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What Restaurants Need to Know About PPP Forgiveness, Including Recent Changes 

Modern Restaurant Management

If they are paying their workforce, they most definitely are doing so with a reduced headcount. Restaurant owners need to plan for business and financial sustainability. It is important to be honest and create realistic financial projections that consider the mid- to long-term pandemic impacts on sales and cash flow.

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How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

Simply switching to a cheaper supplier is an easy win for reducing monthly expenses and the first step in ensuring your restaurant is on solid financial footing. It’s also worth it to see if any POS providers are offering deals, discounts, or temporary free service during the COVID-19 situation.

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Exploring career opportunities: Hotel management vs culinary arts

Les Roches

A career in the hospitality industry can be incredibly rewarding, both financially and personally. ” Overview Definition of hotel management and culinary arts Hotel management concerns itself primarily with running establishments where accommodation is offered, which is usually a hotel or a similar operation.

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MRM Research Roundup: End-of-July 2021 Edition

Modern Restaurant Management

shared insight into customer payment transaction data indicating that the recovery of the full-service restaurant industry continued in the second quarter of 2021. Sustainability is worth a financial commitment for some — 63 percent of millennials are willing to pay more for sustainable products. Transaction Volume Increase.

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From motels to luxury: what types of hotels are there?

Les Roches

Whether you’re thinking about a career in hotel management or hospitality consultancy , or just interested to learn more, understanding the different types and classifications of hotels can help you understand what kind of environment, level of service, and facilities to expect. Levels of services. Guest demographic.

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What is Hotel Revenue Management?

Xotels

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

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No More Exceptions: What to Do When the California Privacy Exemptions for Employee, Applicant and B2B Data Expire on January 1, 2023

Workforce Bulletin

This broad definition extends not only a business’s individual customers, but also its employees, job-applicants and even its business-to-business (B2B) contacts. The compliance and operational challenges created by CCPA/CPRA’s expansive definition of “consumer” are manifest.