Wed.Apr 24, 2024

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What Went Wrong at Foxtrot, USDA Approves Pork Protein in Soybeans + More

Food + Tech Connect

Image Credit: Snaxshot Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines. Foxtrot Market, once a promising venture, has abruptly ceased operations, filing for Chapter 7 Bankruptcy. The merger with Dom’s, intended to bolster its financial standing, instead proved detrimental.

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Reviews and Ratings Are Decisive Factors in Dining Decisions

Modern Restaurant Management

Reviews and ratings are decisive factors for 91 percent of diners with 64 percent focusing on reviews less than a month old, according to a report from RightResponse AI. Additionally, 71 percent said that they “changed their mind and decided not to go to a restaurant” based upon negative reviews. “People read reviews, are influenced by reviews, and are very influenced by negative reviews,” George Swetlitz, co-founder of RightResponse AI, told Modern Restaurant Management

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Nekter co-founder reveals growth strategies, leadership tips

Fast Casual

Alexis Parra, co-founder and chief visionary officer, Nekter Juice Bar

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Sculpture Hospitality Ranked as a Top Low-Cost Franchise in Entrepreneur's Start-Up Magazine

Sculpture Hospitality

Toronto, ON, April 23, 2024 -- Sculpture Hospitality has been named as a top franchise in Entrepreneur’s prestigious, and fiercely contested, Low-Cost Franchise category.

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Food & Beverage Industry Report 2024

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.

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U.S. Department of Agriculture announces final rule on updated School Nutrition Standards

FoodService Director

Here’s a look at the upcoming changes to the School Nutrition Standards.

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Scratch Cooking Is the Vehicle

Chef Ann Foundation

Today’s announcement from the U.S. Department of Agriculture updating the national school nutrition standards is a step in the right direction.

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Hot Dog Chain Appoints Former Starbucks Exec

Foodservice Equipment Reports

Doug Koob, formerly of Starbucks, First Watch and Asian Box, has joined the executive team at hot dog concept Wienerschnitzel. As chief development officer, Koob will oversee Wienerschnitzel’s sales and business development teams for domestic and international growth, real estate, and restaurant design and construction.

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The Balancing Act: The Symbiotic Relationship between Hotel Asset Management and Revenue Optimization

Hospitality Net

In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k. Imagine if your revenue team fully understood this.

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Dining Trends in Senior Living

Culinary Services Group

Having the freedom of choice is an expectation for today’s seniors. Instead of taking a backseat to their care as they age, people 55 and up are voicing their preferences like never before. Focusing on person-centered dining is the way to go as you regularly incorporate new ideas and concepts into your dining program. While seemingly brief and unimportant for senior living communities, food trends are essential to keeping up with the latest generation of older adults.

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Wherever You Go, There Is Artificial Intelligence

Hospitality Net

It’s a daily occurrence to see mentions of Artificial Intelligence (AI) throughout multiple industries, including the hotel space. And why not? AI systems can effortlessly perform tasks associated with the cognitive functions of humans, and rather than reducing jobs, AI applications seek to enhance employment opportunities.

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LTI Hires Jason Prange as Regional Sales Director for the East Region

LTI, Inc.

Jonesboro, GA – April 24, 2024 – LTI, Inc., leading manufacturer and designer of modular and custom serving systems, advanced technologies and decor, is pleased to announce the appointment of Jason Prange as regional sales director for the east region, effective Monday, April 22, 2024. In his new role, Prange will leverage his extensive sales experience and expertise to drive growth and strengthen relationships with dealers, sales representatives, and consultants.

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Premier appoints Corina Heizer as its new Vice President of Procurement

Hospitality Net

Premier, an end-to-end architecture, design, procurement, project management, and development firm, is pleased to announce that Corina Heizer has been appointed as the firm’s new Vice President of Procurement. With more than 15 years of interior design experience and 11 years of procurement expertise, Heizer will oversee the daily operations of the Procurement team, and will be responsible for managing the department’s Procurement Associates.

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239. Restaurant Technology Guys Podcast Ep. 239 – Unveiling the Future of Kitchen Innovation at the National Restaurant Association Show

The Restaurant Technology Guys

The annual National Restaurant Association Show stands at the forefront of revolutionizing the foodservice industry, merging tradition with technological advancement. This year’s expo, particularly notable for its Kitchen Innovations segment, is no exception. Set against the vibrant backdrop of Chicago, the show promises a treasure trove of insights for anyone connected to the food industry.

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Weekender chooses Mews to help fuel their rapid US growth

Hospitality Net

Mews, the industry-leading hospitality cloud and winner of Best property management system at the HotelTechAwards 2024, has been chosen by Weekender to power their portfolio of hotels across the northeast of the US.

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Personalized Nutrition: How Food Tech is Tailoring Diets to Individual Needs

FMT Magazine

No longer will the one-size-none-all diet be an option. In today’s Nutrigenomics & Food Technology world, a new era of personalised nutrition seems to be rising in India. This innovative style uses new information technology to personalise diets to your specific choices and requirements, making you healthier and happier. Now it’s time to discuss the latest developments: Direct-to-Consumer Personalised Meal Kits, AI-powered Nutritional Coaching Apps, and Food Tech for Chronic Dise

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Nobu and SODIC Announce Further Development with a Hotel and Restaurant in East Cairo

Hospitality Net

Nobu, the renowned luxury lifestyle brand known for its iconic 41 hotels, 77 restaurants, and 12 residences, proudly announces the signing of Nobu Hotel and Restaurant East Cairo, in a continuing collaboration with Egypt’s leading real estate developer, SODIC. The signing, which took place at Nobu Fifty Seven in New York, marks Nobu and SODIC’s third venture in Egypt, following the unveiling of Nobu Hotel, Restaurant, and Residences in both West Cairo and North Coast Egypt last summer.

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New Zealand Introduces Requirements for Imported Frozen Berries to Ensure Food Safety

Food Safety Magazine

Following a 2022–2023 hepatitis A outbreak linked to contaminated frozen berries, New Zealand has issued new import rules for frozen berries to better ensure food safety.

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Design Hotels Launches a New Study on Neuroaesthetics

Hospitality Net

Diving deep into the impacts of a growing trend first explored in our Further Forecast 2024, Design Hotels announces the launch of "Neuroaesthetics — Design for the Mind", a new cultural study on neuroaesthetics, uncovering how aesthetics, culture, and technology impact our brains, bodies, and behaviors. Researched and developed by neuroaesthetics studio Kinda Studios and created in partnership with FSB Franz Schneider Brakel, the study collates insights across science, technology, and the arts,

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GFSI Opens Stakeholder Consultation for FSSC 22000 Version 6

Food Safety Magazine

As part of its Benchmarking process, the Consumer Goods Forum’s Global Food Safety Initiative (GFSI) has opened a new stakeholder consultation for the FSSC 22000 Version 6 standard.

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Customer Experience Is Like Maintenance on Your Car

Hospitality Net

I was talking to a friend the other day. He purchased an expensive new car just eight months ago. Unfortunately, the car turned out to be a “lemon,” and he has taken it back to the dealer multiple times for various problems. The car has spent more time at the repair center than in his garage. If it were me, I’d ask the dealer to replace the car. Apparently, he has more patience than I do and was giving the dealer another chance to fix the car.

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Travel + Leisure Readers’ 500 Favorite Hotels and Resorts in the World

Hospitality Net

Sometimes a hotel is so special that it becomes a destination in its own right. If you’re on the hunt for a property worth planning a trip around, look no further than the T+L 500, our annual list of the hotels and resorts our readers love the most.

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Asia Pacific Gen-Zs and Millenials Seek to Unlock Value and Maximize Travel Experience With One Loyalty Program

Hospitality Net

A survey by Marriott Bonvoy, the award-winning travel program of Marriott International, has found that a majority of Gen Zs and Millennials in Asia Pacific excluding China (APEC) prefer the simplicity of belonging to one comprehensive loyalty travel program.

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Announcement of the New Book "We are the Glitch. Come AI, Web3 e Metaverso stanno trasformando il settore dell’Accoglienza" by Simone Puorto

Hospitality Net

In an era marked by continuous technological evolution, which incessantly alters the fabric of our daily reality, a book emerges that promises to illuminate the path towards the future: "We are the Glitch. Come AI, Web3 e Metaverso stanno trasformando il settore dell’Accoglienza" ("We are the Glitch. How AI, Web3, and Metaverse are Transforming the Hospitality Sector"), written by Simone Puorto and published by Dario Flaccovio Editore for the “Accadde Domani FuTurismo” series, curated by digital

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stayAPT Suites & Powerhouse Hotels Forge Partnership to Expand Presence with 30 New Locations

Hospitality Net

stayAPT Suites, the innovative apartment-style hotel brand, is pleased to announce a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings. This collaboration involves signing a multi-unit development agreement, adding 30 new locations to stayAPT Suites’ portfolio, and expanding the brand footprint to 25 states over the next five years, with six locations that will break ground in 2024.

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Preferred Hotels & Resorts Welcomes 15 New Member Properties

Hospitality Net

Preferred Hotels & Resorts, the world’s largest independent hotel brand, is pleased to announce the addition of 15 new member properties to its global portfolio between January 1 and March 31, 2024. Ranging from a hidden safari resort in the wilderness of Nepal to a sophisticated Mediterranean hub in the heart of Split, Croatia, each of these distinct and independent luxury properties deliver authentic, one-of-a-kind experiences to inspire and guide travelers to explore even more exciting locale

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BeCause and WTTC Partner to Advance More Sustainable Hotel Operations

Hospitality Net

BeCause, the Danish start-up transforming how the global hospitality, travel, and tourism industries manage their sustainability data, is simplifying the sustainability journey for members by integrating the industry association’s Hotel Sustainability Basics (HSB) framework into its platform.

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Hotels Gain Powerful Analytics With HotelIQ and Apaleo Integration

Hospitality Net

Hotels will now have access to advanced analytics and business intelligence following the new integration between HotelIQ and Apaleo. The partnership brings together Apaleo’s open hospitality platform with HotelIQ’s cloud-based analytics, giving hospitality companies the tools they need to gain strategic insights and make better decisions.

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Europe Hotel Transactions Bulletin - Week Ending 19 April 2024

Hospitality Net

Proprium sells 35% stake in Motel One to One Hotels, Morgan Stanley and Quinspark acquire Pullman Paris Tour Eiffel from Amundi, Gruppo Statuto acquires Hotel de Rome in Berlin from GIC and Caleus, Nrep acquires Comfort Hotel Karl Johan in Oslo from CBRE IM, PGIM and Sonae Sierra JV acquires hotel in Porto, City Hotels Company Holding acquires three hotels in Italy, Lopesan acquires AC Hotel Iberia Las Palmas in Spain’s Canary Islands, Extendam acquires Hilton Garden Inn Sevilla from Aliseda Inm

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Customer Satisfaction Climbs Again as Travel Industry Rebounds to Pre-Pandemic Levels, ACSI® Data Show

Hospitality Net

If last year’s industrywide customer satisfaction improvement pointed to the travel industry returning to normal, then this year’s marks confirm it: Travel is back!

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IHG Hotels & Resorts to double presence in India with 100 operating hotels in 5 years

Hospitality Net

With close to 50 hotels in the pipeline, IHG® Hotels & Resorts, one of the world’s leading hotel companies, will double its operating portfolio in India in next 5 years. The company recorded strong signing performance in 2023 with 13 deals closed across its brands in luxury, premium and essentials categories, strengthening its footprint in cities such as Gurgaon, Jim Corbett, Mumbai, Amritsar and Goa.

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