Modern Restaurant Management

MAY 21, 2024

The data paints a juicy picture: 80 percent of respondents in our Q1 2024 survey of 600+ people reported ordering specialty drinks multiple times a week despite reporting a decline in their overall restaurant visits. During a time of increased price sensitivity, beverages create an opportunity to increase the total check.

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Hospitality Net

NOVEMBER 28, 2023

The new Explorer by Elewana collection of upscale safari lodges will cater to a wider audience through a more moderate price point as well as an increased range of activities on property. For almost two decades Elewana has been delivering unforgettable experiences through its collection of 16 luxury properties across East Africa.

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Atomize , one of our Expert Partners As these trends continue to manifest, their impact will undeniably influence strategies and operations well into 2024. Given the varied guest profile and seasonality of the region, the management recognized the need for a flexible and responsive pricing strategy.

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Modern Restaurant Management

JANUARY 15, 2024

Dive into Super Bowl-specific catering menus and other deals to reach those not leaving the house. Is inflation still driving wing prices? The price of many staple items is continuing to increase throughout the beginning of this year. What else should operators keep in mind to maximize profit for the popular item?

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Serviced Apartments

MARCH 6, 2024

UK: In the Spring Budget 2024, Chancellor Jeremy Hunt revealed the government will freeze alcohol duty and cut National Insurance, as well as raise the VAT threshold for small businesses to £90,000. The post Spring Budget 2024: How it will affect hospitality businesses appeared first on Serviced Apartment News. per cent next year [0.5

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Modern Restaurant Management

MARCH 4, 2024

First, a reminder to use an app’s agility to understand and cater to your customers. In the upcoming Q1 2024 customer behavior report, RMS found that 72 percent of diners believe restaurant prices are higher, and they may be curbing their spending as a result. In January 2024, QSR traffic was down 4.5

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Revenue Hub

JANUARY 12, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date In order to boost revenue and create lasting memories for your patrons, it’s we’ve compiled 12 supercharged Super Bowl restaurant marketing ideas that will not only draw in the crowds for February 11th, 2024 but keep them coming back!

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Revenue Hub

NOVEMBER 29, 2023

As aspirational as it is, travel remains a primary goal for consumers in 2024. According to a recent study from Hilton, consumers plan to spend more on travel in 2024 despite increased costs. Also, hotels should consider technology that helps merge sales and catering platforms or at least provides the ability to interchange data.

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Modern Restaurant Management

JANUARY 31, 2024

Will 2024 be a comeback year for restaurants? Despite challenges including inventory costs, commission fees and staff turnover, many restaurant owners are expressing optimism about moving forward, according to TouchBistro’s 2024 State of Restaurants Report. full service restaurants surveyed plan to introduce catering services.

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Hotelogix

JANUARY 18, 2024

It should help you offer various multi-currency secure payment methods to cater to all guests, whether they prefer credit cards, PayPal, or other digital wallets. Ensure your booking engine displays real-time availability and pricing via the Hotel PMS to avoid overbookings and guest dissatisfaction. BOOK YOUR SPOT NOW. 

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Revenue Hub

JANUARY 9, 2024

As we enter 2024, the hotel industry stands at the crossroads of unprecedented challenges and exciting opportunities. As we forge ahead, our mantra for 2024 is clear: Innovate, Motivate, and Optimize. Room sales are on par with pre-pandemic levels, and hotels have started to experience a slight price resistance.

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Hotel Owner

APRIL 5, 2024

A historic Grade II listed property, the White Hart Hotel in Dorchester-on-Thames, Oxfordshire, has been acquired by new Sanjay Dhrona off a guide price of £1.85m. We look forward to welcoming guests and continuing the legacy of this beloved establishment while introducing innovative offerings to cater to the evolving needs of our guests.”

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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. Our data also confirms the role that price plays when leaving a review. 2 Traveling Cheaper or Greener? The value of money is not just a criterion for choosing accommodation.

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Hotel Owner

AUGUST 14, 2023

Frank Cogan, director of Bozz Co Inns Ltd, said: “Myself and Martin are happy to be leaving the future of the Belmill in the hands of Amber Taverns, who are in a great position to cater for the up and coming demands of the customers in the town.

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Hotel Owner

APRIL 10, 2024

The four-star Douglas Hotel, situated on the Scottish Isle of Arran, has been listed for sale at a price of £2.9m. Additionally, The Shorehouse, featuring 13 self-catering apartments, is available for separate purchase. The UK recorded €2.62bn (£2.24bn) in hotel transactions in 2023, slightly surpassing Spain.

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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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Modern Restaurant Management

JANUARY 2, 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. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.

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Modern Restaurant Management

FEBRUARY 7, 2024

According to a National Restaurant Association Show presentation, Gen Z consumers care more about authenticity, convenience and aesthetics than price value. While it gathered mixed opinions through trial and error, it’s the industry's future and will play a significant role in 2024 and beyond.

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Modern Restaurant Management

APRIL 1, 2024

Despite a general decline in dining frequency, families have shown resilience and an increased appetite for dining out, according to Revenue Management Solutions' Q1 Consumer Survey, “ Dining Dynamics in 2024: The Shifting Landscape of Consumer Tastes.” Strategies for Attracting Family Business Given a -2.1 Amp up your app.

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Modern Restaurant Management

MARCH 8, 2024

In this edition of MRM Research Roundup, we feature news about an influx of catering orders, the topic of tipping, the rise of kiosks and affordable Michelin restaurants. Among the highlights: On or Off Prem Same-store catering transactions increased +71 percent in Q4 2023 compared to Q4 2022.

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Revenue Hub

MAY 9, 2023

NB: This is an article from LodgIQ , one of our Expert Partners The global business travel segment is expected to recover fully by 2024. This can lead to missed opportunities and suboptimal pricing decisions, particularly in the face of increasing competition and market complexity. million group room nights booked for H1 2023.

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The Restaurant Times

OCTOBER 12, 2020

until 2024. Unstable Market Prices. Several factors affect the prices in the food industry. Businesses dealing in food delivery often cannot track or keep up with market prices and struggle to find the right pricing strategy. Food delivery services are currently leading the online marketplace.

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Modern Restaurant Management

AUGUST 16, 2023

QSRs can revolutionize the drive-thru experience and cater to the evolving needs of customers by combining digital solutions with traditional drive-thru infrastructure. Despite potential price increases, food service businesses can still generate creative strategies to bolster foot traffic and drive sales.

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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. Catering to this market can significantly boost a hotel’s profitability.

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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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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 Owner

FEBRUARY 5, 2024

With 2023 already consigned to history as the year of tourism recovery, the hospitality industry – starting in 2024 – now finds itself facing a scenario where actors who began making waves a few years ago are now consolidating their positions.

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SiteMinder

NOVEMBER 30, 2023

Hoteliers can use statistics to understand their guests better, forecast demand, create offers based on current trends, and optimise their pricing and revenue strategies. This blog will take you through some of the major travel statistics and data that you should be focusing on for 2024 and beyond. Outbound travel volume will reach 86.9

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eZee Absolute

JANUARY 24, 2024

In fact, the Digital Payments market is expected to witness substantial growth, with the total transaction value projected to reach US$10.64tn in 2024.” Consider this feature as a way to cater to the diverse preferences of your global guests. It reflects a commitment to staying current with technological advancements. “In

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Hospitality Magazine

FEBRUARY 28, 2024

The following series is filled with valuable insights from the country’s leading operators on everything from milestone moments to the impact of the cost-of-living crisis, what they’re tipping will be big in 2024, and the current staffing landscape. Watch this space, there are a lot of exciting things to come in 2024 for Australian Venue Co.

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Xotels

JUNE 16, 2021

The whole concept including services, decor, and products on offer are catered to fit the high-end romantic travel audience (ultra-segmentation). romantic packages targeting couples or family packages catering to multi-generational travel ). What makes them stand out? This doesn’t necessarily mean opening a spa in your hotel.

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Modern Restaurant Management

DECEMBER 20, 2023

As restaurant owners had to turn to costly alternatives to surviving operation obstacles such as rising food costs and staffing shortages, increased menu prices, added service fees and sales taxes made dining out more expensive and less appealing to the average consumer. And by the time Q4 is reported in January 2024, it will likely be down.

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Boutique Hotel News

MARCH 6, 2023

The first, Another Place, The Lake – is on the shores of Ullswater in the Lake District and the second will follow in 2024. Even if the price of the all-cash purchase reflects negative leverage, Sawdon has first-hand knowledge of the brand which will pay dividends when growing the portfolio.

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Hotel Owner

DECEMBER 13, 2023

Before 2024 begins, now is the perfect time for businesses to plan and adapt their operations to the ever-changing nature of what consumers want. To cater to this new ‘digital nomad’ audience, creating a dedicated working space is essential and will allow guests to be able to work during their stay.

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Modern Restaurant Management

DECEMBER 19, 2023

.” Throughout 2023, we’ve seen our guests approach value holistically, and we believe this will only continue into 2024. While the cost of a single menu item or a full ticket is still a priority for guests, the concept of value is no longer just about price.

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Modern Restaurant Management

FEBRUARY 10, 2020

restaurants are stepping into plant-based or stepping up their existing game to cater to customers looking for more center-of-plate protein variety. billion by 2024. “More top U.S. Meanwhile, sales of meat-free foods have grown an impressive 40 percent from £582 million in 2014 to an estimated £816 million in 2019.

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Modern Restaurant Management

MARCH 3, 2023

Key findings illustrating the industry's economic conditions include: Growth will continue : The foodservice industry is forecast to reach $997 billion in sales in 2023, driven in part by higher menu prices. Consumer spending at foodservice outlets was up 4 percent due to higher prices, reports The NPD Group*.

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