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2024 Outlook: Restaurant Trends and Challenges, Part One

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry experts for their views on what trends and challenges owners and operators can expect to see in 2024. Just as the transition to renewables and electric vehicles has thrived on collaborative efforts, we foresee more collaboration for the cultivated meat industry in 2024.

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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

With an expected annual growth rate of 4.57% from 2024 to 2029, meal kits provide an opportunity to increase revenue and reach more customers. Branded merchandise Selling branded merchandise lets you generate additional income while promoting your restaurant.

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Top Restaurant POS Features To Look For In 2023

The Restaurant Times

Over 20% of POS solutions are already in the cloud, and 29% are planning to do so by 2024. Increase in Bluetooth incorporations that will minimize wifi hogging and internet costs Customer Loyalty Programs Loyalty programs, which offer incentives and individualized products and experiences, are essential to retaining and attracting customers.

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10 Father's Day Promotion Ideas for Restaurants 2024

SpotOn

Tempt dads with loyalty discounts from return visits Let's say a family steps into your restaurant for Father's Day and is eager to try the food for the first time. When you have a well-structured loyalty rewards program , you give Dad an extra incentive to check back into your restaurant for another bite.

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Restaurant Profit Margin: 7 Ways To Actually Make Your Operation More Profitable

SpotOn

At the beginning of 2024, the NRA reported that 73% of operators expected profit to be less or the same over the year, with 38% saying they didn't make any profit in 2023. This is all the income from your food and beverage sales, catering, branded merchandise, packaged goods, venue hire, etc. Labor costs. Overhead costs.

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MRM Research Roundup: Diner Resiliency, Automation Technology, and Egg Prices

Modern Restaurant Management

Nearly half (47 percent) of diners say they engage with loyalty programs at least once a week, up significantly from just 34 percent in 2023. To improve retention, operators are focused on technology that delivers structured onboarding programs, leadership development, and real-time feedback tools.

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MRM Research Roundup: Delivery Fraud, the Playground Effect, and Top 100 Places to Eat

Modern Restaurant Management

percentage points less than sales growth from the same two-month period in 2024. This edition ranks the top fraud challenges faced by global food delivery and ride-hailing companies in 2024. Month-over-month sales (+0.1 percent) and transactions (+1.6 percent) also grew. percent, which is about 1.5

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