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This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the dismal March restaurant sales, security, loyalty, trends and teen consumer behaviors. Finedining and upscale casual were the worst performing segments during March based on same-store sales growth. Emotional Connection and Loyalty.
And Independence Day 2021 may be the busiest one yet, with 46% of American consumers reporting that they’re excited to dine out again as pandemic restrictions are loosened. For example, if you’re a finedining establishment, diners probably aren’t looking for streamers and balloons everywhere. Consider Live Entertainment.
Fine-tuning your approach to staff management can significantly impact labor costs while maintaining high-quality service and a positive work environment. Look into local energy-saving programs that might offer rebates or incentives. Train your staff to recommend complementary items or upgrades that enhance the dining experience.
Tempt dads with loyalty discounts from return visits Let's say a family steps into your restaurant for Father's Day and is eager to try the food for the first time. When you have a well-structured loyalty rewards program , you give Dad an extra incentive to check back into your restaurant for another bite.
As regards restaurant size, for instance, it will affect both food cost percentage (it’s easier to fill up a large area with higher-margin items), as well as occupancy costs since customers in larger spaces spend more money on average than those who dine in smaller dining rooms. What Is Restaurant Revenue?
Establish a loyaltyprogram to offer your customers rewards. A loyaltyprogram is a fantastic way to get your customers to come back again and again. There are a number of ways to approach a loyaltyprogram and how it works will ultimately depend on your personal preferences. In-restaurant ideas.
Modern Restaurant Management (MRM) magazine asked restaurant industry experts to gaze into a crystal ball and re-imagine the future of dining. It's a small step to having a group of friends walk into a dining room served by multiple brands. Space is limited, click here to register.
As restaurants look to the next 12 months, they anticipate placing a greater emphasis on revenue streams such as on-premise dining, off-premise dining, and catering. Out of 25 brands, 17 are QSR or casual dining restaurants, marking a significant shift in why people are primarily visiting malls – to eat.
A company has multiple ways in which it can design the perfect food program for its employees, students, or clients. "Menu Connect is a simple solution to make restaurateurs' life easier, so that they can spend less time behind the computer and more time serving their guests a fantastic dining experience."
This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. Your Cost of Goods Sold are your food and beverage costs along with the cost of any merchandise you sell. A loyaltyprogram can be integrated into online ordering. Labor costs. Overhead costs.
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features dining trends, hiring trends, tech trends, brunch trends, alcohol trends, and egg prices. American Diner Trends Despite a higher cost of living, the average consumer’s dining habits are unchanged.
These annualized sales declines despite foot traffic growing reflect the ongoing trend of consumers trading down for lower-cost options when dining out. Yelp analyzes the millions of reviews on its platform, along with nominations from its community of users, to generate a diverse list of local eateries, from food trucks to finedining.
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