Modern Restaurant Management

NOVEMBER 7, 2022

Striking a balance between value and price. Is it possible to strike a balance between value and price to satisfy both parties? To answer that question, Revenue Management Solutions (RMS) examined two factors: the impact of price increases on QSR sales performance and consumers’ perception of value. Is it possible?

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Revenue Hub

NOVEMBER 14, 2024

You can help advance this goal by: Promoting ancillary services like your restaurant and spa Creating packages that include breakfast or parking Applying revenue strategies to function space, food & beverage, parking, and other revenue streams Controlling costs and factoring costs into pricing decisions 2. Price dynamically.

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Hotelogix

NOVEMBER 28, 2024

Letting AI Handle the Boring Stuff Behind every great guest experience is a ton of behind-the-scenes work room assignments, housekeeping schedules, pricing updates, you name it. AI can predict which rooms need cleaning first, suggest price adjustments based on demand, and even help manage your restaurant’s inventory.

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7 Shifts

JULY 29, 2021

Kaldi's has been with 7shifts since our founding year in 2014, one of our earliest adopters of the restaurant scheduling tools. Kaldi's partnered with 7shifts over other scheduling platforms for its ease of use: “It was just so much easier and I could teach anybody in 30 minutes how to use it, and they could use it,” says Kildron.

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Hotelogix

MARCH 23, 2025

Centralized management: It allows for centralized booking and scheduling, reducing double bookings and ensuring all departments are on the same page. It is invaluable for the revenue management team as it allows them to optimize pricing strategies and package offerings by understanding demand, peak/off seasons, and other vital elements.

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LimeTray

FEBRUARY 9, 2025

The article below explores key features of restaurant POS systems, comparing top options like ere4u and LimeTray, along with their pricing factors. Employee Scheduling and Time Tracking Scheduling employees can be a real headacheespecially when its last-minute, someones sick, or you’re understaffed during the dinner rush.

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Hotelogix

JANUARY 19, 2025

Did you know that effective hotel pricing can increase revenue by up to 20%? In this blog, we’ll cover everything you need to decide hotel rates smartly, including competition analysis, pricing strategies, and tools to simplify the process. Steps to Analyze Competitor Pricing: Track room rates across OTAs and direct websites.

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Revenue Hub

JUNE 27, 2024

Effective pricing strategies are the cornerstone of spa revenue management. Setting Competitive Spa Prices Spa Revenue Management begins with setting competitive prices that attract guests while ensuring profitability. These prices can be considered standard or par. These prices can be considered standard or par.

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Pricing Scheduling Book Article 109

Hotel Business

JANUARY 9, 2025

As our state and our industry cope with the fire’s impact, we must be mindful of the needs of our communities and avoid any form of price gouging within the lodging industry. “A violation of this prohibition is a misdemeanor.

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Revenue Hub

JANUARY 13, 2025

Meanwhile, your phone buzzes with requests from sales, operations, and corporate leaders, asking for real-time insights and pricing updates. Rather than waiting for a weekly update or manually crunching numbers, you can schedule these tasks to run at set intervals – daily, hourly, or even in real-time. The benefits are twofold.

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Hotel Business

JANUARY 13, 2025

As our state and our industry cope with the fire’s impact, we must be mindful of the needs of our communities and avoid any form of price gouging within the lodging industry. “A violation of this prohibition is a misdemeanor.

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Modern Restaurant Management

JUNE 9, 2022

Let’s say the price of beef goes up. Reviewing your data from past menu adjustments may reveal an increase in the price of a chicken sandwich would create less of an impact on sales than bumping up the price of a hamburger. Another way to slice and dice data is to comb through food costs.

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7 Shifts

NOVEMBER 24, 2024

Aside from improving restaurant customer experience , market research also helps you make informed decisions about location, pricing, and marketing strategies. increase in average wholesale food prices compared to last year, you might want to update your pricing strategy. With the 4.5%

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7 Shifts

OCTOBER 28, 2024

It just goes to show how important drink pricing and cost management are to maximizing profits. Bar profit margin and pour cost Some high-performing bars can reach higher margins by optimizing their costs and pricing strategies. Keep in mind that certain drinks can be priced higher due to their popularity or unique ingredients.

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Modern Restaurant Management

FEBRUARY 17, 2025

Operators would see increased prices in their supply chain, resulting in rising costs to their guests as well. AI has the potential to revolutionize hiring processes, employee training, and even workforce scheduling, leading to more efficient operations and improved guest services. AI is also boosting staff productivity.

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Hotelogix

DECEMBER 19, 2024

Here's why hotel business intelligence is key: Smarter Choices: Accurate data helps you choose about prices, ads, and other aspects. Revenue Management Figuring out room prices can be tough. Hotel business intelligence helps you set the right price for each room. You need real facts to decide things. Here are some examples.

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Hotelogix

JANUARY 12, 2025

Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing. A Channel Manager is a tool that synchronizes your room availability, pricing, and inventory across all connected OTAs in real-time. 

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Modern Restaurant Management

MARCH 21, 2022

The key is to make the right decisions around inventory and pricing at the right times—and having the right technology can make all the difference. Even in the best of times, commodity prices change on a daily basis. Restaurant operators and franchisees are accustomed to this as a basic fact of life. and reporting.

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InnQuest

SEPTEMBER 5, 2023

It involves tracking and controlling inventory in real-time, making informed decisions on pricing, room allocation and availability, and ensuring that the right resources are available at the right time. Effective management ensures that rooms are allocated efficiently and priced competitively. Maintenance and scheduling are crucial.

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Modern Restaurant Management

DECEMBER 18, 2024

.” Value-Driven Dining for the Modern Consumer – In a time when consumers seek out both quality and quantity, L&L continues to provide substantial portions at an accessible price point. Value is about more than price—it’s about the quality of the food, the atmosphere, and the service.

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Modern Restaurant Management

DECEMBER 17, 2024

With only half of restaurants using advanced tools like scheduling software and performance tracking, there is a clear opportunity for growth. Additionally, implementing flexible scheduling, competitive wages, and comprehensive benefits can further enhance the employee experience, making roles in foodservice more attractive.

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Modern Restaurant Management

OCTOBER 22, 2024

Some systems also handle scheduling. However, this convenience comes with a price. Paying too many fees for your payroll system Automated payroll systems can help restaurant owners abide by their state’s laws, while automating payroll, overtime and tip payouts.

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Hotelogix

JANUARY 10, 2025

Let's Break It Down Google Calendar helps you manage time and schedule tasks. According to recent statistics, 67% of people use Google Calendar daily for personal or professional scheduling, indicating its widespread familiarity and ease of use. Schedule a Demo With Hotelogix Curious about how that works?

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7 Shifts

SEPTEMBER 7, 2021

7shifts' collects and analyzes large volumes of restaurant data to help inform our machine learning systems that power our Optimal Labor Tool and other efficiency and time-saving features, like the Automatic Scheduler and Labor Cost Savings Calculator. Has the price of going to a restaurant increased? Make small menu price adjustments.

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Revenue Hub

JANUARY 10, 2025

Avoid overused phrases such as Free, Click, Buy or Best Price, which can trigger spam filters. From scheduling a call or requesting more information to booking a site visit, guide recipients on the next steps to move the conversation forward. Keep it concise, relevant, and engaging. Make the CTA prominent and easy to act upon.

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7 Shifts

JULY 16, 2021

Staffing: Find, Hire, and Schedule. You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! See why 500,000+ restaurant pros choose 7shifts for scheduling and team management. Expected menu prices.

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Scheduling Marketing POS Systems Pricing 183

Modern Restaurant Management

SEPTEMBER 14, 2021

Across the country, prices for food are reaching all-time highs as inflation picks up and COVID-19 restrictions loosen, driving more consumers to resume dining, shopping and traveling. producer prices for processed poultry in May hit a record high. producer prices for processed poultry in May hit a record high.

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7 Shifts

AUGUST 18, 2024

But the challenges don’t stop there—once open you have to focus on improving processes, managing labor schedules, and controlling restaurant costs. Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Fast casual: 28.9% Casual: 33.2%

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POS Systems Scheduling Budgeting Pricing 148

Modern Restaurant Management

FEBRUARY 27, 2023

Hold Vendors Accountable to Contract Pricing As restaurant owners receive vendor invoices, they should use a system that can track purchased item costs to discover any contract violations. Reviewing these numbers frequently can help to hold vendors accountable to the prices they are quoting.

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Modern Restaurant Management

APRIL 29, 2021

Nguyen also created flexibility in the work schedule: Traditional shifts were trimmed into shorter shifts to accommodate employees' lifestyle needs, such as students or workers needing supplemental income. “Use good scheduling systems that don't require employees to come into work to look at the schedule,” he said.

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Modern Restaurant Management

DECEMBER 20, 2022

Increasing menu pricing has helped to offset costs and so far, has continued to attract customers since grocery prices are outpacing the increases in restaurant tickets for dining out." The second is pricing. Menu prices have consistently risen since 2021. In June 2022, average price increase spiked from 10.7

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Modern Restaurant Management

OCTOBER 28, 2022

1 – Hone Your Labor and Scheduling Processes. Scheduling software can help you determine optimal staffing levels based on forecasted demand. Here are four ways to lead your restaurant more effectively. It’s no surprise that getting your staffing wrong is an expensive mistake for restaurants.

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InnQuest

SEPTEMBER 12, 2023

Preventive maintenance schedules and swift repairs are essential to prevent service disruptions and ensure guest safety. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Continuously monitor and adjust pricing strategies to maximize profitability.

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Modern Restaurant Management

SEPTEMBER 7, 2022

Menu engineering, particularly for enterprise restaurant brands, has to take into account myriad details, from supplier pricing in different regions to regional menu item preferences to rapidly changing food costs.However, menu engineering doesn’t have to be a task you dread. Tap Into Technology to Make Menu Engineering Easier.

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Modern Restaurant Management

OCTOBER 22, 2021

Use Ad Scheduling to Your Advantage. You can schedule your ads ahead of time, thanks to Facebook’s scheduling tool. Use ad scheduling in conjunction with other restaurant promotion methods, such as mobile messaging. Facebook’s scheduler allows you to get this content out well before the day itself.

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Modern Restaurant Management

SEPTEMBER 22, 2021

It’s paramount to find out if cost or schedule is more or equally important to the owner. The supply and labor shortages alone have caused prices to skyrocket, impacting every aspect of your project. Spearhead Scheduling/Risk Management. Identify Owner Priorities. Analyze Costs. What was the original project budget?

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Scheduling Budgeting Pricing Marketing 185

7 Shifts

NOVEMBER 25, 2024

There are a handful of scheduling/staff management tools, like 7shifts, proven to cut labor costs and provide more rigid guidelines for your restaurant staff. Especially with buyers juggling 300+ ingredients each week, it can be difficult to stay on top of deals and prices.

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