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CBRE: Loyalty programs should soften economic downturn impact

Hotel Business

Over the past 10 years, room nights, loyalty members, loyalty program liabilities and redemption revenues may have been influenced by accounting changes, brand mergers and acquisitions, dispositions, rebranding and dynamic point pricing. Efforts were made to check for outliers, but this analysis should not be considered same-store.

Book 115
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Four Reasons to Consider a Virtual Kitchen Now

Modern Restaurant Management

Even before COVID-19, the food delivery industry was expected to grow from $43 billion in 2017 to $467 billion in 2025 – now it's expected to be $1 trillion by 2030. In fact, according to The Washington Post , it’s one of the only areas in the restaurant industry seeing growth right now. Flexibility Can Help You Reap Rewards.

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How to do Unhinged Marketing the Right (and the Wrong) Way

Social Hospitality

Be accountable and fix things if needed. In 2017, the fast food chain gained X (formerly Twitter) fame by cleverly responding to a customer’s comment. While there’s no source directly showing the impact of Wendy’s unhinged marketing strategy, studies indicate an increase in sales since 2017.

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Proven restaurant pricing strategies for business success

Les Roches

Strategic decisions about menu design, customer de­mographics, and pricing strategies also play critical roles. By unde­rstanding effective pricing strate­gies, restaurants can achieve a sustainable balance betwe­en profitability and memorable customer experience. Bachelor in Hospitality Management.

Pricing 52
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Seven Top Restaurant Marketing Ideas And Trends

Modern Restaurant Management

Instead of promoting items according to price or margin, promote what your customers love. Creating a Google My Business account for your restaurant is a great way to ensure that all vital information will be at the customer’s fingertips. Others tend to emphasize their cheaper menu options.

Marketing 226
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In conversation with the founder of a&o Hostels

Hotel Owner

In 2017, we started to monitor our carbon footprint. We now have a software that tracks every bill by footprint – even if it’s just filling the car, it appears on this software that squeezes information from our accounting system every year to see what we spend and how that translates to the company’s footprint.

Training 105
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‘Jiro’ and the Impossible Dream of Authenticity

EATER

Ono’s perceived authenticity accounts for at least some part of his reverence. This “ hierarchy of taste ,” in which Japanese food is seen as more “elite” and able to demand prices closer to French and American cuisine than those of other Asian cultures, is the result of class hierarchy among immigrant groups in the U.S.,