Modern Restaurant Management

JANUARY 27, 2022

The restaurant industry is still dealing with pandemic-related issues, including supply chain disruptions, new COVID variants and surging cases, labor shortages, rising prices, and a shift in consumer demand. billion by 2027.

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Revenue Hub

JULY 7, 2023

And as travel resumes in an era of high inflation, Spain will likely face stiff competition from several destinations that also offer sunshine and coastal vacations at similar, or lower, prices—Egypt, Greece, and Turkey, for example. The sector also faces physical and economic threats due to climate change.

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SiteMinder

DECEMBER 4, 2023

By 2027, more than 160 million ‘users’ will be a part of the hotel market. Brighton & Hove has the highest average price at 133 British pounds. Hotel Horizons by PwC – Examines the global hotel industry from 2023 to 2027, focusing on key trends, drivers, and challenges. There are more than 90,000 hotels in the US.

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Modern Restaurant Management

OCTOBER 18, 2022

Historically high gas prices are pushing consumers towards EV options. Experts predict that the EV market will more than double by 2027. Zero-emission vehicles (ZEV) will account for 70 percent of new passenger vehicles globally by 2040. The spike in EV sales is due to a few key factors.

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Modern Restaurant Management

NOVEMBER 12, 2020

though late to the game, is seeing an explosion in these types of kitchens and is expected to dominate the global market by 2027, according to Allied Market Research. Virtual kitchens, with their low barriers to entry and streamlined delivery focus, are a smart and inexpensive way to get your food into customers’ hands.

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The Restaurant Times

MARCH 8, 2023

On the other hand, fast-casual eateries provide a more upscale experience, which may include better service, a nicer setting, more expensive meal prices, and a wider selection of their menus. A report claims that by 2027, the fast-casual restaurant sector will be worth a staggering $209 billion. What Are Fast Casual Restaurants?

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POS Systems Pricing Server Marketing 52

Boutique Hotel News

DECEMBER 20, 2022

This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. For example, whilst energy supply to the UK has not been largely affected, increases in gas prices has caused electricity prices to rise too.

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Modern Restaurant Management

JUNE 18, 2020

Pricing, promos, and rewards, oh my! 74 percent of respondents said they will be just as price-sensitive as before. This is unlike the findings in the broader retail sector, where quality, speed, price and friendliness all dropped to the bottom of the list. billion by 2027, registering a CAGR of 12.0 Kitchen United.

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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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Travel and Tourism Book Scheduling Marketing 52

The Restaurant Times

JANUARY 11, 2023

Even technology comes with a price tag, continuous innovations and wide adoption make them more accessible and cost-effective. . In fact, the market for self-service kiosks worth $12 billion in 2020 is expected to cross $20 billion by 2027. Self-service kiosks have grown in popularity among quick-service restaurants.

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POS Systems Front of House Pricing Information 52

Boutique Hotel News

JANUARY 27, 2023

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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The Restaurant Times

NOVEMBER 17, 2022

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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Modern Restaurant Management

JANUARY 15, 2020

Mezcal Sales to See Strong Growth through 2027. The global mezcal market is projected for an impressive CAGR of over 13 percent during 2019 – 2027, as the drink is gaining stupendous popularity as a perfect alcoholic drink for human consumption. However, Mezcal Anejo will exhibit a higher CAGR through 2027.

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Marketing Download Information Events 95

7 Shifts

OCTOBER 26, 2022

And Danny Meyer created the Hospitality Included service model, increasing menu prices to offset higher wages. The District of Columbia is looking to ban it by 2027. Alice Waters implemented a service charge at Chez Panisse as early as the 1980s. Thomas Keller nixed tipping at Per Se in 2005. The tipping debate, however, rages on.

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Modern Restaurant Management

OCTOBER 15, 2019

16 being World Food Day and restaurant prices rising 3.2 The chained consumer foodservice service market is expected to grow by around 4 percent over the forecast years, producing over US$ 280 Bn of incremental value from 2019 to 2027. Potential Product Shortages and Price Uncertainty May Continue to Halt Market Growth.

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