To stay competitive, hotels are leveraging their food and beverage facilities to drive innovation and expand their services. This involves embracing eco-friendly innovations, integrating advanced technologies to streamline operations, and empowering staff through comprehensive training programs.
To meet the evolving needs of customers and improve efficiency, restaurant owners should invest in new technology to stay current with industry trends.
India's Coffee Market was valued at USD 478 Million in 2022 and is expected to reach USD 1,227.47 Million by 2032 at a CAGR of 9.87% during the forecast period 2024-2033.
Furthermore, it is crucial for restaurant managers and general managers to operate these outlets as independent profit and loss (P&L) entities, separate from the hotel’s finances.
Increasingly, consumers are gravitating towards specialty and premium coffee offerings, driven by a desire for unique flavors, higher quality, and experiential consumption.
Michelin's selective geographic expansion is influenced by its commercial interests and market dynamics, which currently exclude India from its prestigious dining guides.
Financial predictions are equally bleak. Analysts from the London Stock Exchange Group anticipate a sharp decline in net income for the March quarter, with projections showing a reduction of 54 percent to 97 percent for key companies like Devyani and Sapphire.