Restaurant management

The True ROI of IoT in Foodservice | modern restaurant management

“A penny saved is a penny earned.” No truer words have been spoken by Benjamin Franklin and it’s a mantra that resonates deeply for businesses in the restaurant industry, many of which are in recovery mode amid the COVID-19 pandemic. With exorbitant operating costs and razor-thin profit margins (averaging 3-9%), restaurateurs are constantly looking to […]

Restaurant service

Hurry for catering service models

Reading time: 5 minutes Embracing quick service business models is key to continued success in the restaurant industry The restaurant industry has faced its fair share of trials and tribulations since the onset of the COVID-19 pandemic, with establishments forced to adapt to government restrictions and strict health guidelines on the fly. Many restaurants have […]

Restaurant management

The Restaurant Owner’s Dilemma in 2022: Automation Vs. Hospitality | modern restaurant management

In 2022, the restaurant industry stands at a kind of crossroads or, to put it in a more 21st century way, the industry has reached a turning point. Restaurants were already getting more high-tech before the COVID-19 pandemic hit, but once it did, the adoption of solutions like contactless ordering and payment methods became a […]

Restaurant management

Potential Growth of $2.95 in Restaurant Management Software Market | More than 17,000 Technavio reports

Parent market overview Technavio classifies restaurant management software as part of the global application software market within the global computer software market. The global computer software parent market covers companies engaged in the development and production of application and system software. The global application software market covers companies engaged in the development and production of […]

Restaurant management

How tech tools are helping restaurateurs do more with less | modern restaurant management

Ensuring customers experience true hospitality is like running a successful restaurant. Thanks to restaurant technologies, it is possible not only to provide a superior customer experience – the heart of hospitality – but also to take things to the next level. Yes, the importance of a good customer experience has always been essential. However, between […]

Restaurant management

How AI will save the restaurant industry | modern restaurant management

According to a study by the National Restaurant Association Research and Knowledge Group, the restaurant industry will likely look dramatically different by 2030. Within a decade, it could be possible for an individual to approach a drive-thru in a vehicle autonomously, order via an AI-powered voice command assistant and eat food prepared by robots. One […]

Restaurant management

Bringing loyalty to the new normal level and beyond | Modern restaurant management

The pandemic has called into question the relationship between the restaurant owner and the customer. Brands that have shifted to a more customer-centric approach understand that loyalty is earned, not sold. Modern Restaurant Management (MRM) magazine asked Suzi Tripp, VP of Insights at digital transformation firm Brooks Bell, how restaurant loyalty programs are evolving and […]

Restaurant management

Is contactless forever? | Modern restaurant management

The COVID-19 pandemic has brought endless changes to the restaurant industry, but perhaps most important has been the rise of the contactless restaurant experience. The pandemic has forced restaurants to adapt not only to a new, leaner business model, but also to new consumption behavior. With customers opting for alternatives to on-site dining, restaurants have […]

Restaurant management

NCR Reveals Hospitality Trends and Forecasts for 2022 | Modern restaurant management

Restaurateurs once again find themselves refocusing their priorities and changing their plans for 2022. Here are some trends that NCR is watching as we approach 2022. Tackle the labor shortage with hiring incentives As sales tend to increase, the National Restaurant Association reports that three in four operators say recruiting and retention is their most […]

Restaurant management

Avoiding Dishwashing Problems Ensures Profitable Kitchen | Modern restaurant management

The best restaurants are those that keep internal processes running smoothly to ensure a great customer experience. Food preparation by experts results in attractive and delicious dishes, employee training reduces errors that can increase wait times, and proper dishwashing keeps plates, glasses and utensils pristine. In an increasingly digital world, a mistake can be costly. […]

Restaurant management

Hunger for growth: the restaurant industry in 2022 | Modern restaurant management

Some pandemic trends, consumer behaviors are here to stay. As restaurants continue to mitigate the impacts caused by COVID-19, many have pivoted and found new ways to redefine the dining experience. Some have even developed new lucrative business models that they will continue to apply and evolve in 2022. Consumers are showing similar signs of […]

Restaurant management

Drive-Thru customer experience revolutionized with AI | Modern restaurant management

The current COVID-19 crisis has not only transformed the global social, political and economic climate, but has also changed the way businesses operate. Restaurants have been hit particularly hard, and as the dust settles on the pandemic’s impact on the industry, they are forever changed. As a result, many beloved restaurants have closed for good, […]

Restaurant management

Snappy, a Provider of Easy-to-Deploy, Digitally-Driven Restaurant Management Software, Closes $ 2 Million in Top-Up Funding to Continue National Expansion

TORONTO, December 7, 2021 / CNW / – Snappy, an easy-to-deploy, digital-first restaurant management software as a service (SaaS) provider, today announced that it has lifted $ 2 million in a follow-on financing led by Celtic House Venture Partners, with the participation of its existing investors, including Celtic House Asia Partners. Snappy’s software powers more […]

Restaurant management

Business Models for Offsite Sales (Sponsored Post) | modern restaurant management

No matter what kind of restaurant you own, what kind of food you serve, or what regular customers come through your door, you need to focus on making door-to-door sales a key aspect of your restaurant business. Restaurants are unique and as such need a unique approach to offsite sales. Fortunately, there are a number […]

Restaurant business

Features to look for when setting up the point of sale for your restaurant

A successful restaurant needs to focus far beyond having a few fantastic cooks to make good, finger-licking food. Besides serving delicious and savory food to customers, a restaurant should also be well run in all respects, keeping customers at the heart of the center. After all, the customer is the king, and a king should […]

Restaurant business

UPXP leverages blockchain to revolutionize the restaurant industry

Enjoy your food, earn crypto UPXP Logo Breakthrough crypto project, UPXP, poised to challenge the status quo by bridging the gap between restaurant businesses and their customers Let’s break the rules together” —UPXP NEW YORK, USA, November 24, 2021 /EINPresswire.com/ — It looks like an unprecedented time in the global restaurant industry with the urgency […]

Restaurant management

Leveraging IoT Solutions to Protect Profit Margins | modern restaurant management

With profit margins averaging 3-9%, restaurants are continually looking to cut costs. How do restaurateurs find efficiencies to minimize costs without degrading quality or service? The industry has since entered recovery mode, but returning to pre-pandemic levels will not be easy. Consumers have shown interest in returning to restaurants, but it’s a slow march, not […]

Restaurant management

Niche Marketing for Restaurants: Finding Your Audience (Infographic) | modern restaurant management

You set yourself up for success by finding the right niche for your restaurant. Whether you’re serving gourmet food at a fine dining establishment or flipping burgers next door to the local university, there will be an audience that best suits your business. By focusing on niche marketing, your restaurant will thrive. What is Niche […]

Restaurant management

Outside the Four Walls: A Sudden Change in Behavior | modern restaurant management

In February 2020, the restaurant industry was on a long, slow march towards digital sales growth. As a percentage of overall sales, digital averaged about five percent. Some leaders, including brands like Wingstop, Chipotle, Starbucks and others, following early investments in digital customer experience, were already seeing well above average digital sales numbers and were […]

Restaurant management

Advantages and disadvantages of contactless payment methods in restaurants | modern restaurant management

Due to the COVID-19 pandemic, it was essential to reduce frequent touchpoints in physical stores, including restaurants, bars and cafes. In bathrooms, it is increasingly common to see paper towel dispensers, hand soaps and touchless air dryers. Another contactless feature that many restaurants are adding to their operations is payment methods. More and more alternatives […]

Restaurant business

Helpful Ways to Improve the Operation of Your Restaurant Business

To be successful in your restaurant, you need to make sure that all operations are streamlined When it comes to restaurants, day-to-day operations are what keep it in good working order. With the pandemic that has taken place, all restaurateurs are now more open to new business models and are streamlining their operations to be […]

Restaurant management

Using location-based advertising with SMS marketing | modern restaurant management

Companies have long looked for ways to optimize communications to specifically target people near advertisements. That’s why marketers will spend up to $38.7 billion on location-based marketing in 2022. Eighty-four percent are already using this type of marketing because it works. Consider the following: Data shows that 83% of marketers believe their campaigns are more […]

Restaurant business

How to write a business plan for a restaurant

the catering business project is a crucial first step in turning a restaurant idea into a real business. Without it, investors and lenders will have no way of knowing if the business is feasible or when the restaurant will become profitable. Business plans span dozens (or even hundreds) of pages, and because of the stakes […]

Restaurant business

Building a Future-Ready Catering Business in the UAE: How to

Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The COVID-19 pandemic has impacted all sectors, with one of the hardest hit being the restaurant industry. Therefore, now more than ever, restaurants are looking for ways to optimize costs in an effort to increase […]

Restaurant entrepreneur

Leading restaurant entrepreneur sets up new business to take over dead department stores

The founder of one of the world’s largest Mexican restaurant chains has set up a new venture to take over former UK department stores and transform them into thriving mixed-use spaces designed as a public version of Soho House. Tortilla founder Brandon Stephens is leading the new business and is in advanced talks with owners […]

Restaurant business

4 Must-Have Technologies to Improve Your Restaurant Business |

Customer-facing tabletop tablets: By giving customers the ability to order from a digital menu and pay securely on a touchscreen tablet, restaurants are giving them an easier and faster method to order directly from their table. By Jessica Kagin-Tropea, Owner of JKTEvents, LLC – 1.29.2020 Tasked with growing revenue for a line of restaurants in […]