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2020 has been a challenging year for restaurants and hospitality professionals to say the least. The good news is that with the recent announcement of three vaccine trials that are up to 95-percent effective, the light at the end of the tunnel is becoming more apparent. Looking ahead to 2021, there are three trends we see defining the restaurant and hospitality industry. 1: COVID pivots are here to stay for a while longer until widespread vaccination and herd immunity.
Instagram is an important part of any business’s marketing strategy in 2021 , but you might be wondering how the social media platform can make an impact on your restaurant. In today’s world, people are constantly Instagramming their food before they eat it, especially if it looks pretty. There are bloggers who are updating their followers about their lives, everyday people trying to imitate the bloggers and food lovers who just want to share.
The startup costs of a restaurant can add up fast. Along with significant expenses such as the commercial space lease, licenses, permits, marketing, etc., procuring the right restaurant equipment is also one of the leading startup costs to look for. This article covers the list of fast-food restaurant equipment needed for opening a fast-food restaurant chain.
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.
It’s not exactly a secret that COVID-19 has affected a number of industries. It has had a profound effect on our lives in such a short time, that it’s sometimes hard to imagine that things are going to go back to normal. Among industries that have suffered the most, leisure is surely at the top. Everyone from owners to busboys has felt the devastating effects the coronavirus has had on the economy.
Sometimes you want to go where everybody knows your name. The coffee shop where the baristas seem happy to serve you. The bar where you always feel welcome after a long day's work. Or the restaurant that always delivers on-time and throws in some extras. The ideal customer for your business is the one who comes back time and time again. When it comes to getting people in the door, it’s always easier to get someone back then to find brand-new customers.
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Hospitality Management Today brings together the best content for hospitality management professionals from the widest variety of industry thought leaders.
How virtual restaurants can help keep the industry afloat — if done right. The past several months have proven to be a wildly transformative time for the restaurant industry, as many operators shift to an off-premise strategy, relying primarily on delivery and takeout orders, to remain open. With restaurant foot traffic projected to remain low as tighter restrictions are put into place, smart restaurateurs have adopted a new approach to help them sustain and even grow throughout the pandem
The pandemic has changed the physical and economic environment in which restaurants operate. Although food delivery has long been popular for certain types of food, pandemic restrictions and consumer preferences hastened the expansion of food delivery for almost all food and meals. Food delivery can be done either through the restaurant itself or through unrelated third-party online food delivery services.
Smack dab, in the middle of the Covid19 crisis, suddenly we’ve all realized just how valuable social media can be to sustaining and rebuilding our businesses. And there’s no shortage of articles informing us that we need to boost our social media efforts and understand how to properly use each channel. Unfortunately, choosing not to “play the game” or continuing to put it on the back burner isn’t going to cut it.
Cultivating and harvesting aquatic animals for consumption has been a practice of every civilization in history. Globally, aquaculture supplies more than 50 percent of all seafood produced for human consumption—and that percentage will continue to rise, according to the National Oceanic and Atmospheric Administration (NOAA). Today, there is an industry debate over wild-caught versus farmed, with the latter pulling ahead in many conversational circles.
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.
Creating a national framework designed to protect restaurants and guests by promoting transparency, the National Restaurant Association, in partnership with DoorDash, Grubhub, Uber Eats and Postmates, released Public Policy Principles for Third-Party Delivery to better define best practices for third-party delivery and guide lawmakers in developing public policy.
In this edition of MRM News Bites, we feature resources to help restaurants survive the winter weather and the learning how to improve bread-baking skills. Make it This Winter. US Foods Holding Corp. introduced its "Make It This Winter" platform, which offers a collection of resources, including one-on-one consultations with US Foods experts, informational webinars, new outdoor dining products, and updated online materials and tools for restaurant operators to tackle the ongoing challeng
The pandemic devastated the restaurant industry. For eateries trying to survive, many are implementing programs and technologies that address hygiene and safety protocols to mitigate risk and protect their employees and guests. These protocols are extremely important as restaurants are increasingly vulnerable if they are not compliant. In a proprietary survey that Bureau Veritas commissioned, more than 73 percent of people felt it was important that businesses take extra precautions regarding th
It would be an understatement to say that 2020 has been a challenging year – especially for restaurants. When planning for an unpredictable future ahead, it’s worth considering how to maximize the positive impact gift cards can have on the bottom line. Although sometimes considered an add-on to restaurant offerings, there are a wealth of marketing advantages that go beyond the initial gift card sale itself.
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.
In this week's episode of The Main Course host Modern Restaurant Management (MRM) Executive Editor Barbara Castiglia speaks with The Halal Guys’ CEO Ahmed Abouelenein about the company’s humble beginnings as a food cart provider of authentic halal cuisine, and a journey that rapidly morphed into actual food trucks, restaurants, and now, more than 90 locations spanning three continents.
Artificial intelligence (AI) is something most of us encounter in our everyday lives without even realizing it. Social networks, mobile banking apps, chatbots, robo-readers, connected devices and even ride-sharing apps are all powered in one way or another by AI technology. Accenture defines artificial intelligence as a “constellation of technologies – from machine learning to natural language processing – that allows machines to sense, comprehend, act and learn.” The dri
Tap 42 Craft Kitchen & Bar features modern interpretations of gastropub fare with signature craft cocktails, an extensive wine list, and more than 42 craft beers to choose from. Tap 42 was among the first concepts in South Florida to combine signature architectural design with a chef-driven menu, extensive craft beer list, and handcrafted beverage program.
This edition of MRM Research Roundup features news that consumers plan to put restaurants at the top of their shopping lists, the latest stats for on premise and why the restaurant of the future is here now. Diners Show Holiday Spirit. The 2020 holiday season may not offer the same gatherings, parties and hoopla of years’ past, but diners are making sure it is still filled with amazing food.
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.
QSR brands that quickly adapted television advertising campaigns with messaging to respond to the pandemic saw this strategy pay off with greater consumer engagement, according to EDO, an advertising insights and analytics company that specializes in search engagement. “QSR brands were already very offer-driven and had been promoting delivery through services like Uber Eats and Doordash, so they were better positioned to adapt and respond during this crisis, said Kevin Krim, President &
Sweetgreen. Plus, Nestle reportedly fired a worker for reporting a racist comment, and more news to start your day With many offices closed, Sweetgreen must find a new way to lure in the lunch crowd. Sweetgreen is arguably the most upscale of the pay-$15-for-a-huge-salad-because-you-forgot-to-pack-lunch places, and like the rest of those types of restaurants, it has been hit by the fact that a lot of workers aren’t going into the office anymore.
Banchan at Han Oak | Nick Woo. A kimchi crib sheet from the woman behind the jars at Portland’s acclaimed Han Oak restaurant Han Oak, the Northeast Portland Korean restaurant known for its crispy fried chicken, delicate dumplings, and seasonal vegetable banchan, is exactly the kind of place where you can feel comfortable eating alone. Because here, you’re not alone; you’re part of the family.
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.
Katheryn Moran /Shutterstock. The viral TikTok trend is both comforting and confounding for wannabe chocolatiers ‘Tis the season for hot chocolate, and an especially decadent version of everyone’s favorite holiday drink (suck it, cider) is exploding on TikTok and in suburban communities across the country. A basic-b h packet of Swiss Miss mix just can’t compete with the visually compelling and viral glory of hot chocolate bombs.
The ads of the late 1970s and ’80s were so a part of the culture that they didn’t even feel like advertising Every year during the holidays from 1982 to 1991, McDonald’s would air a commercial that, thanks to its consistency, has become as synonymous with Christmas as candy canes and reindeer. In it, a group of children go ice skating on a pond in the woods, all taking to the ice with great enthusiasm, except for one runty kid who sucks at ice skating.
Alexi Rosenfeld/Getty Images. With winter bringing a COVID-19 surge and cold weather, some restaurants are temporarily closing In 2019, restaurateur Andres Branger and his partners had three Orinoco: A Latin Kitchen restaurants in Boston. Now, he has only one. As of November 17 , two locations are officially hibernating, ceasing operations entirely for the next few months and, hopefully, reopening when it’s safer and more profitable to serve customers again.
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. From flourless chocolate cake to buckwheat cookies It’s still December. It’s still 2020. It’s still a pandemic. And so our home baking continues apace. Whether you’re baking for yourself or for friends, a need to or an interest in forgoing gluten doesn’t mean skimping on texture or taste. From pavlovas to brownies to so many cookies, these are the recipes we turn to when basic AP flour is off the ingredient list.
Popeyes chocolate-filled beignets are available nationwide starting today. | Photo: Popeyes. Plus, cannibal sandwiches, and more news to start your day Popeyes is selling beignets for the holidays. Less than three months after chocolate-filled beignets were initially spotted at a handful of Popeyes locations, the fried chicken chain is adding the dessert to its menus nationwide.
Prior to the pandemic, Porsena was always busy. | Photo: Greg Ramsey courtesy of Porsena. The story of Porsena — a Manhattan restaurant that shuttered this year after a 10-year run — is still playing out across the country as businesses feel the reverberations of the pandemic 2020 was supposed to be the 10-year anniversary of New York mainstay Porsena , and the Italian restaurant planned to go big with a slate of community events: a February dinner exploring Italian-Jewish cuisine, multiple chef
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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