In this episode, industry expert and Canada's top food service influencer, Jay Ashton, breaks down the complexities and opportunities of dynamic pricing in the food service industry.
Ashton emphasizes communication, transparency, wise adoption of technology and embracing changes to improve customer experience while ensuring profitability. He encourages restaurateurs to be authentic, innovative and purpose-driven in implementing pricing strategies that could prove key to their success.
Tune in to gain valuable insights into catering to evolving consumer behaviors, leveraging AI and historical patterns, and the importance of profit margins. Ashton’s perspective paves the way for meaningful discussions around the future of restaurant pricing.
01:43 Discussion on Dynamic Pricing in Hospitality
01:59 Insights on Dynamic Pricing Adoption
03:50 Historical Perspective on Pricing and Menus
05:17 Menu Optimization and Pricing Strategies
11:48 Challenges of Print Menus and Pricing
14:49 Balancing Dynamic Pricing with Customer Experience
20:32 Communicating Dynamic Pricing to Customers
22:57 Jay Ashton Contact Information and Closing Remarks
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Spotify: https://open.spotify.com/show/0QSepx7a9NnMM8MTqDppWi
Apple Podcast: https://podcasts.apple.com/us/podcast/the-restaurant-growth-show-podcast/id1646107178
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RSS: https://anchor.fm/s/b1372830/podcast/rss
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👋 ABOUT Dynpricing Technologies
Hi, we're Dynpricing Technologies, the dynamic pricing solution tailored for restaurants. Optimize your menu pricing to maximize profitability and cater to diverse clientele.
Check us out: https://dynpricing.ai
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