This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As the desire to develop new and update older restaurant establishments increases, designers and owners seek to add an authentic historical touch to their spaces by incorporating architectural salvage. Upcycled antique fixtures ranging from industrial lighting and chicken wire glass to historic chandeliers and reclaimed wood tables add the perfect sustainable transformation to the dining experience, according to Noel Beauchamp, of Olde Good Things, an architectural salvage company with retail lo
Restaurants worldwide are finalizing their checklists for sanitation requirements, curbside and delivery setup, and figuring out new seating layouts for six feet of social distance. Nevertheless, there are some restaurants that are taking creativity a little further when it comes to re-opening non-essential companies. Some government officials have instituted a Temporary Outdoor Restaurant Permit , which allows restaurants to use parking spots for additional seating.
Times have changed for the restaurant industry. But while COVID-19 has shuttered countless businesses, made gathering off-limits, and put our beloved dining world at risk, we believe restaurants will recover, reopen, and rebuild. When they do, there are a number of simple, practical and budget-friendly ways you can begin marketing again—here’s a guide to getting the word out and welcoming guests, new and old, through your doors again. .
Ever since the World Health Organization (WHO) declared coronavirus to be a global pandemic, restaurateurs and F&B managers have been figuring out how to handle their finances to stay afloat. Demand has slowed down considerably , and the restaurant industry is beginning to lay off workers. In this article, we will discuss some effective ways to manage your restaurant finances and stay afloat. .
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.
When you think of artificial intelligence, you might think of examples from science fiction like Terminator or The Matrix. Modern AI exists without the limitations that you see in movies, operating on everything from the smartphones in your pocket to the website that uses machine learning to track COVID-19. Artificial intelligence was designed to solve for specific tasks and has applications that can dramatically impact the bottom line in your restaurant, from automating features to the burger-f
Last year, a National Restaurant Association survey claimed that 87 million Americans planned to dine out on Mother’s Day. Due to coronavirus disease 2019 (COVID-19) infecting more than 1.17 million people in the U.S. and causing approximately 68,000 deaths, families will have to act creatively this coming Sunday. Whether they order to-go for family members in different households or just for their own mothers, dining-in will be the new normal this Mother’s Day.
OpenTable’s new weekly webinar series, In it Together , tackles key topics facing the industry during the COVID-19 crisis. What does hospitality look like in a time of emergency? How can we support our communities today, both financially and emotionally? Hosted by our COO Andrea Johnston, the platform brings together restaurant leaders and experts to foster conversation and share advice during uncertain times.
72
72
Sign up to get articles personalized to your interests!
Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
OpenTable’s new weekly webinar series, In it Together , tackles key topics facing the industry during the COVID-19 crisis. What does hospitality look like in a time of emergency? How can we support our communities today, both financially and emotionally? Hosted by our COO Andrea Johnston, the platform brings together restaurant leaders and experts to foster conversation and share advice during uncertain times.
Cloud kitchens or Delivery-Only kitchens are becoming more prevalent with the advancement of technology. With the growing interest of restaurant owners, inventors, and entrepreneurs in the cloud kitchen industry, there have been multiple fundraising events by cloud kitchens around the globe. Dubai based F&B brand Kitopi on February 2, 2020, announced that it had secured funding worth $60 million for expanding operations in the food delivery space.
The pink and blue horse illustration at the top of this article is not clickbait. It’s an example of what Prague’s Manifesto Market is doing as part of its reopening operation. Manifesto uses the unit of a horse length to help people visualize social distancing and the market layout will increase gaps between the tables to meet the mandatory distance requirement. “We can tell Czech people are very disciplined and they have learnt the routine of how to protect themselves and oth
For the 37 million U.S. residents with Mexican heritage, today will likely be the quietest Cinco de Mayo they have ever experienced. Many will not be allowed to celebrate it in a restaurant at all, nor in groups exceeding 10 people. Dining rooms in most states remain closed, with some exceptions in Georgia and Texas. Celebrated by Mexicans continuously since their army won the Battle of Puebla against France on May 5th, 1862, the coronavirus has mostly halted all large group celebrations this ye
The coronavirus pandemic has shown that for restaurants, community comes first – including staff, guests, and professional peers. Operators are quick to stand in solidarity and share struggles and successes. As part of OpenTable’s partnership with Top Chef’s Restaurant Wars , we tapped into that spirit of generosity, asking chefs to tell us about the ups and downs of their careers: lessons learned, mistakes made, and their personal evolution along the way.
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.
With Coronavirus cases multiplying across the globe, the scenario of loss of livelihood as a result of this pandemic is causing anxiety and fear. Several organizations and teams are working round the clock to support the needy. An overview of the precautions restaurants need to take while contributing to society are mentioned below: Wear masks and gloves at all times when you’re outside.
As restaurants throughout the country begin to reopen their dining rooms, it's important for restaurant owners to feel prepared and know what to expect as the “new normal” and how to operate accordingly. Our consultants have identified seven categories that must be addressed. While the list is not exhaustive or all-inclusive, it is a general overview of action items food service operations should follow.
From their lowest levels reached during March, publicly traded restaurants have irrefutably outperformed the broad market as of today. Wendy’s has rallied 178% from its lows. Cracker Barrel has rallied 66%. Darden Restaurants — the multi-billion dollar owner of Olive Garden, LongHorn Steakhouse, Cheddar’s, Yard House, Bahama Breeze, and Capital Grille — has rallied a stunning 186%.
Every week we’re rounding up some of our favorite articles with trends and tidbits from the world of restaurants. Tell us: what made your reading list this week? James Beard Foundation Will Announce 2020 Awards Finalists May 4 – Eater. The James Beard Foundation will announce the 2020 award finalists in a livestream Monday, after postponing the event due to the pandemic.
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.
COVID-19 has left no industry untouched, but none more devastated than the hospitality industry. With the restaurant industry expected to lose up to $240 billion by the end of 2020 , the economic effects of the pandemic will be felt for many months – and even years – to come. But there is a light at the end of the tunnel, with many states and countries heading for reopening as new cases decrease in the U.S. and abroad.
To the relief of employers and workers across the country, states are beginning to reopen their economies — albeit at different speeds and stages, and mostly with cautious steps. For restaurants, this means dine-in service will begin again — or will be soon — and more employees will be returning to work. This is great news for an industry that has seen countless restaurants limited to takeout or delivery orders, if they were even able to remain open at all during the COVID-19 c
Faced with the stark reality of closed dining areas, people working from home, and home-cooked meals, COVID-19 will force a radical rethinking of Quick Service Restaurant (QSR) marketing. It’s no longer about smack downs over who has the best coffee, the world class burger or the most delicious fried chicken sandwich. Marketing messaging must shift to encouraging already loyal customers to come out for contactless access to food, drive-through speediness or free delivery charges.
This edition of MRM's "Ask the Expert” features advice from Buyers Edge Platform. Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Q : What Supply Chain Considerations Should I Keep in Mind Moving Forward? A : As states and counties look to reopen across the US, one area restaurant operators are looking toward is their supply chain.
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.
While takeout and delivery revenue has more than tripled since 2014, reaching over $300B+ in 2019, demand for delivery services has skyrocketed as businesses shift to takeout and delivery-only models in response to COVID-19. In fact, delivery is 300 times more popular than before social distancing measures came into effect, per Yelp’s Coronavirus Economic Impact Report.
Amid the panic that the Covid-19 virus has placed the world under in terms of healthcare and economic survival, another pressing issue has arrived at the forefront of concern. This is not an issue which has spawned from nothing. It is one which has been prominently circling for decades but, with the current situation, has been drastically exacerbated.
Generally speaking, everyone knew the month of April would be terrible for the economy, but we now have the official numbers. U.S. employers cut 20.5 million jobs in April. The unemployment rate officially hit 14.7%. Same-store sales at restaurants dropped by 55% nationwide in April. “The worst of the sales decline is behind us, and we are now starting the long road towards recovery,” said the polling administrator.
Restaurants through the country are struggling with the following issues: whether to re-open, when to re-open and how to re-open. By no means are the answers to these questions straightforward. In most parts of the country, the answer is often dictated, in part, by government restrictions. Although one size does not fit all, this article provides tips to consider as you plan ahead and ultimately re-open your restaurant.
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.
In this edition of MRM News Bites, we have tech investments, new products, charitable endeavors and more. Yelp Reimagines Business Owner Platform. Yelp launched a number of new features to support businesses owners who have adapted their operational models, in addition to giving consumers the ability to better discover businesses that meet their needs.
Sysco is the largest food service distribution company in the world, selling over $50 billion of food annually to restaurants, hotels, hospitals and concert venues. CEO Kevin Hourican appeared this morning on Bloomberg Television to discuss his latest views on the restaurant industry. “The extent of the COVID-19 crisis is more substantial than any other throughout the company’s history,” said Hourican.
Pooja S. Nair, a partner at Ervin Cohen & Jessup LLP compiles recent legal news affecting the restaurant, food and beverage and hospitality industries for Modern Restaurant Management (MRM) magazine. Administrative Developments. States Permit Alcohol To-Go Orders : Several states have already temporarily loosened their restrictions to permit restaurants to sell alcohol to customers placing to-go food orders during the COVID-19 emergency.
We organize all of the trending information in your field so you don't have to. Join 11,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
225 
Let's personalize your content