Modern Restaurant Management

JUNE 9, 2022

In a restaurant world filled with heavy hitters armed with deep pockets and marketing power, it can seem difficult for smaller concepts to compete. Let’s say the price of beef goes up. You can also compare scheduled versus actual labor reports for a specific date range and weigh sales dollars against labor dollars.

Front of House 196

Front of House Scheduling Information Pricing 196

Modern Restaurant Management

JUNE 5, 2023

This information can then be used to adjust the menu, optimize inventory management, and create targeted marketing campaigns that drive sales and increase customer loyalty. Furthermore, AI can be an invaluable tool in helping restaurants inform pricing strategies and optimize revenue.

Scheduling 189

Scheduling Information Pricing Customer Service 189

Modern Restaurant Management

MAY 8, 2024

Prices for real estate, inventory, and labor are rising. QSRs need to approach automation investments with a nuanced understanding of their position in the market as well as their existing perception among consumers. What should restaurant operators take away from these results?

Customer Service 193

Customer Service Front of House Server Pricing 193

Modern Restaurant Management

DECEMBER 20, 2022

Increasing menu pricing has helped to offset costs and so far, has continued to attract customers since grocery prices are outpacing the increases in restaurant tickets for dining out." The second is pricing. Menu prices have consistently risen since 2021. In June 2022, average price increase spiked from 10.7

Pricing 197

Pricing Scheduling Marketing Communication 197

7 Shifts

JULY 16, 2021

In this guide, we'll go through everything you need to open a new coffee shop, from market research to buying coffee to hiring the best team. Research the Market. Staffing: Find, Hire, and Schedule. Market and Promote the Opening. Research the Market. Table of Contents. Coffee Shop Concepts. Obtain Funding.

Scheduling 183

Scheduling Marketing POS Systems Pricing 183

Modern Restaurant Management

FEBRUARY 27, 2023

Use creativity to market a restaurant on a limited budget. Hold Vendors Accountable to Contract Pricing As restaurant owners receive vendor invoices, they should use a system that can track purchased item costs to discover any contract violations.

Bookkeeping 189

Bookkeeping Budgeting Scheduling Accounting 189

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. – Corin Camenisch, Product Marketing Lead at SumUp 1 + 0 = 3: The New Math of Marketing!

Pricing 215

Pricing Catering Training Marketing 215

Modern Restaurant Management

OCTOBER 24, 2023

Surging prices have been top of mind for consumers for two years and counting, leaving restaurant leaders questioning how inflation might influence diners’ behavior and overall spending habits, including their usage of digital ordering and third-party delivery apps– both of which gained momentum during the pandemic.

Pricing 197

Pricing Marketing Customer Service Scheduling 197

Revenue Hub

JANUARY 25, 2024

Hi, welcome to another Expert Partner discussion Today we are joined by Rhiannon Bach who is the new Director of Sales North America for Atomize , one of our Expert Partners Rhiannon’s background is hospitality through and through, with a strong background in marketing and general management with some of the worlds best known casino and hotel brands (..)

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Pricing Scheduling Marketing 78

Modern Restaurant Management

OCTOBER 22, 2021

This article will explore seven tips on using Facebook Ads to increase your market share of customers. It’s time to grab a bigger slice of the metaphorical cake of the restaurant marketing world! That way, they will be able to send them additional marketing material at other opportunities.

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Scheduling Events Blog Marketing 197

Modern Restaurant Management

JUNE 9, 2023

Conduct Market Research Market research helps you define your business purpose. Carrying out sufficiently detailed market research with relevant data will help you define your niche and the ideal customer. They have to adhere to a set of common guidelines to ensure their business hits the ground running.

Document 163

Document Training Procurement Marketing 163

Modern Restaurant Management

SEPTEMBER 14, 2021

Across the country, prices for food are reaching all-time highs as inflation picks up and COVID-19 restrictions loosen, driving more consumers to resume dining, shopping and traveling. producer prices for processed poultry in May hit a record high. producer prices for processed poultry in May hit a record high.

Pricing 188

Pricing POS Systems Scheduling Presentation 188

EATER

OCTOBER 26, 2021

La Boqueria and its fellow markets are often crowded hot spots, but absolutely unmissable for visitors Barcelona’s markets draw crowds. Most stalls are run by families with deep knowledge about their products — products that are the foundation of the “market cuisine” sold at the many bars and small restaurants. to 8:30 p.m.

Marketing 105

Marketing Pricing Training Budgeting 105

Modern Restaurant Management

MARCH 8, 2023

From the rise of Instagram food bloggers and selfie walls to paying outrageous prices for the #SaltBae experience , consumers are now expecting restaurants to deliver an experience beyond flavor. On the other hand, the spoils are evident: Customers will pay up to a 16 percent price premium if they know they’ll get excellent service.

Scheduling 180

Scheduling Training Pricing Marketing 180

Modern Restaurant Management

FEBRUARY 1, 2023

When deciding where to recruit restaurant workers online, many job platforms promise to plaster your jobs across the Web for a fixed price. And knowing where to market may be what sets your hiring apart from your competition. To stay competitive, offer at or above market wages and be upfront with your salary expectations/tips.

Budgeting 189

Budgeting Training Scheduling Pricing 189

Modern Restaurant Management

JANUARY 15, 2024

Is inflation still driving wing prices? The price of many staple items is continuing to increase throughout the beginning of this year. Operators need to invest in a back-of-house technology system that simplifies daily tasks for them, such as inventory and scheduling.

Catering 208

Catering Pricing Back of House Events 208

Modern Restaurant Management

NOVEMBER 30, 2023

Diving into data on individual menu item sales can guide pricing strategies to further enhance revenue and cut costs by helping operators identify less popular items and modify their options accordingly. POS systems can scrutinize sales metrics to fine-tune staffing schedules.

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POS Systems Training Scheduling Customer Service 129

Modern Restaurant Management

DECEMBER 21, 2021

While some brands have already begun passing costs on to consumers without too much pushback (Chipotle, McDonald’s), brands will need to closely monitor customer response, as value-oriented customers are likely to begin to be more price sensitive as they also feel pressure from inflation. Improve Back-Office Processes.

Kitchen Operations 196

Kitchen Operations Back of House Pricing Marketing 196

Synergy Suite

DECEMBER 19, 2023

Efficient scheduling and staff management based on SPMH metrics contribute directly to a more cost-effective operation. It’s essential to schedule staff based on historical data, anticipated customer traffic, and seasonal variations to avoid overstaffing. Cross-Training: Cross-train your employees to perform multiple roles.

POS Systems 52

POS Systems Scheduling Training Pricing 52

Revenue Hub

MAY 15, 2024

To me personally, this looks a lot like the commoditization of transient sales that happened in the early 2000s when OTAs stole market share from direct channels such as brand.com and voice, placing inventory on the same list and charging more to be at the top. Think about how the hotel product of today looks and feels to buyers.

Events 94

Events Book Training Budgeting 94

Modern Restaurant Management

JANUARY 31, 2024

The website is one part of it, but it’s also about maintaining an active social media presence, offering a loyalty program, and investing in ongoing marketing campaigns. Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount.

Multi-Unit Operations 203

Multi-Unit Operations Bookkeeping POS Systems Pricing 203

InnQuest

JUNE 8, 2023

Hotels can now use machine learning to analyze data to anticipate guest needs, optimize pricing and improve operations. Here’s how it works: AI-Driven Revenue Management: AI algorithms analyze vast amounts of historical data, market trends and customer behaviour to identify patterns and make accurate revenue predictions.

Maintenance 135

Maintenance Guest Satisfaction Pricing Marketing 135

Hotel Owner

JULY 17, 2023

By constantly monitoring and analysing data found in your venue management software, you can make informed decisions about marketing strategies, resource allocation, and overall venue optimisation. This data-driven approach allows you to adapt quickly to changing market trends, customer preferences, and competition.

Budgeting 98

Budgeting Demo Information Scheduling 98

Revenue Hub

SEPTEMBER 5, 2023

Subscribe to our weekly newsletter and stay up to date Yield management, at its core, is about leveraging data to optimize pricing and capacity utilization based on fluctuating demand and availability. During peak times or days when appointments are in high demand, prices can be increased.

Pricing 102

Pricing Book Article Information 102

Modern Restaurant Management

OCTOBER 31, 2022

Ongoing inflation, higher interest rates, escalating food prices, and a tight labor market across industries add to the uncertainty. Consider scheduling early or late shifts to sanitize throughout winter. Expand or Create 'Warm' Outdoor Dining Space.

Sanitation 189

Sanitation Pricing Scheduling Marketing 189

Revenue Hub

JANUARY 11, 2024

Data-Driven Marketing Campaigns In the quest for optimal resource allocation and marketing ROI, hotels are turning to data. Google Analytics, as a free and robust option, can empower marketing teams to make informed decisions and maximise their return on investment.

Guest Satisfaction 82

Guest Satisfaction Pricing Guest Retention Catering 82

Hospitality Magazine

JANUARY 24, 2024

Spirits excise is once again scheduled for increases next month and in August and Australia’s spirits manufacturers are calling on the Government to freeze spirits tax increases and instead focus on supporting this promising industry. It’s the worst market I’ve ever operated in. per cent in under two years. It needs serious reform.

Budgeting 130

Budgeting Scheduling Pricing Magazine 130

Revenue Hub

SEPTEMBER 13, 2023

Implement dynamic pricing Dynamic pricing strategies are a tried-and-true way to maximize revenue, particularly during periods of high demand, like the Olympics, where prospective guests are willing to pay a premium.

Pricing 79

Pricing Book Events Article 79

7 Shifts

JUNE 4, 2021

Ideal menu price. Your CoGSs is an essential number to have when determining your menu prices, inventory and impacts your net profit margin. It also plays a key factor in pricing your menu. Prime cost doesn't include equipment, utilities, marketing, or any other costs unrelated to creating what you sell to guests.

Pricing 166

Pricing Scheduling Marketing Budgeting 166

Modern Restaurant Management

SEPTEMBER 22, 2021

Recently, the pandemic has caused the most significant challenges, which continues to impact labor markets and supply chains around the globe. It’s paramount to find out if cost or schedule is more or equally important to the owner. Spearhead Scheduling/Risk Management. Identify Owner Priorities. Analyze Costs.

Scheduling 185

Scheduling Budgeting Pricing Marketing 185

EATER

JULY 19, 2021

The company’s on-demand and scheduled grocery delivery is now available in 400 cities, including key markets like New York City, San Francisco, and Washington, DC. It remains to be seen how the shortage is effecting prices on its grocery delivery plans.

Scheduling 94

Scheduling Pricing Marketing 94

Revenue Hub

NOVEMBER 29, 2023

Several factors impact group travel, including timing relative to other events, room availability, traveler schedules, and local and global trends. Streamlining the Group Business Process Hotels must also simplify the process of evaluating and pricing potential group business.

Book 95

Book Events Pricing Catering 95

Revenue Hub

JANUARY 30, 2024

While indirect booking sources are popular amongst travellers and vital to hotel success in many markets, direct bookings are considered most beneficial to hotels, as they do not result in additional fees or commissions paid to agents or other third-party sources. Direct and indirect booking sources exist both online and offline.

Book 79

Book Reservations Article Scheduling 79

Hotel Owner

DECEMBER 12, 2023

The UK hotel market has recorded another year of strong trading performance, according to the latest UK Hotel Trading Performance Review 2023 by global property adviser Knight Frank in partnership with HotStats. Knight Frank also reported on current levels of supply, estimating the market to be some 2.4% GOPPAR performance is now 5.1%

Scheduling 105

Scheduling Marketing Presentation Pricing 105

Synergy Suite

NOVEMBER 30, 2023

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.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Revenue Hub

JANUARY 9, 2023

This can help hotel managers make informed decisions about pricing, staffing, and marketing strategies. Hotel revenue managers may use various tools and techniques to make accurate forecasts, such as historical data, market research, and industry benchmarks. NB: This is an article from Demand Calendar.

Pricing 79

Pricing Information Article Blog 79

Modern Restaurant Management

DECEMBER 1, 2021

As such, your first consideration should be getting your scheduling right. They’ll have insights on how best to divide and schedule the components of the full renovation to suit your timing needs. Yes, there are certainly some marketing advantages to changing the look of your restaurant to make it more Instagrammable.

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Strategic Planning Front of House Accounting Scheduling 202