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Diners Have Negative Reaction to Surge and Dynamic Pricing

Modern Restaurant Management

Eighty-one percent of diners said they would either stop going to a restaurant altogether or alter their dining hours to avoid prices surging during peak hours and 64 percent said they have a negative reaction to restaurants using surge and dynamic pricing, according to a HungerRush’s National Restaurant Price Surging Survey.

Pricing 198
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Agave prices fall as demand stabilises

Hospitality Magazine

As agave prices in Mexico continue to fall and demand for premium-and-above tequila moderates in the United States, alcohol market analysts IWSR says brand owners have an opportunity to improve product quality at lower price points.

Pricing 130
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Is There a Right Way to Raise Prices?

Modern Restaurant Management

Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.

Pricing 197
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Succeeding in Extended Stay: Operational and Pricing Insights From a Specialist in the Sector

Lodging Magazine

The third installment will focus on development and guest service trends in the leisure market. J&P Asset Management manages 109 hotels, about 85 percent of which are […] The post Succeeding in Extended Stay: Operational and Pricing Insights From a Specialist in the Sector appeared first on LODGING Magazine.

Pricing 125
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Everything you need to know about marketing your hospitality business

Hospitality Magazine

You want your venue to go the distance — here are some tips to kickstart your marketing strategy this year. But profiting from delivery should be front of mind, which means condensing your menu and pricing it accordingly. Get your venue listed There are many platforms guests rely on when choosing where to have their next meal.

Marketing 246
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How Does the Seasonal Transition Affect Produce Price and Availability?

Modern Restaurant Management

Please send questions to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com. Production lines then turned these greens into fresh cut salads, which captured the market share with a near 80 percent take. How Produce Markets are Impacted by the Transition.

Pricing 190
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Prowess in Purchasing: Top Agents Share Their Approaches to Today’s Market Challenges

Lodging Magazine

Challenged by both price increases and supply chain disruptions, buyers do well to exercise all the best practices at their disposal, including flexibility in product selection when possible, closely monitoring price fluctuations, exploiting volume buys, and maintaining regular communications with suppliers.

Marketing 103