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According to the National Restaurant Association, competition in the restaurant sector is strong. In fact, 45 percent of restaurant operators expect competition to be more intense than last year. Why? A chief reason is due to caution or uncertainty exhibited by conscious consumers, with 48 percent saying they are taking the ‘wait and see’ approach and holding back on spending in 2024.
The restaurant hustle never sleeps, and neither do the challenges that come with it. As a restaurant manager, you’ve likely experienced your fair share of inaccurate inventory , inefficient processes, product waste, and potentially even lower-than-expected profit margins.
More than half of respondents (54 percent) expressed optimism about the positive impact of AI in the restaurant industry, according to a survey from Slang.ai. Despite this optimism, less than one-third of operators currently utilize AI indicating untapped potential for technological integration within the industry. A promising 71.6 percent of restaurant operators plan to adopt AI soon, with nearly 94 percent acknowledging its necessity to remain competitive.
Although there are no guarantees that a new location will be a success, choosing the right location can increase the chances dramatically. Download this white paper for some best practices when it comes to seeking a new location for your new restaurant.
Driven by a diverse and exciting ecosystem of passionate, ambitious, and often young entrepreneurs, the Food & Beverage (F&B) sector is a highly competitive environment full of immense challenges and exciting opportunities. Expert Market’s 2024 industry report, sponsored by Toast, is informed by a survey of 522 U.S. food and beverage professionals, from restaurant owners to food service managers, providing insights into the real-time challenges and opportunities within the industry.
This article discusses the recent wave of state bills on food additives that have emerged following the California Food Safety Act , FDA’s activities in an effort to get ahead of an inconsistent patchwork of legislation, and criticisms about these bills voiced by legislators, regulators, and industry stakeholders.
The Eternal City’s revitalised gallery-hotel showcases enhanced creative flow and 200 new contemporary artworks following three-month rejuvenation by Studio Marincola.
Craveworthy Brands, which oversees a number of legacy and emerging restaurant brands, has partnered with an Energy as a Service company to drive down energy consumption.
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Food Service Focus brings together the best content for large-scale food service management professionals from the widest variety of thought leaders.
Craveworthy Brands, which oversees a number of legacy and emerging restaurant brands, has partnered with an Energy as a Service company to drive down energy consumption.
IHG Hotels & Resorts, one of the world’s leading hotel companies, and Google Cloud, today announced an expanded partnership that will fuel new customer experiences within the IHG One Rewards mobile app. With Google Cloud’s technologies, IHG will launch a generative AI-powered travel planning capability that can help guests easily plan their next vacation directly in the IHG One Rewards mobile app in a suite of new features that will launch in the second half of 2024, creating a more dynamic digi
Papa John’s Int’l. today announced plans to open 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and his company, The Bajco Group. The agreement will expand the Papa Johns footprint in The Bajco Group’s existing markets across the Midwest and in Arizona, Pennsylvania and Florida. The franchisee currently operates more than 200 restaurants and has a goal of owning 500.
Marriott International opened the doors of its first all-inclusive resort, the Marriott Cancun, An All-Inclusive Resort, in the Quintana Roo region of Mexico. Nestled along the turquoise waters of the Gulf of Mexico in the heart of Cancun’s Hotel Zone, the opening of Marriott Cancun, An All-Inclusive Resort marks the first-ever all-inclusive resort fully conceptualized by the Marriott brand.
Hoshizaki America has a twofold personnel update, with a promotion and a new hire changing its makeup. Being promoted is Sally Ray, who has held marketing roles of increasing responsibility over the past eight years. Ray will now step into a new role as the VP of marketing.
Fairmas proudly announces the appointment of Rolf Arndt as the Managing Director of its subsidiary, Fairmas Services GmbH, the Fairmas branch specialised in providing additional services for hotel owners & investors. Notably, Fairmas remains under the leadership of Niels Schroeder, while Rolf Arndt will lead the Fairmas Services GmbH. With over 30 years of invaluable experience in the hospitality industry, particularly in Finance, Rolf brings a wealth of knowledge and expertise to his new role.
Andrew Marsallo, formerly of Shake Shack and Pret A Manger, is getting a fresh start as Just Salad’s new director of real estate. Marsallo will be responsible for managing the brand’s growing real estate pipeline, focusing on both new and existing markets. Currently, Just Salad has over 80 locations across New York, New Jersey, Connecticut, Florida, Illinois, Pennsylvania and Massachusetts.
Branded residences are one of the fastest growing categories in the hospitality industry. At the start of 2023, Accor, a leading global player in the branded residences category, launched Accor One Living, an industry-first 360° platform for mixed-use projects and branded homeowner communities.
Global public health and safety organization NSF is now offering California Proposition 12 (Prop 12) certification for American meat and egg distributors that are distributing products in the state of California. Prop 12 is an animal welfare law enacted by the state of California on January 1, 2024, that sets higher standards for confining certain farm animals.
The “Tourism Investments and Economic Development in Europe” conference, jointly organized with Ministry of Tourism and Environment of Albania, was held within the framework of the UN Tourism Regional Commission for Europe. High-level delegates included investors from the hospitality, aviation and real estate industries, alongside private sector stakeholders and various heads of various international organizations.
Recently published data from an FDA sampling assignment carried out in 2022 and 2023 to test imported honey for economically motivated adulteration (EMA) found that 3% of samples were adulterated. The sampling was designed to identify products that contained undeclared sweeteners that are less expensive than honey, such as syrups from cane and corn.
Marriott Hotels, the signature flag of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, is proud to announce the opening of Palmetto Marriott Resort & Spa slated for May 2024. Situated on Florida’s picturesque west coast, the eight-story property will serve as an oasis for business and leisure guests, offering a tapestry of immersive coastal experiences and unparalleled amenities.
The U.S. House Committee on Oversight and Accountability will hold a hearing on April 11, 2024, tiled “ Oversight of the Food and Drug Administration.” The hearing will examine the Oversight Committee’s ongoing investigations into the FDA response to several issues, including the infant formula crisis and food safety, drug shortages, facility inspections, hemp regulation, regulation of tobacco and nicotine products, and over-the-counter decongestants.
Officials of Twenty Four Seven Hotels, a third-party hospitality management company for premium-branded, select-service and lifestyle hotel segments in the western U.S., today announced that it has partnered with Shiny, a leading digital tipping platform, to provide services for more than 450 associates across its 30 hotel portfolio. The service is available across multiple hotel departments, including housekeeping and more.
Results of sampling and testing of imported honey for signs of economically motivated adulteration conducted by the U.S. Food and Drug Administration (FDA) in 2022–2023 has revealed only 3 percent of samples to be violative.
Pro-invest Group, a leading private equity real estate asset manager and investment firm has selected Oracle OPERA Cloud Property Management System (PMS) to standardize operations across its properties. Pro-invest needed to consolidate multiple PMS systems to centralize its data and operations on a system that could handle a wide range of hotels, from smaller independent properties to larger global brands.
Nelson is responsible for leading the district’s first ever Chef Team, which aims to develop recipes that will get students excited about school meals.
For 38 years, Amara Singapore has stood as a heritage landmark in the heart of Tanjong Pagar. Commencing its phased renovation in October 2023, the property is set to unveil its final transformation by September 2024. In collaboration with renowned hospitality design firm Studio HBA, a division of Hirsch Bedner Associates, Amara Singapore has been re-envisioned as the vibrant social epicentre of the neighbourhood, resonating with the city’s dynamic energy.
About 64% of diners said they had a negative reaction to restaurants using surge and/or dynamic pricing. Additionally, 81% of diners said they would either stop going to a restaurant or alter their dining hours to avoid increased pricing during peak hours.
America’s hotels are projected to generate record levels of federal, state, and local tax revenue this year while paying employees historic totals of wages, salaries, and other compensation, according to state-by-state projections released today by the American Hotel & Lodging Association.
Also in this week’s K-12 legislative update: Maryland lawmakers pass bill that would analyze the cost of setting up a universal free school meals program and Minnesota Governor Tim Walz says yes to extra funding to continue universal free school meals.
In my previous newsletters, I describe the virtues of utilizing the mortgage-equity technique when valuing hotels and other types of income properties. This newsletter will explain how to determine the return on the equity component which is based more on the transaction market rather than the financial market. My approach will probably surprise you.
Controlled environment agriculture can help meet food requirements of the future, but this objective must be achieved by specific processes that minimize negative impacts on the environment and place food safety front and center.
The luxury industry is undergoing a change. As a result, its products are reaching more and more people. In order to avoid losing exclusivity and uniqueness, many brands are now relying on ‘experiences’. These are enabling them to strengthen their relationships with their customers, offering them a unique experience without sacrificing status or reputation.
This article explores the transformative strategies, methods, and approaches of AI technologies in the realm of USDA-FSIS operations, with an introduction of ten major AI systems for different applications and purposes.
As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently. From guest experience enhancement to the digitization of financial and operational management, ensuring the seamless integration of disparate property systems has become paramount for success.
Givaudan, the global leader in Taste & Wellbeing, Mista, the world’s leading food innovation platform, and Bühler, a global technology partner for the food, feed, and mobility industries, announce the opening of a state-of-the-art extrusion hub at the Mista Innovation Center in San Francisco. The opening of this new facility advances its capabilities in driving food innovation and highlights Givaudan’s and Bühler’s commitment to supporting the transformation of the food system.
Cargill reports increasing its contracted renewable energy capacity by 42% after signing five new deals to bring online an additional 300 megawatts of wind and solar capacity, expanding its total offsite renewable energy portfolio to 716 megawatts. These contracts play a meaningful role in helping it achieve its goal to reduce absolute operational greenhouse gas emissions by 10% by 2025, against a 2017, baseline, with the company already achieving an emissions reduction of 10.97% as of calendar
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