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Limited Time Offerings (LTOs) have been a staple of the restaurant industry, although their very nature is short-lived. For consumers, LTOs often bring to mind seasonal offerings that have become synonymous with specific times of the year. For restaurants, LTOs create new avenues to connect with customers and generate opportunities for chefs to expand offerings.
Inflation and food prices remain high on the list of concerns for consumers, and focusing on value is one way that restaurants can get guests’ attention and capture more business. While LTOs, special offers, and reduced pricing are strategies to increase value, there are ways to engage guests and offer more, without compromising your margins. […] The post What value looks like to today’s restaurant guests appeared first on Restobiz.
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. In recent news, the internet’s uproar over David Chang’s legal actions towards brands has highlighted a prevailing sentiment against the commercialization of culture.
Elevate your bar's efficiency with a Liquor Inventory Control Scale. Discover the benefits for precise pours, cost savings, and improved profit margins.
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.
Tasting events engage diners, showcase culinary creativity, and generate buzz. But for restaurant professionals, navigating the logistics and maximizing the return on investment (ROI) can feel daunting. To get you started, we cover the essentials of hosting successful tasting events, equipping you with the knowledge to cultivate an experience for your guests and boost your […] The post How to Host a Restaurant Tasting Event appeared first on The Official Wasserstrom Blog.
The signing ceremony was graced by His Royal Highness, Tuanku Raja Muda of Perlis and Chairman of Westfield Global Sdn Bhd (centre) joined by Dato’ Yeoh Yih Sean, Director of Westfield Global Sdn Bhd (on his left), Mr. Kevin Chen, Senior Vice President Hotel Development, Asia Pacific Marriott International (on his right) and witnessed by esteemed Directors from Westfield Global Sdn Bhd and representatives from Marriott International.
Cyber risks have been around for a long time, but that doesn’t mean they’re static. Attacks are growing more sophisticated and more expensive. The average cost of a data breach in 2023 was almost $4.5 million, a figure that’s more than 15% higher than just three years prior. Statista’s market insights forecast the global cost of cybercrime will increase from $9.22T in 2024 to $13.82T in 2028.
Cyber risks have been around for a long time, but that doesn’t mean they’re static. Attacks are growing more sophisticated and more expensive. The average cost of a data breach in 2023 was almost $4.5 million, a figure that’s more than 15% higher than just three years prior. Statista’s market insights forecast the global cost of cybercrime will increase from $9.22T in 2024 to $13.82T in 2028.
As off-premise dining stays popular among consumers, operators can differentiate themselves and raise the bar on the customer experience with a better online ordering system. According to TouchBistro’s 2024 Diner Trends Report, 31 per cent of Canadians are ordering delivery and takeout every week, and that’s up from 25 per cent in 2022. Today, online […] The post Can you improve your restaurant’s online ordering system?
The foodservice team makes nutrition an integral part of students' school day through themed literary lunches, math problems on cookie packaging and more.
Effective inventory management is the backbone of a successful restaurant operation. As profit margins in the hospitality industry can be razor-thin, ensuring control over food inventory is paramount for financial sustainability and operational efficiency.
In their 2024 State of the Restaurant Industry report, the National Restaurant Association shared that, “In a typical year, about 3 in 10 dollars spent in restaurants come from travelers and visitors.” Yet not all restaurants capture the lucrative food tourist market. Fear not! With the right approach, any eatery can become a destination for […] The post How Restaurants Can Attract Food Tourists appeared first on The Official Wasserstrom Blog.
Serving 4.6 billion lunches and 2.4 billion breakfasts to K-12 students annually is a monumental effort — and a monumental opportunity for environmental stewardship.
Fast food fraud has seen a 45-percent increase in the last year or so, largely driven by a digital transformation sea change that has made these restaurants more vulnerable, according to data from fraud prevention company Forter. Fast food restaurants are all about convenience with the latest step in providing convenience for guests being the welcoming of digital payments and corresponding loyalty apps.
By Madan Kanala In fast-paced multi-unit restaurant operations, ensuring food safety and compliance with health regulations is paramount. One area where there are often misconceptions is in the realm of automated refrigeration temperature monitoring solutions. Despite these solutions’ numerous benefits, myths and misunderstandings may prevent restaurant operators from fully embracing these tools.
The European Commission recently made changes to the maximum levels of the mycotoxin deoxynivalenol (DON) in food with Commission Regulation (EU) 2024/1022, amending Regulation (EU) 2023/915.
The hustle and bustle of the restaurant and bar industry can be both exhilarating and exhausting. For those who have spent years working tirelessly in the service of others, the dream of being your own boss and taking control of your destiny may seem like an elusive goal.
April 22, 2024 Share this page on Facebook Share this page on Twitter Share this page on LinkedIn How alternative proteins change the trajectory of our food system Alternative proteins help decrease emissions, feed more people with fewer resources, and restore biodiversity. They also address the urgent problems of antibiotic resistance and pandemic risk caused by our food system.
Since being acquired last year by FSC Franchise Co., the parent company of Beef 'O' Brady's and The Brass Tap, Newk's Eater is developing a more cost-effective footprint and upgrading its menu.
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.
By Daniel Hawes The restaurant and hospitality sectors are in a time of rapid digital transformation due to the widespread introduction of artificial intelligence (AI) into the consumer space. AI will significantly influence and reshape these sectors, as operators continue to look for ways to streamline restaurant processes and customer interactions, accelerate internal workflows, and […] The post AI is poised to transform the restaurant industry in 2024 appeared first on Restobiz.
Social media platforms like Instagram and TikTok have positively affected the food safety landscape by raising awareness of best practices and helping to identify outbreaks, but at the same time, social media has also served as a vehicle for food safety misinformation.
We're thrilled to share with you a must-listen (or watch) resource for anyone in the hospitality industry looking to elevate their inventory management game.
Cycas Hospitality’s growth continues into 2024 following their landmark appointment to manage The Ormond Hotel in Dublin on behalf of the Ormond Group, a leading hospitality group from Southeast Asia. This will be Cycas Hospitality’s first property in Ireland and marks another significant step in their pan-European expansion.
Merch might a somewhat newer term in a restaurant owner's lexicon, but having a focused merchandising effort can connect a person to a brand as well as be a great way to build awareness and put buts in seats. While someone might want to express their admiration by wearing or displaying brand merch, it's important for those brands to create products that will not simply collect dust in a corner.
Singer Equipment Co. has acquired the business of Hotel & Restaurant Supply, a Meridian, Miss.-based dealer with six additional locations throughout Mississippi, Alabama, Tennessee and Louisiana. The new division will operate under the name Singer H&R. Mason Greene, chairman of Hotel & Restaurant Supply, says in a release that Singer will help accelerate the company’s next phase of growth.
Researchers from Osaka Metropolitan University have achieved simultaneous detection of Escherichia coli and Staphylococcus aureus in real-world samples, on-site and within an hour, using a handheld electrochemical device.
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.
Whether it’s rooting on a team at a nearby sporting event, drifting down a lazy river with loved ones at a Play category listing, or enjoying the pool with friends at a beachfront villa, there are plenty of playful adventures awaiting this summer.
Eighty-one percent of diners said they would either stop going to a restaurant altogether or alter their dining hours to avoid prices surging during peak hours and 64 percent said they have a negative reaction to restaurants using surge and dynamic pricing, according to a HungerRush’s National Restaurant Price Surging Survey. “This is an alarming statistic for restaurant owners and operators, potentially leading to an increase in lost revenue or creating new peak hours,” Bill M
On April 10, the Environmental Protection Agency (EPA) implemented first-ever restrictions on the perfluoroalkyl and polyfluoroalkyl (PFAS) substances in drinking water, a pivotal move in shielding public well-being from waterborne hazards. EPA’s cap target six PFAS compounds, including two of the oldest and most widespread PFAS—PFOA and PFOS—at 4 parts per trillion.
A total of 313 food product recall announcements were issued in 2023 by FDA and USDA, which the U.S. Public Interest Research Groups (PIRG) Education Fund analyzed in its Food for Thought 2024 report to identify recall trends.
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.
The international and innovative hotel brand, YOTEL, welcomes guests to its highly anticipated opening of YOTEL Geneva Lake, featuring Switzerland’s first Nordic-inspired gastronomy destination.
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.
Restaurant operators have faced stiff headwinds since 2020, with a near-constant swirl of inflation, supply chain and labor challenges. But if last year was any indicator, restaurant operators are on the road to relief in 2024. According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales.
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