Top 500 growth in 2023 was driven by a surge in limited-service restaurant sales, particularly among chicken- and beverage-focused chains. Download a sample of the Top 500 Report for the latest insights on chain restaurant performance. https://bit.ly/3P2qNbm
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The U.S. restaurant industry is changing, according to the Q1 2023 Restaurant Trends Report. The report analyzed sales data from various restaurants in select U.S. metropolitan areas on the Toast platform, which serves around 85,000 restaurant locations. The insights from this data provide an overview of the industry's current state. https://buff.ly/3TBengN
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I am a gastronomy and organizational communication professional and have a postgraduate degree in strategic marketing communications in progress.
Here is an interesting article about "12 Tactics to Build a Restaurant Sales Funnel That’s Always Full" by: Raubi Perilli https://lnkd.in/gipRWKFT #salesfunnel #salesrestaurant
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How can restaurants stay ahead of #SupplyChain disruptions? Dive into new advancements—and the benefits for the restaurant industry
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Restaurants are putting more win in their sales! According to the National Restaurant Association, sales for the industry are forecast to top $1 trillion in 2024. Learn more in the 2024 State of the Restaurant Industry report: https://bit.ly/3SBO0oV #SOI2024
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Hotel Revenue Author | 2024 Notable Leaders | Top 25 Social Media Influencers in Hospitality 2021, 2022, 2023 • Hotel Revenue Expert • Managing Partner at Hotel Guest Management
Maximize Profits in Your Restaurant: Forecasting Inventory Costs with Accuracy Learn how to forecast your inventory costs without manual counting. Discover how to utilize recipe knowledge, sales data, and price fluctuations to provide accurate cost forecasts for your menu items. By implementing this strategy, you can optimize your inventory management and maximize profits in your restaurant. #RestaurantInventory #InventoryManagement #CostForecasting #MaximizeProfits #MenuOptimization #RecipeKnowledge #SalesData #PriceFluctuations #RestaurantSuccess #InventoryCosts
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Where does restaurant pricing land in 2024? We may have reached consumers’ thresholds on menu prices and operators will need to find alternative solutions to offset higher costs to gain back some traffic. http://ow.ly/rhEc10553u0
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3rd Party delivery apps have created a host of problems for today’s restaurants. A rampant issue facing restaurants today is finding ways to restore personalized connections with guests in the face of rapid digitization, impeding their ability to provide true hospitality. Restaurants struggle with a lack of guest data – who is ordering, how often, and what they order – hindering feedback loops and remarketing efforts. With 3PD, restaurants lack control over who represents their brand or how couriers present it. They can't manage delivery batching or resolve issues directly with guests, leading to inconsistent service and compromised food quality. Our third-party delivery app attribution feature provides restaurants with crucial guest data and insights, enabling them to identify frequent customers, popular items, and order patterns across 3rd party delivery platforms. By gaining this visibility, restaurants can remarket effectively and drive customers toward first-party ordering, indirectly addressing several persistent problems:
Delivering the Digital Restaurant: 5 challenges the third-party delivery model has created for restaurants. Hint: It isn’t profitability. http://ow.ly/Hp7z105spap
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Navigating the Challenges of Restaurant Week: Inflation is presenting new challenges for chefs and restaurant owners, particularly during Restaurant Week. While this event aims to attract patrons with special pricing and portions, rising costs have led to some customer dissatisfaction over these very issues. From my perspective, many of these one-time Restaurant Week diners may not return anyway. Their absence might actually bolster profitability, as Restaurant Week often operates as a loss leader. Adaptation and strategic planning are crucial in these times, ensuring that the core loyal customer base continues to enjoy exceptional dining experiences without compromising business sustainability. #RestaurantIndustry #Inflation #BusinessStrategy #CustomerExperience https://lnkd.in/gHXnWkat
Arizona Restaurant Week receives complaints for rising prices
fox10phoenix.com
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PostWhat exactly is menu management, and why is it a game-changer for multi-location restaurant chains? From centralizing your operations to tailoring regional offerings, here’s how effective menu management can drive consistency and growth across all your locations. #RestaurantManagement #POSSystems
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A recent survey by Modern Restaurant Management reveals that 80% of respondents order specialty drinks multiple times a week. Botrista’s all-in-one beverage platform helps restaurants capitalize on this trend by providing an easy way to offer your guests an ever-evolving selection of the high quality, specialty drinks they’re looking for. #FoodandBeverage #BeverageIndustry #RestaurantIndustry #DrinkTrends
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