Dividend Gate Capital’s Post

The latest CGA RSM Hospitality Business Tracker reveals Britains top hospitality groups generated year-on-rear sales growth of 8.8% in December. The Tracker reveals like-for-like sales growth of 9.6% for pubs in December, while restaurants enjoyed an 8.3% upswing. Bars bounced back from a long run of negative figures with growth of 5.6%. Trading in the On The Go segment—a new segment for the Tracker—was 3.1% ahead. Managed restaurants, pubs and bars end 2023 on a high with bumper December - https://lnkd.in/gNzsKqY3

🔑 Location growth is often a key indicator of present and future success for QSR and FSR brands. Every new location opening is exciting–a chance for a fresh start–and publicly sharing its goals for expansion shows a brand’s potential, its market opportunity, and its ambition to seize it. 📈 The 2023 Restaurant Operations Report found that 96% of operators plan to open at least one location in the next 12-18 months; brands that currently have more than 250 locations have plans to open an average of 38 locations in the next 1.5 years. 🎯 It’s easy to set goals, it’s another thing to execute on those goals. Check out our latest blog where we highlight 9 high-growth brands in their endeavor to open their next several hundred or thousand locations and the strategies that they’ll employ to get there: https://lnkd.in/dC2Rrsin

I always keep on emphasis that for any brand (Either it's a QSR, Retail, or Any Other Category) it is mandatory to focus on 𝐭𝐰𝐨 𝐜𝐨𝐫𝐞 𝐩𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞𝐬 to exponentially excel in the market. The Two Core Principles Are: 1) Bringing Consistency in Brand Value Proposition (Delivering the Standard Quality Products and Services as Per the Brand Promise) 2) To Continuously Innovate 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐓𝐡𝐢𝐧𝐠 𝐭𝐨 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 We really need to understand that innovation is not just about bringing new systems, making seamless processes, and incorporating tech. It also includes, 𝐏𝐞𝐨𝐩𝐥𝐞 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 ! Yes, People innovation ! To continuously develop people ! #strategy #planning #teambuilding #leadershipdevelopment #innovation #systems #technology #designthinking #processimprovement

Dynamic trends in the Restaurant Sector! In CQ4-2023, the Restaurant Index grew 3.40%, trailing the S&P 500's 11.31% rise. Annually, 2023 showed gains aligning with the S&P. Despite challenges, brands emphasized global expansion and digital innovation. The industry has continued to adapt, setting a measured outlook into 2024. Download the full report: https://ankura.co/431JDs3

Great work by our team outlining Q4 trends in the Restaurant Sector! Here are the key takeaways on labor market and commodities as we head into 2024: Employee count rebounds, but retention remains a challenge: While total employee count has recovered to pre-pandemic levels, operators continue to face difficulties retaining staff despite the overall increase. Wages continue to climb: Average hourly earnings are on the rise due to increasing minimum wages, and this trend is expected to continue in 2024, particularly with California's recent minimum wage hike taking effect in Q1. Commodity inflation persists: The commodity market remains inflationary, impacting both operators and consumers, with minimal price relief observed in Q4.

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

🚀 Revolution in the restaurant industry!     R3STO, a start-up based in Lausanne, Switzerland, announces today its intention to raise funds to support its international expansion. Built on an ambitious vision to revolutionize reservation management in the restaurant industry, R3STO offers an innovative solution aimed at simplifying and automating this critical process for restaurateurs worldwide.     Reservation management in restaurants is often laborious, requiring careful coordination and effective communication between staff and customers. However, with the R3STO system, based on an advanced algorithm, this task becomes more intuitive, thus saving valuable time and improving the overall customer experience.     Didier Frédéric Bonny, CEO of R3STO, has led the team in developing this revolutionary solution. His expertise in technology and passion for innovation has led to the creation of a system that transforms how restaurants manage their daily operations.     To finance this expansion, R3STO is seeking to raise $200,000 in its seed funding phase. These funds are essential to support the continuous development of the system and to increase the company's reach in the global market. With a dynamic sales team, R3STO is well positioned to capitalize on the growing interest of restaurateurs in this innovative solution. 

🚀 Exciting News 🚀 At USA Restaurant Suppliers, we are committed to nurturing the culinary scene and helping restaurants thrive. To support this mission, we are thrilled to announce that we are helping reallocate $160 million in funding to support the growth of restaurants across the United States! 🌟 What's the Deal? We are partnering with a innovative hospitality/tech company to provide upfront capital to growing restaurants, which in turn offer credit at their establishments for customers to enjoy. This innovative approach ensures that while we help you grow, your customers also get to benefit directly and support your journey. 🍽️ Why Join This Program? This program is designed to fuel your growth and give your patrons another great reason to walk through your doors. It's not just funding; it's an investment in the future of your restaurant and a chance to enhance your customer's experience. 🔗 How to Get Involved Getting started is simple. Reach out to us here on LinkedIn or give us a call at (888) 307-5030! We're here to discuss how this opportunity can fit into your growth plans and answer any questions you have. 💡 Remember, at USA Restaurant Suppliers, your success is the ingredient to our mission. Let's make culinary dreams a reality together! #RestaurantGrowth #BusinessFunding #CulinarySuccess #USARestaurantSuppliers Kinslee Zielinski Devon Z. Louis Cantu Jessica Conn Nadia S. Bruno Jamil Codner Joshua Prunty Dylan Cummins Polly Kyle Shelby Ferguson Taylor Bridgers Joni Matzinger

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 revenue managers, we’re often expected to adopt a Total Revenue Management (TRM) approach, optimizing revenue across all streams, not just rooms. However, we frequently encounter departments—like food & beverage, spa, or events—operating in silos, making collaboration and cohesive strategy difficult. Has anyone experienced this challenge? What strategies have you found effective in breaking down these silos and fostering a more integrated approach to total revenue management? #RevenueManagement #HospitalityIndustry #HotelRevenue #PricingStrategy #HotelManagement #YieldManagement #LuxuryHotels