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Revenue Management

349 posts

Hotel revenue management news: pricing, distribution and strategies to optimise hotel performance and RevPAR.

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  • 1 min

Ramps, a special springtime treat

  • NRN staff Datassential.
  • 7 January 2025
🌱 Ramps, or wild leeks, with a garlicky-onion flavor, are available from late March to early May and have become a culinary highlight signaling spring in restaurants. Their popularity on U.S. menus has increased by 32% over four years, now appearing on 0.8% of menus, particularly at fine-dining and independent establishments. This trend is driven by the demand for local and seasonal ingredients, with Gen Z and Millennials as the main consumers.
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  • 2 min

Stickers stick the landing in restaurant marketing

  • saladplate
  • 6 January 2025
👤 Dutch Bros Inc. has a Facebook page with over 60,000 followers for sticker drops. 📅 Since 1999, stickers have been a key part of Dutch Bros' marketing, with designs becoming collectors' items. 📍 Dutch Bros, headquartered in Grants Pass, Ore., operates 950 locations across 18 states as of September 30. 📊 Customers collect stickers from Dutch Bros shops on the first Wednesday of each month and through the Dutch Rewards program on their app.
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  • 4 min

Why Berg Hospitality Group partnered with Carvel for its new restaurant Buttermilk Baby

  • Linnea Covington
  • 17 December 2024
🍦 In September, Berg Hospitality Group in Houston collaborated with Carvel, known for 330 ice cream parlors. Their new venture, Buttermilk Baby, is a casual soda shop offering fried chicken sandwiches, burgers, alcoholic milkshakes, and Carvel treats like Fudgie the Whale. Aiming for 10 locations in five years, they plan to open next in Sugarland, Texas. Owner Benjamin Berg intends to combine chef-driven food with a laid-back atmosphere, targeting both kids and adults.
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  • 3 min

Midweek dining heats up at full-service restaurants

  • Alicia Kelso
  • 17 December 2024
🍴 In the Stephens Annual Investment Conference in November, One Restaurant Group CEO Emanual "Manny" Hilario observed Thursdays to Saturdays becoming "dead days" for dining, with a shift to earlier in the week. San Francisco restaurants noted similar trends. During BJ’s Restaurants Q3 earnings call in late October, a rise in weekday traffic was reported. Placer.ai data showed an 11.3% increase in foot traffic at Dave & Buster’s on Thursdays in Q3 compared to the previous year. Promotions like BJ’s Pizookie Meal Deal and Dave & Buster’s Wednesday discounts are being used to boost midweek visits. OpenTable data revealed an 11% increase in Wednesday dining year-over-year, with 43% of Americans planning to dine out then. Toast's Restaurant Trends Report indicated an uptick in Monday to Wednesday reservations, with Monday (+11%), Tuesday (+11%), and Wednesday (+8%) in Q3 2024 compared to Q3 2023. However, Saturday remains the busiest day at 27%. Placer.ai also found a shift towards non-traditional dining days since 2019, with Monday visits growing from 10.2% to 10.7% in 2024, Friday visits declining from 17.6% to 17.1%, and Wednesday visits increasing from 11.1% to 11.4%. Furthermore, OpenTable data showed a 10% increase in solo
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  • 1 min

Char Siu, a sweet and savory pork dish

  • NRN staff Datassential.
  • 17 December 2024
🍝 Char siu, Cantonese barbecued pork, is gaining popularity in US restaurants due to increased interest in Asian flavors. Chefs are incorporating char siu in various dishes, elevating it with premium meats and modern styles. It appeals to those seeking globally inspired comfort foods, with 14% of American consumers having tried it. Its presence on menus has expanded by 29% in the last four years, with a projected growth of 30% in the next four. Notably featured in restaurants in Las Vegas and Honolulu.
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REPORT: Restaurants Gift Card Sales Peaked Early on Thanksgiving Weekend

  • Tony Loeb
  • 15 December 2024
🎁 Starbird, a super-premium fast food concept, partners with Mehta Investment Group for a franchise development agreement to open 17 new locations in Washington state by 2025—15 in Seattle, 2 in Spokane. This follows Starbird's first expansion outside California, with seven locations planned for Denver through Whiplash Holdings. Starbird boasts an Average Unit Volume (AUV) of $4.1 million. Franchise candidates require a net worth of $3 million, liquid capital of $1 million, with investments ranging from $1,138,074 to $1,588,963.
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  • 2 min

Restaurants closed the inflation gap with grocery stores in November

  • Alicia Kelso
  • 12 December 2024
📈 The Consumer Price Index rose 0.3% in November, now 2.7% higher than November 2023. Menu prices increased by 3.6% compared to last year, with limited-service meals up 3.7% and full-service meals at 3.6%. Grocery/supermarket inflation grew 1.6% year-over-year, marking the 20th consecutive month it lagged behind restaurant price increases. Egg prices surged over 40% month-over-month due to avian flu. Overall food prices jumped 9.9% since 2022, the fastest annual increase since 1979.
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  • 2 min

The Restaurant Hospitality holiday party, Yelpers’ favorite restaurant, and a brasserie at Grand Central

  • Bret Thorn Patricia Cobe
  • 10 December 2024
🍴 Bret Thorn, Senior Food & Beverage Editor at Nation’s Restaurant News since 1999, also joined Restaurant Hospitality in 2016. He wrote The New York Sun's Kitchen Dish column from 2005-2008 and was based in Thailand writing for Manager magazine and Asia Times from 1992-1997. Thorn graduated magna cum laude from Tufts University in 1990 and studied at Le Cordon Bleu in 1986. Won the 2006 Jesse H. Neal National Business Journalism Award, inducted into Disciples d’Escoffier in 2014, and authored entries in the Oxford Encyclopedia (2012) and Oxford Companion (2015). He's based in Brooklyn, NY.
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  • 2 min

Christmas Karaage & Champagne in NIJU

  • Sophie Weir
  • 10 December 2024
🎄 NIJU, a Japanese "home-cooking" restaurant in Mayfair, offers Christmas and New Year’s Eve menus with a Japanese twist. Throughout December, guests get free Japanese fried chicken (karaage) with two glasses of Champagne. The New Year's Eve menu features dishes like A4 Wagyu beef tartare and has two seatings at 5.30pm (£175pp) and 8pm (£225pp). The Christmas menu, available in the private dining room throughout December, costs £200 per person. Offers include live entertainment, DJs, and optional drinks pairings.
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  • 1 min

13 conversations with restaurant culinary experts

  • RH Staff
  • 9 December 2024
🍽 In April 2024, Restaurant Hospitality and Restaurant Business introduced "Menu Talk," a podcast featuring editors Bret Thorn and Pat Cobe. Over 40 chef interviews have been recorded in 2024, with guests ranging from Portillo’s to chef Michael Mina. The "Extra Serving" podcast by Nation’s Restaurant News also continued monthly. Thirteen top chef conversations from 2024 are highlighted, with more to come in 2025. Listeners are encouraged to subscribe to both podcasts.
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