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Wendy's backed off from dynamic pricing. It shows guests are not yet ready for this pricing strategy in the restaurant industry. This leads a question: why do consumers overwhelmingly accept dynamic pricing in the airline, hotel, and event industries, but push back against it in restaurants? Perhaps the answer lies in the fact that, from most guest's perspective, dynamic pricing only works in restaurants when it's about dynamically discounting, rather than dynamically increasing prices. #restaurantindustry #dynamicpricing #innovation https://lnkd.in/ggC5WNvz

As consumers continue to feel pressure on disposable income, added to the increased cost of restaurant dining - hospitality merchants are challenged to find innovative ways to attract guests to repeat visits. It is interesting to see a subscription-based loyalty model emerge in restaurants which aims to attract more overall spend per year from customers, rewarding them when they return having already committed upfront spend. Feels like a win/win partnership at its finest. #hospitality #loyalty #payments

Pros and cons of opening a second restaurant location from someone who has 12 locations 😎 Pros ✅ Increased Revenue Potential ✅ Economies of Scale ✅ Operational Experience ✅ Increased Brand Awareness Cons ❌ Huge Financial Risk ❌ Resource Strain ie YOU ❌ Brand Dilution ❌ Market Saturation Follow for daily tips for your restaurant's success. 💯 #restaurantowner #restaurantsuccess #restaurantcoach #restaurantconsultant #profitablerestaurant #restaurantoperations

We’re delighted to have achieved second place in a list of the UK's top pub operators, based on customer feedback and reputation. CGA by NIQ’s PubTrack service unveiled its latest rankings of Britain’s biggest pub operators today, based on guests’ satisfaction, revisit and recommendation scores. Brunning & Price, part of The Restaurant Group, topped the list for a second year in a row.   PubTrack is an exclusive tool that combines CGA’s Outlet Index with a survey of 10,000 nationally representative pub-going consumers. It delivers accurate insights into guest behaviours and sentiment towards a wide range of metrics and is designed to help pub operators understand their consumers’ views and benchmark their performance against competitors. Kevin Georgel, Chief Executive, St Austell Brewery, said: “We’re absolutely delighted to be named top pub operator in the South West and second in the country for the experiences we offer for our guests. This is particularly meaningful for us, as it’s based on the feedback and scores of those guests. “At our heart, we are an experiential business. Whether that experience is drinking one of our excellent beers or visiting one of our fantastic pubs, our customers are always at the forefront of our decision making. We’re very proud to have made the top 10 and be amongst so many established and accomplished British pub companies.” Dani Rowlands, CGA by NIQ client director, said: “These PubTrack rankings provide the inside track on pub operators’ engagement with their guests. They’re an expert guide to which businesses are leading the way in satisfaction, and a valuable tracker of the groups and operational areas that need improvement. With consumer spending still under significant pressure, keeping guests happy and creating brand champions has never been more important.”   Read more about the top 10 here: https://lnkd.in/e4FTG7vV

I observe a lot of new F&B products and dishes showcased on social media 📱 and in attractions industry news. 📰 ➡ We could conclude that creating new F&B products is more accessible to big theme parks and attractions. I disagree with that. By discussing with food suppliers and manufacturers, I noticed that the process of introducing new F&B products within big parks can be very long. ⏳ On the other hand, I noticed that smaller parks such as FECs 🎳 stand out for their agility in adjusting their F&B offerings to meet changing demands. 💡 This insight reaffirms my belief: F&B innovation isn't exclusive to big parks! ✔ And this is where a Food Buyer can help. Curious to know more about my services? Have a look at my other resources on my profile or let's have a chat! 🎢🍽 #foodinnovation #themepark #familyentertainmentcenter #purchasing

Restaurant Owners/ Investors should read this article. Customers by far are choosing "affordable options and restaurants that consistently offer promotions. I can help with this. #restaurants #diningout #entertainment #promotions #sales #hospitalityindustry #customersuccess #restaurantmarketing https://lnkd.in/gSnue_gC

Don't let the frustrations and challenges of managing multiple digital partners weigh your #hospitality business down 📉 Whether you're an operator of multiple #quickservice or #casualdining restaurants, cafes or venues with multiple food and drink outlets, Centegra Plus allows you to centrally control all sales channels, menus, revenue streams and operations. Discover the benefits of an enterprise-centric strategy. https://centegra.co.uk #quickservice #restaurants #casualdining #enterprisecentric #integrations #hospitalitytech

Can wait lines at restaurants be good for business? New research from our Associate Professor Breffni Noone found that the presence of a wait line at a restaurant can increase perceived brand popularity among first-time customers, although this effect can diminish after 15-minute waits. #research #hospitality #hospitalitymanagement

Are you feeling the pinch? As 45% of hospitality venues have been forced to cut their budgets, it's time to look outside of the box to increase sales. At Oasis, we've done the hard work for you! From menu optimisation to branded partnerships and loyalty programmes, we've explored seven of the easiest ways to increase your restaurant's revenue. To learn more, visit https://lnkd.in/eRP2nZHx. What will you do? #RestaurantTips #HospitalityNews #FoodAndBeverage

We officially launched F&B Insights to market nationally --now working with over 40 operators. F&B Insights announces public launch   F&B Insights, a platform that helps bars, restaurants and hotels streamline partnerships with suppliers, monetize sales data, reduce turnover and raise profits, officially announced its public launch on Thursday.   The company aims to turn restaurant data into revenue streams for operations, working to transform the way establishments in the food-and-beverage industry make decisions about the prices on their menus.   During its pilot phase, F&B Insights serviced more than 40 businesses. The work was shown to add 1% to 3% more revenue per total beverage spend for each customer.   "F&B Insights has a great vision for operator and supplier relationships and undoubtedly will help us streamline and strengthen our partnerships while looking out for our best interests," Anthony Hitchcock, COO of Flagship Restaurant Group, said in a statement about the launch. F&B Insights