Modern Restaurant Management

JUNE 7, 2023

In the food services industry, safety is paramount to protect customers, brand reputation, and, ultimately, profits. Food that is not stored or handled properly can result in serious, even deadly, illnesses. In fact, the World Health Organization reports that on average, 1,600,000 people get sick each day due to unsafe food.

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Back of House Budgeting Scheduling Accounting 167

Hospitality Magazine

FEBRUARY 21, 2024

Create unique and high-caliber content Food content is big business on social media and it’s time to take a multifaceted approach to posting. The format works well for food and bev accounts: for example, you could shoot a chef demoing a dish using a wide lense that captures the movements of the culinary team in the background.

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Marketing Accounting POS Systems Demo 246

InnQuest

SEPTEMBER 12, 2023

It encompasses tasks such as front office operations, housekeeping, food and beverage services, maintenance, sales, marketing and financial management. Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars.

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Maintenance Guest Satisfaction POS Systems Housekeeping 220

Modern Restaurant Management

SEPTEMBER 11, 2023

Personalized Marketing AI enables restaurants to create personalized marketing campaigns based on customer data. Within a single chat interface, consumers can go through the entire menu, choose food and beverage products, add them to their cart, and make payments. For example, Gupshup partnered with India-based food joint Wow!

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Kitchen Operations Scheduling Reservations Communication 215

Modern Restaurant Management

JUNE 21, 2022

As cash intensive businesses (CIB), food and beverage businesses have historically been sites of fraud. Looking at online food delivery overall, the sector is projected to reach revenues of $343.80 Food and beverage companies can benefit from some of the same tools that were formerly the preserve of the banking sector.

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Accounting Presentation Book Marketing 211

InnQuest

SEPTEMBER 5, 2023

Effective hotel inventory management relies on technology solutions like Property Management System s (PMS), Channel Managers, and Revenue Management Systems (RMS) to automate tasks, analyze data and make informed decisions. Food and Beverage: Restaurants, bars and room service are vital revenue streams.

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Guest Satisfaction Maintenance Pricing Book 218

Modern Restaurant Management

FEBRUARY 11, 2021

A fraud scheme where cybercriminals leverage the Telegram messaging platform to steal from restaurants and food delivery services was just identified by research and analysis from Sift’s Digital Trust and Safety Architects. Consumers have likewise responded, as the number of smartphone food delivery app users has increased from 36.4

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Accounting Information Marketing Pricing 189

Modern Restaurant Management

SEPTEMBER 1, 2022

Globally, one third of the food produced for human consumption is wasted. So, how can we both solve the food waste issue and ensure better food availability? Waste can occur anywhere along the food supply chain, which includes production, processing, distribution, and consumption. Improving Distribution.

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Catering 167

7 Shifts

SEPTEMBER 19, 2023

Preliminary data from the Bureau of Labor Statistics (BLS) reveals that the Food Services and Drinking Places sector experienced a net gain of 14,900 jobs in August. In the restaurants and accommodations** job sector, the quit rate for July, the most recent data available from the Bureau of Labor Statistics, stands at 3.9%.

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Download Catering 88

Hospitality Magazine

MARCH 22, 2023

Former R&CA CEO Wes Lambert (OpenTable) took to the stage alongside Benjamin Udy (KPMG); Sissel Rosengren (Food Industry Insight; AFAB); Phil Hwang (SGK) and Shaun Mangan (Bega Foodservice). cents of every dollar dedicated of their food and beverage budgets at foodservice outlets compared to 37.2 cents pre-pandemic.

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Budgeting Pricing Magazine Marketing 147

7 Shifts

OCTOBER 26, 2023

According to preliminary data from the Bureau of Labor Statistics (BLS), eating and drinking places added 60,700 jobs in September. Some provide only food and drink; others provide various seating space combinations, waiter/waitress services, and incidental amenities, such as limited entertainment.

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Download Catering 88

Hotel Owner

NOVEMBER 29, 2023

London hotels relied on other revenues, such as their food and beverage services, to boost overall revenue in October, as room rates reached their peak as sector heads into the quieter winter months, according to the RSM Hotels Tracker. in the London market. to £192.00

Marketing 97

Marketing 97

7 Shifts

MAY 1, 2024

For instance, you can record your food and beverage sales separately. It would be ideal to have two of your staff members take the inventory separately so they can compare the data they have afterward. Your aim is to keep your labor + food + beverage expenses at approximately 60% to 65% of the total sales.

Bookkeeping 78

Bookkeeping Accounting POS Systems Scheduling 78

Hotelogix

OCTOBER 18, 2023

  This includes everything from rooms, amenities, and equipment to consumable goods like toiletries, linens, food and beverages, and other operational necessities. This data can inform strategic decisions and process improvements. In a hotel context, this might apply to food items, ensuring freshness and minimizing waste.

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Procurement Special Events Guest Satisfaction Pricing 100

Modern Restaurant Management

JULY 17, 2023

When restaurants, food businesses, and other organizations become ISO certified, they’re showing that they: Prioritize safety, quality, and compliance, following strict guidelines to ensure safe, high-quality foods. Centralize data. Food safety training must be a priority for all employees on an ongoing basis.

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Document Training Information 166

Modern Restaurant Management

JUNE 21, 2023

To ensure a healthy profit margin, a restaurant must manage five buckets, from the “Prime Cost” (food, beverage and labor costs) to “Overhead” (everything that is not food, beverage and labor) and Common Area Maintenance (building, taxes and insurance).

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Maintenance POS Systems Pricing Presentation 180

Modern Restaurant Management

MARCH 22, 2023

As if hiring struggles weren’t enough of a problem, retaining employees remains a challenge, with the quit rate in food service at approximately 5.4 – 6.2 The benefits extend to food safety as well. percent in late 2022. According to research , the cost to replace a single employee could be as high as $6,000.

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Back of House Front of House Maintenance 179

Modern Restaurant Management

MAY 1, 2023

Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. For example, POS systems have proven to be particularly vulnerable.

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POS Systems Information Budgeting Customer Service 203

Modern Restaurant Management

AUGUST 10, 2021

The food and beverage industry is on a hiring frenzy. A recent study by The Bureau of Labor Statistics revealed that, despite regular hiring since this spring, the food and beverage industry still remains 1.5 They also eliminate human error, facilitating more accurate orders and less food wastage.

Customer Service 237

Customer Service Pricing Information Marketing 237

Modern Restaurant Management

AUGUST 16, 2023

The food industry has been historically slow to integrate technology and digital solutions. Customers expect efficient and convenient payments, and restaurants must adapt to meet those demands Tap-to-pay, tableside QR codes, tablets — you name it — help the food service industry embrace flexible and intelligent payment systems.

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POS Systems Customer Service Back of House Catering 167

Modern Restaurant Management

DECEMBER 21, 2022

Restaurants will increasingly become more reliant on using their transaction data to inform and automate their businesses. In addition, we see the point of sales platform as taking on more of the master data management role of the business, and configuring all the content needed for any digital experience from a single platform.

Pricing 167

Pricing Portion Control Budgeting Marketing 167

EHL Insights

DECEMBER 26, 2023

The hospitality industry is a vast sector with many different categories that include recreation, lodging, entertainment, food and beverage which are constantly evolving.

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Information 63

Modern Restaurant Management

FEBRUARY 14, 2023

Fewer employees have carried the burden of prepping, cooking, and serving food while working to keep guests safe. The CDC estimates that, each year, 48 million ( one in six ) Americans get sick from contaminated food or beverages, a problem that costs more than $15.6 billion annually in the US alone.

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Training Document Service Management Information 189

Modern Restaurant Management

FEBRUARY 1, 2022

More than half of restaurant operators said it would be a year or more before businesses conditions return to normal with food, labor, and occupancy costs are expected to remain elevated, and continue to impact restaurant profit margins in 2022, according to the National Restaurant Association's 2022 State of the Restaurant Industry report.

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Download Reservations Marketing 207

Revenue Hub

MARCH 11, 2024

If so, you’ll be familiar with this equation: CLV = Average Stay Value × Purchase Frequency × Customer Lifespan While there is a basic equation for calculating CLV, there are various factors that make this equation unique to each hotel, such as business model, demographics, region, and data availability. Want to dive even deeper?

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Reservations Book Article Information 84

Modern Restaurant Management

JANUARY 2, 2024

Looking ahead, we predict a day when cultivated meat will find its place as a default choice -on menus, because it delivers on taste, nutrition, and food safety, in addition to environmental sustainability and animal welfare. Beyond the realm of food, a similar shift has occurred with electric cars.

Marketing 197

Marketing Pricing Catering Information 197

Hospitality Net

AUGUST 28, 2023

The food and beverage (F&B) industry is also gradually catching up with this trend. With the addition of Machine Learning (ML) and Big Data, this could become a game-changer for the F&B industry, with endless potential.

Marketing 85

Marketing 85

Modern Restaurant Management

JULY 23, 2021

MMS is particularly useful for driving traffic because consumers are more responsive to images of food. Data Analysis to Target Audiences. Data analysis is the key to better understanding these actions. Data analysis and segmentation is also beneficial for campaigns that introduce new menu items.

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Boutique Hotel News

MARCH 2, 2023

Event planners which use Cvent will have access to room rates and availability for hotel rooms, meeting space, food and beverage, as well as equipment, across all hotels using hivr.ai. synchronises the data coming from Cvent with the hotel’s PMS and sales and catering systems. It will allow hivr.ai In addition, hivr.ai

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Events Catering Book 130

Modern Restaurant Management

MARCH 26, 2020

Business intelligence and data analytics solutions are transforming the restaurant industry. Yet very few restaurants are applying business intelligence and data analytics to the “technology stack” deployed at each location. With Data Comes Decision-Making Power. Downtime is no recipe for success.

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Maintenance POS Systems Information Customer Service 218

Modern Restaurant Management

NOVEMBER 11, 2020

Comfort food, outdoor dining, Riesling and streamlined menus were top trends for 2020, according to Kimpton Hotels & Restaurants ' seventh annual Culinary & Cocktail Trend Forecast for 2021. Health food, eating local and personalized experiences. Comfort Me Please: Rise in Nostalgic Comfort Food. Is Carob a Carb?

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Events Marketing 189

Modern Restaurant Management

SEPTEMBER 14, 2022

AI-based robots cook your food and deliver meals on time without missing a beat. On the other hand, machine learning (ML) is a subset of AI and provides a new set of actions and inputs by analyzing data collected from users. Many restaurants were ill-prepared to compete with food delivery services like GrubHub and DoorDash.

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Back of House POS Systems Training Front of House 211

Modern Restaurant Management

JANUARY 19, 2022

The so-called Great Resignation has also taken a heavy tol l on the food service industry. Bureau of Labor statistics indicate that quit rates in the restaurant business have outpaced the national average by more than 2x since June 2021, with job listing data suggestive that those open roles aren't being filled.

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Modern Restaurant Management

SEPTEMBER 9, 2020

With comfort food topping many menus this pandemic year, it comes as no surprise that the early arrival of pumpkin spice items has been warmly received. Freshly-brewed batch of data from foot traffic analytics firm Placer.ai Freshly-brewed batch of data from foot traffic analytics firm Placer.ai

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Reservations Brand Management Marketing 158

Modern Restaurant Management

MAY 9, 2022

Based on our most recent QSR sales and traffic data , we can tell from decreases in traffic and basket size that we’re at an inflationary tipping point. Our data shows QSRs have struggled to regain traffic since the second half of 2021. Watch percentages of alcoholic beverages, appetizers and desserts sold by transaction.

Pricing 189

Pricing Customer Service Marketing Training 189

Modern Restaurant Management

JANUARY 3, 2024

" – Andrew Glantz, GiftAMeal Founder/CEO Guest data is the key to driving hospitality at scale. In 2024, brands will continue to overcome the challenge of accessing and aggregating this valuable owned data to cultivate this level of hospitality and long-term brand loyalty.

Pricing 132

Pricing Marketing Catering Front of House 132

Modern Restaurant Management

SEPTEMBER 23, 2020

In this edition of MRM News Bites, we feature real-time data on consumer behavior and the move to #cutoutcutlery. ” Tastewise Data. Tastewise, an AI-powered food intelligence solution, launched in the UK. SpotOn Secures $60M Funding. SpotOn Transact, Inc. secured $60 million in Series C funding. social interactions, and 1.2M

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