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 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Audio Podcast Links: Spotify: https://open.spotify.com/show/0QSepx7a9NnMM8MTqDppWi Apple Podcast: https://podcasts.apple.com/us/podcast/the-restaurant-growth-show-podcast/id1646107178 Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9iMTM3MjgzMC9wb2RjYXN0L3Jzcw Amazon: https://music.amazon.com/podcasts/0087e671-d9c9-4c45-a430-51b1305b2994 RSS: https://anchor.fm/s/b1372830/podcast/rss Leave your suggestions for new topics in the comments! We read every single one. 🙂 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ CONNECT WITH US ON SOCIAL MEDIA LinkedIn: https://www.linkedin.com/company/dynpricing-technologies/mycompany/ Facebook: https://www.facebook.com/groups/therestaurantgrowthshow/ Instagram: https://www.instagram.com/dynpricing/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👋 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 #restauranttechnology #dynamicpricingforrestaurants #dynamicpricing #dynpricing

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