article thumbnail

MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

While restaurant sales were lower for November of 2018, November of 2019 did not include the same holiday headwinds. Second, the shift of Thanksgiving into December of 2019 converts from tailwind to headwind this month. percent from 2018 to 2019, sales for the whole weekend only increased about four percent. First, at 2.1

Events 128
article thumbnail

‘Bring the Dining Room Experience to the Windows’

Modern Restaurant Management

Joining Mood in 2018, he currently oversees the QSR team, focused on North America Account Management efforts. Simply put, the experience should look, feel, smell, and sound differently from their last visit in 2019. Businesses should be asking themselves, 'What do I want to communicate and what is my strategy behind the message?’

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Event review: Recovery strategies at Deloitte conference

Boutique Hotel News

When my colleague George Sell attended the in-person event in 2019, sustainability had dominated the agenda. On the consumer front, Stewart also highlighted that the top 50 per cent of households account for almost 70 per cent of all spending, inferring that high income individuals are in a strong position to sustain the market. .

Events 162
article thumbnail

JLL: Global hotel investment volume to accelerate in ’24

Hotel Business

Though 2023 proved to be a challenging year for commercial real estate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.

article thumbnail

How Restaurant Owners Can Prepare for the COVID-19 Cold Weather Lull

Modern Restaurant Management

It’s a good time to make sure you’re accounting for potential effects of the pandemic as you create next year’s budget. In fact, the industry had a turnover rate of 75 percent in 2019 and this trend was aggravated in 2020 by the pandemic. Hire the Right People.

Budgeting 230
article thumbnail

How to Capitalize on Business Travel Rebound & Bleisure Trends

Revenue Hub

Business travel globally continues to trend up YoY since 2019 according to a January 2023 poll conducted by the Global Business Travel Association. Tailored marketing and communication Corporate and leisure guests require different marketing and communication strategies.

article thumbnail

Q&A: HFTP’s Frank Wolfe on technological innovation in the hospitality industry

Smart Brief Hospitality

Because of this, hospitality companies quickly rallied to add mobile check-in and room keys, guest communications via text messaging, AI-powered concierge services, specialized and automated cleaning, and more. Another big game changer, over the last decade, is the automation of operational and accounting processes.

Concierge 104