Difficulties with hiring staff are all over the news of late, but for the restaurant industry, employee retention is an equally large issue, according to a recent article from QSR. Author Danny Klein reports a number of important statistics from a Hospitality Compensation Expectations report that restaurant owners would be wise to use as they…
Many of the adaptations adopted by restaurants in order to survive the coronavirus pandemic are here to stay, writes Alex Canter in a new article from Forbes. Cantor details five restaurant industry trends to keep an eye on in 2022. He suggests that the year will be marked by continued digital transformation, rethinking the physical…
As 2021 draws to a close, industry experts are looking ahead to trend for the coming year. In a recent article from Hospitality Net, author Jordan Lillis discusses how the COVID-19 pandemic will continue to impact the hospitality industry in 2022. Click here to learn about emerging trends including “workationers,” efforts to establish sustainable travel,…
In response to a year of big ups and downs in the restaurant industry, the National Restaurant Association chose to release a mid-year supplement to their annual State of the Restaurant Industry Report. The report addresses the top challenges currently facing the industry, discusses which pandemic-related changes are here to stay, and evaluates the impact…
In spite of making an impressive rebound recovery from the initial hit of the coronavirus pandemic, the hotel industry continues to face big challenges. Currently, the largest obstacle to businesses in this sector a major labor shortage, explains a recent article from Hospitality Net. The shortages are an issue not just at the entry level,…
The coronavirus pandemic forced hoteliers to seek out new avenues of revenue for their businesses. It is likely that some of the new service offerings— such as “ghost” kitchens, to-go cocktails, and using guest rooms as workspaces—are here to stay. Click here to learn more from an interview with industry expert Steve Palmer.
What will the restaurant industry look like, moving forward? What long-term impacts will changes made in the face of the coronavirus pandemic have? Authors Marbet Lewis and Steven Zelkowitz address these questions and more in their recent article for Modern Restaurant Management. Click here to read about the biggest challenges facing the industry, changes to…
The restaurant industry was hard-hit by the coronavirus pandemic. Restaurant operations had to pivot enormously to deal with changes in both supply and demand. A recent article from Modern Restaurant Management examines the impact of the pandemic on the industry, including import versus domestic supply chains, the differences in impact based on where outbreaks were…
The coronavirus pandemic was an enormous hit to the hotel industry; luckily, it appears that the rebound is occurring sooner and more quickly than expected, write Joe Foltz and Seth Pierce Johnson in a recent article for Lodging Magazine. The authors contrast earlier predictions regarding hotel financing with newly released actual numbers. For further details,…
The Small Business Administration’s (SBA) Restaurant Revitalization Fund (RRF) program has provided crucial funding for many businesses; however, the process of accurately documenting the use of the funds is a complex one. That is why the National Restaurant Association partnered with the AICPA in creating a budget tracking tool for RRF eligible expenses. The tool…
