5 Things Every Hospitality Business Operator Should Consider in the Tax Reform Law

The tax reform bill President Trump signed into law on December 22, 2017 contains many changes that will have a profound impact on both individual and corporate taxes. Though sweeping individual tax changes are not the subject of this article, some of them include: Top to bottom reductions in tax rates Doubling of the standard deduction for both married and single ...[Read More]
By Tony Perricelli on April 23, 2018

Guest Satisfaction Increases With Restaurant Comp Sales

At the individual market level, Los Angeles emerged as the most positive during March based on the net sentiment scores for food and intent to return. Markets in Florida have typically been the most positive in several guest sentiment attributes. However, out of all Florida markets, only Orlando topped the list for one attribute during March. Guests in Orlando were the ...[Read More]

By TDn2K on April 18, 2018

Restaurant Industry Posts Second Consecutive Quarter of Positive Sales Growth

  Restaurant Industry Posts Second Consecutive Quarter of Positive Sales Growth   Restaurant sales rebounded in March, fueling optimism for improved results for the industry. In March, same-store sales growth was 0.8 percent, the second-best month for restaurant industry sales growth over the last two years. The industry has now experienced positive same...[Read More]
By TDn2K on April 12, 2018

How to Build Strong Relationships With Your Employees

It’s estimated that US companies spent $7 billion on employee engagement tech solutions in 2017. That doesn’t include money spent on effort, training and other initiatives. Meanwhile, Gallup reports that trust in our institutions is at an all-time low. We know that we build trust person-by-person, and one interaction at a time. How do we reset the button on our relatio...[Read More]
By Liz D'Aloia on April 6, 2018

Why Social Data Matters to Your Operations Director

Social media may be a marketer’s best friend, but it can also be a secret weapon for your operations team. Social media listening can reveal important strengths and weaknesses of your business - strengths and weaknesses that your whole team can then leverage into enhanced performance and a versatile strategy that your COO will approve of. For restaurants especiall...[Read More]
By TDn2K on March 29, 2018

Remind Yourself to Roar

Courage. A feeling that inspires strength in the face of pain. An ability to stand up when it is easier to stand down. A commodity that a cowardly lion sings about before reveling in his newfound belonging. Regardless of the definition, life requires courage, and I believe that the many women and men that attended the Women’s Foodservice Forum Annual Leadership D...[Read More]
By Catherine Kaucic on March 21, 2018

Positive Intent to Return Scores Bring Optimism to Restaurant Industry

During February, Orlando had the highest net sentiment for the food and value attributes. Guests in Los Angeles were the most positive about restaurant ambiance and beverages. Meanwhile, Houston achieved the highest scores for intent to return. What do these three markets have in common? From the group of 25 largest DMAs in the country, Orlando, Los Angeles and Houston ...[Read More]

By TDn2K on March 15, 2018

A Comprehensive Guide to Restaurant Employee Benefits

Employee expenses are on the rise. Coupled with the declining sales growth across the restaurant industry, this is something many restaurant operators simply cannot afford. However, there is one thing more costly than employee expenses. People Report™ data reports that the cost of turnover is now over $2,000 for hourly employees and over $15,000 for management employ...[Read More]
By TDn2K on March 14, 2018

Leadership in the Human Economy

We live in a world of interconnection. We may live a continent away from an event, but we can pass judgment on it over social media instantly. During the 2018 Global Best Practices Conference, LRN Advisory Leader Michael Eichenwald shared how our leaders are constantly challenged to balance the needs of their organization and past practices against emerging social just...[Read More]
By Liz D'Aloia on March 9, 2018

Upward Momentum Stalls as Restaurant Sales Slide in February

  Upward Momentum Stalls as Restaurant Sales Slide in February   Restaurant same-store sales growth saw another disappointing month in February. The last two months have reversed the positive momentum we experienced in the fourth quarter of 2017 and have revived concerns that the industry may not yet be positioned for sustained growth. Same-store sales d...[Read More]
By TDn2K on March 8, 2018

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