Modern Restaurant Management

MARCH 1, 2023

So, which back of office trends should restaurant ownership and management be concerned with heading into 2023? Here are some back of office trends to watch for in 2023. Keep an eye on this trend, as it may have a direct impact on how your employees are compensated in 2023 and beyond.

Back of House 169

Back of House Front of House Accounting Budgeting 169

Hospitality Net

JANUARY 28, 2024

The popularity of nature getaways is also apparent through Airbnb’s top Instagram posts of 2023, featuring stays immersed in lush woodland and situated on stunning coastlines.

Accounting 108

Accounting Book 108

SiteMinder

MAY 12, 2023

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

Accounting 52

Accounting Maintenance Document Pricing 52

eHotelier

DECEMBER 8, 2022

Every successful F&B program should take into account major dietary trends and societal shifts, rather than just allergies and intolerances.

Accounting 264

Accounting Menu Planning 264

Boutique Hotel News

DECEMBER 20, 2022

BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. Payments will also form a major part of a hotelier’s CRM strategy moving forwards, especially taking into account the shift to eCommerce. Technology adoption in 2023 will set innovative hoteliers apart from the competition.”.

Concierge 312

Concierge Book Marketing Information 312

Lodging Magazine

APRIL 6, 2023

hotel industry has made many strides since the beginning of the COVID-19 pandemic, and 2023 has been off to a strong start. At the beginning of the year, STR reported that revenues and profits reached highest-ever levels during 2022, and CBRE increased its hotel performance forecast to account for expected GDP growth during the coming year.

Accounting 105

Accounting Magazine Hospitality Management 105

Hotel Owner

APRIL 15, 2024

Hotel insolvencies have increased by 19% in the last year, from 127 hotel companies in 2022/23 to 151 in 2023/24, as operation costs have continued to rise, UHY Hacker Young has revealed. Meanwhile, room occupancy among hotels with less than 25 rooms has continued to fall from 69% in February 2023 to 64% in February 2024.

Travel and Tourism 52

Travel and Tourism Accounting Pricing 52

Hotel Business

JANUARY 29, 2024

According to the year-end Lodging Econometrics (LE) Construction Pipeline Trend Report for Canada, the country ended 2023 at 294 projects/38,396 rooms, a mere 11 projects short of the country’s peak of 305 projects achieved in Q4 2019. Canada had 25 new hotels with 3,278 rooms open in 2023.

Accounting 64

Accounting Scheduling 64

Modern Restaurant Management

APRIL 10, 2024

According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales. economy demonstrated resilience in 2023—with GDP, employment rates and consumer spending remaining relatively stable or even growing. Coffee in 2023.

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POS Systems Back Office Operations Pricing Budgeting 193

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

POS Systems 193

POS Systems Pricing Front of House Marketing 193

Hotel Business

NOVEMBER 30, 2023

HE’s Founder/Chairman Fred Cerrone was honored at the 2023 Hunter Hotel Investment Conference with the Award for Excellence & Inspiration, and HE’s Finance team was named Finance Company of the Year by OnCon. The post Hotel Equities reports successful 2023 appeared first on hotelbusiness.com. Marriott Jr. Guest Experience Award.

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Guest Satisfaction Accounting Training Budgeting 59

Revenue Hub

DECEMBER 15, 2022

Is your 2023 hotel marketing budget a little leaner than you’d like? Or, are you looking to refine your approach and experiment with more targeted offers directed at specific age groups in 2023? Read on to discover a tempting trio of different demographics that should be on your radar for 2023… GEN Z & MILLENNIALS.

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Marketing Accounting Book Article 86

Hotel Owner

AUGUST 15, 2023

to $288.9m (£227.2m) in the second quarter, according to its trading update ended 2 July 2023. As its members grew to 176,305 from 168,685 in the first quarter of 2023, its membership revenues also increased 35.4% to $89.2m (£70.17m) year-over-year, accounting for 30.9% In-House revenues also grew to $125.5m (£98.3m) up 14.4%

Accounting 95

Accounting 95

Revenue Hub

OCTOBER 26, 2022

hoteliers negotiating corporate accounts for 2023 are seeking the right balance of rates and services. An account approached the company prior to its RFP and said it would only take a 3% increase in rates. Because the account loved that particular hotel, it said it would look into making an exception.

Accounting 88

Accounting Pricing Marketing Article 88

Hospitality Net

NOVEMBER 8, 2023

In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. The region’s pipeline project counts are up slightly, at 6% year-over-year (YOY) by projects and 5% YOY by rooms.

Accounting 79

Accounting 79

Modern Restaurant Management

APRIL 4, 2023

This typically includes creating staff schedules based on sales forecasts, trimming labor during slow times, and providing managers with more control – and accountability. As a result, they are looking for ways to better optimize their labor operations while also maximizing business opportunities.

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Scheduling Communication Events Accounting 167

Modern Restaurant Management

DECEMBER 30, 2022

Staffing is often the biggest cost for restaurants, accounting for about one-third of total costs. Between supply chain issues, staffing challenges and increasing operation costs, restaurants have had to re-examine roles and responsibilities for employees and lean into technology to increase operational efficiency.

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Front of House Accounting 204

Hotel Business

JANUARY 30, 2023

The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics, according to the American Hotel & Lodging Association’s 2023 State of the Hotel Industry Report. in 2023—just shy of 2019’s 65.9%.

Budgeting 64

Budgeting Accounting Book Events 64

Hotel Business

APRIL 30, 2024

In Canada, there was a surge of projects that moved into the under construction stage in 2023. At the Q1 close, hotel construction projects in the province of Ontario account for 59% of the projects and 60% of the rooms in the total pipeline, for new all-time highs of 186 projects and 23,839 rooms. new supply growth rate increase.

Accounting 59

Accounting Scheduling 59

Duetto Cloud

APRIL 23, 2024

Capsis Hotels in Greece focuses on corporate accounts and congresses this year after seeing revenue success with these segments in 2023. Read now.

Accounting 59

Accounting 59

Travel Booster

JUNE 11, 2023

Welcome to Travel Booster’s guide to the best CRM tools for travel agencies in 2023! TravelBooster’s List of Best CRM for Travel Agencies in 2023 Now that we’ve established the importance of CRM tools for travel agencies, let’s dive into the crème de la crème of 2023. Why Do Travel Agents Need CRM Tools?

Accounting 52

Accounting Information Book Concierge 52

eHotelier

JUNE 1, 2023

These openings, which were led by a dedicated, extended stay team, account for 732 new economy extended stay rooms from coast to coast and 1,414 total new rooms for the brand since the start of 2023, with nearly 38,000 rooms in the domestic pipeline. Choice Hotels International, Inc.,

Accounting 130

Accounting 130

SiteMinder

OCTOBER 5, 2023

After another stellar edition in 2022, SiteMinder’s Partner of the Year Awards are back again in 2023. Trent Innes, Chief Growth Officer, SiteMinder Starting his career as an accountant, Trent saw first-hand the opportunity technology presents to growing and managing businesses.

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Housekeeping Catering Accounting Presentation 59

Revenue Hub

MARCH 23, 2023

Goldrich , to uncover the 12 trends that will transform how hotel marketing will function in 2023. TikTok is leading this segment on account of its powerful algorithm, which can deliver highly relevant, customized content quickly. These trends explored below just scratch the surface of what could be in store this year.

Marketing 76

Marketing Download Article Accounting 76

Hospitality Magazine

OCTOBER 25, 2023

I think the pros and cons are the same in the sense that you’re responsible and accountable for everything — it ends with you.” ” The post Ahana Dutt is the chef behind Raja: one of Sydney’s best openings of 2023 appeared first on hospitality | Magazine. “We get along amazingly well, and I’ve been really lucky,” says Dutt.

Definition 130

Definition Catering Accounting Presentation 130

Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. The survey also showed 75 percent of respondents expected their labor costs to increase in 2023.

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Back of House Communication Scheduling Accounting 198

Revenue Hub

NOVEMBER 30, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Get account-level projections. NB: This is an article from Staah. Get a handle on daily demand.

Budgeting 80

Budgeting Pricing Accounting Article 80

Hotel Business

MARCH 30, 2023

What’s Hot in Meetings and Events for 2023—Creating the Next Instagram Moment , a survey of Aimbridge U.S. Groups are holding the meeting planner accountable for building agendas that are healthy both physically in the space, but also mentally. “We

Catering 52

Catering Events Accounting Marketing 52

Hospitality Net

SEPTEMBER 19, 2023

Today, “Champagne” (sparkling wine produced in the Champagne region of northeastern France) accounts for 10% of the world’s consumption of sparkling wines by volume and 21% by value (Comité Champagne, 2023). million liters in 2023 to 311.1 million liters in 2023 to 311.1

Accounting 98

Accounting Marketing 98

Hotel Business

JANUARY 30, 2024

According to the Q4 2023 Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), projects and room counts in the region’s total construction pipeline each increased by 11% each year-over-year (YOY) to stand at 594 projects and 97,679 rooms at the close of the quarter.

Accounting 95

Accounting Scheduling 95

Social Hospitality

MARCH 1, 2023

As we step into 2023, let’s take a look at the latest social media trends set to dominate the digital world. In fact, it’s predicted that by the end of 2023, video content will make up 82% of all internet traffic. Companies are also taking corporate social responsibility into greater account.

Catering 64

Catering Accounting Marketing 64

Lodging Magazine

JANUARY 31, 2024

Pebblebrook’s 2023 ESG Report is aligned with international reporting standards such as the Global Reporting Initiative and includes disclosures by the Real Estate Sustainability Accounting Standard of the Sustainability Accounting Standards Board.

Accounting 69

Accounting Magazine 69

Hospitality Net

MAY 4, 2023

M3 Accounting Services, Inc. (“M3”) M3”) has achieved yet another remarkable accomplishment by being named the winner of a prestigious Gold Stevie® Award in the highly competitive Company of the Year - Hospitality & Leisure – Medium category in the 21st Annual American Business Awards®.

Accounting 98

Accounting 98

Hotel Business

APRIL 17, 2024

in 2023 vs. 2022, and strengthening by 80.2% For HotelREZ clients, mobile direct booking has more than doubled since 2019—up from 15% of all direct bookings to 32% in 2023. “Direct booking on a property’s own website accounts for around a third of all bookings, with OTAs about half that. against its pre-pandemic standing.

Book 111

Book Reservations Procurement Accounting 111

Hotel Business

SEPTEMBER 14, 2023

Combined, these three regions account for 44% of the projects and 34% of the rooms in the global hotel construction pipeline. In 2023, LE is forecasting the Americas region to open 718 new hotels having 92,498 rooms. In these years, the upscale and upper-midscale chain scales will account for 60-65% of the projected openings.

Accounting 116

Accounting Scheduling Information 116

Modern Restaurant Management

JANUARY 23, 2024

In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 billion in 2023 in one year alone. Already one of the largest sectors of the global economy, the food and beverage industry shows no signs of slowing down. percent from $6,729.54

Procurement 193

Procurement Accounting Marketing Training 193

SiteMinder

APRIL 16, 2024

New data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals a 70% rise in the average booking lead time for hotels in Vietnam, following a sharp rise in international arrivals in 2023. The growth supported Vietnam to reach its target of welcoming 12.5

Book 97

Book Reservations Accounting Marketing 97