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

Modern Restaurant Management

Although dynamic pricing is a staple in industries like travel and hospitality, its application in fast food is uncharted territory. Participants were split into two groups: one primed with questions about past airline ticket purchases (dynamic pricing context) and the other with general questions about a past vacation (control).

Pricing 446
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Smarter, Faster, More Human: Why AI and Automation Are Transforming Restaurants

Modern Restaurant Management

For high-volume restaurants, whether it's a fast-casual spot in New York or a Michelin-starred restaurant in Paris, automation isn’t just about efficiency—it’s about stability. Others are using AI to predict demand and dynamically adjust pricing, just like airlines have done for years.

Airlines 434
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MRM Research Roundup: End-of-April 2021 Edition

Modern Restaurant Management

Casual Dining velocity has grown by 158 percent over the same period, suggesting many of the Casual Dining business models were able to maintain sales to some degree through pandemic restrictions. In fact, 30 percent of recent casual dining visitors think there is an opportunity to improve the quality of the beverage offer.

2021 490
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MRM Research Roundup: End-of-April 2020-COVID-19 Effects Edition

Modern Restaurant Management

Other businesses have seen a surge of consumer interest, including chicken-wing joints (+84 percent), pizzerias (+71 percent) and fast-food restaurants (+55 percent). dine out more often to fulfill basic needs and gravitate toward drive-thru and take-away options associated with QSR and fast casual. In the U.K.

2020 479
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MRM Research Roundup: Mid-August 2020 Edition

Modern Restaurant Management

Quick service and fast casual segments continue outperforming full-service restaurants by a very wide margin. Other leisure-related categories affected the most included travel, cruises, lodging and airlines. How Is Casual Dining Doing? Risking it for the biscuit? :

2020 493
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Decade of Disruption: Restaurant Insiders Dish What’s on the Plate

Modern Restaurant Management

The kiosk trend will be embraced like it is in the airline industry. In the short term, it’s QSR that will experience labor improvement, then fast-casual. Restaurants will become increasingly casual. Consequently, restaurants can easily be staffed 24 hours a day with limited additional cost.

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MRM Franchise Feed: Kitchen of the Future, Restaurant Sherpas and Dunkin’ Hirin’

Modern Restaurant Management

Headquartered in Sterling, Virginia, Cuisine Solutions services more than 22,000 restaurants, as well as first and business class on the top 10 airlines in the world, retailers and major hotels. Fast casual restaurants continue to outpace industry growth and we see a great deal of opportunity for business owners in this urban market.”