Fri.May 03, 2024

Remove special-events-marketing
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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

As we waited for the promised wave of demand to arrive, we realized we had misjudged the market’s profile. Firstly, our city is a drive-in market; guests don’t stay for three nights for special events. With a special holiday discount in place, we achieved over 90% occupancy during my first two years there.

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More Mocktails on the Menu

Modern Restaurant Management

In fact, the market for non-alcoholic alternatives has seen consistent double-digit growth over the last five years and exceeded half a billion dollars in 2023, according to NielsenIQ. Keeping health and wellness top of mind, consumers are increasingly choosing mocktails and other non-alcoholic drinks at restaurants and at home.