Remove Airlines Remove Customer Experience Remove Pricing
article thumbnail

Dynamic Pricing in Fast Food: Profit-Driver or Diner Turnoff?

Modern Restaurant Management

Faced with rising labor costs and increasingly price-sensitive customers, restaurant brands are exploring new ways to balance profitability with consumer expectations. One of the most debated strategies is dynamic pricing, which adjusts based on demand and other variables. Here are three key strategies: 1.

Pricing 446
article thumbnail

Smarter, Faster, More Human: Why AI and Automation Are Transforming Restaurants

Modern Restaurant Management

Great restaurants provide great experiences, and great restauranteurs unfortunately spend many of the hours in each week doing activities that could (and should) be automated, rather than being able to use those hours focusing on what makes their concept or business exceptional. Smarter data use.

Airlines 434
Insiders

Sign Up for our Newsletter

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

article thumbnail

Where Is Surge Pricing Headed?

Modern Restaurant Management

"Restaurants thinking about implementing surge pricing need to balance the revenue upside with the potential brand backlash," says Savneet Singh, CEO of PAR Technology. "While Food is visceral in a way that airline seats aren't. Food is visceral in a way that airline seats aren't. Yes, and yes!

Pricing 482
article thumbnail

Making the COVID-19 Pandemic Marginally Worse, Airlines Are Banning Alcohol

EATER

A number of airlines, including KLM, Delta and American Airlines are suspending part or all of their alcohol services, in order to minimize the number of interactions between crew and passengers. Some airlines are limiting drink service to water only, according to CNN , or to water and soft drinks. And in other news.

Airlines 284
article thumbnail

Restaurant Revenue Management: 3 Killer Strategies to Boost Sales

7 Shifts

"Restaurant revenue management is defined as selling the right seat to the right customer at the right price and for the right dura­tion."— From there, you can make vital decisions about price, service capacity, table turnover, and your menu to boost revenue and profits. Revenue management is not a new concept.

article thumbnail

Are airlines starting to offer better coffee?

Perfect Daily Grind

For many, a cup of coffee is a central part of the experience of air travel. However, it’s undeniable that convenience has historically been a priority for airline coffee, with quality and taste generally taking a back seat. Why has airline coffee historically not been of high quality? Read on to find out what they told me.

Airlines 167
article thumbnail

Experience Is the Best Teacher: Five Things My Father — and Hard Times — Have Taught Me About Leadership in the Restaurant Industry

Modern Restaurant Management

Focus on creating extraordinary experiences that raise the bar in your community. ” He would never take them for granted with short-sighted decisions like cutting portions and raising prices, however tempting that solution may be. Focus on creating extraordinary experiences that raise the bar in your community.