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Extraordinary times always seem to lead to extraordinary innovations, and the restaurant industry is currently in the midst of perhaps the greatest time of upheaval, ever. And yet, despite the high unemployment, Quick Service Restaurants are one of the few sectors still hiring in massive numbers. So, what are the big brands doing right that they are not only surviving, but thriving during the COVID-19 pandemic?
Photo: Four Loko. Plus, Burger King’s questionable Halloween stunt, and other news to start the day Four Loko releases new flavored shots because nothing matters. After a brief foray into the intersection of wellness and apocalypse with the release of a Four Loko hard seltzer last fall , the brand whose boozy energy drinks were once known as “ blackout in a can ” has returned to its dirtbag roots with a new line of flavored, bottled shots.
Highlight and advertise your food truck with your website hub. Whether you’re just starting your food truck, or you’ve been around awhile a website is a pivotal piece in your marketing arsenal. It’s the central hub for all your food truck marketing, and not only does your food truck website need to be mobile friendly, it also must be user friendly and provide all the necessary information.
Radisson Hotel Group has announced the opening of the new 206-room hotel in Mumbai, in the Indian state of Maharashtra. The post Radisson Hotel Group opens new 206-room hotel in India appeared first on Hotel Management Network.
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.
For years, hospitality businesses including restaruants have faced the challenges of using a paper-reliant process for both domestic and international payments. Here are five ways that the hospitality industry can benefit from an automated back office. 1. Limit Paper Use and Multiple Payment Efforts. The “paper problem” is usually what instigates businesses to begin looking for alternative payment methods.
With the outbreak of COVID-19, consumers have become more aware of the importance of health, hygiene, and food safety which will play a huge role in how restaurants operate in the new normal. A recent report on Restaurant Industry and Market Evolution highlights an interesting fact: more than 80% of restaurant operators feel that food quality and safety will surpass price as a decision-making factor for cost-conscious customers.
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With the outbreak of COVID-19, consumers have become more aware of the importance of health, hygiene, and food safety which will play a huge role in how restaurants operate in the new normal. A recent report on Restaurant Industry and Market Evolution highlights an interesting fact: more than 80% of restaurant operators feel that food quality and safety will surpass price as a decision-making factor for cost-conscious customers.
IHG has signed a management agreement with K W Group to bring both the Holiday Inn and Holiday Inn Express brands to Phuket’s Kata Beach. The post IHG signs management agreement for two hotels in Thailand appeared first on Hotel Management Network.
It comes as no surprise that restaurants have had a difficult time over the past few months. Many are still challenged with a lag in guests returning to dine out, lowered capacities, and increased health and safety protocol even upon reopening. These factors can make it difficult for restaurants to realize the same level of sales and profitability as before the pandemic; some consumers have less disposable income; others are more inclined to cook at home.
Creating a restaurant business plan is essential as it helps you with better planning and provides insights to run your business better. One of the critical components of a restaurant business plan is the SWOT Analysis. A SWOT Analysis is a process that primarily involves identifying the Strengths (S), Weaknesses (W), Opportunities (O), and the Threats (T) of the restaurant business.
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.
Pivot Hotels & Resorts has been selected to manage the Le Méridien Houston Downtown in the US state of Texas. The post Pivot Hotels & Resorts to manage Le Méridien Houston Downtown appeared first on Hotel Management Network.
It’s no secret that the dining scene has changed drastically in the wake of COVID-19. As states across the country have lifted and eased restrictions, more and more restaurants have been able to open up — but how are they adapting, especially if they don’t have proper outdoor patios? And what happens now that the temperature is starting to drop in many regions?
More than half of all restaurant ventures fail within the first two years of operations. This is a known fact and one of the main reasons why the restaurant industry is considered risky. While there are various factors that contribute to a restaurant’s success, managing the restaurant finances in the right way is extremely vital. Usually, first-time restaurant operators are so focused on arranging the startup capital that they forget about the working capital, that is, the money they would
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.
Hyatt Hotels’ affiliate has signed a franchise agreement with First Hotel Reisen to open the first Hyatt property in Sweden. The post Hyatt signs agreement with First Hotel Reisen to open property in Sweden appeared first on Hotel Management Network.
As a small business owner, you know how important and impactful it is to support local creators. It could be that one customer or network that helps keep your team’s spirits up and running. With the holiday just around the corner, it may be time to spread kindness throughout your community and other businesses. How to Shop Small Businesses as a Small Business.
Photo-illustration: Eater. Since the pandemic, more people are cooking at home; many more people are tired, desperate, or sick of it. Enter frozen meals. Over the past couple months, I’ve done all sorts of things in the kitchen. Rolled out and folded up light and springy milk bread. Peeled and cored pears before preserving them in sugar syrup. Pureed celeriac in a food mill, made apple sauce in an Instant Pot, endlessly whisked stock and roux into gravy.
In the restaurant business, labor costs account for the majority of expenses. The ratio of restaurant labor costs to the overall sales averages at 22-40%, whereas it can be as high as 75% in some cases. Given the restaurant industry’s capital-intensive nature, this can affect the viability of a restaurant business over a period of time. That is why restaurants and cafes must control their labor costs and maintain profit margins.
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 United Arab Emirates (UAE) is reportedly ‘driving the recovery of the hotel industry’ in the Middle East region. The post Middle East hotels reportedly see increase in hotel occupancy rates appeared first on Hotel Management Network.
Since quarantine lockdowns began mid-March of 2020, restaurants faced unprecedented turmoil. Before global lockdowns, the U.S. restaurant industry suffered from a 74.9 percent annual turnover rate , and even more for some businesses. At the onset of the pandemic, around two thirds of all restaurant employees were displaced , with many restaurants pivoting to off-premise dining to survive.
1,300 families, 120,000 pounds of food: How No Us Without You feeds LA’s undocumented restaurant workers At 11 a.m. on a hot Tuesday in October, cars began to line up at a pair of tents pitched in a deserted stretch of downtown Los Angeles. At the first tent, Damian Diaz greeted every arrival with cold Topo Chicos and bright greetings in Spanish. He handed out sandwiches donated by a local shop, bagged-up snacks, and juice boxes; some families received books carefully sorted by reading level.
With a career in F&B, hospitality & retail spanning more than 25 years, Raymond Santamaria founded Santamaria London, a strategic growth consulting firm in January this year. He provides consultancy & project management services to a variety of clients, acting as the de facto sales & marketing lead on their behalf. Santamaria London helps its clients strategically navigate the market & commercially drive footfall, traffic, engagement & ongoing sustainable operations. .
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.
Rove Hotels has announced that it will be opening next year at Expo2020, which will be taking place from 1 October 2021 to 31 March 2022. The post Dubai’s Rove Hotels presents ‘Only On-Site Hotel’ at Expo 2020 appeared first on Hotel Management Network.
In this week's episode of The Main Course host Modern Restaurant Management (MRM) Executive Editor Barbara Castiglia speaks with Dara St. Louis, Senior Vice President and Founding Partner at Reach3 Insights, about how the pandemic has affected diner attitudes. Key topics included Reach3’s Consumer Closeness in the Age of Social Distancing program, which aims to “capture the human aspect of the pandemic,” the use of contactless technology, aspects of restaurants that are mak
The hospitality industry is the third largest employer in the United States (behind healthcare and government.) It’s a workforce of over 15 million people that all contribute to our country’s economy and culture in a major way. While the hospitality industry has undeniably been hit hard during the COVID-19 pandemic, it’s a resilient sector that is already starting to recover.
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.
The year 2020 has brought with it many changes, whether social or medical, the happenings of the last few months will have a lasting impact on the food and hospitality industry and the consumers that make use of it. Most impactful of all the events has, of course, been COVID-19. With the pandemic came a change in the way consumers socialized, ate and spent their money.
Siim79 /Shutterstock. Lost the energy to cook? Look to the Instant Pot Now that we are over the sourdough-and-regrowing-scallions part of the pandemic, but in no way over the actual pandemic, we must prepare for The Hunkering. Every winter is a time for stews, roasts, and hearty pasta bakes, but this winter it feels extra important, both because most of us are going to be indoors way more than any previous season, and have completely lost the energy to do anything but throw a bunch of stuff in a
Ruocaled /Shutterstock. Plus, Tyson is replacing federal inspectors with its own employees, and more news to start your day After eight years, the sandwich will return on December 2. McDonald’s McRib sandwich has evolved into a cult obsession ever since its launch in 1981. That’s likely because it’s not a permanent fixture on the menu in the U.S. — the chain only rolls it out in short bursts, or in certain regions, and the sandwich has inspired entire websites and groups devoted to it.
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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