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The Top 5 Bar and Restaurant Trends 2023

Sculpture Hospitality

Throw into the mix rising wages, skyrocketing food prices, staffing shortages, inflation and a difficult economy and the hospitality industry is no doubt set for a difficult year. Inventory management is a critical aspect of running a successful restaurant or bar business, but strategies are constantly evolving.

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How AI Alleviates Restaurant Pain Points

Modern Restaurant Management

Since the pandemic, restaurants have endured a plethora of issues ranging from fluctuating dining restrictions to supply chain issues to rising food prices. Recent research has proven the industry is still struggling to rebound on staffing, reporting a woeful 500K fewer employees than before the pandemic.

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Recipe for Success – How Technology Is Revolutionizing the Restaurant Industry

Modern Restaurant Management

Despite rising ingredient costs and staffing shortages, more than half of the 8,000 restaurant operators and owners polled globally in Lightspeed’s State of the UK Hospitality Industry , agreed that adopting new technology over the past two years has been critical to their success. This was however, until COVID-19 changed everything.

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Tech Investments That Will Help Restaurant Operators Grow Their Business

Modern Restaurant Management

Operators planning for growth are looking into new technology solutions that will help them get where they want to be, while also facing continuing challenges such as high food prices, staffing levels and increased competition.

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Orchestrating Restaurant Operations to Increase CX

Modern Restaurant Management

Own Your Changes In March 2023, restaurants’ food prices were 8.8 When adding in the rising cost to attract and retain labor, it’s understandable that restaurants might raise prices to stay afloat. App adoption and changing customer behavior are hard enough to entice. percent higher than in March 2022.

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Automation Can Help with Restaurant Staffing Shortages

Modern Restaurant Management

Simultaneously, staffing is an urgent and ongoing front-of-house concern. To solve staffing problems and save money, restaurant owners have to find more ways to increase automation. By embracing automation, restaurants can not only solve staffing issues but widen margins and vastly improve overall operations.

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Is There a Right Way to Raise Prices?

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked restaurant industry insiders for their insights on whether there is an effective way to raise menu prices, any alternative and how can you do so without alienating guests. To do this, restaurants will either need to use lower cost food items or raise menu prices.

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