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Operating a restaurant is not easy. By the time you manage inventory, staffing, customer demand and narrow profit margins, the last thing you want to think about is the IRS. Recordkeeping and tax deadlines may seem like a low priority item that can be pushed off to another day. However, neglecting these obligations can not only put your restaurant in jeopardy, but expose you to personal liability for certain unpaid taxes.
Running a successful bar is a complex dance of numbers, people, and passion. It's more than just pouring drinks; it's about creating an exceptional customer experience while maximizing profitability.
By Madan Kanala Efficiency is vital to success in the fast-paced and highly competitive restaurant industry. Maintaining high standards across various locations can be daunting for multi-unit restaurant managers. However, the latest advances in restaurant technology – particularly the Internet of Things (IoT), AI, and robotics – are revolutionizing how these managers can achieve operational […] The post Leveraging the latest advances in restaurant technology appeared first on R
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.
The world could be rendered defenseless against the next global pandemic if antimicrobial use in Southeast Asian animal agriculture is not curbed, researchers from RMIT University have warned.
Edward Don & Co., now part of Sysco, has made several key promotions and organizational changes within its sales and merchandising departments. Details include the following: Don says that these changes reflect a commitment to leveraging internal talent to its fullest potential, ensuring that the company can better meet customer needs and deliver exceptional value.
Let’s Get Baked Artisan Desserts began as a heartfelt experiment that eventually blossomed into a thriving business thanks to a lot of hard work. Cheyenne Price began her journey into the foodservice industry with a simple birthday cake for her daughter, which she calls a “giant disaster.” However, the experience awakened a new passion in her that inspired her to watch countless hours of video and even take courses with internationally known artists.
Let’s Get Baked Artisan Desserts began as a heartfelt experiment that eventually blossomed into a thriving business thanks to a lot of hard work. Cheyenne Price began her journey into the foodservice industry with a simple birthday cake for her daughter, which she calls a “giant disaster.” However, the experience awakened a new passion in her that inspired her to watch countless hours of video and even take courses with internationally known artists.
The new hospitality brand inspired by the great American outdoors unveils Trailborn Highlands, its third design - forward hotel featuring exclusive excursions, curated programming, and a soon to open destination restaurant, bar and outdoor Nordic spa.
Hoshizaki continues to enhance its leadership teams. Most recently, the manufacturer announced the appointment of Jake Kimmel as its director of training. Kimmel joined Hoshizaki about eight years ago and has held roles ranging from product manager to warranty and training manager.
Despite what digital marketing and tech providers may say, I believe upselling can best be accomplished when warm, welcoming, front desk colleagues have authentic, human conversations. That’s not to say that pre-arrival emails that market upsell options in advance do not serve a role, because they do. For one, whatever upselling revenue they produce is a plus, especially since it is automatically generated.
First Market Group 14 announced that Bruce Cameron has joined its team as a territory manager for Louisiana and Mississippi in MAFSI Region 14. Cameron has served the markets in those two states for the past 30 years. His ability to manage the sales process and analyze sales opportunities in those markets has been his strength over that period of time, FMG 14 says in the release.
[Amsterdam: 27 August 2024] – Mews, the industry-leading hospitality cloud, has revealed that over 15,000 hospitality professionals have now completed a course with Mews University.
Cows grazing at Point Reyes. Photo courtesy Point Reyes Farmstead Cheese Company The cows of Point Reyes Farmstead Cheese Company have a pretty awesome view. Situated at the southern tip of Tomales Bay in Marin County, California, the farm’s residents look out over the long, narrow bay to the Point Reyes peninsula, one of the most ecologically diverse (and breathtakingly beautiful) places in the country.
Tipping is an integral part of North American service culture, but it has always had challenges in hospitality. Travelers today carry fewer cash bills than ever, with a recent study showing that just 16 percent of all transactions today are handled using cash. More businesses are turning to digital tipping solutions to adapt to this shift in consumer behavior, but common barriers exist in the hotel tech stack that prevent some independent hoteliers from quickly offering digital tipping.
Also in this week’s K-12 legislative update: Nevada Governor Joe Lombardo defends his decision to no longer provide universal free school meals to students in the state.
Today, Scandic is introducing a new loyalty program that will strengthen the company’s commercial offering, boost member loyalty and create more relevant experiences. The company’s current loyalty program, Scandic Friends, has been rebuilt from the ground up to offer more beneficial, personalized and digital member experiences.
Numerous industries exhibit distinct seasonal business trends. For instance, in retail, the Back-to-School period from August to September trails only the Holiday Season from late November to December in terms of sales volume. Black Friday, the Friday following Thanksgiving in the U.S., signals the unofficial start of the Holiday shopping season. This day is named Black Friday because the surge in retail activity often transitions stores’ financial health from the red into the black by generatin
Under the motto RE:THINK PACKAGING, GEA will present the latest machine and control technology for the food sector at the Fachpack in Nuremberg (Germany) from September 24 to 26 (Hall 7A/Stand 563). The focus will be on the new PowerPak 1000 thermoformer for the packaging of meat and meat substitutes, poultry or cheese, which has been specially developed as an entry-level machine for the thermoforming segment and offers advanced functions previously reserved for machines in the higher performanc
Hotelogix, a globally leading cloud-based hospitality technology provider, said India’s Royal Orchid Hotels Limited (ROHL) has adopted its muti-property management system. Hotelogix’s comprehensive platform enables ROHL to standardize processes across their properties and gain centralized control over their operations, - helping them drive growth strategies and enhance guest experience and loyalty.
Bikaji Foods International Ltd., has announced the acquisition of a 55% equity stake in Ariba Foods Private Limited, a leading Ujjain-based company specialising in snacks and frozen foods, including samosas, naans, parathas, and sweets. This strategic investment, totalling Rs 60.49 crore, will enable Bikaji to enhance its frozen food production capabilities and expand its market presence.
Corporate Performance Management (CPM) refers to the processes and systems used by organizations to monitor, manage, and improve their business performance. CPM encompasses a wide range of activities, including planning, budgeting, forecasting, financial reporting, and analysis. It helps organizations align their resources and strategies with their goals, measure progress, and adjust tactics to optimize outcomes.
Even as Amul rises to become the world’s strongest food brand, Nestlé (brand value down 7% to $20.8 billion), continues to hold the title of the world’s most valuable food brand, according to a new report by Brand Finance, the world’s leading brand valuation consultancy. Despite a decline in brand value, Nestlé’s strong brand equity and resilience have helped it maintain its top position in the global food industry.
Hyatt Hotels Corporation (NYSE: H) today announces the opening of Hyatt Place Rouen, expanding the Hyatt Place brand’s global footprint in markets that matter most to guests and World of Hyatt members. Combining style, innovation and 24/7 convenience, the new hotel features a modern design, casual atmosphere, and practical amenities, such as three meeting rooms, a restaurant with French regional cuisine, onsite spa with a heated pool and treatment rooms, and state-of-the-art fitness centre.
Hotels face many challenges beyond filling rooms — they also want to bring in guests who drive value with every booking. In today’s competitive lodging market, targeting these valuable travelers is important for achieving sustainable success, but identifying and engaging with them can be daunting without the right advertising solutions.
A graceful tropical retreat neighbouring the traditional hillside village of Banjar Puhu in the north of Ubud, Anantara Ubud Bali Resort will become the second Anantara property to open on the Indonesian island when it welcomes its first guests on 1st October 2024.
The Shay, part of Destination by Hyatt, is thrilled to welcome José Andrés Group (JAG) as the exclusive food and beverage operations manager for the property, effective September 1, 2024. In this role, JAG will manage all aspects of the food and beverage experience at The Shay, including two new restaurants, in-room dining, the lobby bar, meetings and events.
Leisure demand is growing, according to the results of Cheval Collection’s latest travel survey, with close to three quarters of those asked planning to take at least three trips over the next year.
WISCO Hotel Group has made a strategic leap forward in enhancing efficiency and maximizing event revenue by incorporating cutting-edge technology from SalesAndCatering.com. The prominent Wisconsin-based hospitality company has successfully transitioned to the STS Cloud platform, incorporating advanced e-signature capabilities, ProposalPath proposal tools, and Visrez 3D table diagramming to enhance event sales opportunities, giving them a competitive edge.
The hospitality industry is a vast sector with many different sub-sectors that include recreation, lodging, entertainment, food and beverage which are constantly evolving. Due to the overwhelming amount of data available today, it has become increasingly challenging for industry players to gather all the necessary hospitality statistics to keep up with the latest trends.
Are your teams hesitant to incorporate one more technology into their workday? Have you noticed their scepticism towards the application of AI in hospitality? Or perhaps seek decision-makers at your hotel to acknowledge how AI can support overloaded reservation and reception teams?
SuitePad announces the launch of the "Guest Journey Push" feature, now available on the SuitePad admin panel. This new feature enables hotels to automatically provide timely and relevant information, offers, and updates tailored to specific guest profiles via their SuitePads.This feature is a significant improvement to the way in which hotels can communicate with their guests.
BARCELONA, Spain, August 22, 2024 – As the Venice Biennale draws near, the city’s luxury hotel sector is experiencing a significant resurgence in guest satisfaction. According to recent data from Shiji ReviewPro, during the first seven months of 2024, Venice 5-star hotels attained a 91.2% Global Review Index (GRI) score, which is 1.2 points above the global average.
Historically, hospitality professionals have viewed procurement as a cost centre. But now, after years of social, economic, and political upheaval, procurement is evolving into a strategic function that helps hospitality organisations realise their broader business goals.
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