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2022 Restaurant Insurance Update

Modern Restaurant Management

According to the National Restaurant Association , the dining industry should generate $899 billion in revenues in 2022. Midway through 2022, COVID-19 is still a problem, albeit nowhere near the size and scope of 2020 and 2021. ” The Takeaway on Restaurant Insurance Trends in 2022. with many having to shut their doors.

Budgeting 208
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Canada, Latin America had healthy 2022 construction pipelines

Hotel Business

Lodging Econometrics (LE) reports that both Canada and Latin America saw growth in their respective hotel construction pipelines for 2022. At year-end 2022, projects presently under construction in Canada stand at 52 projects/6,593 rooms. Canada had 29 new hotels, accounting for 3,213 rooms open in 2022.

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SynergySuite 2022 & 2023 Product Updates 

Synergy Suite

As SynergySuite continues to innovate, we are happy to share our latest advancements and product releases for the SynergySuite application in 2022 and early 2023. New Schedule Editor – Week View We’ve completely redesigned our Schedule Editor tool to make it easier and more efficient than ever before.

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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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How Restaurants Can Attract and Retain Workers Tempted by Retail Holiday Job Offers

Modern Restaurant Management

Restaurants are still suffering from a labor shortage – according to the National Restaurant Association , as of September 2022 “eating and drinking places [were] still 560,000 jobs (or 4.5%) below their pre-pandemic staffing levels – tops among all U.S. industries.” Using technology to automate hiring.

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Hotel construction pipeline up by 4% at end of FY22 

Hotel Owner

The total global construction pipeline for hotels at the end of 2022 stood at 14,267 projects, a 4% increase year-over-year (YOY), with 2,298,846 rooms in the works. Projects scheduled to start construction in the next 12 months stand at 3,591 projects/510,969 rooms, up 1% by projects YOY and down 1% by rooms year-on-year.

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LE: Latin American construction projects up 11%

Hotel Business

At Q4, projects currently in the under construction stage account for nearly half of the projects and rooms in Latin America’s total pipeline. Projects scheduled to start construction in the next 12 months are at 172 projects/27,625 rooms, up 9% by projects and 16% by rooms YOY.