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Today’s news in brief – 16/10/23

Hotel Owner

The group adopts a pay-on-performance model, prioritising results-based pricing over fixed costs to ensure measurable ROI. Budget operator EasyHotel reported a significant revenue increase in the first half of the year, with a 45% rise in Revenue Per Available Room (RevPAR) across its properties.

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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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Hospitality Industry News and Reports

SiteMinder

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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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). billion people were using social media worldwide, a number projected to increase to almost six billion in 2027.

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

Boutique Hotel News

A good example of this was the ill-fated ‘mini budget’ announced by then-UK chancellor Kwasi Kwarteng, which saw not only billions wiped off UK share prices, but a sharp drop in the value of the pound compared with the dollar and the euro. When the UK recorded a 41-year high rate of 11.1

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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. Mezcal Sales to See Strong Growth through 2027. However, Mezcal Anejo will exhibit a higher CAGR through 2027. .” “There is little reason to expect a major upturn in business investment.

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