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What Does 2024 Look Like for the Restaurant Industry?

Modern Restaurant Management

A Look Back at 2023 To gauge the state of the restaurant industry, including the industry’s most pertinent worries around food and labor costs, Restaurant365 conducted a survey of over 730 customers representing 14,000+ locations in December 2022 and again in September 2023.

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Hotel Marketing Strategies For 2022 And Beyond

InnQuest

Listed below are some of the most influential and profitable hotel marketing strategies for 2022 – . In fact, according to research, 49% of consumers today take influencer recommendations into account before making their decisions. Book a demonstration of our award-winning hotel management software here.

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Outdated Health and Safety Checks Are Holding QSRs Back

Modern Restaurant Management

Optimizing employee management and centralizing communications holds employees accountable for following health and safety procedures, whether that be ensuring that employees wash their hands properly or designated areas are kept clean.

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The need for transparency for all stakeholders

Hotel Owner

Sustainability is seen as crucial to the success of businesses across industries, but there is scepticism about who is telling the truth and being ethical, accountable and transparent. In the past decade, consumer consciousness and worldwide concern have increased in tandem with the growing severity of the climate crisis.

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What strategies can hotels use to speed up their sustainability journey?

Hotel Owner

As COP 27 draws to a close, environmental risks dominate the headlines and climate-change-related risks account for three of the top risks by severity in the next 10 years. The April 2022 UN Climate Report by the Intergovernmental Panel on Climate Change (IPCC) was written by hundreds of leading scientists and agreed by 195 countries.

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ESOPs and Sustainable Restaurant Culture

Modern Restaurant Management

The biggest challenge might have been the timing, and how that affected financing (or lack thereof) which was the post COVID years of 2021/2022. Essentially an ESOP is a big picture plan that can double as an employee's retirement account. One hourly FOH employee, one hourly BOH employee, and one salaried manager.

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Back of House, Yet Front-Facing Priority – Restaurant BOH Trends to Monitor in 2023

Modern Restaurant Management

The best way to decrease food waste is to have accurate, up-to-date analysis, which means implementing a reliable restaurant accounting system. Also, BOH staff should establish a declining spending budget to account for weekly purchases and pinpoint how much budget remains for need-it-now food and ingredient purchases.