As Generation Z enters adulthood, many hotels have begun exploring ways to reach this young demographic. The hotel industry faces some unique challenges when it comes to appealing to their next generation of customers. The amenities and brand consistency that older...
Gluten-free offerings have increased in demand in recent years. Some consumers have embraced gluten-free or gluten-reduced diets because they believe it’s beneficial to their health. However, there is a segment of the population that suffers from a serious autoimmune...
How profitable is your catering business? Some caterers experience a pretax profit of over 25%, while others are barely able to show a profit. The average pretax profit for caterers is between 7% and 8%. Having an accurate, up-to-date picture of how your catering company is performing financially is crucial.
Owners and operators are hampered by being “small fish” in a big purchasing pond, lacking the collective buying clout required to be able to negotiate the best prices. They’re discovering that “do-it-yourself” procurement is not as simple as they had hoped and are now realizing that they don’t have to do it alone.
With new restaurants, more menu choices for in-room dining, high-end buffets, and new gaming table snacks casino operators must be smart about food and beverage purchasing. Many casino operators are opting to work with purchasing partners to help them lower food costs and generate additional revenue.
In the hospitality industry, whether you are running a hotel with food and beverage services or a managing full service restaurant or managing a catering company, pricing food is always the key to profits and it’s more important than ever before.