Trending...
- IQSTEL Surges Toward $400M Run Rate with $101.5M in Revenue—Reinforces Billion-Dollar Vision Backed by Fintech, AI, and Cybersecurity
- Alpha Modus Files 7th IP Action Against Rackspace Following $3M CEO Investment and Strategic Partnership Expansion
- Common Mistakes to Avoid When Making a Public Liability Claim
- Y the Wait introduces digital waiter as a new-normal to convert restaurants into smart restaurants without any investment
- The company calls on restaurant owners to stop paying up to 30% commissions to other delivery companies and let their staff working by starting DIY delivery
- The company calls on restaurant owners to stop paying up to 30% commissions to other delivery companies and let their staff working by starting DIY delivery
AMSTERDAM & NEW YORK & LONDON - AussieJournal -- Information flux from all around the world regarding the restaurant industry is mainly focused primarily on one concern, i.e., its survival. Restaurant owners are scrambling to stay alive right now. In many states, dining rooms are closed, and restaurants can provide meals only through takeout or delivery. So, restaurant owners are partnering with third-party delivery partners to avoid devaluing their business and remain operational in these difficult times. Contrarily, the delivery partners continue to follow controversial practices of charging high-commissions. It is a known statistic that a successful restaurant earns an average profit of 33% only after taking out all the expenses, including wages, rent, taxes, and much more. So, paying up to 30% commission to the delivery partners is ultimately thinning their overall profits, i.e., not enough for survival.
More on Aussie Journal
Therefore, the industry is facing an apparent struggle and needs to pivot to a to-go-only model right now; however, is there any actual support available?
Y the Wait is helping the hospitality industry to thrive during these tough times by waiving off their entire service fee till 1st July. Restaurant partners can start contactless dine-in, delivery, and takeaway instantly and start serving their customers staying at home.
"The entire hospitality industry has to come out of this dire situation together as a community, and that is why the company is not willing to profit on the cost of the losses of our restaurant partners," said Mr. Simranjit Singh Grewal, CEO, Y the Wait.
More on Aussie Journal
There are already thousands of restaurants partnering up from all over the world with Y the Wait. For instance, the company has quickened its onboarding process for new sign-ups and following all the measures to alleviate the woes of restaurant operators.
Despite the most profitable solution being right in front of their eyes, the hospitality industry is still crying out loud for a savior. The question that arises now is, why are people so closed-minded to old thinking and old ways.
More on Aussie Journal
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Support & Connect Launches Counselling and SLES Programs to Bridge Youth Service Gaps
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
Therefore, the industry is facing an apparent struggle and needs to pivot to a to-go-only model right now; however, is there any actual support available?
Y the Wait is helping the hospitality industry to thrive during these tough times by waiving off their entire service fee till 1st July. Restaurant partners can start contactless dine-in, delivery, and takeaway instantly and start serving their customers staying at home.
"The entire hospitality industry has to come out of this dire situation together as a community, and that is why the company is not willing to profit on the cost of the losses of our restaurant partners," said Mr. Simranjit Singh Grewal, CEO, Y the Wait.
More on Aussie Journal
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
There are already thousands of restaurants partnering up from all over the world with Y the Wait. For instance, the company has quickened its onboarding process for new sign-ups and following all the measures to alleviate the woes of restaurant operators.
Despite the most profitable solution being right in front of their eyes, the hospitality industry is still crying out loud for a savior. The question that arises now is, why are people so closed-minded to old thinking and old ways.
Source: Y the Wait
0 Comments
Latest on Aussie Journal
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Inner Canvas Counselling Launches New Online Platform for Empowering Mental Wellness
- Common Mistakes to Avoid When Making a Public Liability Claim
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- Endoacustica Europe Unveils iPhone 13 Pro Max Spy Phone—Pure Hardware, Zero Software Changes
- Suzanne Harp named Managing Director in Texas, USA
- $10 Million Acquisition of GXR World Sports Assets Energizes Global Launch of Sports.com Super App by Online Lottery-Sports Game Provider: Lottery.com
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made
- Investor Spotlight: Cycurion, Inc. (N A S D A Q: CYCU) Secures $69M in Contracts Amid Surging Demand for AI-Powered Cybersecurity Solutions
- $328 Million Global Stroke Rehab Market Opportunity Awaits AI Telehealth Leader Following Selection for NIH Funded Phase 3 Clinical Study: VSee Health
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
- VoodooSoft Unveils SiriusLLM: The World's First ChatGPT-Like AI Malware Detection Engine
- This Ain't Press. This Is Pressure — Star Command by RansomXX is Out Now
- An Exclusive VIP Reception Honoring Vocal Prodigy Alliana Lili Yang's Remarkable Achievements and Magazine Cover Spotlight
- Joyce Carol Oates Returns to Hard Case Crime With DOUBLE TROUBLE
- New AI Academy Helps Therapists Embrace Tech Without Losing Their Humanity