Remove 2023 Remove Innovation Remove Ordering
article thumbnail

2025 Restaurant Payment Trends and Predictions

Modern Restaurant Management

As digital transactions become ubiquitous, businesses across all sectors are embracing innovations that reshape the way they interact with customers. In 2025, the restaurant industry will continue to adapt to these payment innovations, with a focus on eliminating cash transactions and prioritizing seamless, digital payment methods.

article thumbnail

Revolutionizing Restaurants: Embracing Tech Solutions in a Challenging Labor Market

Modern Restaurant Management

According to the National Restaurant Association (NRA), as of October 2023 eating and drinking places were 14,000 jobs below their February 2020 level. This is an innovation that consumers appreciate: 42 percent of diners have already used kiosks , and one in every three people say they would like restaurants to have more kiosks available.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Balancing Dining Experiences with Cost-Conscious Strategies

Modern Restaurant Management

Minimizing Menu Price Increases : Just because diners are still eating out and ordering in, does not mean they are happy about higher menu prices. Volume-Based Deals : Offer discounts on larger orders, particularly for takeout and delivery, to encourage diners to order more.

article thumbnail

Value Is the New Battleground for Loyalty

Modern Restaurant Management

The report found that loyalty is eroding as brands worked hard to offer new limited time offers, value meals, upgraded loyalty programs, and digital innovations. based diners who recently ordered from a QSR, fast-food or fast-casual chai also found that value is about more than just price. The survey of 1,500 U.S.-based

article thumbnail

2025 Restaurant Outlook: A Recipe for Success with Risk Management

Modern Restaurant Management

Technology: The Double-Edged Sword Technological innovation continues to redefine the restaurant industry, offering tools to enhance efficiency and improve the customer experience. Self-ordering kiosks, for instance, have gained traction in quick-service establishments, driving sales and streamlining labor demands.

article thumbnail

Not Just for Breakfast: The Economic Power of Waffles

Modern Restaurant Management

Also, with its versatility across day parts, operators don’t have to bring in additional SKUs for new menu innovations. An all-inclusive waffle program model will also alleviate order and supply chain complexities for the operator, in addition to diverse product use. It really is so easy to innovate around waffles.

article thumbnail

Smarter Not Smaller: How Restaurants Are Navigating Economic Headwinds

Modern Restaurant Management

In order to address ongoing economic strains, more restaurant operators are choosing to strategically use technology and data to become "smarter, not smaller." The engagement with loyalty programs is also on the rise, with nearly half (47 percent) of diners engaging at least once a week, a significant increase from 34 percent in 2023.