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2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

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. This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits.

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2024 Outlook: Restaurant Trends and Challenges, Part Two

Modern Restaurant Management

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.

Pricing 132
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Despite Improved 2024 Outlook, Labor, and Other Risks May Drag Restaurants Down

Modern Restaurant Management

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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To Charge or Not To Charge?

Modern Restaurant Management

We will also do some overbooking so that the restaurant and the servers don’t lose out on any income. Food prices skyrocketed, beer and alcohol prices went up and containing costs has been like trying to catch a tiger by the tail. Ten years ago most of my clients were making a new profit of 12 percent or better.

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Consumers Welcome Some Restaurant Automation, Reject Others

Modern Restaurant Management

Operators must weigh guest acceptance while making strategic decisions about integrating automation at many restaurant touch points, according to Software Advice’s 2024 Automated Customer Experience Survey. Prices for real estate, inventory, and labor are rising. Why do you feel respondents rejected robotic food prep and servers?

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Navigating Colorado's Tip Laws: A Guide for Employers

7 Shifts

The Colorado minimum wage can potentially change every January , based on cost of living increases (as measured by Colorado’s Consumer Price Index). per hour, but this number will change again on January 1, 2024. For 2023, the state minimum wage is $13.65 The tipped minimum wage in Colorado is $10.63 What counts as a tip?

Server 88
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Navigating Colorado's Tip Laws: A Guide for Employers

7 Shifts

The Colorado minimum wage can potentially change every January , based on cost of living increases (as measured by Colorado’s Consumer Price Index). per hour, but this number will change again on January 1, 2024. For 2023, the state minimum wage is $13.65 The tipped minimum wage in Colorado is $10.63 What counts as a tip?

Server 78