Modern Restaurant Management

FEBRUARY 5, 2024

Pizza Ordering Predictions HungerRush released the results of a national dining survey on 2024 pizza ordering predictions for The Big Game (February 11) and National Pizza Day (February 9). Restaurateurs are not only investing in AI to address labor challenges – more established automation tools are also on the agenda in 2024.

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Modern Restaurant Management

APRIL 10, 2024

But if last year was any indicator, restaurant operators are on the road to relief in 2024. In 2024, we expect these trends to shape the restaurant sector. Adapt to Growing Price Fatigue Since the pandemic, controlling food costs has been a major challenge for restaurant operators. Full-service menu prices climbed 4.5

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Modern Restaurant Management

JANUARY 3, 2024

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. We will rely heavily on the travel industry in 2024 to continue bringing us customers from local cities like Philadelphia, DC, Baltimore, New York, NJ, etc.

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Revenue Hub

JANUARY 17, 2024

As the hospitality industry gears up for a transformative year in 2024, hoteliers face an exciting challenge – how to capitalise on emerging trends to boost bookings and revenue in the first two quarters. By utilising data effectively, hotels can optimise advertising budgets and drive bookings with a higher conversion rate.

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Modern Restaurant Management

DECEMBER 27, 2023

restaurant industry will continue to shake off the aftereffects of the pandemic in 2024, but that doesn’t mean the challenges that remain are easily dispelled. It’s a continuing problem into 2024 for establishments that serve, making it critical to have adequate liquor liability insurance.

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Hotel Owner

APRIL 19, 2024

In fact, according to data firm OAG, European airlines have set aside more than 800 million seats between April and October, and further data indicates that 84% of consumers are prioritising travel within their own personal budgets this year. But where exactly do the opportunities lie for the mid-scale market in 2024?

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Revenue Hub

OCTOBER 31, 2023

NB: This is an article from GBTA But even as business travel has rebounded, the industry is looking ahead at key areas poised for change and impact in 2024, with an emphasis around travel cost management strategies, sustainability, the transformation of retailing models, and the integration of emerging technologies.

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Duetto Cloud

NOVEMBER 30, 2023

Lub d currently has six properties in Thailand, Cambodia, and the Philippines rate optimizing on Duetto, with two new properties coming online in 2024. Narai Hospitality Group started onboarding its Lub d collection of lifestyle onto the Duetto platform in 2021.

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Revenue Hub

MAY 2, 2024

Statista estimates that 2,707 hotels will open their doors globally in 2024. A handful of multi-brand conglomerates are now dominating the market across segments from luxury to budget. In fact, hotel occupancy is expected to increase by 2.5% globally and the average daily rate (ADR) is projected to grow by 4.9%.

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Hotel Owner

JULY 24, 2023

Preparing hotel budgets for 2024 is shaping up to be one of the most delicate tasks – and even with the increasing benefits technology provides to daily hotel operations, the process isn’t getting any easier. Even the data operators possess leads them to repeatedly reiterate budget expectations, losing time along the way.

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Hotel Owner

NOVEMBER 17, 2022

Meanwhile, the annual exempt amount for capital gains tax will be cut from £12,300 to £6,000 next year, and later to £3,000 from April 2024. in 2024, 2.6% Other measures announced in the budget include: . A £3.3bn increase the NHS budget over the next two years. Defence budget to remain at least 2% of GDP.

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Modern Restaurant Management

JANUARY 15, 2024

Is inflation still driving wing prices? The price of many staple items is continuing to increase throughout the beginning of this year. Catering and parties will become increasingly popular in 2024 as people continue to gather for in-person events, so consider offering Super Bowl catering menus for parties at home.

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Hotel Owner

OCTOBER 16, 2023

Elegant Hotel Collection is venturing into the luxury soft brand market with a portfolio of 25 luxury hotels and ambitious plans to add 50 more worldwide by the summer of 2024. The group adopts a pay-on-performance model, prioritising results-based pricing over fixed costs to ensure measurable ROI.

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Hotel Owner

NOVEMBER 22, 2023

Chancellor Jeremy Hunt has announced a series of measures to help boost the UK economy as part of his Autumn Budget including slashing National Insurance by 2% and freezing business rates for retail and hospitality. in 2024. As part of the new measures, Hunt revealed that National Insurance will be cut from 12% to 10% from 6 January.

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Revenue Hub

DECEMBER 14, 2023

In this blog, we analyze three key hospitality trends for 2024 and look at the excitement, challenges, and fears that they may bring along the way. This equals the same number of people saying their travel budgets have been affected by rising costs. Our data also confirms the role that price plays when leaving a review.

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Revenue Hub

FEBRUARY 20, 2024

Google Hotel Ads commission-based models to sunset The upcoming changes, slated to take effect on April 30, 2024, mark a significant shift away from commission-based bid strategies in Google Hotel Ads (GHA) campaigns. However, existing campaigns utilizing commission-based bid strategies will continue to run until October 31, 2024.

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Blue Magnet Interactive

OCTOBER 31, 2023

Learn how to budget and drive direct bookings in 2024. Meta-search Engines Platforms like Kayak, Skyscanner, and Trivago aggregate hotel prices from various sources, allowing travelers to compare prices and choose the best deal.

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SiteMinder

SEPTEMBER 25, 2023

However, when it comes to room costs, which form the bulk of a stay’s bill, the reality is that rising prices are forcing today’s traveller to make adjustments. Only 20% say they are completely unaffected by price increases, while, for 39%, package deals and cheaper rooms are now the most common by-products of rising costs.

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EATER

FEBRUARY 15, 2024

Getty Images All it takes is two ingredients and a little bit of time This post originally appeared in the February 14, 2024 edition of The Move, the weekly newsletter full of pro tips and advice from Eater’s dining experts, direct to your inbox. Subscribe now. I buy creme fraiche once a year, tops.

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Larry Mogelonsky

MARCH 7, 2024

Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS). You give a guest four room types and they have no problem selecting which one fits their needs and budget.

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Hotel Business

APRIL 12, 2023

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. companies and 68% of those in Europe—expect a full recovery in travel spend by the end of 2024. Key takeaways: Corporate travel spend in the U.S.

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Revenue Hub

APRIL 14, 2023

-based and European executives with travel budget oversight, fielded between Feb. Full recovery following the pandemic appears likely by late 2024 or early 2025. companies and 68% of those in Europe – expect a full recovery in travel spend by the end of 2024. Key takeaways Corporate travel spend in the U.S. One-third of U.S.

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Revenue Hub

APRIL 24, 2024

Nearly all (91%) travel companies surveyed say they expect ‘moderate to aggressive’ increases in investment in their organizations in 2024. In order to maximize revenue across the business, hoteliers should focus their budget on elevating the guest experience using advanced reservations, distribution, marketing, and data services.

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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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Larry Mogelonsky

FEBRUARY 19, 2024

This is very tough because we all run into the challenges of budget, resources and audience segmentation. Having the three other brands creates consumer confusion regarding different options and price points. Next up, the Super Bowl in February 2024 is perhaps the final step in cementing Vegas as a sports entertainment city.

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eZee Absolute

FEBRUARY 15, 2024

Metasearch engines, such as Google Hotel Ads, TripAdvisor, and Trivago act as central hubs where potential guests can effortlessly compare prices, read reviews, and make informed decisions – all in one place. Implementing dynamic pricing strategies that adapt to market trends and competitor rates, ensures your hotel remains competitive.

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Revenue Hub

JULY 19, 2023

NB: This is an article from RateGain It provides travelers with a platform to compare hotel prices and options, making it an essential resource for those who have narrowed down their travel plans and are ready to book. In the ever-evolving world of travel marketing, metasearch has emerged as a game-changing tool for hotel chains.

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Serviced Apartments

NOVEMBER 22, 2023

Elsewhere across the Autumn Budget, Mr Hunt revealed that National Insurance will be cut by two per cent [from 12 per cent to 10 per cent] on 6 January. per cent in 2024. Following the Autumn Budget announcement, industry figures and organisations gave their response to the economy growth measures. per cent this year, and by 0.7

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EATER

MARCH 24, 2023

If the merger is completed in 2024 as its executives expect, Kroger-Albertsons would be the second-largest grocery retail chain in the country , right behind Walmart. The coalition insists that this merger is an obvious monopoly that will lead to “store closures, thousands of lost jobs, and higher food prices.” billion merger.

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Hotel Business

MARCH 12, 2024

It was budgeting time around October, and I went by the boardroom and there’s four different companies working on budgets together. We start doing this exercise where we literally are going line by line in the P&Ls, and we dissect them, really making sure that Hotel Equities’ overall pricing is in effect.

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Hotel Business

JANUARY 29, 2024

Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report. billion in state and local tax revenue in 2024, up from nearly $52.4 in 2024—up from the 62.9% billion in 2019.

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Hotel Owner

MARCH 15, 2023

Corporation tax is set to rise from 19% to 25% for firms with profits over £250,000, as part of a number of measures announced in chancellor Jeremy Hunt’s Spring Budget. For households, the chancellor revealed that the Energy Price Guarantee will remain at £2,500 until June. in 2024 but warned the government must remain “vigilant”.

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SiteMinder

FEBRUARY 25, 2024

This drives many travellers to the big name OTAs – 23% of Millennials choose OTAs based on ease-of-use over price, user-friendliness and security. And a final word on the subject of safety and security: 67% of travellers rate safety as the number one factor in choosing a destination, while 60% are price driven.

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SiteMinder

FEBRUARY 8, 2024

According to Statista research , revenue in the Travel & Tourism market is projected to reach US$184.50bn in 2024. Meanwhile, the largest Travel & Tourism market is the Hotels market with a projected market volume of US$93.62bn in 2024. In population size, that market is made up of just over 300 million people.

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SiteMinder

FEBRUARY 14, 2024

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Learn more Emerging trends in tourism Global tourism trends 2024 is witnessing a fascinating evolution in global tourist preferences and behaviours.

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Hotel Business

NOVEMBER 14, 2023

As a result, occupancy levels have declined in each of the past seven months, relative to comparable 2022 levels, and are expected to continue to be down during the remainder of this year and through at least the first quarter of 2024. Room rate growth had played a significant role in the initial recovery for U.S. RevPAR percent change, U.S.

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Hotel Business

JUNE 7, 2023

With the rapidly growing interest in all-inclusive properties, travelers are more likely than ever to book single-price vacations for a hassle-free trip planning and friendly budgeting and booking process, the company reports. The post First Marriott-branded all-inclusive resort to open in 2024 appeared first on hotelbusiness.com.

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