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5 Things QSR Brands Can Expect in 2024
 Key takeaways As dining trends for the new year are revealed, Revenue Management Solutions (RMS) is focused on how and where quick-service restaurant (QSR) operators and brands can boost...
How to Navigate Minimum Wage Increases: A Guide For Restaurants
Come Jan. 1, 2024, no fewer than 22 states will raise their minimum wage. Among them, California is notable for a couple of reasons: After three years of industry-wide price increases (up 40% since...
Winning Strategies For QSR Success in 2024 – Part Two
In the dynamic world of quick-service restaurants (QSRs), navigating the unique challenges of 2024 demands will require more than just business as usual. As noted in part one of our series, Mark...
Winning Strategies For QSR Success in 2024 – Part One
As the quick-service restaurant (QSR) landscape evolves in 2024, operators face unprecedented challenges and opportunities. Standard indices tend to support claims that restaurant customers have...
Which Conjoint Analysis is Right for Your Restaurant Brand – Choice-Based or Menu-Based?
Conjoint analysis is a commonly used market research technique that helps businesses determine how consumers value different attributes of a product or service. For restaurant brands, conjoint...
How to Conduct a Conjoint Analysis for Your Restaurant Brand
As a restaurant operator, you are always on the lookout for ways to improve your business. One way to do this is through the use of market research techniques, such as conjoint analysis. What is...
College Clash: The Chicken Wing Price Battle
Fall signals the return of college football, captivating fans across the U.S. with the electrifying atmosphere of in-state rivalries. College football rivalries are about more than just on-field...
How Restaurant Brands Can Help Franchisees Embrace Cutting-Edge Technology
Unlocking the potential for growth in any brand requires a harmonious relationship between corporate and its franchisees. One key strategy for growth is the integration of cutting-edge technology, a...
Unlocking QSR Success in 2024: Insights from Post-pandemic Data
As we began 2023, much of the restaurant industry believed customers had returned to pre-pandemic dining behavior. Standard indices supported the claims – month-over-month and year-over-year,...
Q2 2023 Consumer Survey Unveils Restaurant Spending Trends
Restaurant consumers are aligning their desire to eat out with the realities of inflation, according to Revenue Management Solutions’ most recent report — and for better and worse, the check...
Unlocking the Power of Financial Data in Restaurants: Strategies for Maximizing Profitability
In a Bain & Company longitudinal study (1993-2017), 80% of top executives ranked benchmarking as one of the most desirable management tools. Yet less than half were satisfied with their ability...
Boost Your Restaurant’s Bottom Line with Strategic Menu Design
In our current environment, guest behavior (backed by sales and traffic data) tells a clear story: “Guests are eating out less often and spend less money.” Have restaurant brands hit the pricing...
Staying Ahead: The Power of Competitor Insights for Restaurants
No matter the economic environment, for restaurant operators, one question persists: “How are my competitors pricing their menu items?” In the past, the answer required benchmarking indexes, such...
Top Takeaways from the 2023 National Restaurant Association Show
As always, the National Restaurant Association Show was not to be missed, and Revenue Management Solutions (RMS) was there, along with 55,000 other attendees and more than 2,100 exhibitors. Whether...
AI and Machine Learning: The Secret Ingredients for Thriving QSRs – Part 2
In today’s fast-paced world, quick-service restaurants (QSRs) are constantly seeking innovative ways to enhance their customers’ experiences while optimizing operational efficiency. In...
AI and Machine Learning: The Secret Ingredients for Thriving QSRs – Part 1
Artificial intelligence (AI) and machine learning (ML) aren’t new, but they’re suddenly having a moment. ChatGPT is everywhere you look, frightening some and emboldening others. Will the...
How to Make Better Use of Your Franchise Financial Data
If you’re one of the franchisors who is unable to reconcile your franchisees’ financial statements, first, know you are not alone. This is a challenge we at Revenue Management Solutions (RMS)...
Loyalty Programs: 6 Valuable Benefits For QSRs
Compared to this past year, April 2023 traffic for quick-service restaurants (QSRs) decreased while pricing increased. Not the ideal direction for either metric, whether you’re an operator or...
Q1 Restaurant Consumer Insights: Higher-Income Households Are Spending Less on Eating Out
In early March 2023, Revenue Management Solutions (RMS) surveyed more than 800 restaurantgoers across the US to find out more about their usage, including frequency and formats. While insightful, it...
[INFOGRAPHIC] What Every QSR Operator Should Know About Their Customers in 2023
In today’s competitive market, Quick-Service restaurants (QSR) operators need actionable insights that: Identifying their most valuable customers, understanding their needs, personalizing...