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Maximize Takeout Profitability With These Six Steps

Modern Restaurant Management

Off-premise dining was already on-trend in the restaurant industry well before COVID-19. According to Morgan Stanley estimates, online delivery is set to grow from $260 billion in 2017 to $325 billion in 2020 – and possibly $470 billion by 2025. But now there’s something coming on stronger than even delivery: takeout.

Coupons 596
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Second Time’s the Charm

Modern Restaurant Management

While the dining landscape presents abundant opportunities for entrepreneurs and restaurant brands looking to expand or open a new location, owners and operators are understandably cautious about making a significant new investment. Which is why second-generation restaurant space has emerged as an increasingly popular option.

Retail 529
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To Mitigate ‘The Great Resignation’ Refocus on the Employee Experience

Modern Restaurant Management

As brands scrambled to change their business models – whether through the adoption of touchless payments, delivery and curbside pickup, or the use of QR codes to access online menus – consumers were also forced to adapt their dining behaviors. And according to Technomic, Inc., Addressing Retention.

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How the Pandemic Has Forever Changed the Way We Eat

Modern Restaurant Management

With many restaurants closed for in-person dining on and off throughout the pandemic, the food service industry shifted to delivery and takeout as a business imperative. According to SEC filings, food delivery apps experienced tremendous growth in 2020 earning a combined $5.5 billion from the same period in 2019. Alcohol To-Go Will Expand.

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Four Ways QSRs MUST Innovate to Outlast the Pandemic

Modern Restaurant Management

Open Up More 'Ghost Kitchens' Restaurant locations are having a hard time keeping up with all the mandated restrictions to dining in. This has led to QSRs like Wingstop opening up more ghost kitchens , which are smaller stores that forego dine-in areas completely. Go All In on Digital Delivery. An easy to use app.

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Michelin Rating Overview: Expansion into New Markets

Goliath Consulting

In the 2010s, Michelin continued to strengthen its presence in Asia, entering Singapore and Seoul in 2016 and Bangkok in 2017. They argue that some food traditions, particularly from Asia, are undervalued because they don’t align with Western dining norms. Initially launched in 1920 in France, the guide traditionally focused on Europe.

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The Experience Paradox

Modern Restaurant Management

Two years of COVID restrictions have reminded all of us just how important in-person dining is to our daily lives. Perhaps that is why, for many of us, eating a gourmet restaurant meal in the isolation of our home is not nearly the same as sitting around a table with friends and family at our favorite dining spot.