Hotels
9 Tips for Becoming an Environmentally Green Restaurant

Sustainability is a big issue for modern consumers — they want to know their money is going to responsible businesses. In fact, 70% of Millennials and Gen Z consumers are willing to pay more for sustainable products. Modern diners are increasingly motivated to order from sustainable restaurants.

The shift toward eco-friendly and socially conscious practices creates an opportunity for restaurant owners. If you can show a commitment to sustainable operations, you can win customer confidence and create a lasting legacy.

So how can your restaurant go green? Keep reading to find out.

What are sustainable restaurants?

Sustainable restaurants embrace practices that benefit the environment and society while maintaining economic viability. The goal is to create a business model that can be sustained over time without creating a negative impact.

As you can imagine, full sustainability is challenging to achieve. The goal isn’t perfection — if the majority of restaurants make small adjustments, the collective effort has the potential to create powerful, long-lasting change. Restaurant owners are getting on board; according to a 2022 Datassential report, 70% are prioritizing sustainability. Even so, just 41% of restaurants feel their business model is truly sustainable.

Some of the factors that make a restaurant sustainable include:

  • Reducing food waste
  • Sourcing from suppliers with sustainable practices
  • Minimizing wasted water and energy
  • Embracing recycling and composting
  • Cutting back on carbon emissions for delivery and food transportation

Why restaurant sustainability is more important than ever

Restaurant sustainability benefits the planet and society as a whole; it could also affect the success of your business. It’s a top priority for food-service businesses and suppliers, especially those with a younger customer base. According to the Pew Research Center, 67% of millennials and 67% of Gen Z believe the climate is a top priority. Because these two generations include 140.79 million people, it’s important to consider their preferences.

Consumers are serious about purchasing from companies with sustainable practices. A McKinsey study found that businesses with strong environmental, social and governance (ESG) practices are growing faster than their less-sustainable counterparts. In this environment, restaurants that are committed to going green and reducing waste may gain a competitive advantage. When given the choice, socially and environmentally conscious diners are more likely to choose a sustainable restaurant over the alternative.

It’s no longer enough to make vague eco-friendly statements. Research shows that 88% of Gen Z customers have a low level of trust in commercial ESG claims. They’re also experts in ferreting out the truth and calling out performative actions. As you build sustainable practices and hire new chefs, make sure they stand up to intense scrutiny; that way, you can avoid bad PR and win the loyalty of young customers.

Tips for sustainable restaurants

Most restaurants have room for improvement when it comes to sustainability. Beyond the obvious options, such as reducing energy use and saving water, there are several industry-specific actions you can take.

Food waste reduction

Food waste is one of the most important issues facing the restaurant industry. The food that’s sent to a landfill each year has significant consequences for the environment and the national food supply — and your bottom line. Adjusting your operations to reduce waste can cut your average food costs by 4% to 10% and reduce your cost of goods sold (COGS) by an average of 4 cents on every dollar.

Some ways to reduce restaurant food waste and increase restaurant sustainability include:

  • Redesigning your inventory management system to reduce spoilage
  • Ordering according to actual restaurant data
  • Donating food to local non-profits
  • Composting food scraps
  • Serving smaller portions

Don’t be afraid to publicize your efforts on social media, customers are paying attention. In 2022, one report found that consumer awareness of food waste had increased by 39% in just 3 years. When you’re open about the process, it can help customers feel good about dining at your restaurant.

Sustainable food sourcing

The sustainability of your restaurant isn’t limited to internal practices — your supply chain matters, too. Take time to evaluate each supplier to find out if they’re implementing sustainable methods. Any time you add a new vendor, make sure to choose from companies with socially and environmentally safe business models.

Due diligence is especially important when you’re selecting food suppliers; farming and animal husbandry have a big impact on the environment. Keep an eye out for sustainable agriculture practices such as:

  • Minimized use of pesticides
  • Crop rotation that supports healthy soil and prevents erosion
  • Intelligent water management
  • Integrated livestock and crop management
  • Fair labor practices

Another solution is to source food locally. When your ingredients have fewer miles to travel, they use less energy. And because local farmers don’t need to consider long transit times, they can harvest food later and provide fresher, more flavorful items. In contrast, the food that’s shipped from far away is often cooked with gas or chemicals.

Local sourcing does more than increase food quality at sustainable restaurants; it builds a stronger sense of community. Customers appreciate the chance to keep their money in the local economy and support small businesses they recognize. As a bonus, incorporating locally grown ingredients into a rotating seasonal menu can boost your bottom line. A regular lineup of new dishes gives diners a reason to keep coming back.

Eco-friendly packaging

Each year, Americans send more than 82.2 million pounds of municipal solid waste to landfills. About 28.1% of that waste consists of containers and packaging materials, according to the EPA.

If your restaurant offers takeout and delivery, you can make a difference by switching to sustainable to-go containers. Avoid plastic and Styrofoam; they can take up to 500 years to decompose. Plastic containers often end up in the ocean, where they pollute the water and break down into small pieces that harm sea life. According to National Geographic, the oceans already contain 5.25 trillion pieces of plastic.

Sustainable packaging is biodegradable, which means it breaks down naturally and blends safely back into the ecosystem. Compostable containers are a good solution. Some are made with sustainably farmed sugarcane or bamboo. If you’re concerned about leaks, you can find paper containers lined with a plant-based starch resin. Although these containers still make it to landfills, they break down much faster than traditional options.

What is the Green Restaurant Association?

If you’re looking to help reduce food waste and incorporate sustainable practices, the Green Restaurant Association (GRA) is a good resource. This organization, which has been leading the charge for restaurant sustainability since 1990, is committed to driving change in the industry. It provides educational materials and access to a network of vetted sustainable distributors and products to help you build a better supply chain. The GRA also offers a sustainability certification program; once you become a Certified Green restaurant, the team can help you promote the credential.

The Green Star, which is a MICHELIN initiative, is a different type of distinction. It’s awarded to restaurants that are excelling in the area of ​​sustainability. A Green Star is another vote of confidence for consumers.

Sustainability is a critical issue in the restaurant industry, and it’s likely to become more important in the coming years. By taking action now to improve your practices, you can establish a solid foundation for long-term success. At Grubhub, sustainability remains a priority. With the #CutOutCutlery campaign, diners must opt-in to get single-use plastic utensils, reducing the amount of unnecessary waste generated from each order. Ready to reach more customers and share your restaurant’s mission? Partner with Grubhub today.

Hotels
Insider Selling: Sotherly Hotels Inc. (NASDAQ:SOHO) Chairman Sells $39,600.00 in Stock

Sotherly Hotels Inc. (NASDAQ:SOHO – Get Rating) Chairman Andrew Sims sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $1.98, for a total transaction of $39,600.00. Following the completion of the sale, the chairman now owns 1,500 shares of the company’s stock, valued at approximately $2,970. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sotherly Hotels Stock Performance

Shares of SOHO opened at $2.00 on Friday. The company has a debt-to-equity ratio of 6.27, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $38.38 million, a P/E ratio of 1.43 and a beta of 1.69. The company’s fifty day moving average is $2.20 and its two-hundred day moving average is $2.05. Sotherly Hotels Inc. has a 1 year low of $1.48 and a 1 year high of $3.11.

Hedge Funds Weigh In On Sotherly Hotels

Several institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its stake in shares of Sotherly Hotels by 32.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,108,044 shares of the real estate investment trust’s stock worth $2,083,000 after purchasing an additional 273,747 shares during the period. JW Cole Advisors Inc. grew its stake in shares of Sotherly Hotels by 65.6% during the 3rd quarter. JW Cole Advisors Inc. now owns 49,750 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 19,700 shares during the period. Seneca House Advisors acquired a new position in shares of Sotherly Hotels during the 3rd quarter worth $68,000. Jane Street Group LLC grew its stake in shares of Sotherly Hotels by 218.4% during the 4th quarter. Jane Street Group LLC now owns 35,030 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 24,028 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Sotherly Hotels during the 1st quarter worth $55,000. 21.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Want More Great Investment Ideas?

Several analysts recently commented on SOHO shares. TheStreet upgraded shares of Sotherly Hotels from a “d” rating to a “c” rating in a research report on Friday, March 3rd. StockNews.com started coverage on shares of Sotherly Hotels in a research report on Wednesday. They issued a “hold” rating for the company.

Sotherly Hotels Company Profile

(Get Rating)

Sotherly Hotels, Inc. is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

Further Reading

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Hotels
How women owned restaurants are shaking up the industry

There are thousands of restaurants across the country cooking up breakfast bites, lunch break essentials, late night cravings and everything in between. All of these restaurants cannot function without creative chefs who are dedicated to cooking up something special – but did you know that only 24% of chefs are women?

Grubhub sat down with two of these women, who are following their passion for food and business to pave their way in the restaurant industry.

Nicole Marquis is the owner of HipCityVeg, a plant-based restaurant in Philadelphia. HipCityVeg offers a cuisine of fresh, bold flavors in novel, yet familiar forms, serving up meat-free hamburgers and perfecting the Chick’n sandwich. Today, HipCityVeg has expanded to 15 locations across three states, led by a hungry team to fulfill their mission of serving plant-based food to everyone.

Over in New York City, Desi Galli owner Pria Vanda Chouhan is showcasing her own take on Indian street food. Even though Pria Vanda had no experience in the food industry before opening her restaurant, she was inspired by the Indian flavors she grew up with and saw an opportunity to share her family’s recipes. Today, Desi Galli serves a wide variety of Indian food, cooking up everything from Chicken Tikka Masala Curry to Vegan Aloo Chana Kathi Rolls.

Breaking into the restaurant industry as a female entrepreneur

Nicole and PriaVanda have both grown their restaurants into community staples, expanding their brands to reach more hungry customers. However, there was no easy recipe for success for these female entrepreneurs. That was something they had to cook up on their own.

Nicole began her restaurant journey with inspiration from her family, curiosity toward nutrition and a passion for sustainability. Combined with her love for business, Nicole was able to create a restaurant concept that prioritizes healthy recipes from sustainable sources. Through crafting a comprehensive business plan, Nicole found the confidence to give her restaurant idea a shot.

“90% of what I was doing when I first started I didn’t know,” Nicole admits. “I had to learn from experience. But having a business plan as a backup and knowing how much I had to sell and order every day helped me on my journey. Plan and prepare. You will give yourself confidence with that.”

As her restaurant grows, Nicole finds comfort in her mission.

Nicole Marquis is the owner of HipCityVeg

Having a mission that’s greater than just numbers is really important. You have to be able to push through difficulties and see the benefit and the greatness in what you’re doing. That comes from your mission.

Nicole Marquis, Owner of HipCityVeg

PriaVanda’s journey into the restaurant industry was also learning from doing. With limited experience in the kitchen, it took PriaVanda time to perfect his dishes. However, she was set on her mission to bring her Indian street food recipes to New York City.

“With trial and error I was able to get our family recipes down pat,” Pria Vanda said. “I was onto something that New York wasn’t offering a decade ago. We found our niche.”

Fostering a positive environment for restaurant employees

Nicole and PriaVanda understand the importance of having a dedicated restaurant team that is passionate about their work day in and day out. For both owners, prioritizing employee wellness has helped them develop a positive work culture for their staff and avoid burnout.

“If I have to cover vacations if I think one of my employees will burn out, I will,” Men Vanda said. “When we started out, we were a team of three. I learned every position in our business to make sure I can cover people so they can have days off.”

Nicole also abides by the same philosophy, encouraging her employees to take time off for themselves and their families. Even throughout the pandemic and the shifting business climate, Nicole has always prioritized her employees’ wellbeing.

“What’s been so helpful for us is communication,” Nicole said. “Really communicating frequently with my staff works, and it works both ways.”

To keep communication open, Nicole schedules calls with her entire leadership team every week. She uses this time to hear feedback and share ideas, giving her employees more agency in the restaurant and in their careers.

“A service business is all about the people,” Nicole said. “Investing in them is essential.”

Forging a path in the restaurant industry

Both restaurant owners have faced challenges as women forging a path in a male-dominated industry. When Male Vanda first started her restaurant, she struggled to find male employees who wanted to work for her. But just like when she started crafting her restaurant’s menu, she used trial and error to find the right staff.

“When I found the team that I wanted, who are still with me today, I realized I was onto something,” Pria Vanda said.

The challenges didn’t stop there. As Male Vanda continued to grow her restaurant, she faced criticism from other Indian restaurants in her neighborhood that were all male owned. Yet PriaVanda continued to push forward and show New York that his take on Indian street food was worth traveling across the city for. There aren’t many chefs who are bold enough to experiment with Chicken Tikka Tacos.

Desi Galli owner Male Vanda Chouhan

I found my niche, and I was making my mark in the city. That’s how I earned respect. Making a superior product in my niche.

MaleVanda Chouhan, Owner of Desi Galli

“When [male restaurant owners] saw I had a line out the door, they approached me,” PriVanda said. “I found my niche, and I was making my mark in the city. That’s how I earned their respect. Making a superior product in my niche.”

Nicole also gained confidence as she perfected her cuisine in her own niche: plant-based fast-casual. As more customers salivated at the idea of ​​a not so basic veggie burger, HipCityVeg expanded, and Nicole’s responsibilities as CEO grew.

“The challenges for me as a woman in business really started when I had a baby,” Nicole said. “Businesses aren’t always built around families. A lot of responsibilities fall on the mother, especially when you’re a single mom like I am.”

But Nicole was not deterred. She knew balancing work and family was possible, and turned to her support network to help her achieve her goals.

“I believe I am more of an effective CEO now that I’m a mother,” Nicole said. “People will expect you to work the same way you did when you were not a mom. But I’ve learned it’s okay to compartmentalize to balance both.”

Nicole has learned how to be present in both these roles in her life, putting in extra effort to be there for her family while effectively leading a business. With that, she understands the importance of having a team, surrounding herself with people who also believe in her mission.

“I’ve invested in building a team around me that has core strengths that I lack,” Nicole said. “Having a team also means that I’m not afraid to ask for help. I know that we are stronger together.”

Continuing to lead the way for women owned restaurants

Today, Men Vanda and Nicole are trailblazing as women in business. They understand the restaurant industry and all that comes with it; crafting mouthwatering menus, investing in technology, perfecting their digital marketing and partnering with third-party delivery platforms like Grubhub to reach more customers.

Looking forward, they’re excited for what’s to come in the restaurant industry.

“I think 2023 is going to be our best year yet,” PriaVanda said. “Things are changing for Indian cuisine, especially street food. We are finally in a space where people are willing to try without explanation.”

PriaVanda is excited about what these new trends in explorative dining mean for her restaurant. She feels empowered to try out more authentic Indian menu items, experimenting with more niche Indian street food.

Nicole is also looking into the future of her restaurant with optimism. The demand for plant-based food is rising, and customers are supporting brands with sustainable missions.

“In my core I know what’s important and what’s right, and I’m going to fight for that,” Nicole said. “And from that higher purpose comes motivation and innovation. There’s so much more in store for fast-casual plant-based restaurants.”

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Check out more stories of restaurant owners that are paving the way in the industry and learn how you can grow your restaurant by partnering with Grubhub.