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MRM Research Roundup: Thanksgiving Trends, Diner Optimism, and Holiday Spending

Modern Restaurant Management

As America budgets for the holidays, in-home hosting activity is set to rise by 6.3 Topping the list is Ginza Kitafuku in Tokyo, Japan, featuring a seasonal Echizen Crab Kiwami course priced at $2,130 USD. While quick, heat-and-eat options will be a morning staple at home through 2027, each demographic shows distinct preferences.

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Today’s news in brief – 16/10/23

Hotel Owner

The group adopts a pay-on-performance model, prioritising results-based pricing over fixed costs to ensure measurable ROI. Budget operator EasyHotel reported a significant revenue increase in the first half of the year, with a 45% rise in Revenue Per Available Room (RevPAR) across its properties.

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Extend the Deep Fryer Sweet Spot

Modern Restaurant Management

The Rising Cost of Fryer Oil The average price per unit (PPU) in the edible oils segment of the food market in the United States was forecast to continuously increase between 2023 and 2027 by a total of 10.27 This is after edible oil prices already underwent a steep increase in 2021 and 2022.

Pricing 88
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How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

Even better, it is expected to grow at an annual growth rate of 5.09% in 2027. Secure funding After creating an in-depth financial projection, you'll gain a more detailed idea of how to fund your business without going over budget. It would also help to create a list of supplies you need to budget for them better.

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7 Pop-Up Restaurant Marketing Ideas: How to Successfully Market a Pop-Up in 2023

The Restaurant Times

However, studies have found that among the reasons for patronizing pop-ups, one of the reasons is to find new and unique products (39%), to shop locally (36 percent) and to benefit from great prices (34 percent). billion people were using social media worldwide, a number projected to increase to almost six billion in 2027.

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Hospitality Industry News and Reports

SiteMinder

This drives many travellers to the big name OTAs – 23% of Millennials choose OTAs based on ease-of-use over price, user-friendliness and security. And a final word on the subject of safety and security: 67% of travellers rate safety as the number one factor in choosing a destination, while 60% are price driven.

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Cloud vs. Traditional Restaurant POS Systems: A Simple Comparison

LimeTray

For instance, digital or mobile wallet payments were the most used payment method in physical shops globally in 2023 and are set to become even more popular by 2027. If you are looking to minimize recurring expenses, this pricing model can make budgeting more predictable and manageable in the long term.