Restaurant Revenue Management
Prices are a critical component of any business, including restaurants. It involves determining what customers will pay for the products and services offered. Improving prices is a powerful way of improving financial and business performance.
A.S. Hospitality Consulting Group offers a revolutionary, quantitative approach to pricing, which allows restaurants to manage the value of their brand over the long term and at a granular level.
Our consultants use sophisticated statistical methods to analyse patterns of demand and market elasticity and to determine specific commercial relationships between products.
With this analytical process, A.S. Hospitality Consulting Group develops pricing strategies, based on brand-specific demand, that are actionable and highly effective. We also offer a comprehensive restaurant revenue management system, which includes menu development and design, recipe development, menu item placement and price evaluation systems.
Our clients have an average gross profit gain of 2% of sales with no deterioration in transactions, customer traffic or perceived value.