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This year could be a strong one for restaurants as people relocate to new cities across the country in search of a change of scenery and a quieter life. Experts predict home sales will continue to skyrocket in 2021 as Zillow forecasts this year to be the best year for home sales since 2005, with 6.9 million homes expected to sell by year-end. The spike in remote working last year untethered people from their corporate offices and prompted many people to relocate.
If you're having trouble finding great people to work in your restaurant, you're not alone. There's a labor shortage impacting the restaurant industry, made tougher by the pandemic. Early on in 2020, we were scrambling to figure out ways to get food to customers and how to give staff enough hours and keep them on the payroll. Now as we enter a recovery stage, the biggest challenge that's emerged has become finding enough staff to fit the demand.
The idea of food trucks is gaining traction worldwide. The UAE too has seen tremendous growth in the number of businesses operating food trucks. It is pretty evident that this segment is poised to grow substantially in Dubai and Abu Dhabi over the next few years. All it needs is a good food truck business promotion plan. However, food trucks face stiff competition from QSR chains, full-service restaurants, cloud kitchens, and other restaurant formats.
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.
Over the past few years, big data has changed the way the food industry operates. The data analytics market is one that made a splash, and seemingly continues to grow as it proves its value. In fact, according to Market Research Future , the data analytics market is predicted to hit $132.90 billion by 2026. Businesses using big data can expect to see an average profit increase of eight to 10 percent — a testament to why restaurant owners and operators have embraced big data to help underst
With new restaurants popping up every day, the hospitality industry is becoming one of the most competitive to operate in. In horse races like this, there's one thing that consistently helps a restaurant stand out - targeted and personalized marketing.
Laurie Woolever and Anthony Bourdain at the Aqueduct Racetrack in Queens, New York in December 2016 | CNN. With “World Travel,” Laurie Woolever makes it possible for fans to travel with Anthony Bourdain once again Anthony Bourdain — beloved chef, journalist, TV show host, and champion of human connection — was always a storyteller first, and when he died in 2018, he was at work on a guide to traveling the world.
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Laurie Woolever and Anthony Bourdain at the Aqueduct Racetrack in Queens, New York in December 2016 | CNN. With “World Travel,” Laurie Woolever makes it possible for fans to travel with Anthony Bourdain once again Anthony Bourdain — beloved chef, journalist, TV show host, and champion of human connection — was always a storyteller first, and when he died in 2018, he was at work on a guide to traveling the world.
The Middle East as a region has grown immensely in the past few years – both socially and economically. Technology has entered every business vertical, and the restaurant industry is no exception. In the UAE, the restaurant industry has been undergoing a transformation of its own. Backed by a double-digit rise in internet services and smartphone usage, the food delivery and cloud kitchen industry is speeding up like never before, especially after the advent of COVID-19.
Now that vaccines are becoming widely available, the hospitality industry is approaching a new version of normal whereby restauranteurs can maintain a safe and healthy workplace that supports efforts to rebuild and thrive. Laws affecting restaurants have changed frequently over the past year, largely with restrictions on capacity and indoor dining, and the employer-employee relationship has endured changes and challenges as well.
Standing out from the crowd has always been a perpetual task demanding full attention of any hotelier, but has become even more apparent in the post Covid-19 era. The countless marketing, sales, and operational tools available in the market have allowed hoteliers to gain quick returns in the past, but unfortunately mediocre strategies and cookie cutter approaches won’t cut it anymore.
George Lee. TikTok and Instagram star George Lee shares his method for the easiest — and tastiest — hot-weather treat Summer in Taiwan made George Lee’s skin itch: The humidity trapped the sweat on his body, the air thick and heavy. On these “dreadful” days, Lee dipped into a convenience store, making a beeline for the freezer, its door soaked with condensation.
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.
Food truck business in the UAE has been around for almost ten years. They are part of a relatively new type of mobile business which caters to customers at various locations. Starting a food truck provides multiple advantages at once, especially pertaining to cost and mobility. Interestingly, the food truck concept has kept evolving throughout the years in the UAE and is easily the future of its food industry.
The difficulties faced by pubs and restaurants over the past year have been well publicized, but where there are challenges there is also opportunity. With many global lockdowns easing over the coming months, the outlook for restaurants globally is beginning to look a lot brighter. But why exactly is now the perfect time to invest in a restaurant franchise?
In this edition of MRM Research Roundup, we feature news of the expected pent-up demand from guests, the Great Restaurant Restart and delivery trends. Event Planning Is Back. With summer around the corner, and an imminent surge of demand for experiences and events in the months ahead, Tripleseat and SevenRooms partnered to survey 1,000 U.S. consumers to better understand their feelings about planning events in 2021.
The last year has been devastating for the restaurant industry. Every brand has had to react quickly to stay in business while trying to keep guests and customers safe. Online sales, curbside pickup, and delivery skyrocketed as restaurants scrambled to adapt. These tools were critical to surviving the worst of the pandemic, and now, as vaccines roll out and restrictions lift, restaurant technology will continue to play a major role in the recovery of the industry.
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.
Coffee shops were among the dining concepts hard hit by the pandemic. In this episode of The Main Course host Barbara Castiglia learns from Nick Stone, Founder and CEO of Bluestone Lane Coffee, about how the brand adapted and pivoted. Stone opened the coffee shop in 2013. A former athlete and investment banker, he loved the competitiveness and collaboration in both arenas. “To deliver a premium service in a very consistent way, you have to have that ethos that you’re continually impr
While the combination of vaccine deployment and additional fiscal stimulus has meant that the restaurant industry can look forward to more encouraging market conditions in the future, there's still a lot of work that restaurants and the hospitality industry need to do in 2021 to make up for the dramatic employment shortfall triggered by lockdowns and stay-at-home orders.
Inside Pa?ramo | Alejandra Arango. Tacos, tortas, tamales, and tasting menus, plus enough sweets to satisfy the most dedicated concha enthusiast The first thing any visitor to the Mexican capital will take in — probably while staring out the window in awe as their airplane descends over the intense, urbanity-on-steroids sprawl — is the sheer size of this town, 573 square miles in total.
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.
Restech titans Clover ®, NCR Corporation, Square, and Toast were selected by the U.S. Small Business Administration (SBA) as the first round of technology partners participating in a new initiative for the Restaurant Revitalization Fund (RRF). The program will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their point-of-sale (POS) service providers.
The future of meat makes for a choice conversation in this episode of The Main Course , as host Barbara Castiglia talks with Paul Shapiro, author of Clean Meat: How Growing Meat Without Animals Will Revolutionize Dinner and The World and the CEO of The Better Meat Co. Shapiro has spent a lot of his life trying to figure out ways to improve our coexistence with animals.
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.
Photo of the author by Barbora Mrazkova. In the new memoir from the musician behind Japanese Breakfast, Korean food provides a link to family and identity following her mother’s death H Mart, the popular Korean grocery store chain, is more than the setting for Crying in H Mart’ s illustrative first chapter (and a 2018 essay of the same name) — it’s the catalyst for the entire arc of Michelle Zauner’s new memoir.
Photo by Rich Fury/Getty Images for OBB Media. Diet culture is the real enemy Is a sugar-free cookie inherently triggering? Is sugar-full food inherently indulgent? These are the questions raised by the drama unfolding between pop star Demi Lovato and LA frozen yogurt shop the Bigg Chill. The answer to both questions is no, but let’s break it down more anyway!
The mind behind wildly successful YouTube channel Strictly Dumpling will showcase the city’s restaurants — and he’s got one of his own in the works, too [link].
Payroll optimization can be one of the most time-consuming and complex factors of small business management. Yet, organizations that crack the code on streamlining employee compensation often discover innovative avenues for growth. With the right strategies in place, outsourcing and streamlining payroll processes can result in substantial time and resource savings.
Shutterstock. Amazon One, which lets you pay with your palm print, is about to get tested at a Whole Foods in Seattle Amazon is introducing a handy (sorry) new way to pay at some Whole Foods stores in Seattle. Amazon One allows customers to associate a credit card with their palm print, so all that’s required is swiping your hand so Amazon can verify your biometric data.
Crust Vegan Bakery in Philadelphia | Gab Bonghi. Restaurant owners get candid about the various challenges they face in getting back to “normal” The journey that restaurant owners and workers have endured over the last 14 months has been well documented — from having to make a case for outdoor dining and dealing with impossibly high diner expectations to handling mask enforcement when their spaces began to reopen.
See how Park and her son make the milky and slightly sweet alcoholic drink At Boksoondoga brewery in South Korea, makgeolli — an alcoholic fermented rice beverage that’s milky, effervescent, tangy, and sweet — is hand-brewed with a lot of tender loving care. As owner Park Bok-soon enters her brewery’s fermentation room, she greets the onggi pots with a friendly “Hey guys, how have you been?
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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