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Dynamic pricing is the practice of having prices that vary by demand or even customer type. We’re used to it when it comes to airlines and ridesharing. But what about restaurants?
If bargain hunters skimp on the add-ons, the business may have to eat a loss. For Red Lobster, it was $11 million last quarter.
People are eating earlier everywhere, according to data from Yelp. Lifestyle changes are part of the reason.
Food delivery operations were activated as eateries and grocery stores emptied. But with restrictions lifted, those changes are fading.
It’s the latest step in rebuilding the city’s decimated restaurant business. Will it be too little too late?
"We have to adapt every single thing we do," one eatery owner says.
Restaurants and food companies can change the way you think their food tastes, and it has nothing to do with the recipe.
The restaurant industry is getting hit hard by diners who have lots of good reasons to eat at home.
Paul Freedman on his new book, "Ten Restaurants That Changed America."
It turns out diners like being able to reward staff themselves.