New York City is known for its iconic restaurants and vibrant nightlife, but the two don’t always overlap. This month, the NYC Hospitality Alliance met with Mayor Adams and the Office of Nightlife to discuss issues facing the hospitality industry.
Author Archives: Mitchell Nance
02
Jul
Jul
Restaurant reservation scalping, where third-party platforms use bots to snatch reservations at popular restaurants and resell them for a profit, has been hurting restaurants, workers, and consumers alike.
26
Jun
Jun
Your restaurant’s profit and loss (P&L) statement is more than just a financial record; it’s an essential tool that guides strategic decision-making.
26
Jun
Jun
Partnering with specialized hospitality finance accountants like Paperchase gives your business insight into these KPIs so you can run your restaurant with ease.
26
Jun
Jun
Paperchase’s hospitality accountants deliver valuable, detailed reporting, on a weekly and monthly basis to guide operational efficiency, and guide operations to achieve key performance metric goals like COGS.
21
Jun
Jun
Sustainable accounting lets restaurants and other businesses assess their impact on the economy, society, and environment.
14
Jun
Jun
In the ever-evolving restaurant industry, one thing remains constant: exceptional service is the cornerstone of profitability.
13
Jun
Jun
In today’s culinary landscape, managing costs while maintaining quality is paramount for the success of any restaurant or food establishments. One effective strategy that savvy chefs and restaurateurs employ is seasonal menu planning.
10
Jun
Jun
Have you pondered about your favorite bars and nightclubs’ taxes? These sites are enjoyable and provide additional activities. However, they offer a bustling nightlife and pleasure, with severe tax restrictions.
06
Jun
Jun
Early 2024 saw a significant shift in the Middle Eastern hospitality industry, with a surge in the focus on coffee. Changing consumer tastes, and a turn towards Western culture due to an influx
of tourists, have caused coffee shops to pop up all over the region. While partially concentrated in areas with a high presence of trade offices and employment centers, the caffeinated bean shows no signs of slowing down.
15
May
May
Every restaurant owner strives to create a winning formula. The perfect blend of ambiance, service, and food, but there’s a hidden ingredient. Often misused, your wine list has the power to enhance the dining experience, entice customers to explore new flavors, and ultimately, boost your bottom line.
06
May
May
Being in the restaurant business seems very easy because it involves dealing with customers all day and letting them have the best meal of their day.
10
Apr
Apr
Flashing lights, disco balls, and good times. Running a nightclub is a great way for a business owner to develop a brand and create a highly stylized establishment.
12
Mar
Mar
In the fast-paced world of restaurant management, keeping a tight grip on finances is crucial for
success.
01
Mar
Mar
Accounting is the engine of a restaurant and good financial and record-keeping organization are what keep it running.