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Why ‘Homegating’ is Here to Stay

Modern Restaurant Management

Here are few of the technology advancements that we’ve seen influence many consumers to embrace “homegating” rather than make their way back to bars and stadium. Delivering beer, wine, and spirits straight to consumers’ doors, programs like these are dedicated to helping people drink better at home.

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Psychology of Bar Sales: Use POS Data to Decode Customer Preferences and Boost Revenue

Mad Mobile

However, modern bar POS systems can create customer profiles from the swipe of a credit card or when guests sign up for your establishment’s loyalty program. Consider this… Bar POS systems track a wide variety of data points about each and every customer who swipes a credit card or joins a loyalty program.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Reduce portion sizes slightly to maintain menu prices but account for increased costs. Don’t be afraid to increase price. Don’t be afraid to increase price. Expand Customer Loyalty : This year, many restaurants didn’t necessarily see a drop in topline sales, but instead suffered drops in visit frequency.

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MRM Research Roundup: End-of-September 2021 Edition

Modern Restaurant Management

The data further signaled that price increases have had a significant impact on consumer restaurant habits. Nearly two-thirds (63 percent) of participants indicated they have ordered or visited less due to higher prices. Consumers ranked local chains as their second most desired type of apps and loyalty programs.

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15 Restaurant Promotion Ideas to Attract More Customers 

Restaurant Clicks

Some restaurant owners worry that offering specials and promotions will hurt their bottom line, but when done correctly, a promotional deal can be extremely lucrative, bring new customers in, and build loyalty with those customers so that they come back. . Loyalty Programs. Food Blogger or Influencer Event.

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MRM Research Roundup: Mid-August 2021 Edition

Modern Restaurant Management

Government data provides evidence that restaurants are raising menu prices to help offset higher labor costs. The monthly Food Away from Home Consumer Price Index rose to over 4 percent in June, after pacing mostly in the lower single-digit range since 2H09, according to Federal Reserve Economic Data. State of Business Dining.

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Ultimate Guide to Restaurant Management Software

Lavu

With order management features, you can transfer tickets quickly, split bills, change prices, and more. Price and Quality: Although a modern system is likely to be costly, the price should align with the quality being offered. Allows experimentation of different price points to determine maximum profitability .