Cafébec’s Post

Whether you're running a humble snack bar or a prestigious 5-star restaurant, efficient procurement is key to any hospitality business 🔑 In our latest article, we explore 6 straightforward steps in hospitality procurement to help you ensure long-term success and exceed guest expectations ✨ Read the full article here for more insights 👇 EN article: https://hubs.li/Q02HnS9p0 DE article: https://hubs.li/Q02HnW_n0

Are you a hotel GM with a restaurant on your property? Do you find yourself constantly struggling to meet the sales targets set by your owners? As a proven operator with experience managing restaurants in over 30 locations around the world, I have seen how challenging it can be to run a successful hotel restaurant. However, I also know that with the right expertise and guidance, your restaurant can become a profitable asset for your hotel. That's why I am offering my services to help you achieve the results you desire. In this post, I will share with you the reasons. 1. Extensive Industry Experience With over 4 decades of experience in the hospitality industry, I have a deep understanding of the restaurant business. I have worked in various roles, from managing small cafes to overseeing large restaurant chains. This experience has given me valuable insights into the operations of a successful restaurant, and I am now ready to use this knowledge to benefit your business. 2. Proven Track Record Throughout my career, I have successfully turned around struggling restaurants and helped them achieve their sales targets. 3. Well-Versed in Industry Trends The hospitality industry is constantly evolving, and it is crucial to keep up with the latest trends to stay ahead of the competition. 4. Effective Cost Management Managing costs is a critical aspect of running a profitable restaurant. 5. Understanding of Local Markets A crucial factor in the success of a hotel restaurant is its ability to cater to the local market. With my experience in managing restaurants in various locations worldwide, I have developed a keen understanding of local markets, consumer preferences, and cultural nuances. 6. Marketing Strategies That Work! Effective marketing is crucial for any business, and the restaurant industry is no exception. With my experience, I have developed effective marketing strategies that can help your restaurant reach a wider audience and increase brand awareness. 7. Menu Development Expertise The menu is the heart of any restaurant, and it is essential to have a well-crafted menu that appeals to your target customers. 8. Customer Service Training Having a good customer service team is crucial in ensuring the success of a restaurant. My experience in managing diverse teams has given me the necessary skills to train and develop your staff to deliver exceptional customer service. 9. Passion and Dedication Finally, one of the most important qualities I bring to the table is my passion and dedication for the hospitality industry. I am committed to helping my clients achieve their goals and am willing to go above and beyond to ensure their success. In conclusion, why wait? Take the first step towards success by reaching out to me, and let's work together to make your restaurant a profitable asset for your hotel.

Following the recent announcement by Harwood Hospitality Group, plans for new restaurants within the grand Harwood No. 14 tower form the nucleus of their ambitious growth strategy. • The unveiling denotes an intensifying momentum in the flourishing Harwood District, on the brink of Uptown and Victory Park. Looking ahead based on these developments, it seems increasingly clear that Harwood Hospitality Group is paving its journey to becoming an instrumental part of the city's dining scene. • This rise is not merely adding more variety to the city’s gastronomy mosaic, but is evidently weaving new patterns of commerce and sociability within the blossoming district. Considering the venue – the magnificent Harwood No. 14 tower – the locations are set to offer not only a delectable culinary experience but also a splendid view that seamlessly merges urban aesthetics with unparalleled hospitality. • We could predict these restaurants to positively affect the gastronomy sector and adopt a new trend of dine-with-view establishments in the city. From an analytical viewpoint, these developments come as no surprise. Spatially, the city has seen a consistent growth proclivity towards cutting-edge towers, particularly in the vicinity of Uptown and Victory Park: • With this light, the addition of new restaurants within Harwood No.14 plays once again into the trend of fusion between hospitality and exclusive locations. Conclusively, the forthcoming restaurants promise to enhance the city’s dining landscape, while the Harwood Hospitality Group solidifies its presence as an industry trendsetter. • Yet, it will be intriguing to witness how these establishments will manage competitive pressures and thrive amidst the city's fiercely diverse hospitality sector. Collectively, it is safe to predict that these establishments will positively transform the districts' gastronomy scene and potentially influence future restaurant trends. • Markedly, the Harwood Hospitality Group's stride predicts the unfolding tapestry of an evolving hospitality industry where innovative ideas meet sustainable growth. As watchful observers, we remain eager to chart the milestones of Harwood Hospitality Group's journey and the jaunty growth narrative of the Harwood District.

Still wondering how to navigate the challenges of hospitality in 2024? 🙃 We know the last few years have been tough for the restaurant industry, with pandemic closures, staff shortages, global conflicts, and rising prices. In this article, we'll shift our focus to the future and examine the challenges that lie ahead for the restaurant industry, their impact on your customers, and strategies for overcoming them 💡 For more insights, see our article below  📖 English article: https://lnkd.in/dbfhuNyG 📖 German article: https://lnkd.in/dBwrDvkm

FORTY-ONE NORTH believes in the power of partnerships as a key element to success and excellence. In our continued endeavor to find only the best resources to help our clients unlock their competitive potential, we are extremely pleased to announce the beginning of another new and exciting partnership, this time with GoTab, Inc. By offering a comprehensive suite of POS solutions and seamless integrations with popular property management systems (PMS), guests can now indulge in the full range of your property's offerings, allowing hotels to enhance experiences, unlock new revenue streams, and optimize food and beverage operations. GoTab provides the flexibility to support all service modes, from in-room services to poolside drinks, rooftop parties to traditional restaurant dining. With GoTab, you'll effortlessly set a new standard for the modern hotel guest experience. This dynamic partnership with FORTY-ONE NORTH is designed to propel Food and Beverage operations into the future, ensuring that hotels, resorts, and any type of dining venues can meet the demands of the modern traveler like never before. By joining forces with GoTab, FORTY-ONE NORTH aims to deliver exceptional and personalized guidance, unmatched support to help you optimize your business performance, drive superior results, and unlock your competitive potential while strengthening our positioning as the business improvement company of choice for the hospitality investor and operator.    Please check www.forty-onenorth.com for additional information and don’t forget to follow us here on LinkedIn for more updates. #thepowerofpartnerships #partnersforsuccess #partnershipsmatter #partnershipannouncement #businesspartnership #solutionsforsuccess #unlockingpotential #competitiveadvantage #businesssuccess #partnersforbetterfuture

Consumers are increasingly looking for a traditional hospitality experience, but with a modern twist. According to the 2024 National Restaurant Association State of the Industry report, customers want the best of both worlds: excellent service, paired with fast and usable technology. It's important to note that technology is not meant to replace the human touch, but rather enhance it. As we move forward, it's clear that the restaurant industry needs to strike a balance between the two in order to meet consumer demands. What are your thoughts?

Exploring the Australian Hospitality Industry: Trends & Opportunities in 2023 As we navigate through 2023, the Australian hospitality industry presents a unique blend of challenges and opportunities. I recently came across an insightful article on ResDiary that delves deep into this subject, https://lnkd.in/gGkTyMFe, providing valuable data and trends for restaurant managers and industry professionals. 📈 Key Insights: Set Menus Take Center Stage: In response to the cost-of-living crisis, diners are becoming more conscious of their spending. This has led to a rise in the popularity of set menus, which offer value and creativity. Longer dining times are also trending, indicating a preference for relaxed, leisurely meals. Decline in Cancellations: A remarkable 60% decrease in booking cancellations was observed in 2022, reflecting a more committed dining audience. This shift is crucial for better operational planning and management in the industry. Online Bookings on the Upswing: With 30.1% of bookings made online in 2022, the importance of a strong online presence and ease of booking cannot be overstated. The trend is only expected to grow, highlighting the shift towards digital solutions. Rise of Smaller Venues: Independent and family-owned restaurants are capturing a significant market share, indicating a thriving space for unique dining experiences. Diverse Culinary Preferences: Australian diners are increasingly adventurous, showing a keen interest in a variety of cuisines. This diversity is a positive sign of a dynamic and robust market. Solo Dining Gains Acceptance: Solo dining is no longer taboo, with a noticeable increase in bookings for one. This change opens up new opportunities for restaurants to cater to solo diners. Embracing Technology: The shift from traditional booking methods to online platforms is accelerating. Embracing technology early is key to staying competitive in this digital era. 🌟 The Bottom Line: The Australian hospitality industry is evolving rapidly, shaped by changing consumer behaviors and technological advancements. These trends provide a roadmap for navigating the industry's landscape in 2023, offering both challenges and opportunities for growth. 💬 Let's discuss: How are these trends influencing your strategies in the hospitality sector? Are there any other trends you've observed that are shaping the industry? #HospitalityIndustry #AustralianHospitality #IndustryTrends #DigitalTransformation #RestaurantManagement #HospitalityTrends

HoReCa Market Trends Assessment and Descriptive Analysis 2030 To Get More: https://lnkd.in/diRZuVxK The HoReCa Market, short for Hotel, Restaurant, and Catering, is a dynamic sector that plays a pivotal role in the hospitality and foodservice industry. It encompasses a wide range of businesses, including hotels, restaurants, cafes, bars, catering companies, and other establishments that provide food and beverage services to customers. Key factors driving the growth of the HoReCa Market include changing consumer preferences, urbanization, increasing disposable incomes, and the rise of tourism and travel activities worldwide. Businesses operating in the HoReCa sector focus on delivering exceptional dining experiences, quality food and beverage offerings, and personalized services to meet the diverse needs and preferences of their clientele. They often collaborate with suppliers, distributors, and other stakeholders to source high-quality ingredients, equipment, and amenities essential for delivering top-notch hospitality services. In the HoReCa Market, hashtags like #HospitalityIndustry, #FoodService, and #CustomerExperience resonate with stakeholders seeking to enhance service quality and cater to evolving consumer demands. HoReCa Market Key Players: 1. Chick-fil-A Corporate Support Center 2. Domino's Pizza 3. Hilton Worldwide Holdings Inc. 4. Hyatt Hotels Corporation 5. Inspire #HoReCaMarket #HospitalityIndustry #FoodService #CustomerExperience #DiningExperiences #QualityCuisine #CulinaryDelights #HospitalityTrends #FoodandBeverage #HospitalityBusinesses

The Strategic Pour: How a Comp Drink Tab Benefits Lounges and Bars In the competitive world of hospitality, creating a loyal customer base is paramount. One effective strategy that stands out is the implementation of a comp drink tab. Allocating 20% of register sales to complimentary beverages may seem generous, but it’s a calculated move that can yield substantial returns. Cultivating Loyalty Firstly, a comp drink tab fosters a sense of appreciation and loyalty among patrons. It’s a gesture that says, “We value your presence.” This emotional investment translates into repeat visits and word-of-mouth promotion, which are invaluable to any establishment. Tax Advantages From a financial standpoint, the benefits are twofold. Not only do you create goodwill, but you also stand to gain more in tax deductions than the actual cost of the items given away. This can lead to a healthier bottom line, as the cost of complimentary items is often less than their perceived value. Supporting Your Team Moreover, a comp drink tab is a way to give back to the servers and bartenders who are the face of your business. It allows them to offer a drink on the house to family, friends, and regulars, empowering them to act as ambassadors for your brand. Ensuring a Vibrant Atmosphere On slower nights, the ability to offer a comp drink can be the difference between an empty bar and a lively one. A vibrant atmosphere attracts passersby and can turn a slow evening into a profitable one. Operational Insights Lastly, a comp drink tab provides valuable data. It helps track spills, waste, and other areas that need attention, offering insights into operational efficiencies. In conclusion, a comp drink tab is not just a cost—it’s an investment in your business’s future. It’s a strategic tool that can enhance customer experience, provide tax benefits, support your staff, ensure a lively atmosphere, and offer operational insights. For lounges and bars looking to make a mark, it’s a pour that pays off. For more information in the restaurant hospitality industry or for consultation, -Scott Chenow www.fxillusioneering.com

#formula #used #hotelier #hospitality #foodcost #roomrevenue #calculation #calculate #howto The hospitality industry involves various aspects, including hotels, restaurants, and event management, each with its own set of formulas and calculations. Here are some common formulas used in the hospitality industry: Occupancy Rate: Formula: (Number of Occupied Rooms / Total Number of Available Rooms) x 100 This formula calculates the percentage of rooms that are currently occupied in a hotel. Average Daily Rate (ADR): Formula: Total Room Revenue / Number of Rooms Sold ADR represents the average price at which rooms are sold in a hotel. Revenue Per Available Room (RevPAR): Formula: Total Room Revenue / Total Number of Available Rooms RevPAR measures the hotel's revenue-generating efficiency per available room. Food Cost Percentage: Formula: (Cost of Food Sold / Food Sales) x 100 This formula helps restaurants determine the percentage of food costs relative to their food sales. Beverage Cost Percentage: Formula: (Cost of Beverages Sold / Beverage Sales) x 100 Similar to food cost percentage, this calculates the percentage of beverage costs compared to beverage sales in a restaurant or bar. Table Turnover Rate: Formula: Number of Tables Turned / Number of Tables This formula is used in restaurants to measure how efficiently tables are being utilized. Gross Profit Margin: Formula: (Total Revenue - Total Costs) / Total Revenue x 100 Gross profit margin measures the profitability of an establishment, taking into account all costs. Labor Cost Percentage: Formula: (Total Labor Costs / Total Revenue) x 100 This formula helps determine the percentage of total revenue spent on labor expenses. Break-Even Point: Formula: Fixed Costs / (Sales Price per Unit - Variable Cost per Unit) This formula helps determine the level of sales needed to cover all fixed and variable costs. Cost per Plate: Formula: Total Cost of a Meal / Number of Plates Served This formula is used in catering and banquet operations to determine the cost per plate for events. Profit Margin: Formula: (Net Profit / Total Revenue) x 100 Profit margin measures the percentage of total revenue that represents the profit. Average Check: Formula: Total Sales / Number of Transactions This formula calculates the average amount spent per guest in a restaurant. Inventory Turnover Rate: Formula: Cost of Goods Sold (COGS) / Average Inventory Value This formula helps assess how quickly inventory is sold and replaced. These formulas play a crucial role in managing costs, pricing strategies, and overall profitability in the hospitality industry. Depending on the specific sector (e.g., hotel management, restaurant, catering), additional industry-specific formulas may also be used for financial analysis and decision-making.