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As Restaurant Week is returning across the country, and with that also comes fresh opportunity as diners are returning to restaurants with excitement and new expectations. The event celebrates another year of connecting hungry guests with discounted meals at restaurants all over the country, and 2022 is shaping up to be a different experience than in years past.
Warm weather is here, and patio season is upon us. Whether that looks like tables on the sidewalk or a rooftop bar, there’s no denying that outdoor dining brings new obstacles and challenges to the already complex life of a restaurateur or employee. It’s also important to note that using outdoor space and adding more seating to your restaurant can increase your revenue by 30%.
It’s wildly delicious Food in Alaska has a certain magic to it. If it comes from nature — like blueberries, herring eggs, moose meat, or salmon — it’s connected to the vast, wild place. If it comes from elsewhere, as almost all store-bought food does, it has novelty and, often, mysterious origins. If it’s prepared following a method from a homeland thousands of miles away, it’s full of longing and nostalgia.
The transformation brought about by the digital era has modernized and refined the hotel industry landscape and factors contributing to its growth to a large extent. As a result, new, improved and effecti ve hotel growth strategies have come into play to attract customers, increase occupancy and maximize revenue. One such powerful strategy is the hotel distribution strategy.
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
What is a Fraud? Fraud is an action of someone or an agency with the intention to obtain unauthorized benefits. Putting it simply, fraud is a bad action of someone to gain money or financial benefits through lying or tricking another person. It is sad to say that fraud does exist in the hospitality industry that involves employees. In this article, I will be showing some examples of common frauds by the hotel front desk staff and how to prevent them to happen.
It was never easy, but the good times we had will always be special. The post The (Few) Things I Miss About Working In Restaurants appeared first on The Restaurant Manifesto.
As I sat down to write this article, all I could think about was how the foodservice industry is so vital to our daily lives. When we don’t want to cook, we call our favorite restaurant. When we want to celebrate our wins, we gather at our favorite restaurant. When we want comfort in tough times, we order from our favorite restaurant. Some of our best memories include our favorite restaurants.
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As I sat down to write this article, all I could think about was how the foodservice industry is so vital to our daily lives. When we don’t want to cook, we call our favorite restaurant. When we want to celebrate our wins, we gather at our favorite restaurant. When we want comfort in tough times, we order from our favorite restaurant. Some of our best memories include our favorite restaurants.
Grab online users attention to draw them into your restaurant. It’s never been more important to draw customers into your restaurant and increase your online ordering. You want to find new customers and retain your current ones through attractive and enticing marketing. In this article, we look at how you can get more online attention for your restaurant with these five tips. #1: Create a Strong Web Presence.
Recent times have seen modern, online marketing strategies revolutionize the landscape of the tourism and hospitality industry. While traditional marketing strategies still yield results, they have now become merely an auxiliary factor in the overall success of a robust hotel marketing plan. The digitalization of modern life has led to an enormous rise in the number of online bookings due to several factors, the primary ones being its convenience and cost-effectiveness.
Survey insights that explore how the hospitality industry is currently offering both opportunities and drawbacks in the eyes of today's young hospitality students. If the post-Covid labor shortage is to pick up, all key stakeholders must collaborate closely to refresh areas ranging from curriculums to working hours.
Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.
Hashtags have become an integral part of internet culture in recent years. People even use them in contexts outside the internet, such as in text messages, chats, songs, and advertising. If you don’t use hashtags to improve your social media marketing, you’re missing out! Hashtags allow users to organize and search for content more easily.
Even in the best of times, it’s mostly been an uphill battle for single location restaurants to compete with chain franchises. Differences in manpower, brand recognition, technology and marketing budgets have all presented significant challenges for single location restaurants to compete for market share. With the onset of the pandemic, the restaurant industry cratered after experiencing massive labor shortages and business loss, compounding the existing challenges.
You can improve productivity with the right POS system. You know that a point-of-sale system (POS) is great for your customers, enabling them to have a bit more control when ordering or paying for their meals. Did you know, though, that a POS system is great for managing your business and improving your efficiency? And do you want to improve your productivity?
The Bear | FX. Despite what ‘Bear’ star Jeremy Allen White was told, it’s highly unlikely for a restaurant to have a machine that seamlessly re-seals cans The final scene of the first season of The Bear — an eight-episode comedy-drama about what it’s like to be a smokin’ hot guy who also inherits a failing but beloved restaurant from your deceased older brother — ends with the entire kitchen staff jubilantly opening dozens of cans of San Merican tomatoes.
Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.
Executive Summary. Region: Canada. Number of Locations: 75 and growing. Business Type: Bubble Tea. Problem : Team management was not consistently being handled across the business. Every location had their own version of the truth when it came to labor costs and productivity. A “spreadsheet mountain”. Solution : Cloud-based scheduling software. It helped franchisees lower labor costs as much as 13%.
Instagram is an increasingly popular social network and an excellent communication channel with an emphasis on visual sharing. Here are some tips on how to get started as a restaurant owner and make the app work for you.
Popular TikTok users didn’t use magic to gain millions of followers. They’ve done it through hard work. In addition to posting regularly, leverage current trends and post quality videos if you want to get more TikTok followers. When optimized properly, TikTok can be pivotal to business growth , especially if you’re targeting young demographics.
According to the National Restaurant Association (NRA), U.S. restaurant sales are expected to return to pre-pandemic trajectory and reach $898 billion in 2022. Given that businesses grow by acquiring new customers, many national QSR brands rely heavily on advertising to increase exposure. In 2021, QSR brands spent an estimated $1.8 billion on national television advertisements, and digital spend is also on the rise given the increasing influence of social media platforms like TikTok.
Managing HR tasks like payroll, compliance, and employee data can overwhelm small businesses. That’s where a Human Capital Management (HCM) solution comes in. Our eBook, Why Every Small Business Needs an HCM Solution: A Comprehensive Guide , shows how an HCM system automates tedious processes, ensuring your business stays compliant and efficient. You’ll learn how to simplify payroll, eliminate costly errors, and empower your employees with self-service tools.
The growth of short-term vacation rental supply will not only be accelerated by individual homeowners, but also from an influx of institutional investors.
Matt Plapp and his team have been to more restaurants than anyone. Since 2021, they've taken cross country to visit and document America's best independent restaurants. And they've learned what separates successful restaurants from struggling ones. Matt joins us on the Restaurant Growth Podcast to chat about: His career in radio advertising to restaurant marketing.
The restaurant industry is, among other challenging things, very competitive, low-margin, labor-intensive, and highly cyclical. To boot, at the time of publishing this blog entry, labor is scarce and more expensive than ever. The economy has just emerged from a global pandemic just to face more uncertain times ahead. But it’s okay, you like a challenge, right?
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.
Marketing nowadays takes many forms and happens on various platforms. You could do it the old-fashioned way – TV commercials, billboards ads, etc. Or try a new approach like collaborating with influencers to help you promote your business. Which is best for your business? Let’s look at both types of marketing and examine their strong and weak points.
We’re constantly being bombarded by messages about how important it is to own your customer data. But what does that actually mean, and how does it increase sales? Customer data is only one segment of the information you need for good sales insights, marketing information, and business analytics. First, let's take a look at all three segments.
Like any other business, hotels need to generate revenue in order to survive. But with the ever-growing competition, how can small hotels keep up? How can small accommodation providers keep revenue flowing? In this article, I will discuss some sales and marketing strategies to increase revenue for small hotels and stay afloat. Wait, there’s also a bonus.
Taiwanese fried chicken, also known as yan su ji. | Wonho Frank Lee/Eater. An after-school snack that tastes like teenage freedom This post originally appeared on July 2, 2022, in Stephanie Wu’s newsletter, “From the Editor,” a roundup of the most vital news and stories in the food world. Read the archives and subscribe now. The place where I fell in love with fried chicken doesn’t exist anymore.
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.
Un menú bien diseñado es una parte crucial del atractivo de un restaurante. Diseñar estratégicamente el menú ha funcionado de maravilla en algunos establecimientos de restauración. Pero decidir factores como la longitud del menú de un restaurante o si ofrecer un menú pequeño o grande puede ser complicado. Un estudio de investigación de la Universidad de Columbia reveló que los clientes prefieren menos opciones en los menús, ya que hace que el proceso de decisión sea mucho más cómodo.
Restaurants aren’t always at the forefront of implementing new technology. However, recent world events and their aftermath have led to a rapid influx of technological advancements in the industry. What started as a necessity during the pandemic has garnered much attention and will likely become a mainstay. With the food tech market slated to be valued at nearly $342 billion USD by 2027 , the demand for increased technology implementation in the industry will continue to rise.
In today’s market, it seems that just about every restaurant is hiring. Job candidates have their choice of any number of open positions – and the most qualified applicants get snapped up fast. When they land a job, candidates often don’t contact the other companies where they have applied. Why? Sometimes they’ve lost track of where they have applied.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
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