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Revenue Management Strategies for the Hospitality Industry 

Paper Chase Accountancy

It involves a systematic process of understanding, anticipating, and influencing consumer behavior to maximize income, especially for perishable inventory like hotel rooms or airline seats. It’s about optimizing the “right” factors: Right Product: What you’re selling (e.g., a standard room vs. a suite).

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Supermarket Food Waste Is a Big Problem. Is Dynamic Pricing the Solution?

EATER

Justin Sullivan/Getty Images According to a new study, grocery stores could keep more food out of landfills, increase profits, and pad customers’ pockets by adopting a practice widely used by airlines, hotels, and other industries This story was originally published on Civil Eats. Picture yourself grocery shopping. A recent study from U.C.

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MRM Research Roundup: Top F&B Trends to Watch

Modern Restaurant Management

Despite the industry being at its most stable since 2019, customers being more educated and engaged around the issues impacting the food system, and massive strides made in creating sustainable and equitable conditions for staff, rising costs are greatly impacting both operations and the public’s dining out frequency.

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

Modern Restaurant Management

” Their answers touched on a variety of subjects including AI, virtual reality, virtual kitchens, staffing and retention, social media marketing, sustainability and third-party delivery. The kiosk trend will be embraced like it is in the airline industry. Elo’s Sonal Apte, vice president of retail and hospitality.

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COVID-19 Resources for Restaurants

Modern Restaurant Management

Within a matter of days, the business model that has helped sustain us in various capacities for nearly 70 years has been turned on its head,” said Michael Abt, CEO of Huddle House. “The restaurant industry, along with a few others such as airlines, hotels and walk-in retail, has been hardest hit.

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Where to Eat in 2023

EATER

After a fitful 2022, when a wave of pent-up wanderlust crashed over hot destinations, overwhelming hotels and airlines, 2023 seems like a chance to give up revenge travel and reset. Happy Accidents — The award-winning cocktail bar serves Oreo Negronis and other wild cocktails while reducing waste. Priyadarshini Chatterjee.

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What Is A Central Production Kitchen, And Why Are Restaurant Brands Increasingly Adding Them To Their Operations?  

Apicbase

Initially, central production units were primarily used by institutional and large-scale catering companies such as airline and cruise companies, hospitals, schools, and military kitchens. This allows you to optimise inventory and food waste management and cut down on costs. In this article, we’ll use these terms interchangeably.