded closer to pre-pandemic levels in terms of occupancy and improved profitability in 2024 despite rising costs, according to new research from Knight Frank. Its latest UK Hotel Trading Performance Review found that the average occupancy rate for London hotels increased to 82% in 2024, up 3.4%

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Modern Restaurant Management

DECEMBER 27, 2023

As the calendar turns towards 2024, the restaurant industry stands at a crossroads, with innovation and adaptation at the heart of its ongoing evolution. These factors contribute to a volatile supply chain, influencing everything from ingredient availability to menu pricing strategies.

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Modern Restaurant Management

JANUARY 30, 2024

So, what can the QSR industry expect in 2024? Net sales are primarily driven by average check increases and pricing opportunities are diminishing. percent in December 2022 and the steep rate of average price increases by QSRs has slowed to just +4.5 The operative word, however, may be “half.” Inflation slowed to 3.4

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Hotel Owner

MARCH 26, 2025

Hotels across Europe fetched an average price of 29m (24.2m) in 2024, spelling a rise of 5% on the year before with the average price per room reaching 215,300 (179,994), rising by 9% on the 2023 figure, and around 5% when compared with 2019.

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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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Hospitality Net

SEPTEMBER 20, 2024

The 2024 Paris Olympics posed unique challenges and opportunities for the hospitality sector. The discussion centred around dynamic pricing, the influence of short-term rentals, and guest satisfaction throughout the event.

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Modern Restaurant Management

APRIL 9, 2024

A chief reason is due to caution or uncertainty exhibited by conscious consumers, with 48 percent saying they are taking the ‘wait and see’ approach and holding back on spending in 2024. So, what’s the solution? ” It gets better.

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Hotel Owner

DECEMBER 17, 2024

Among 25 European capitals, hotel prices have risen by 2.7%, while short-term rentals soared almost 8%- highlighting the growing demand for flexible, unique accommodation options this New Years Eve, according to a study by Almawave Group. Its not just about following trends; its about anticipating them and using data to lead the way.

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Revenue Hub

MARCH 31, 2025

As of June 2024, 70% of the worlds population (5.68 billion people) use mobile phones (We Are Social, 2024). online purchases (54.5%) during the 2024 holiday season were made via smartphones (Reuters, 2025). Mobile is no longer just a secondary channel – its a key battleground for direct bookings. The reason?

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Hospitality Net

MARCH 12, 2025

Luxury hotels notably outperformed their lower-priced counterparts across these key performance indicators, reflecting a broader resurgence in the luxury segment during 2024. Occupancy, average daily rate (ADR), and revenue per available room (RevPAR) continued to experience strong growth as the market moves toward stabilization.

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Modern Restaurant Management

NOVEMBER 14, 2024

Despite 93 percent of QSR operators indicating they raised prices in 2024, nearly two-thirds (64 percent) reported increased traffic across all dayparts, according to TransUnion’s QSR Industry Report: Bridging the Affordability and Profitability Gap.

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Modern Restaurant Management

MARCH 24, 2025

To identify the Fastest Growing Brands, the data science team ranked brands using a blended metric including net new business openings, consumer interest, and searches on Yelp in 2024 compared to 2023. For this report, we measured consumer interest in 2024 compared to 2023.

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Hotelogix

APRIL 11, 2025

Why a POS System Is Essential in Today’s Hotel Landscape Running a hotel in 2024 involves much more than just managing rooms and housekeeping. In fact, cloud-based POS solutions now account for 64% of new POS implementations in the hospitality sector in 2024, up from 51% in 2022.

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Modern Restaurant Management

JANUARY 2, 2025

Restaurant owners looking to purchase an existing license can face prices up to $1 million depending on demand. The Future of the Restaurant Industry With restaurant sales projected to exceed $1 trillion in 2024, the competition is fierce. The Hidden Costs of a Full Liquor License and a Cost-Effective Solution Across the U.S.,

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Revenue Hub

NOVEMBER 4, 2024

According to our 2024 Hotel Distribution Report , hotel booking cancellation rates range from 18% to 42%. While configuring rates, sales conditions, and pricing strategy in your CRS , you may also try to add a cheaper, non-refundable rate. You can request prepayment while still offering flexible cancellation terms.

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STAAH

JULY 23, 2024

In the ever-evolving landscape of the hotel industry, finding the right pricing strategy can significantly impact your business’s success. One approach that has gained traction among savvy hotel owners and managers is dynamic pricing. But what exactly is dynamic pricing?

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Hospitality Magazine

FEBRUARY 5, 2025

on La Listes top 1000 restaurants of 2024. The tasting menu is priced at $590pp and includes snacks and petit fours. LEnclume, located in Cartmel in Cumbria in Northern England, is recognised for its innovative farm-to-table dishes and sustainable practices. It is the only restaurant from the area to have received three Michelin stars.

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Modern Restaurant Management

FEBRUARY 5, 2024

Pizza Ordering Predictions HungerRush released the results of a national dining survey on 2024 pizza ordering predictions for The Big Game (February 11) and National Pizza Day (February 9). Restaurateurs are not only investing in AI to address labor challenges – more established automation tools are also on the agenda in 2024.

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Lodging Magazine

JULY 16, 2024

in May 2024—the second-highest month ever behind $159.01 in October 2023 —virtually every traveler in every hotel price bracket is paying more for a hotel room. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms appeared first on LODGING Magazine. TROY, Michigan—With an average daily rate (ADR) for a U.S.

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LimeTray

FEBRUARY 9, 2025

Yes, its 2024, and there are still places operating on legacy POS systems from the early 2010s. The article below explores key features of restaurant POS systems, comparing top options like ere4u and LimeTray, along with their pricing factors. Here are ten key factors that influence POS system pricing. How is that even possible?

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Hotel Business

FEBRUARY 1, 2024

According to the 2024 State of the Meetings Industry report from Knowland and ConferenceDirect , pricing continues to be an issue with 47% of meeting planners. The report reveals insights to help industry professionals understand what meeting planners and event managers expect and will prioritize in 2024.

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Hotelogix

APRIL 16, 2025

annually from 2024 to 2030. 👉 Read Also - Motel vs. Hotel: 7 Key Factors for Smart Travelers The cloud-based PMS market for small and medium hotels is experiencing remarkable growth, with adoption rates increasing by 8.2% This growth is driven by the increasing need for operational efficiency and enhanced guest experiences.

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