Opening a restaurant was easy. But it turned into a tough business. Gone are the days of rookies or lazy dogs. Only experts will survive. Restauranteurs need to show their know-how, as a result this will change the way how restaurants operate: Double seating, pre-payment, now shows, fixed service charges or reservation slots.
No show fees
If you book your seat in a restaurant you need to pay a fee if you make a cancellation or do not show up. Some ask for credit card details to charge you automatically. The discussion is on.
Flexible pricing
Restaurants are fully booked on a Friday and Saturday night and often empty on Tuesday and Wednesday. Poor business owner, right? No, you just need to be clever and brave and adopt pricing structure of travel industry. Check the flight fares on peak days and hours and compare to poor periods. Notice something? Why not taking the same menu and increase the price on a weekend and reward guest that book on a Tuesday, paying less.
Pay for best seat prime time
At fancy venues waiting lines are increasing and the chance to get in is rare. Some apps close that gap and allow patrons to get a table if they pay prior to even checking the menu. If you want that table you will pay for it, will you? This is another revenue stream that helps to get rid of no shows and late cancelations.
