While the hospitality landscape continues to be fraught with challenges related to inflation and soaring costs, consumer confidence and supply chain disruption, our latest insights uncover that the workforce is showing signs of positive development.
Hospitality Headcount Hits Two Year High – but Leaver Rate Remains Major Cause for Concern
Hospitality Headcount Hits Two Year High – but Leaver Rate Remains Major Cause for Concern
Hospitality staffing numbers are nearing pre-pandemic levels, but a series of factors such as increasing rates of pay, high staff turnover, and the changing make-up of the workforce, are piling pressure on employers.
Hospitality Food Costs Soar Up To 40% As Supply Chain Fragility Hits Hard
Hospitality Food Costs Soar Up To 40% As Supply Chain Fragility Hits Hard
Spiralling costs and major disruption to the supply chain are having a drastic impact on hospitality operators’ food and drinks bills – and profits – according to latest data. A new report from Fourth, the leading global software provider for the hospitality and leisure industries, shines a light on how global events, including the fallout from the pandemic and the war in Ukraine, has created unprecedented supply chain issues.
Spiraling costs and prices are seemingly impacting every market and industry right now; however, the hospitality sector, and its supply chain, seems to be one of the hardest-hit.
99% Of Retail Leaders Say Talent Shortages Are Still A ‘Worry’ For Their Business
99% Of Retail Leaders Say Talent Shortages Are Still A ‘Worry’ For Their Business
Almost all UK retail leaders (99%) are worried about talent shortages in their business, with larger retailers most likely to have concerns, according to market research by the leading global software provider for the retail and hospitality sectors, Fourth.
Cost of Living: Supporting your retail workforce as the crisis deepens
Cost of Living: Supporting your retail workforce as the crisis deepens
The retail industry has experienced a period of instability, navigating talent shortages as a result of Brexit and the pandemic. Now, new challenges have emerged, with the rising cost of living creating challenges for consumers and retailers alike.
Throughout the years, the iconic Four Seasons Hotel, Park Lane, London, operated with a traditional labour model, hiring core team members on 40 hours contracts to ensure maximum coverage to deliver the five star experiences their guests had come to expect.
The Peabody Memphis Adopts Fourth’s Procurement and Inventory Management Solution to Control Costs
The Peabody Memphis Adopts Fourth’s Procurement and Inventory Management Solution to Control Costs
Peabody Hotels & Resorts, a full-service hospitality company that directs the operations of high-quality hotels through elevated standards of operations and service delivery, today announced it has partnered with Fourth, a leading provider of workforce and inventory for the hospitality, restaurant and retail industries, to supply critical support to its signature Memphis location, The Peabody Memphis.