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Why Restaurants Should Prioritize Technology In 2023 Budgets

Modern Restaurant Management

For many, that solution lies in technology such as self-service kiosks, QR codes, and online ordering. Come 2023, it will be increasingly important for restaurants to factor technology into their budgets to adapt to the changing economic landscape and better meet consumer demand.

Budgeting 184
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9 Ways to Build a Guest-Centric Hotel

Revenue Hub

NB: This is an article from Mews It’s all about creating a personalized experience for guests to exceed their expectations and build customer loyalty. Personalization extends across all touchpoints: customer service, the technology you use, guest feedback and employee training, as well as community.

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Maximising Revenue Won’t Come From Technology Alone

Revenue Hub

Accommodation providers – from hotels to serviced apartments – need more than just a tech plug-in to succeed in today’s digital-first landscape. We’re working in a much more complex world, and to be effective, technology must underpin hospitality’s ambition of service.

Article 84
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Definition of revenue growth strategies

Les Roches

The focus is on ide­ntifying and capitalizing on new growth opportunities within the curre­nt customer base as well as attracting ne­w customers. Key areas of improve­ment include sales, marke­ting, customer service and product offe­rings, with the ultimate goal of maximizing revenues in all possible areas.

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2024 Outlook: Restaurant Trends and Challenges, Part Two

Modern Restaurant Management

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. Restaurants will reinvest margin in value products, pricing and messaging 2024 will start to see first-party ordering AND first-party delivery take flight.

Pricing 129
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From Tech to Taste: Karl Goodhew’s Inspiring Journey of Innovation

The Restaurant Times

He is always looking for new ways to leverage technology to create value for customers, employees, and shareholders. He believes that technology can enable BurgerFi to offer high-quality, sustainable, and delicious burgers at an affordable price while also reducing waste, improving efficiency, and enhancing customer loyalty.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. For restaurant owners and managers, understanding and effectively managing prime costs are paramount.