Tue.Jul 16, 2024

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Revenue growth management in food service: What you should think about

eHotelier

By combining modern technology with an analytical mindset, you can refine your operations, target high-performing markets, and realign your offering with consumer demands to achieve sustained revenue growth.

Marketing 278
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1 in 11 hospitality businesses forecast to fail in next year

Hospitality Magazine

New figures from CreditorWatch’s June Business Risk Index paint a grim forecast for hospitality operators, with 1 in 11 businesses predicted to fail in the next 12 months. The business failure rate has increased by 8.8 per cent across all industries in the last year, but the figures relating to the hospitality sector are particularly harsh. The hospitality business failure rate is forecasted to rise from 7.5 per cent to 9.1 per cent.

Pricing 234
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Loyalty Innovation Has Evolved to Focus More on the Customer

Modern Restaurant Management

Personalization is key to successful loyalty programs, according to the 2024 Paytronix Loyalty Trends Report. "Top performers are personalizing and using data to segment their customer database," Kristin Lynch, Senior Director of Restaurant Strategy for Paytronix Systems. "They are differentiating, delivering an emotional connection and recognizing their most valuable customers." Lynch has more than 20 years’ experience managing large CPG and retail brands in marketing and

Marketing 188
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Hotel rack rates: What they are and the best strategies | Mews

MEWS

What are rack rates in hotels? Rack rates are essentially the starting point for a hotel room’s pricing — think of it as the highest price before any discounts or special promotions kick in. Sometimes you'll hear it called the walk-in rate or retail rate. This is the baseline from which you begin any rate negotiations or apply discounts.

Pricing 130
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From Payroll Pains to Growth Gains: Streamlining Payroll & HR for Success

Speaker: Joe Sharpe and James Carlson

In the world of small business management, the challenge of managing payroll & HR efficiently while scaling operations can be overwhelming. Yet, with the right strategies in place, these challenges can become opportunities for growth and innovation. In this session, Joe Sharpe, Senior Director of Managed Payroll Services at IRIS, will reveal practical methods and expert insights for outsourcing and streamlining payroll processes, resulting in substantial time and resource savings.

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Mytico

Hospitality Magazine

Drinking coffee has become a daily ritual many people delight themselves with. The trend has increased in recent decades, as has the expectations of customers. Barista-quality espresso has even become one of the prerequisites for staying in a hotel or visiting a new restaurant. People search for an extraordinary coffee experience wherever they go. Franke Coffee Systems always keeps up with the latest trends and respond with innovative solutions that go beyond industry standards.

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More Trending

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Hoshizaki

Hospitality Magazine

Hoshizaki is a proud provider of complete commercial refrigeration solutions and ice makers, showcasing an expansive selection to meet diverse business needs. Hoshizaki ice machines are popular in bars, restaurants, and hotels, and are an essential for bar and kitchen teams. Ice makers include Cubers, Flakers, Nugget, and Crescent models, which are suitable for a wide range of purposes.

Catering 130
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KGH opens restaurant- a 24-hour outlet in Dubai’s JLT as Indian food drives UAE’s $20 bn F&B sector

eHotelier

Kings Group Hospitality, one of the fastest-growing food service providers in the Middle East and Far East, has opened its 12th outlet – Amritsr Restaurant, a groundbreaking addition to the UAE’s dynamic US$19.98 billion food and beverage industry.

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Miele

Hospitality Magazine

MasterLine is a powerful, durable, and efficient dishwasher. It is designed to rise to the challenges of commercial dishwashing and promises to reduce your workload in the hustle and bustle of day-to-day work life. Modern Miele technologies, intuitive touch controls, and cycle times of only six minutes* produce outstanding results and streamline processes.

Magazine 130
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Staypineapple chooses Mews to surprise and delight guests across the US

eHotelier

Mews, the industry-leading hospitality cloud that has more than tripled its customer base in the United States over the last year, has now been chosen by Staypineapple to power its growing portfolio of hotels.

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Business Automation in Hospitality: A New World

Dive into the transformative potential of business automation within the hospitality sector. This comprehensive overview showcases how innovative technologies can streamline operations, reduce costs, and elevate guest satisfaction. Discover the advantages of integrating systems like automated check-ins, CRM, and energy management to not only save on expenses but also to provide a seamless and personalized guest experience.

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Aristarco

Hospitality Magazine

Achieve unparalleled cleanliness and efficiency with the Aristarco range of dishwashers from Stoddart. Designed to cater to diverse establishment needs, Aristarco warewashing solutions ensure impeccable performance and superior hygiene. Undercounter glasswashers and dishwashers: ideal for small spaces Aristarco’s undercounter glasswashers and dishwashers are perfect for cafés and bars with limited space.

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Centara helps international holidaymakers to uncover iconic attractions and hidden gems in Thailand and beyond

eHotelier

With its year-round tropical climate, spectacular natural scenery and famously warm and friendly people, Thailand is a dream destination for many international holidaymakers.

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Sushi Machines

Hospitality Magazine

The ASM545CE Multi Nigiri Machine is an advanced sushi-making device designed to streamline the production of nigiri sushi. Engineered by Autec, a leader in sushi robotics, the machine combines efficiency with precision to deliver consistent, high-quality nigiri. The ASM545CE can produce up to 2,000 pieces per hour, significantly increasing output while maintaining the traditional hand-pressed quality.

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Rory Coote appointed Corporate Director of Learning & Development at Rotana

eHotelier

Rotana has announced the appointment of Rory Coote as corporate director of learning and development. Coote brings 12 years of experience to his new role at Rotana.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Unox

Hospitality Magazine

The culinary world is witnessing a game-changing innovation with the introduction of SPEED-X and EVEREO®, a powerful combination that promises to redefine kitchen operations and food service. SPEED-X , the world’s first combi speed oven. SPEED-X , has garnered multiple prestigious awards for its groundbreaking design and technology. The intelligent oven merges air, steam, microwaves, and a fully automatic self-cleaning system, offering unparalleled versatility and efficiency.

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How to make your hotel a wellness tourism hub

eHotelier

According to the Global Wellness Institute, wellness tourism was worth $651 billion globally in 2022, and is forecast to grow to a massive $1.4 trillion by 2027.

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The Michelin Guide Is Coming to Texas for the First Time

EATER

The Michelin Guide to Texas, from the international restaurant, the international restaurant review system that awards restaurants with stars, is coming to Texas for the first time ever in 2024, with star ratings for restaurants in Austin, San Antonio, Houston, Dallas, and Fort Worth.

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Hotel Guest segmentation: 5 basic tips to boost conversions

eHotelier

Understanding your guests is key to standing out as a hotel. But with diverse demographics and travel styles, a one-size-fits-all approach simply won't cut it.

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No-Code Technology: The Key to Unlock the Future of Your Business

Global economies are reeling from recent upheavals—pandemic aftershocks, geopolitical conflicts, and a tech sector crunch. Mark Zuckerberg's 2023 "Year of Efficiency" ethos extends into 2024, with leaders seeking cost reductions without stunting growth. No-code technology emerges as a beacon of hope, fostering resilience and adaptability. Platforms like Make.com and Zapier empower even non-technical staff to automate and innovate, freeing IT for strategic tasks.

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Restaurant Deal Landscape for Mid-Year 2024

Modern Restaurant Management

Headlines have been filled with a number of restaurant-related transactions this year with well-known names including MOD Pizza, Carrols Restaurant Group, Fogo de Chao, Ruth’s Chris and Pollo Tropical. To gain perspective on current deal activity in the restaurant sector, Modern Restaurant Management (MRM) magazine reached out to Nixon Peabody Corporate Transactions associates Robert Pethick and Anthony Bova.

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Erik Grazetti appointed Director of Sales & Marketing at The St. Regis Chicago

eHotelier

The St. Regis Chicago, the Windy City's newest luxury hotel, announces the appointment of Erik Grazetti as Director of Sales & Marketing.

Marketing 130
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Restaurant RE Trends for Mid-Year 2024

Modern Restaurant Management

To get more insights on the current status of the restaurant real estate market, Modern Restaurant Management (MRM) magazine reached out to Satya Guduru , CEO at Janapriya Upscale USA. What kind of properties are currently in demand and what trends are you seeing? What markets are doing well and why and what ones are not doing so well? Cost conscious consumers are looking for budget-friendly options.

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Navigating the Complex World of Conversational AI – Part 2

eHotelier

As the hospitality industry continues to evolve, Artificial Intelligence has emerged as a powerful tool that allows hoteliers to unlock new levels of efficiency. Not all AI is created equal, and what works for one industry may not work for another.

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Top 5 Ways to Optimize Your Loyalty Strategy

Speaker: Lauren Barash, Vice President, Brand Marketing

In an ever-evolving industry, building and retaining loyal customers is critical to the success of any restaurant business. Join Lauren Barash, VP of Brand Marketing at Full Course, as she delves into the world of restaurant loyalty programs, and reveals the top five essential strategies to optimize your approach! This webinar will explore: Loyalty trends and what you should be focusing on 📊 Actionable insights and ideas to help you develop the most powerful and effective loyalty program

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J.D. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms

Lodging Magazine

TROY, Michigan—With an average daily rate (ADR) for a U.S. hotel room of $158.45 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. According to the J.D. Power 2024 North America Hotel Guest Satisfaction Index (NAGSI) Study, travelers’ perceived value for those higher prices greatly depends on how well the hotel delivers on their expectations.

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Feel Free Was Supposed to Be a Risk-Free Alcohol Alternative. For Some, It Became an Addiction.

EATER

A class action lawsuit centers on the alleged dangers of kava and kratom, two ingredients used in a drink purported to boost “vitality,” “chill vibes” and “relaxation.

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A Long-Term Solution to Short-Term Rentals

Lodging Magazine

Last month, we saw a powerful example of the American Hotel & Lodging Association’s advocacy influence and reach as we secured an important policy victory that ensures fair treatment for hotels in Hawaii, a major U.S. tourist destination that’s critical to the health of our industry. As our members know, AHLA is constantly monitoring states across the country for policies that discriminate against hotels in favor of short-term rental properties.

Magazine 111
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Why Team Camaraderie Matters As Much As Pay in Restaurants

7 Shifts

This post is adapted from our “What Restaurant Employees Want” report. Visit our report page to download the full report , which features insights from 1500 active restaurant employees and industry experts. When it comes to keeping employees happy and retaining them for a long time — is there anything more important than a healthy paycheck? As it turns out, there is.

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Win More in 2024: Your Guide to Restaurant Marketing Success

Your Guide to Restaurant Marketing Success Start maximizing ROI and doing more with less with Olo’s ultimate guide to restaurant marketing. In this guide: Strategies to level up in 4 key areas: data, audiences, content distribution, and loyalty Interactive checklists to help you track your progress throughout the year Tips for leveraging guest data across your entire business What you’ll learn: Level 1 | Beginner: Learn how to collect guest data, build a healthy subscriber list, launch personali