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Drowning in Data? Integrated Analytics Can Be Your Lifeboat

Hot Schedules

Drowning in Data? Integrated Analytics Can Be Your Lifeboat. How do you gain actionable insights from the data you have? Integrated analytics can help. T he software and systems that serve today’s hospitality industry are constantly gathering data. They want to run their business with data-driven precision.

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How to Achieve Accurate Forecasting

Hot Schedules

The right tools (and data) can help your manager make better predictions. The key to achieving an accurate forecast is using the data you already have at your fingertips. Combine internal data (like historical sales analysis and recent trends) with external information (such as weather, national events, and holidays).

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MRM Research Roundup: Mid-December 2020 Edition

Modern Restaurant Management

But perhaps the most concerning insight from the latest data is that restaurant sales worsened throughout the month. This edition of MRM Research Roundup features news that consumers plan to put restaurants at the top of their shopping lists, the latest stats for on premise and why the restaurant of the future is here now.

2020 167
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MRM Research Roundup: Mid-July 2021 Edition

Modern Restaurant Management

Visits, online or physical, at morning meal, which includes the breakfast and A.M. Snack periods, were down -5 percent in May 2021 compared to May 2020, and for a pre-pandemic view, down -11 percent compared to same month two years ago. Visits at the dinner daypart were down -5 percent in May 2021 from a year ago and -12 percent from two years ago.

2021 186
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MRM Research Roundup: 2022 Restaurant Trends

Modern Restaurant Management

The survey found that consumers have grown to appreciate, and even expect, proactive recommendations their favorite restaurants, but want to control access to their own data: 55 percent love the idea of receiving notifications about personalized offers from restaurants based on their current location. In Love with Tech, but Impatient.

2022 212
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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

This report comes from Black Box Intelligence™ data from TDn2K™, based on weekly sales from over 31,000 and $72 billion in annual sales. “So far, fourth quarter data has been disappointing and while online Black Friday sales were strong, brick and mortar activity fell sharply. .

2019 127
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MRM Research Roundup: Holiday Edition

Modern Restaurant Management

“They’ve had to basically adapt and change their entire business model,” says Yang Yang, an associate professor in the School of Sport, Tourism and Hospitality Management (STHM) at Temple University. This index helps ensure that the hospitality industry remains flexible and adaptable when faced with uncertainty.”