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Hotel financial statements: What are they and how to read them

SiteMinder

Marketing & pricing: Analysing financial statements can indicate whether your hotel’s marketing and pricing strategies are bringing in enough revenue, and whether you need to adjust your approach. This can be helpful for: Setting prices for your rooms or services (to maintain a healthy profit margin). Accounts receivable.

Pricing 72
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Five Things Every Restaurant Can Do to Boost Profits While Reopening

Modern Restaurant Management

Taking the example of dishes with a high ‘perceived value’, such as proteins, desserts and drinks, can allow for higher prices and better the bottom line. Third, menus should take into account changing customer bases. CoGS for the period is $2000. At the end of the week, you had inventory worth $4,000.

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In conversation with the founder of a&o Hostels

Hotel Owner

In 2000, I met a guy who was willing to invest in this idea, and together, we opened the first hostel, which had 64 beds in total. Our expectation is that we can achieve that by keeping our prices low and not increasing like everyone is increasing at the moment. By continuing this way, that will probably bring us to under 25kg.

Training 105
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The Stages of Gentrification, as Told by Restaurant Openings

EATER

Community activists were able to resist these efforts through the early 1990s, but by the 2000s, political leaders, including the community’s alderman, invited pricey new development into the neighborhood, paving the way for rapid change. Between 2000 and 2010, the Latinx population declined 26 percent.

Pricing 145
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STAAH New Integrations 2023

STAAH

AltoVita’s award-winning technology creates a cloud-based bridge between the highly fragmented property distribution system and Global 2000 companies. It offers a wide range of travel services to its partners, enabling them to serve their customers efficiently, with the right pricing and inventory.

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Why Are the World’s Greatest Mangoes Almost Impossible to Buy in the U.S.?

EATER

I pulled the car around and watched a massive garage door open to reveal my prize: a stack of mango boxes on a dolly cart, this batch with a going price of about $8 per fruit. Here, their popularity is only growing: Americans nearly doubled their mango consumption between 2000 and 2018. Apparently this wasn’t a first for him.

Marketing 145
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MRM Research Roundup: Mid-January 2020 Edition

Modern Restaurant Management

This segment is also driven by expense account users that continue to entertain their clients as a key business strategy. ” The survey was conducted among 2000 18 to 45-year-olds across the UK. Nearly 50 percent would purchase healthy food items from a vending machine if readily available.

Marketing 110