Remove Construction Remove Maintenance Remove Pricing
article thumbnail

Cost and Effect: The Role of Value Engineering in Restaurant Construction

Modern Restaurant Management

How value engineering can be a restaurant construction solution in the face of rising prices and unpredictable supply chains. As the prices of construction materials skyrocket due to rising inflation and supply chain woes, budgeting for commercial development has become significantly more challenging. Talk the Talk.

Budgeting 208
article thumbnail

Empowered leaders: Female forces in hospitality and real estate

Boutique Hotel News

Mandisa Khabo , technical director, development & construction, Greystar [GS] Greystar technical director, development and construction, Khabo is one of a growing number of women leading the technical side of urban development.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Expert Insights on Restaurant Real Estate and Site Selection

Modern Restaurant Management

In today's ever-evolving economic climate, characterized by escalating retail prices and a limited number of desirable properties, restaurants face a significant challenge in finding suitable locations that align with their criteria. Constructions Costs Construction costs remain a challenge.

article thumbnail

The Ultimate Guide to Restaurant Costs

7 Shifts

Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Construction and renovation costs differ by location and contractor. Build relationships with multiple suppliers to find the best market price for ingredients. or 30% ($1,50/$5.00*100).

article thumbnail

Today’s news in brief – 2/8/24

Hotel Owner

The new venue, accommodating 150 guests, will replace the current marquee structure, with construction starting later this year. High inflation impacted the non-fuel business, but this was offset by higher selling prices. year-on-year to £476.4m, primarily due to lower fuel prices, and its net asset position fell by 8.2%

article thumbnail

How to create a unique Airbnb listing to attract more guests?

STAAH

This includes addressing any negative feedback in a professional and constructive manner. 3) Outsource tasks: Consider outsourcing tasks like cleaning, maintenance , and guest communications to third-party providers. Use this data to make informed decisions about your pricing and marketing strategies.

article thumbnail

Web Exclusive: Danny Py shares F&B insight

Hotel Business

I was wandering around hotel construction sites at an early age and was introduced to people in the hotel industry throughout my childhood, so I was always in that style of environment. Paying folks higher wages from the farm or field producer to the table is also pushing prices higher. My passion for F&B came from my family.