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Recipe for Success – How Technology Is Revolutionizing the Restaurant Industry

Modern Restaurant Management

The hospitality industry has until very recently been known to drag its feet when it comes to new technology. These capabilities enable hospitality staff to function more efficiently, with greater capability to provide a frictionless service, as well as alleviating pressure during periods of labour shortages.

Recipes 486
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To Charge or Not To Charge?

Modern Restaurant Management

Making a profit in the hospitality industry was tough Pre-COVID, but today it is nearly impossible. Food prices skyrocketed, beer and alcohol prices went up and containing costs has been like trying to catch a tiger by the tail.

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Optimize Staff and Resources with Pre-Made Food Products

Modern Restaurant Management

Learn how the foodservice industry can stay competitive and fresh amid widespread food and labor shortages. As consumers watch food prices continue to rise, the demand for cost-effective meal solutions are prompting c-stores, full-service, and quick-service restaurants to increase their offerings.

Recipes 419
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The Top 5 Bar and Restaurant Trends 2023

Sculpture Hospitality

Throw into the mix rising wages, skyrocketing food prices, staffing shortages, inflation and a difficult economy and the hospitality industry is no doubt set for a difficult year. Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving.

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Going lean – how hospitality can overcome the challenges of food price inflation and record energy bills

Hospitality Net

Hospitality has been a driving force for the UK and European economies for years, employing 3.2 million people before the pandemic and generating £38 billion in tax revenue for the UK government.

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Performance Greek Hospitality Industry Performance Q1 2023

Hospitality Net

In an environment of a significant slow-down of the global economy, geopolitical tensions, inflated energy& food prices and rising interest rates - leading to soaring costs for businesses and households - the Greektourism sector showed a strong performance in 2022 mainly on the back of pandemic related pent-updemand and accumulated savings, the strong (..)

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Is There a Right Way to Raise Prices?

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their insights on whether there is an effective way to raise menu prices, any alternative and how can you do so without alienating guests. To do this, restaurants will either need to use lower cost food items or raise menu prices.

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