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Dining Trends for 2024

Modern Restaurant Management

Upgraded Offerings in Catering and Hospitality – Customers are looking for upscale options and customization for special events. Yet today’s restaurant patrons have become more demanding and impatient with restaurant workforce and supply chain challenges that continue to plague restaurant professionals.

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How Effective Hotel Inventory Management Strategies Ensure Smooth Operations

Hotelogix

  Optimize Staff Productivity: Your staff members don't have to spend excessive time searching for supplies or waiting for deliveries when inventory is well-managed. Disrupt Mitigation: Unexpected disruptions like equipment breakdowns or supply chain disruptions can occur.

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Implement Compelling Marketing Ideas to Drive Traffic and Boost Sales

Modern Restaurant Management

Supply chain issues, high food costs, and labor shortages are cutting profits at restaurants nationwide, the National Restaurant Association reported. Host Fun Events. Customers are eager to attend fun events, especially post-pandemic. However, restaurant operators are now encountering a new set of challenges.

Marketing 189
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2022 Restaurant Insurance Update

Modern Restaurant Management

Even with robust growth, the restaurant industry faces steep challenges right now, with labor shortages, higher inflation, challenges with home food and drink deliveries, and ongoing food and supply chain shortages.

Budgeting 208
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Gross Profit Margin: A Guide for Restaurants

Synergy Suite

Conversely, decreasing trends might signify escalating ingredient costs or inefficiencies in the supply chain. Increasing gross profit margins might indicate cost control improvements, menu optimization, inventory and supplier management, or effective pricing strategies.

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Resurrect Your Dead Times and Fill Seats with Marketing Innovations

Modern Restaurant Management

It also makes it difficult to cover fixed costs, which has become even worse due to struggles with inflation, supply chain disruptions and staffing shortages following the pandemic. It leads to various challenges, like using resources inefficiently or the fear of being perceived as unpopular.

Marketing 180
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Identifying Ancillary Revenues and Driving Additional Revenues

Revenue Hub

A Global Business Travel Association (GBTA) report estimated a full recovery of global business travel by 2026 – a result of many factors such as the Russian-Ukraine conflict causing inflation, high energy prices, labor shortages, supply chain, and frequent lockdowns in the world’s largest nation, China.