Job Growth in 2011

The hospitality Industry is leading the job growth in Ohio this year.  Ohio’s unemployment rate was 7.7 percent in January, down from 7.9 percent in December, according to data released by the Ohio Department of Job and Family Services.  Service-providing industries increased 25,200 over the month to 4,291,100. The most significant increases were posted in leisure and hospitality, which added 6,800.

The number of workers unemployed in Ohio in January was 447,000, down from 458,000 in December. The number of unemployed has decreased by 79,000 in the past 12 months from 526,000. Continue reading “Job Growth in 2011” »

Pinnacle Hospitality Systems Featured

Pinnacle Hospitality Systems was featured in the Ohio Restaurant Association News on February 1, 2012.  Pinnacle is the premier POSitouch provider for the foodservice markets in Ohio, Florida and Alabama. As a leader in the point of sale systems, Pinnacle understands the many pieces that fit into the profitability puzzle in a restaurant.  Pinnacle understands the value of POSitouch system over the traditional point of sale systems.

Pinnacle looks out for restaurateurs’ needs and offers products that aim to protect restaurateurs’ profits. One of the primary modules for its software is an Enterprise Package called iControl Enterprise Solution. iControl’s smart software integrates seamlessly with a restaurant’s POSitouch POS system to deliver up-to-date, relevant business information that keeps hospitality-based businesses on track and on budget. Continue reading “Pinnacle Hospitality Systems Featured” »

Pinnacle President Attends Thought Leadership Summit

This weekend, Pinnacle Hospitality Systems President Don Potter is attending the Retail Solutions Providers Association’s Annual Thought Leadership Summit, “INSPIRE2012”. Every winter this conference is located in a tropical get-a-away and this year’s destination happened to be in the enchanting country of Costa Rica at the Los Suenos Marriott Ocean and Golf Resort. INSPIRE is attended to offer executive level education and first class networking to fellow industry leaders. This conference is a little bit different than your usual hotel ballroom with motivational speakers; it offers a unique experience of exciting excursions and adventure that may only be experienced once-in-a-lifetime.

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Quick-Serve Restaurant Stocks Beat the Rest of the Restaurant Industry in 2011

Quick-serve restaurant stocks beat the rest of the restaurant industry in 2011.

The quick-serve industry as a whole saw a rise in stock values as it our-performed the rest of the restaurant industry. The S&P 500’s restaurant sub-index consists of five restaurant stocks, Chipotle Mexican Grill Inc., McDonald’s Corp., Starbucks Corp., and Yum! Brands Inc., as well as one full-service restaurant company Darden Restaurants Inc. The sub-index rose 29.9 percent last year. The group’s only company to drop in price last year was the full-service restaurant company Darden.

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Want to Redo Your Menu? Just Blame the Federal Menu-Labeling Law

This year the federal menu-labeling law will go into effect; requiring restaurants with 20 or more locations to provide calorie count and nutritional information on menus and menuboards. While some restaurant owners are in panic over the pending implications, others are seeing this as a good opportunity to reevaluate their menu strategy and menuboard design.

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Restaurants Mark Strongest Net Positive Sales Since 2007

This just out from the National Restaurant Association’s Restaurant Performance Index (RPI): Restaurants mark strongest net positive sales since 2007.

The RPI is a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry. It consists of two components, the Current Situation Index and the Expectations Index. The RPI measures the health of the restaurant industry in relation to a state level of 100. If the index is above 100, key industry indicators are in a period of expansion. If the index values lower than 100, this signifies a period of contraction in key industry indicators.

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