Modern Restaurant Management

JANUARY 20, 2022

According to research by the National Restaurant Association Research and Knowledge Group, the restaurant industry will likely be drastically different by the year 2030. As self-driving cars increasingly take over the market, other industries will have to adapt. Automated Marketing and Remarketing.

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Hotel Owner

NOVEMBER 18, 2024

With EV adoption in the UK tripling over the last three years , driven by the government’s ambitious plan to ban new ICE (Internal Combustion Engine) vehicle sales by 2030, now is as good a time as any for hotels to get involved. Projections show that there will be 1.4

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Modern Restaurant Management

MARCH 3, 2023

A Return to Normal The National Restaurant Association released its 2023 State of the Restaurant Industry report, which examines key factors impacting the industry including the current state of the economy, operations, workforce, and food and menu trends to forecast sales and market trends for the year ahead. million by 2030.

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Modern Restaurant Management

JUNE 22, 2020

In January of 2020, Impossible Foods, a leader in plant-based meat alternatives, primarily focused sales on the restaurant trade, selling to less than 200 supermarkets; by May of 2020, the company was selling its line of plant-based products in more than 3,000 retail markets and grocery stores. agriculture supply chain are felt.

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Hotel Owner

SEPTEMBER 27, 2024

By 2030, 15 hotels and 10 urban longevity centres will be built globally, starting with four sites in 2026. This acquisition reflects a growing trend in the regional UK hotel market. The 56-room hotel, which dates back to the 18th century, was sold at a guide price of £2.65m. Paul’s, and Club Quarters, London City.

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Hotel Owner

AUGUST 17, 2023

The midscale segment in the US represents a $14bn (£10.9bn) market today that is set to reach $18bn (£14.2bn) in hotel revenue by 2030. Jen Gribble, SVP of global marketing mainstream brands at IHG, added: “Garner will give owners and guests what they’ve been missing in the midscale space.

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Hotel Business

JUNE 21, 2023

Over the past couple of years, Artificial intelligence (AI) has greatly improved hotel operations and efficiency by automating processes such as booking and contactless check-in, allowing staff to focus on providing premium, personalized experiences to guests faster and at reasonable prices.

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Boutique Hotel News

APRIL 21, 2023

For example, sustainability targets under Future Planet include net zero scope one and two carbon emissions by 2030, and for our supply chain to be ISO14001 accredited by 2025. Recent spikes in the energy market should be a great lesson to invest in future technologies that will bear the brunt of market volatility.

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SiteMinder

SEPTEMBER 25, 2023

This is a trend which, when partnered with the scale and economic trajectory of markets like China and India, will be important for the accommodation industry to prepare for. However, when it comes to room costs, which form the bulk of a stay’s bill, the reality is that rising prices are forcing today’s traveller to make adjustments.

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Modern Restaurant Management

NOVEMBER 17, 2020

In order to push catering for this holiday season, restaurants can provide pricing incentives in order to attract more customers, offer a-la-carte options for holiday meals, and push out more marketing material showing their sanitary precautions when preparing food to ease consumer's worries. Occupancy in urban markets is just 35.6

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Hotel Owner

AUGUST 14, 2024

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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Modern Restaurant Management

FEBRUARY 18, 2020

” Their answers touched on a variety of subjects including AI, virtual reality, virtual kitchens, staffing and retention, social media marketing, sustainability and third-party delivery. One great thing about the online delivery market is that it produces massive amounts of data. Marketing efficiency and effectiveness.

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Revenue Hub

JUNE 11, 2024

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 The potential of AI in the travel and hospitality sector is enormous, with the market estimated to exceed $1.2 billion by 2026, growing at a CAGR of over 9.7%

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Hotel Business

APRIL 12, 2023

companies and 4 in 10 European companies say they need to reduce travel per employee by more than 20% to meet their 2030 sustainability targets. “As travel buyers surveyed report favorable airline pricing on positive volume expectations, compared to 54% of those in Europe. One-third of U.S. in 2023, up from fifth in 2022.

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Hotel Owner

DECEMBER 18, 2024

However, the group maintains that it will continue to respond proactively to cost pressures, as it plans to cover these additional costs with the benefit of a 2m (1.6m) reduction in contracted energy pricing, the ongoing rollout of further efficiency and innovation initiatives, and through RevPAR growth across its markets.

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Hotel Business

MAY 25, 2023

billion Senior Secured Term Loan B Facility (New Term Loan B), which will mature in May 2030. The New Term Loan B garnered significant investor demand, resulting in an upsize of nearly $400 million while in market and an attractive interest rate of SOFR plus 2.25% (with a 0.10% credit spread adjustment), at an issue price of 99.5%.

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Boutique Hotel News

JANUARY 27, 2023

In real estate, some notable examples include Hines, which has set a target of 2040 for its entire estate to be operationally net zero carbon, without carbon offsets, and L&G, which has set a target of 2030. The new internal CO2 tax will help drive innovation by putting a monetary figure on the cost of carbon to the business.

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Boutique Hotel News

OCTOBER 28, 2022

This intense year of development represents a major milestone in Qatar’s goal to welcome six million visitors a year by 2030. All these measures combined are expected to add up to 70,000 rooms to the market. Regis, Rixos, The Outpost, Waldorf Astoria, The Ned, Chedi, Raffles, Rosewood, LXR and DoubleTree by Hilton brands, among others.

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Revenue Hub

APRIL 14, 2023

companies and 4 in 10 European companies say they need to r educe travel per employee by more than 20% to meet their 2030 sustainability targets. travel buyers surveyed report favorable airline pricing on positive volume expectations, compared to 54% of those in Europe. One-third of U.S. in 2023, up from fifth in 2022.

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Larry Mogelonsky

OCTOBER 21, 2024

As discussed with the EAST team, this trend is so mega that the word ‘demographic’ may soon not really apply as age becomes only one of many contributors towards a consumer’s buying decisions, favoring psychographics, interests and other behavioral qualities to better inform marketing and operations.

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Hotel Owner

NOVEMBER 11, 2024

On completion of construction, Dalata will commence operations in the hotel through a 25-year operating lease which will be subject to five-year rent reviews linked to the consumer price index.

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Hotel Owner

OCTOBER 29, 2024

This deal, a 30-year lease with five-year Consumer Price Index (CPI) reviews, netted £56m at an initial yield of 4.25%. As Whitbread pursues a goal of 125,000 rooms across the UK and Ireland, it plans to increase its current UK room offerings to 98,000 by 2030. 5.8bn property portfolio to capitalise on shifts in the hospitality market.

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Hotel Owner

SEPTEMBER 25, 2023

With the ban on sales of petrol cars from 2030 (this has been pushed back to 2035 by Rishi Sunak), we will continue to see more demand for an EV charging point infrastructure and hotels are a great way to build this infrastructure across the UK,” says Danny Pecorelli, managing director of the Exclusive Collection.

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EATER

JULY 23, 2024

WCR expects to make 100 new pre-commercial varieties available for trials by 2030 and will then work with partner governments to release a subset of those to farmers as soon as 2036. Ultimately, these “finished varieties” will be owned by governments, rather than by WCR or its financial backers.

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SiteMinder

FEBRUARY 25, 2024

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. In other news: By 2030, China will be the largest outbound tourism group with 126 million trips. Between 2022 and 2027 the luxury hotel market is set to grow by US$54.46 What is hospitality industry news?

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The Restaurant Times

JUNE 6, 2023

According to Grand View Research , the market size of restaurant management software will reach $4.5 The market is projected to experience a 16.3% CAGR from 2023 to 2030. With this information readily available, you can make informed decisions regarding pricing and menu engineering to maximize profitability.

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OpenTable

NOVEMBER 21, 2022

And ghost kitchens will be responsible for 50% of takeout business by 2030. If you run a steakhouse and launch a burger ghost kitchen at a much lower price point you are now serving a whole new type of guest. It’s definitely something you should consider as you think about the kind of food you want to offer and set the prices.

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The Restaurant Times

MARCH 6, 2023

It is well known that the hospitality sector has lower profit margins than other market segments. Their menu prices also tend to be higher than those of other restaurant types because they have higher labor, overhead, and operational costs than other businesses. trillion in revenue due to food waste by 2030.

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7 Shifts

AUGUST 2, 2023

found Gen Z workers are set to triple by 2030 , reaching 51 million. Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both. A report commission by Snap Inc.

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Modern Restaurant Management

OCTOBER 16, 2020

The data experts from Zenreach, the walk-through marketing company, compared in-store foot traffic of various restaurant brands by breaking them into three categories: SMB – Less than 10 locations. Mid-market – Less than 50 locations. Study tracks food authenticity market in 20+ countries for the period 2020-2030.

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Les Roches

JULY 2, 2024

Budding professionals can take advantage of: Dynamic growth opportunities: Dubai’s hospitality sector is experiencing rapid growth, with 25% growth expected by 2030 , driven by ongoing infrastructure development, innovative projects, and increasing tourism arrivals.

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Modern Restaurant Management

FEBRUARY 5, 2024

Highlights of The Big Game and National Pizza Day Ordering Predictions: 32 percent of diners say they plan to order from a local chain or independent pizzeria instead of a big chain—revealing the opportunity for small and mid-sized pizza restaurants to double down on marketing efforts for The Big Game and National Pizza Day.

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Modern Restaurant Management

DECEMBER 16, 2019

percent year over year according to Black Box Intelligence’s Market Share Report. Restaurants have had to keep up with this growth from a staffing standpoint amid the most difficult labor market in decades. data highlights: Despite summer dips, Starbucks remained the market leader, taking 27.9 percent of market share.

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Modern Restaurant Management

FEBRUARY 10, 2020

New GFI-commissioned data also released today reveals the size of the market opportunity on offer and shows that U.S. 58 of the top 100 restaurant chains are taking advantage of the plant-based market opportunity–even increasing their plant-based offerings from 25 to 50 percent of their menu, like Panera Bread plans to do.

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Modern Restaurant Management

JANUARY 27, 2020

takeout market, is a massive and growing opportunity that has not yet been transformed by digital ordering. “As an investor, I look for companies which already have market demand. Enhances marketing efforts. ? " Grubhub Ultimate back-of-house Kitchen Display System at Taheni Grill in New York City. Guest-led service.

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Hotel Business

JULY 27, 2023

Successfully completed the refinancing of its Term Loan B Facility, extending maturity from 2025 to 2030. The decline in net income was expected and reflective of the marketing fund variability, higher interest expense and transaction-related costs primarily related to the company’s refinancing of its Term Loan B Facility.

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Modern Restaurant Management

DECEMBER 18, 2019

. “Given consumers’ growing desire for meatless options and the rise of plant-based foods, we wanted to test this modern twist on a deli classic here in Denver where sustainable green lifestyles are thriving,” said Sheila Zimmerman, Vice President of Marketing, REGO Restaurant Group, owner of Quiznos. “Mrs.

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