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Full-Text Articles in Business
Multi-Unit Efficiency Assessment And Multidimensional Polygon Analysis In A Small, Full-Service Restaurant Chain, Thomas Maier, Reynolds Dennis, Jennifer Sandstrom
Multi-Unit Efficiency Assessment And Multidimensional Polygon Analysis In A Small, Full-Service Restaurant Chain, Thomas Maier, Reynolds Dennis, Jennifer Sandstrom
ICHRIE Research Reports
Purpose: Restaurant revenue management practices and profit optimization techniques are evolving into more complex data analysis processes. The “big data” revolution has created a wealth of information on revenue, pricing, key operational performance indicators, and various productivity/efficiency variables. Advanced research analysis that can identify these key factors across multiple operating units may be useful to restaurant managers unaccustomed to data analytics or those seeking a deeper understanding of unit-level business performance. The overarching goal of this study was to utilize mixed research methods across conceptually dissimilar units of a multi-unit chain restaurant, enabling researchers to build on the resulting outcomes …
Extreme Minimum Wages: Effects On The U.S. Hotel Industry, John O'Neill, Sean P. Mcginley
Extreme Minimum Wages: Effects On The U.S. Hotel Industry, John O'Neill, Sean P. Mcginley
ICHRIE Research Reports
The subject report analyzes literature regarding minimum wages to explore the potential effects of what could be described as extreme increases in the minimum wage on the American hotel industry. The current presidential administration as well as several large municipalities are actively seeking, or recently passed laws that increase the minimum wage by an extreme amount. The subject report quantifies the forecasted effect on the U.S. hotel industry. The study concludes that the hotel industry in the U.S. would have a negative economic impact estimated at $2.53 billion if the current national minimum wage proposal is approved.Min