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7 Must-Know Hospitality Marketing Trends For Business Owners

Sling

At first glance, hospital marketing (or HM for short) may seem like a job reserved for hotels and resorts. In reality, hospitality marketing is essential for the success of all businesses that provide goods and services to the general public. What Is Hospitality Marketing? Why Is Hospitality Marketing Important?

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COVID-19 Resources for Restaurants

Modern Restaurant Management

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. The National Restaurant Association-managed site also provides a direct connection to the industry’s grassroots engagement platform.

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How To Calculate Profit Margin For Small Business Owners

Sling

As a small business owner or manager, you need to speak the language of your industry. For example, if people paid $20,000 for your product in a month (or six months or a year) and you spent $5,000 manufacturing and shipping that product in the same amount of time, your profit would be $15,000 ($20,000 – $5,000).

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MRM Research Roundup: Mid-July 2021 Edition

Modern Restaurant Management

“The market’s recovered a lot quicker than we thought… I think we’re in for a really good summer.” Average check value is up by 20 percent from pre-COVID-19 times, and younger adults are spending particularly freely. Older people coming back to the market. Consumer confidence soaring.

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El Pollo Loco’s Pledge and techtown Refresh

Modern Restaurant Management

This investment represents the first institutional capital into Green Rabbit and positions the company to continue its growth in the $20 billion e-commerce food and grocery delivery market by adding additional talent to its workforce and further developing its supply chain automation capabilities. Six of the ten largest retailers in the U.S.

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Restaurant Profit Margins: A No-Brainer Guide to Maximizing Your Profits

Notch

Hotels, for example, can yield net margins of around 10%. Full-service restaurants, in contrast, often have a harder time. And when all costs and variables are considered, high-end restaurants need to be particularly well-managed to survive. Shifts in the real estate market can raise rent. Trends can change.

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What’s Next?: MRM Restaurant Survival Guide Updates

Modern Restaurant Management

To add resources to these guides, reach out to Modern Restaurant Management (MRM) magazine Executive Editor Barbara Castiglia at bcastiglia@modernrestaurantmanagement.com with news. Individuals requesting assistance are eligible one time only. ” NCR wants to help its restaurant customers during this difficult time.