Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Plan for Gaps in Your Budget. That said, restaurants didn’t have COVID-19 written into their budget at the beginning of 2020.

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Revenue Hub

NOVEMBER 15, 2022

If your hotel is not currently considering including new technology in the 2023 budget, below are 5 things you may wish to consider – plus an added bonus: 1 reason NOT to adopt new technology. Of course, the level of expectation will vary hugely depending on the guest, market and hotel. 2023 is time to do less with more.

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Modern Restaurant Management

FEBRUARY 1, 2023

TouchBistro found that only 39 percent of restaurants are investing in professional development opportunities to stay competitive, compared to 43 percent in 2019. When deciding where to recruit restaurant workers online, many job platforms promise to plaster your jobs across the Web for a fixed price.

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eZee Absolute

DECEMBER 7, 2023

It helps you better manage resources, predict customer wants and needs, and come up with the most effective pricing strategies to boost your hotel’s revenue. But imagine how tedious it would be to adjust prices across all the distribution channels. Do not shy away from revenue management. Do not shy away from revenue management.

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Hotel Owner

JULY 12, 2023

With London’s ADR tracking above inflation and ADR for regional hotels on par with 2019, this resilience in trading is attracting investor sentiment in the sector, according to Knight Frank. It argued that an appetite to secure quality hotels in prime locations, or sites with repositioning and value-add potential, remains strong.

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Revenue Hub

FEBRUARY 6, 2023

dip in prices from November. But despite the good news of mostly dropping prices this month, travel costs are far higher than they were in the past. According to a study by NerdWallet, hotel prices are still very much on the rise. Everywhere you look, room prices are soaring. Is it time to raise our hotel room rates?

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Modern Restaurant Management

NOVEMBER 18, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features if cooking is becoming a thing of the past, Drinksgiving, the state of snacking and the impact of sensory marketing. When it comes to sales, the industry’s run to the finish line at the end of 2019 will be much more of a crawl than a sprint.

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Revenue Hub

JUNE 21, 2023

NB: This is an article from Duetto Subscribe to our weekly newsletter and stay up to date 80% Of Hotels Don’t Use Revenue Software According to Skift’s RMS Landscape report of 2019, more than 80% of hotels do not use an RMS. Your Competition May Have No Idea What They’re Doing From market to market, this can vary greatly.

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7 Shifts

SEPTEMBER 19, 2019

Accounting and finances: Manage budgets and track food and labor costs. Marketing and advertising : Market your restaurant to help achieve optimal restaurant capacity (social media and review management included). Or, you can turn your puzzles into popular dishes by lowering the price. Here are six: Track your food cost.

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Serviced Apartments

MARCH 7, 2023

Worldwide: SilverDoor’s latest quarterly market update has revealed that corporate housing rates are up 15 per cent in EMEA and 27 per cent in APAC. The market update for March 2023 gives a brief outlook of the state of the global accommodation market based on the corporate housing agent’s booking data.

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InnQuest

OCTOBER 5, 2022

These platforms offer multiple benefits for the price paid, including marketing and exposure to global markets. Small-size B&Bs and independent hotels that cannot afford to market their brands at such a massive bandwidth are sure to benefit from this option. This phenomenon is popularly known as the billboard effect.

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Revenue Hub

NOVEMBER 17, 2022

Projected Increase in Flight Prices. Thanksgiving airline prices are 25% higher than 2019, and Christmas airfare prices are already 55% higher than 2019. Thanksgiving airline prices are 25% higher than 2019, and Christmas airfare prices are already 55% higher than 2019.

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Hotel Owner

DECEMBER 20, 2022

Aimbridge EMEA has reported an average of 15% uplift in RevPAR across its UK portfolio against 2019, with certain locations doubling that performance at points during 2022. Our portfolio continues to grow and we exceed market share across the country.

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Hotel Business

MARCH 16, 2023

The report highlights the following insights: ADR and occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In 2022, ADR exceeded the 2019 ADR by 17%. In 2022, pent-up demand for travel shifted the balance back in favor of OTAs and reached 2019 levels again.

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Hotel Owner

FEBRUARY 8, 2023

Across the UK, operators also saw significant growth, with the industry reaching peak RevPAR (Revenue Per Available Room) of upwards of 10% and 15% against 2019. The UK is also starting to see a more diversified market emerge, with changing consumer behaviours impacting the locations they are opting to visit.

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Hotel Business

APRIL 12, 2023

based and European executives with travel budget oversight, fielded between Feb. and Europe is projected to surpass half of 2019 levels in the first half of 2023 and rise to two-thirds by the end of the year. respondents expect international trips to account for 33% of 2023 spend, up from 21% in 2022 and similar to 2019 levels.

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Modern Restaurant Management

SEPTEMBER 15, 2021

Uncovering consumer confidence and preferences in an ever-shifting market as a result of COVID-19 restrictions, Restaurants Canada is shining a light on what restaurateurs and chefs can expect with the release of the 2021 Discerning Diner Report. . Despite these struggles, Alignable also learned in its poll that the No.

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Hotel Owner

MAY 20, 2024

It is estimated that in 2021 alone, domestic travel accounted for 96% of the UK’s total travel and tourism expenditure while two years prior, in 2019, it represented 81% of the total expenditure. For UK hotels, this represents a golden opportunity to capitalise on the ever-increasing domestic tourism market.

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Hotel Business

NOVEMBER 9, 2022

The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks. Capital expenditures should aim to protect market share and enhance property value. Guest expectations are at an all-time high.

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Revenue Hub

MAY 11, 2023

of 2019 levels in 2023, and Amadeus reports that 64% of event professionals say their spending increased this year. Based on its Meeting Recovery Forecast , overall meeting volume will surpass 2019 levels in mid-2023. Economic Headwinds These bullish forecasts may seem at odds with economic downturns across other markets.

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EATER

FEBRUARY 27, 2024

Elijah Nouvelage/Getty Images Earlier this week, the FTC filed a lawsuit alleging that the deal would eliminate competition and raise grocery prices It’s likely that the place you shop for groceries every week is owned by one of two companies — Kroger, or Albertsons. In reality, mergers give these large companies the power to dictate prices.

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Modern Restaurant Management

JANUARY 12, 2022

CGA’s latest BeverageTrak data reveals that seasonal trends over the last weeks of 2021 loosely mirrored those seen in 2019 – with a strong build up to Christmas followed by a decline in the week immediately before December 25. In the latest BeverageTrak data from CGA’s On Premise Impact Report.,

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Boutique Hotelier

JANUARY 5, 2023

Rising utility costs are posing a huge threat to the hotel sector, with many hospitality businesses facing the prospect of a bleak few months of survival as prices for electricity, energy and heating increase. He told BH that the hotel locked in its gas and energy prices at the beginning of 2019 for three years.

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Revenue Hub

APRIL 14, 2023

based and European executives with travel budget oversight, fielded between Feb. and Europe is projected to surpass half of 2019 levels in the first half of 2023 and rise to two-thirds by the end of the year. respondents expect international trips to account for 33% of 2023 spend, up from 21% in 2022 and similar to 2019 levels.

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Boutique Hotel News

APRIL 18, 2023

AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates. Previously, hotel owners did that manually or simple tools were used.

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Boutique Hotel News

OCTOBER 28, 2022

From shopping malls to beach clubs, museums to theme parks, there are now activities and experiences in Qatar for every type of traveller, from every nation, and to suit every budget. All these measures combined are expected to add up to 70,000 rooms to the market. per cent), the US (17.23 per cent), UK (8.47 per cent) and India (3.76

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7 Shifts

JUNE 4, 2021

Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. It also plays a key factor in pricing your menu. Prime cost doesn't include equipment, utilities, marketing, or any other costs unrelated to creating what you sell to guests.

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Revenue Hub

MARCH 22, 2023

Within our global dataset, we found that in 2019 OTA-sourced bookings made up 57% of all reservations, while non-OTA bookings (website, phone, email, and walk-in) made up 43%. You can set a budget for how much you want to bid for each click and adjust bids to optimize your overall strategy.

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SiteMinder

FEBRUARY 28, 2023

Key Chinese tourism trends and stats in 2023 It’s worth noting that prior to the pandemic, China was the world’s largest source of outbound tourists with $253 billion contributed to the global economy in 2019. Early data indicates that travellers from China will take 110 million international trips in 2023, two-thirds of 2019 volume.

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Modern Restaurant Management

JANUARY 3, 2024

Additionally, it means enacting ways to incentivize guests to order from a brand’s direct ordering channels, with offers like exclusive items and pricing, to drive in-house digital sales and therefore retain owned guest data. – Noah Glass, Founder & CEO, Olo Looking ahead to 2024, we anticipate more change. .

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EATER

MARCH 24, 2023

The coalition insists that this merger is an obvious monopoly that will lead to “store closures, thousands of lost jobs, and higher food prices.” How the Kroger-Albertsons merger would affect customers If the Kroger-Albertsons merger is completed, its critics say that grocery prices will increase due to diminished competition.

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SiteMinder

FEBRUARY 25, 2024

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. Chinese travellers took 40 million outbound trips in the first half of 2023 – lower than 155 million outbound trips in 2019 , but more than the near-zero trips during the country’s extensive COVID lockdown.

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Modern Restaurant Management

APRIL 29, 2021

March restaurant sale surged 36 percent year-over-year and nearly reached 2019 levels. Employees check their balance approximately seven times per week, allowing them to manage their budgets and take control of their finances. ” One way to do so: increase menu prices. Two-thirds of new hires signing up for DailyPay.

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Modern Restaurant Management

NOVEMBER 2, 2020

The cost to start a delivery service can depend on many factors, such as labor needs, POS upgrades, and marketing costs. Menu price changes. Finally, they asked survey respondents if they had raised or lowered their menu prices in response to the pandemic, and how their guests have reacted to those additional costs.

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Modern Restaurant Management

JANUARY 15, 2020

. “As Thanksgiving was celebrated so late in the month, it fell into December for 2019 according to the calendar we use for reporting.” This was the best 2-year growth rate in all of 2019 and the fifth consecutive quarter in which the industry has been able to post positive growth under this longer-term view.

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Modern Restaurant Management

FEBRUARY 5, 2021

." Plant-based eaters are fortunate in that meat-free meals tend to cost less than their non-veggie counterparts (such as seafood, steaks, and roasts) — which is a good thing considering more people are dining out on a budget following the economic troubles of 2020. Quality Over Quantity (Fewer Offerings).

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Modern Restaurant Management

AUGUST 3, 2020

Cookies also surged in order frequency, with Skillet Chocolate Chip Cookies seeing a 1,193 percent increase in orders compared to the first half of 2019. percent of Americans excited to order this 2019 staple. compared ordered behavior from January – June 2020 and January – June 2019. Marketing and Promotions.

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