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2023 Reflections: The Year That Was in Restaurants, Part Two

Modern Restaurant Management

As restaurant owners had to turn to costly alternatives to surviving operation obstacles such as rising food costs and staffing shortages, increased menu prices, added service fees and sales taxes made dining out more expensive and less appealing to the average consumer.

Pricing 197
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Seven Restaurant Trends That Will Define 2022

Modern Restaurant Management

Restaurants will also explore delivery options beyond costly third-party partnerships, and hike delivery menu prices to make the channel more lucrative as off-premise demand holds steady. Younger generations are willing to pay higher prices for healthy meals specifically tied to buzzwords such as GMO-free, all-natural, or organic.

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Empowered leaders: Female forces in hospitality and real estate

Boutique Hotel News

Beach Retreats, the group’s self-catering brand, is also expanding and recently completed its first acquisition in Cornwall which this year will be developed to create the brand’s first coastal aparthotel, blending the independence of traditional self-catering with the best of lifestyle hotels.

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How hoteliers can ride the revival of domestic tourism

Hotel Owner

Domestic travel is set to grow further still, reaching 19 billion lodging nights per year by 2030. They want their vacations to be as carbon neutral as possible, and are concerned about the effects of possible ‘overtourism’ – when polled, 50% of people said that they would be willing to pay higher prices for more sustainable holidays.

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State of the Industry and More Restaurant Research

Modern Restaurant Management

Key findings illustrating the industry's economic conditions include: Growth will continue : The foodservice industry is forecast to reach $997 billion in sales in 2023, driven in part by higher menu prices. million by 2030. Consumer spending at foodservice outlets was up 4 percent due to higher prices, reports The NPD Group*.

Download 203
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From Base to Premium: How AI is Redefining Hotel Ancillary Revenue

Revenue Hub

A study by PwC predicts that the most significant boosts to GDP from AI will be in China (26% in 2030) and North America (14.5%), totaling a staggering $10.7 Hoteliers can also employ AI to dynamically adjust prices for ancillaries based on demand, seasonality, and guest profiles, maximizing revenue opportunities.

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MRM Research Roundup: Mid-November 2020 Edition

Modern Restaurant Management

The survey insights show how the hospitality and event industry can pivot their offerings to cater to consumer preferences. A little under half of the respondents said yes, and of those 30 percent of them used catering for these events. percent CAGR between 2020 and 2030. Bn by 2030.

Marketing 161