article thumbnail

MRM EXCLUSIVE: Restaurants Going Digital Require Technology That Always Works

Modern Restaurant Management

What’s new on the menu for today’s innovative restaurants? What’s keeping restaurants humming: mobile point-of-sale (POS) units, ordering terminals, tabletop tablets, and tablets for the waitstaff. Internet of Things (IoT) technology. Is Your Refrigerator Running?

article thumbnail

Restaurant Budgeting: How to Create A Restaurant Budget

7 Shifts

Your stiff competition requires innovative thinking and aggressive growth strategies to stay on top. This includes: Net Sales: The total revenue derived from your sale of food and beverages. Managing a restaurant is not for the faint-hearted. In this industry, one of the worst-case scenarios is running out of money.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

HORECA Middle East: 5 Opportunities in the Hotels, Restaurants, and Catering Industries

Aaron Allen & Associates

We are seeing that the HORECA Middle East industry (Hotels, Restaurants, and Catering) continues to grow but in different ways, and operators are having a hard time identifying where the opportunities are. Hotel sales grew 23% over 2022, and Restaurants & Cafés grew by 17%. The first passenger station will be in Fujairah.

Hotels 52
article thumbnail

Consumer Habits Are Changing — What’s Next for Restaurant Tech?

Modern Restaurant Management

Many food and beverage establishments have seen success with technology — such as contactless options, automation to support changing workforces and innovative customer loyalty strategies — in their endeavors to meet the demand for safer and more convenient dining experiences. Gone are the days of cash-only transactions.

article thumbnail

How Food Costing and Pricing Should Change Your Catering Business Processes in 2022

ChefMod

While the catering industry is on the mend, it’s essential that you ready and steady your business for the coming year. Here are some bulletproof ways to streamline operations in a catering business to cope with changing market dynamics. They harnessed the power of technology to innovate new solutions to avoid shutting down.

article thumbnail

Biting the Hand that Feeds: Processing Fees That Prey on Merchants

Modern Restaurant Management

As point-of-sale (POS) platforms exit the startup stage and developers begin looking for ways to generate increased revenue, many are turning toward processing fees for using their software. Meanwhile, restaurant owners and operators grapple with an influx of customer confusion, loss of trust in their business and missed sales.

article thumbnail

2024 Outlook: Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. As the trend of digital nomadism continues to rise in the future, catering to this growing demographic becomes increasingly important.

2024 215