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Today’s news in brief – 16/10/23

Hotel Owner

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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7 Pop-Up Restaurant Marketing Ideas: How to Successfully Market a Pop-Up in 2023

The Restaurant Times

However, studies have found that among the reasons for patronizing pop-ups, one of the reasons is to find new and unique products (39%), to shop locally (36 percent) and to benefit from great prices (34 percent). The market has changed regarding what people spend their money on in recent years. How To Successfully Do Pop-up Marketing.

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Extend the Deep Fryer Sweet Spot

Modern Restaurant Management

The Rising Cost of Fryer Oil The average price per unit (PPU) in the edible oils segment of the food market in the United States was forecast to continuously increase between 2023 and 2027 by a total of 10.27 This is after edible oil prices already underwent a steep increase in 2021 and 2022.

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How to Open a Bar: Comprehensive Guide on Starting a Bar

7 Shifts

Even better, it is expected to grow at an annual growth rate of 5.09% in 2027. Your business name will also appear on your marketing materials, staff uniforms, menu, social media accounts, and advertisements, so make sure it isn't too long or complicated.

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Hospitality Industry News and Reports

SiteMinder

Hospitality is forever changing, in response to new technologies, market trends, customer tastes and more. 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. Between 2022 and 2027 the luxury hotel market is set to grow by US$54.46

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

The tax is introduced alongside a green incentive to motivate project teams to implement sustainability efforts exceeding market standards and secure above average sustainability certifications. In the living sector, rising interest rates equate to higher mortgage costs, which mean bigger potential markets for BTR and coliving.

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MRM Research Roundup: Mid-January 2020 Edition

Modern Restaurant Management

Government spending, a prime factor in growth, may be limited by the return of trillion-dollar budget deficits. RetailMeNot released the 2020 Restaurant Marketing Insights guide, providing a comprehensive look at consumer behaviors when dining out and the strategies restaurant marketers can execute in the new year. in others).

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