Modern Restaurant Management

JANUARY 21, 2025

With egg prices increasing by 30 percent over the past year and expected to rise more, MRM asked Stasko for his best advice on what strategies restaurant owners can implement to prevent sharp menu price increases and innovative menu solutions they can implement. How can you avoid rising prices on egg-focused menu items?

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Modern Restaurant Management

JANUARY 14, 2025

But it goes beyond figuring out how to source the freshest ingredients at the best price. Extreme Weather: By 2035, experts predict that higher temperatures alone will push up worldwide food prices by between 0.9 Negotiate Strategically : Don't be afraid to negotiate on price, payment terms, and delivery schedules.

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Management Management Food Seasonal Menu 450

Culinary Cues

SEPTEMBER 30, 2024

Of course, running a restaurant is difficult, wholesale prices of ingredients have risen dramatically since the pandemic, labor costs are out of control, and landlords have no mercy when it comes to establishing lease arrangements. So, are we pricing ourselves out of the market? This is not a place where restaurants want to live.

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Pricing Marketing Insurance Seasonal Menu 415

Goliath Consulting

APRIL 22, 2025

How rising import taxes may reshape menus, pricing, and sourcing in the restaurant industry. These policies, which will affect a wide range of imported goods, could ripple across the food and beverage industry in the form of higher prices, tighter margins, and evolving menus. With new U.S. Heres a breakdown of whats likely to come: 1.

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Modern Restaurant Management

DECEMBER 27, 2024

In 2024, restaurant traffic slowed while price sensitivity grew. Moreover, three out of four respondents believe restaurant prices are higher and high prices are the primary reason for cutting back on restaurant spending. Sustained loyalty is the goal in this highly competitive, price-driven market. Continued trepidation.

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2025 2024 Point of Sale Customer Experience 471

Modern Restaurant Management

APRIL 11, 2025

Minimizing Menu Price Increases : Just because diners are still eating out and ordering in, does not mean they are happy about higher menu prices. Restaurant operators should limit significant menu price increases, explore value menus when possible, and avoid implementing any sneaky service charges.

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Loyalty Program Social Media Front of House Back of House 439

Modern Restaurant Management

JANUARY 20, 2025

These chefs might know how to source the finest ingredients, but no one’s taught them how to negotiate the price of those ingredients or keep suppliers from quietly eating away at their profits. Sales reps may come back with a price comparison guide that shows lower prices on specific items. Be wary of common tactics.

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Operations Beverage Point of Sale Pricing 418

Modern Restaurant Management

APRIL 18, 2025

Other restaurants are integrating AI into reservations, guest messaging, and even menu pricing—helping them react to demand in real time. Optimize pricing strategies based on real-time demand, reducing food waste. Others are using AI to predict demand and dynamically adjust pricing, just like airlines have done for years.

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Airlines Hospitality Waste Food Order 434

Modern Restaurant Management

MARCH 26, 2025

Factors Motivating Brand Loyalty When it comes to brand loyalty, the survey highlights that consistency is a major theme among today’s customer – they want to know they’re getting the same quality, experience and pricing wherever and whenever they shop with a brand.

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Marketing Email Marketing Loyalty Program Mobile Ordering 490

Modern Restaurant Management

MAY 12, 2025

Adding pressure, price perceptions remain high. Almost four out of five RMS respondents feel restaurant and grocery prices have increased compared to the previous month. Bureau of Labor Statistics shows restaurant price increases continue to outpace grocery inflation. That doesn't always mean lower prices.

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Retail Marketing Fast Casual Customer Service 354

Modern Restaurant Management

MAY 13, 2024

Tastes and preferences constantly change as trends come and go, keeping the restaurant industry on its toes. But two non-negotiables have remained strong for diners: convenience and loyalty. With digital and frictionless experiences at the forefront, diners are seeking their favorite restaurants in new, more affordable ways.

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Pricing Loyalty Program Mobile Ordering Customer Service 493

Modern Restaurant Management

OCTOBER 14, 2024

For restaurants, especially those operating on thin margins, these fees can influence pricing strategies, profitability, and even operational decisions. This includes higher prices and reduced cash flow. As a percentage of each sale, interchange fees may seem minor individually but can accumulate to significant amounts over time.

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Cash Management 2023 Customer Service Influencer 322

Modern Restaurant Management

APRIL 8, 2025

While there was a brief dip in consumer awareness of menu price increases in late 2024, the spring of 2025 has seen a moderate rise, affecting dining habits and consumer perceptions of value. “With rising prices tied to eggs and imported goods, restaurants will need to think creatively about their menus,” Fink said.

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Restaurant Business

MAY 27, 2025

The fast-casual chain on Tuesday dropped prices and simplified the menu in an overhaul designed to drive traffic. CEO Mike Burns said it was time to stop nickel and diming guests.

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Modern Restaurant Management

JUNE 2, 2025

Rising restaurant prices and increased cost-of-living expenses are significantly altering dining out habits in both the US and UK, according to a new survey from Attest. Among the key findings affecting restaurants: Price Sensitivity : 86 percent of consumers in both the US and UK feel restaurant prices are higher than last year.

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Modern Restaurant Management

APRIL 14, 2025

-based diners who recently ordered from a QSR, fast-food or fast-casual chai also found that value is about more than just price. This is a clear signal that today’s diners are more willing to switch brands in search of better value – but that shift isn’t driven by price alone.

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Modern Restaurant Management

DECEMBER 30, 2024

In 2024, food prices have been high and consumer spending has been stretched thin, making it even more difficult for restaurants to attract new customers. Restaurants succeed or fail based on loyalty, which is a direct result of customer experience.

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Customer Experience Loyalty Program Dietary Restrictions 2025 519

Modern Restaurant Management

APRIL 1, 2025

The unfortunate answer is price increases in general for both food and drink and narrower margins than already experienced by restauranteurs. Most of these increases in costs will be passed on to the consumer by higher menu prices. Tariffs on agave products from Mexico could see significant prices increases.

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Bar Point of Sale Consumer Goods Back of House 282

ChowNow

FEBRUARY 7, 2025

Heres how it works: Instead of pricing items individually, menus show a combined price that offers a slight discount compared to ordering each item separately. Prix Fixe Menu: A multi-course meal at a set price encourages guests to order more while offering an elevated dining experience. Why do bundles work?

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Ordering Online Ordering Loyalty Program Customer Experience 349

EATER

MAY 14, 2025

As a result of their rising popularity, the price of these oceanic creatures has also risen. And while some may chalk these sometimes eye-popping prices up to historic inflation or price-gouging on the behalf of restaurants or their suppliers, the factors that go into oyster pricing are actually much more complicated than that.

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Pricing Equipment Consumer Goods Bar 306

EATER

APRIL 30, 2025

Here, Huang explains how business has changed since going brick-and-mortar and how hes kept prices low over the past five years. With price points and check averages under $20, it simply isnt enough money to cover the operating expenses in New York, so we needed to be more sustainable to a degree. We literally just raised prices by $1.

Serving 290

Serving 2025 Fine Dining Employee Relations 290

Modern Restaurant Management

OCTOBER 30, 2024

. "Value is a broader tent than price, but price is an important value platform when consumers are faced with high inflation or a personal economic situation such as a job loss," Tim Fires, president of global foodservice at Circana, told Modern Restaurant Management (MRM) magazine. "We

Loyalty Program 251

Loyalty Program Consumer Goods Customer Experience 2025 251

Modern Restaurant Management

FEBRUARY 17, 2025

We can expect to see a prolonged period of higher egg prices through the Easter and well into 2025, according to a repor t from CoBank. To deal with fluctuating egg prices, Powers has a nmber of suggestions including taking advantage of commodity price drops to lock into systemwide supply contracts. "An

Hospitality 221

Hospitality Food Supply Seasonal Menu 2025 221

Modern Restaurant Management

JANUARY 2, 2025

Restaurant owners looking to purchase an existing license can face prices up to $1 million depending on demand. The Hidden Costs of a Full Liquor License and a Cost-Effective Solution Across the U.S., This financial burden is not unique to Florida.

License 472

License Loyalty Program Innovation Customer Service 472

7 Shifts

NOVEMBER 24, 2024

Aside from improving restaurant customer experience , market research also helps you make informed decisions about location, pricing, and marketing strategies. increase in average wholesale food prices compared to last year, you might want to update your pricing strategy. With the 4.5%

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Marketing Social Media SEO Customer Service 370

Culinary Cues

OCTOBER 23, 2024

From a strict business standpoint this statement seems reasonable, however at what personal price. “If A stake in the ground that insists you will only buy ingredients from local farmers and vendors may not be wise based on consistency, availability, price controls, quality and service.

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Modern Restaurant Management

FEBRUARY 17, 2025

We can expect to see a prolonged period of higher egg prices through the Easter and well into 2025, according to a repor t from CoBank. To deal with fluctuating egg prices, Powers has a nmber of suggestions including taking advantage of commodity price drops to lock into systemwide supply contracts. "An

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Hospitality Food Supply Seasonal Menu 2025 221

EATER

APRIL 7, 2025

Lille Allen/Eater While major egg producers have struggled with avian flu, smaller egg farmers have found new demand Last November, Mike Trent, the owner of Trent Family Farms in Cloverdale, Oregon, started to notice that egg prices were going to get crazy. People wanted eggs from me because I never raised the price of my eggs.

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Pricing 2025 Consumer Goods Retail 257

Modern Restaurant Management

FEBRUARY 24, 2025

Revenue growth in 2024 was largely driven by menu price adjustments. Although concerns about customer sensitivity influenced pricing decisions, only 9 percent of restaurants did not change prices in 2024, down 19 percent from 2023, indicating a stronger shift towards strategic price increases.

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Modern Restaurant Management

DECEMBER 30, 2024

At the same time, a rise in fast-food prices driven by inflation is reshaping consumer behavior, with many customers now treating fast food as a splurge rather than a convenience. Value will be defined by experience, not just price Rising inflation has changed how customers perceive value; they want more than just a cheap meal.

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2025 Dine-in Mobile Ordering Customer Experience 450

Modern Restaurant Management

DECEMBER 17, 2024

Thus, finding the right balance between maintaining high quality and keeping prices reasonable is crucial. Educating consumers about the benefits of sustainable ingredients can also foster understanding around pricing, making them more willing to pay a premium.

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2025 Loyalty Program Customer Experience Online Ordering 419

EATER

APRIL 11, 2025

A meal of eggs, rice, and soy sauce carried me through times when I couldnt afford much else, but now that Ive seen prices in Los Angeles skyrocket to $14 for a dozen, they feel less like part of the struggle meal and more like a luxury. Worries about prices and bird flu were for the outside world. The employee seemed confused.

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