Soaring inflation has been a challenge for everyone in 2022 and restaurateurs are no exception. One saving grace has been restaurant loyalty program members. They have responded immensely by supporting their favorite brands. As prices have gone up, many loyalty program customers have been increasing their spend, with 55% of restaurants reporting that their check sizes have increased more than the price of their items, however, it’s not all rainbows and lollipops. There appears to be a point at which loyalty customers will no longer tolerate price increases. According to a report released earlier this month, once prices increase more than 10%, check sizes drop drastically--showing that even the most loyal customers have their limits. Welcome to the Restaurant Growth Show Podcast. Today we brought in Loyalty expert, Sam Sorbara from Ackroo to pull back the curtain on loyalty programs, their real-world applications, and the effect they have on inflation. I’m excited, the team here is ecstatic. It's the World Cup edition This is episode 11 Visit https://ackroo.com/ for more details on how to implement Gift Cards and Loyalty programs at your business. Visit https://moduurn.com/ or email [email protected] to learn more about the package deal to offer online ordering and loyalty all in one at your business! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Audio Podcast Links: Anchor: https://anchor.fm/therestaurantgrowth... Spotify: http://surl.li/dnosm Apple Podcast: http://surl.li/dnosc Google: http://surl.li/dnosg Leave your suggestions for new topics in the comments! We read every single one. 🙂 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ LINKS & RESOURCES 👉 Benefits of online ordering: https://moduurn.com/9-reasons-why-onl... 👉 Create a food ordering system with Moduurn: https://get.moduurn.com/meetings/moduurn.com/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ CONNECT WITH US ON SOCIAL MEDIA LinkedIn: https://www.linkedin.com/company/modu... Facebook: https://www.facebook.com/moduurnInstagram: https://www.instagram.com/moduurnTikTok: https://www.tiktok.com/@moduurnTwitter: https://twitter.com/moduurn ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👋 ABOUT Moduurn Hi, we're Moduurn, a full-featured online ordering platform for restaurants. Reach more customers and increase check size by accepting orders online. No commission, no contracts. Check us out: https://moduurn.com/ #restauranttechnology #onlineorderingforrestaurants #onlineordering #moduurn

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related