Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. But, according to the same report, about 40 percent of consumers agree that with rising grocery store prices, it’s not necessarily cheaper to eat at home.

Marketing 195

Marketing Loyalty Program Email Marketing Coupons 195

7 Shifts

SEPTEMBER 15, 2021

When guests order items that are priced slightly higher, check sizes go up, and tips in turn with them. Have your chef go into detail about how ingredients are sourced and dishes are prepared , so your team can ace any questions that guests may have. Create a loyalty program. Higher tips and checks.

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Loyalty Program Customer Experience Customer Service Point of Sale 369

Modern Restaurant Management

FEBRUARY 5, 2024

In this edition of MRM Research Roundup, we feature pizza predictions, Valentine's Day menu trends and lots about loyalty. Consumers Love Loyal Eighty-five percent of consumers are joining loyalty programs, and restaurant merchants know they need to capitalize. According to the 21st Annual U.S.

2024 195

2024 Loyalty Program Food Order 2030 195

Modern Restaurant Management

AUGUST 23, 2022

These tools allow franchise restaurants to maintain focus on the guest experience and to build upon brand recognition through developing innovative technology and strategically utilizing loyalty programs to keep consumer interest high, even as prices rise. Of course, raising product prices rarely results in a positive outcome.

Franchise 187

Franchise Franchising Loyalty Program Food Supply 187

SpotOn

MAY 13, 2024

  From crafting a summer menu that celebrates seasonal ingredients to offering cool beverages can enhance customer loyalty, adapting to the busy season with innovative menu ideas and online ordering can set your restaurant apart. Update your summer menu Add new dishes that make the most of fresh, locally sourced fruits and veggies.

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Seasonal Menu Outdoor Email Marketing Loyalty Program 98

Modern Restaurant Management

FEBRUARY 3, 2022

Inventory and Menu Management : Though 47 percent of operators say that all or most of their suppliers increased prices during the pandemic, two-thirds of restaurants maintained or increased their menu offerings. Now, more than half of all operators (57 percent) report offering a loyalty or rewards program of some kind.

Loyalty Program 192

Loyalty Program Online Ordering Cash Management Point of Sale 192

Lavu

NOVEMBER 17, 2023

By staying on top of profit margins, you can make informed decisions about pricing, portion sizes, and operational costs, thereby improving your profit margins. Therefore, exploring effective ways to increase sales and carefully managing expenses, pricing, and menu offerings become vital strategies in maintaining a healthy profit margin.

Fast Casual 123

Fast Casual Fine Dining Food Truck Loyalty Program 123

Modern Restaurant Management

NOVEMBER 21, 2022

Additionally, menu prices at casual dining establishments rose by an average of 9 percent year over year from 2021. The decreased patronage along with inflation increases running costs, which means increased menu prices. Some implemented loyalty programs to promote recurring customers.

Operations 195

Operations Cash Management Seasonal Menu Loyalty Program 195

Modern Restaurant Management

DECEMBER 21, 2022

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.

2023 195

2023 Loyalty Program Mobile Ordering Customer Experience 195

7 Shifts

SEPTEMBER 15, 2021

When guests order items that are priced slightly higher, check sizes go up, and tips in turn with them. Have your chef go into detail about how ingredients are sourced and dishes are prepared , so your team can ace any questions that guests may have. Create a loyalty program. Higher tips and checks.

Loyalty Program 195

Loyalty Program Customer Experience Customer Service Point of Sale 195

Modern Restaurant Management

MAY 5, 2022

While high stock prices of crypto companies like Bitcoin grab headlines, they are gaining traction with consumers since blockchain technology helps make transactions easier without needing an intermediary such as a bank or credit card company. After announcing the partnership, the company ran a pilot program in outlets in Denver this month.

Serving 187

Serving Loyalty Program Food Supply Point of Sale 187

7 Shifts

OCTOBER 31, 2022

But give an idea of some dishes or drinks with projected price points. Source: Toast. Sticking with the above example of a coffee shop, you may want to talk about your restaurant advertising ideas for millennials, like using TikTok marketing to promote your menu items and an app-based loyalty program. Sample Menu.

Point of Sale 397

Point of Sale Back of House Document Download 397

Open for Business

MAY 19, 2023

And showing that you’re aware of the latest trends can attract new guests, build loyalty, and raise your profile. With dozens of cute, emoji-like facial expressions, customers love taking selfies with the robot, making it a great source of word-of-mouth marketing. One way you can connect with them is by making your business greener.

2023 78

2023 Hospitality Loyalty Program Email Marketing 78

The Restaurant Times

DECEMBER 28, 2020

Great food at a reasonable price, with a good ambiance and hospitality, completes an excellent dining experience. Not just the quality of the food, but the quantity served and the price charged for it is also a part of excellent service. Using Loyalty Programs and Offers. Gathering Customer Feedback.

Loyalty Program 98

Loyalty Program Email Marketing Social Media Customer Service 98

Black Box Intelligence

APRIL 12, 2023

food prices grew at a slower rate in February compared to January (9.5% And although prices are expected to continue to grow more slowly in 2023 than in 2022, price growth is still projected to be above historical-average rates. In 2023, all food prices are predicted to increase 7.9%, with a prediction interval of 5.5

Food 76

Food Loyalty Program 2023 2022 76

EATER

MARCH 7, 2023

“To the north, you have the Kelly Miller housing projects, where about 94 percent of residents are below the federal poverty limit and most are unemployed,” says James, who worked as the farm programs manager at Common Good City Farm until early January. “To percent for food prices last summer — the largest increase since 1981.

Marketing 98

Marketing Loyalty Program Pricing Back of House 98

7 Shifts

JULY 16, 2021

Sourcing Equipment. You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! Expected menu prices. A common way for coffee shops to get financed is through business loan programs. Source: Smart Draw.

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License Hiring Equipment Point of Sale 459

Modern Restaurant Management

DECEMBER 28, 2020

We also see this gaining traction with consumers similar to how calorie labeling became a major source of information for our personal health. With technology at the forefront of restaurant operations, we think there will be an increase in branded mobile apps along with a rise in loyalty programs. Lavu CEO Saleem S.

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2021 Mobile Ordering Loyalty Program Kitchen Safety 230

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Seasonal Menu 52

Seasonal Menu Food Waste Loyalty Program 52

Clover - Restaurants

APRIL 25, 2024

In fact, we’ll tell you why sharing your secret sauce can even be a key to customer loyalty. As a reward –If you’ve set up a loyalty and rewards program for your regulars, you could send recipe cards out as rewards for repeat visits. They can be traced all the way back to Ancient Greece and Rome.

Design 52

Design Loyalty Program Social Media Allergens 52

Modern Restaurant Management

JANUARY 12, 2022

But despite these concerns, 46 percent of people noted they will eat out daily to several times a week in coming months and showed a growing loyalty to their favorite brands. CGA’s BeverageTrak solution combines powerful datasets to provide an ultra-granular view of how brands and categories are being consumed, when and at what price.

2022 214

2022 Mobile Ordering Guest Recovery Point of Sale 214

Modern Restaurant Management

DECEMBER 16, 2021

We expect restaurants to place more emphasis on these things given increased competition in the space as operators aim to increase brand loyalty both internally and externally. Tight menus, for set prices, at times offering previously unapproachable product at approachable prices. Smaller menus in general.

2022 179

2022 Food Supply Back of House Kitchen Safety 179

Squirrel Systems

FEBRUARY 16, 2024

Consumers are increasingly aware of the environmental impact of their food choices, leading to a surge in demand for locally sourced, organic, and plant-based options. They support online ordering, mobile payments, and loyalty programs and can integrate with third-party delivery services.

2024 52

2024 Technology Menu Mobile Ordering 52

Modern Restaurant Management

SEPTEMBER 15, 2021

It is expected alcohol sales will grow as suppliers and operators adapt packing and pricing models to bolster alcohol sales with delivery. 87 percent of Canadians are interested in ordering food sourced from local farmers or using Canadian produce. ” Supporting Local. ” Attracting New Diners. ” Attracting New Diners.

2021 178

2021 Loyalty Program Retail Online Ordering 178

The Restaurant Times

SEPTEMBER 29, 2021

With an abundance of restaurant data monitoring systems available today, operators can collect tons of useful data from multiple sources to have a better understanding of business performance. Source: Times Of India. It is safe to say that a sound stock management system is the foundation of a profitable restaurant business.

Loyalty Program 52

Loyalty Program Point of Sale Inventory Customer Service 52

Modern Restaurant Management

JUNE 12, 2020

Many small businesses may not qualify for an Economic Injury Disaster Loan (EIDL) or a Paycheck Protection Program (PPP) loan due to limited availability and eligibility requirements. Assistance programs or exemptions to help with financial impacts during this pandemic may have recently been developed in your city or state.

Small Business 152

Small Business Certification Loyalty Program Government 152

Modern Restaurant Management

APRIL 27, 2020

Additional funding has been allocated for the Paycheck Protection Program (PPP ). To make it easy for restaurants of all sizes and types to adapt to these changes, OpenTable is introducing a new Open Door ’ pricing program. For more information, visit: sba.gov/paycheckprotection. According to Administrator of the U.S.

Webinar 196

Webinar Mobile Ordering Loyalty Program Online Ordering 196

LevelUp

OCTOBER 14, 2019

Source: Yelp ). With their outpost program , pickup shelves are placed in participating offices, allowing sweetgreen to deliver and shelve orders en masse. Source: Tri-Cities Area Journal of Business ). Source: CBS News ). Source: QSR. Pickup shelves at sweetgreen. Pickup shelves at Firehouse Subs.

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Seating Ordering Mobile Ordering Loyalty Program 66

The Restaurant Times

NOVEMBER 15, 2021

Introducing a better POS system, staff training programs, or even completely rethinking their services are examples of strategies to achieve this balance. Source: Unsplash. Loyalty Programs. You might also hire expert website services for a reasonable price to complete the task. Online Ordering.

Loyalty Program 52

Loyalty Program Online Ordering Social Media Point of Sale 52

The Restaurant Times

FEBRUARY 28, 2023

Yet, according to BCG , only one out of every five restaurants fully utilize the vast amounts of data they have access to from various sources. For instance, ask your guests to join a mailing list or rewards program. In the long run, detailed insights can help you build better relationships with customers and foster loyalty.

Operations 52

Operations Point of Sale Seasonal Menu Customer Experience 52

The Restaurant Times

OCTOBER 3, 2023

Goodhew leads the technology strategy and execution at BurgerFi, where he oversees the digital platforms, loyalty program, online ordering capabilities, and store systems that deliver a seamless guest experience and drive business growth.

Innovation 52

Innovation Fast Casual Retail Loyalty Program 52

Modern Restaurant Management

APRIL 27, 2020

Additional funding has been allocated for the Paycheck Protection Program (PPP ). To make it easy for restaurants of all sizes and types to adapt to these changes, OpenTable is introducing a new Open Door ’ pricing program. For more information, visit: sba.gov/paycheckprotection. According to Administrator of the U.S.

Webinar 183

Webinar Loyalty Program Online Ordering Social Media 183

Bingage

FEBRUARY 1, 2021

Especially designed for the restaurant owners who are seriously looking a 360-degree restaurant marketing software for the business and that too with less price as compared to the big market players. Source – [link]. Equipped with Restaurant Loyalty Program. Make new customers through Restaurant Referral Program.

Marketing 52

Marketing Loyalty Program Demo Website Management 52

The Restaurant Times

SEPTEMBER 22, 2021

Segmentation and target marketing can help you: better engage your consumers to understand their demands and needs and then fit them into your program. . create loyalty to make customers feel like they are important to you and treat them as VIPs. . Loyalty At Its Best . Loyalty comes in handy when you must sell to a new market.

Loyalty Program 52

Loyalty Program Social Media Email Marketing Customer Service 52

Mad Mobile

MARCH 1, 2024

Dynamic pricing strategies Most restaurants and bars use digital menus because of their flexibility. Restaurant tablets and kiosks allow for dynamic pricing that changes based on your needs. If your chef is running an in-demand special, you can easily adjust the price or remove it from the menu when it’s sold out.

Seasonal Menu 40

Seasonal Menu POS Loyalty Program Customer Experience 40

BNG Point of Sale

SEPTEMBER 2, 2021

Adding more seats does not affect the eating experience for the rest of the guests; rather, each additional seat represents a new source of revenue. . Having an excessive number of menu items might have a detrimental influence on your net profit margin by increasing unnecessary food prices and increasing food waste at your restaurant.

Food Truck 52

Food Truck Loyalty Program Food Point of Sale 52

BNG Point of Sale

OCTOBER 13, 2021

Real-time, easy-to-change readings of stock, pricing and customers and employee statistics improve sales performance. A POS targets pinpointed messages that match customer interests, thus aiding marketing initiatives, including gift cards and loyalty programs. Open-Source POS Systems.

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POS Loyalty Program Point of Sale Cash Management 52