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THE LINE IN THE SAND WITH RESTAURANT PRICING

Culinary Cues

Restaurants get hit from all angles so when there is a chance to push the envelope on pricing – many do. Of course, there is a handful of masterful chefs and restaurateurs who can charge crazy prices to sold out audiences. How do we continue to market wines at $20 a glass or cocktails in the same price category?

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What Do Guests Think About Dynamic Pricing?

Modern Restaurant Management

Dynamic pricing would add friction to the guest experience, according to Capterra’s 2023 Dynamic Pricing in Restaurants. Sixty-five percent of consumers say dynamic pricing would make the decision of where and when to eat more difficult; 63 percent say it would make it harder to budget their restaurant spending.

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Surgical Pricing Strategies: How QSRs Can Navigate Inflation

Modern Restaurant Management

When we asked consumers about restaurant spending , 31 percent said they were spending less on restaurants, and most (55 percent) spent less by ordering from restaurants less frequently. The data also supports what RMS has been advising: pricing must be strategic. Avoid across-the-board price increases.

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Could Surge Pricing Actually Make Fast Food Better?

EATER

Fast food chain Wendy’s has announced plans to test “dynamic pricing” at its locations across the country, beginning in 2025. According to CNN, the move is a part of the chain’s $20 million investment in digital menu boards, which will allow it to tweak the price of a Biggie Bag or Frosty in real time. If so, you’re in luck!

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The Ultimate Guide to The Best Restaurant Reservation Systems

Every restaurant is unique, which means that you have to do a bit of research in order to find the best restaurant reservation system for your specific venue. A review of each system’s strengths and weaknesses, including features, pricing, integrations, and more. To help you save time (and money), we've done your homework for you.

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Is There a Right Way to Raise Prices?

Modern Restaurant Management

Due to many factors including inflation and supply chain challenges, restaurant owners and operators have been faced with tough choice about raising menu prices. As food prices rise, restaurants should try to stay within their target ratio for food cost to gross food revenue in order to maintain target profits.

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How Much Does a Self-Order Kiosk Cost? Pricing & Considerations

Lavu

If you run a fast casual or quick service restaurant, you have the option of improving the customer experience by using self-order kiosks. Self-ordering kiosks … How Much Does a Self-Order Kiosk Cost? Pricing & Considerations Read More ». The post How Much Does a Self-Order Kiosk Cost?

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The Ultimate Guide to the Best Restaurant POS Systems

You have to read through dozens of POS reviews and sit through countless product demos in order to properly compare restaurant POS systems - time that could be better spent running your business. A review of each system’s strengths and weaknesses, including features, pricing, payment processing options, and more.