The Restaurant Times

AUGUST 5, 2022

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Efficient Budgeting. Informed Decision-Making.

Accounting 52

Accounting Bookkeeping Budgeting POS Systems 52

Travel Booster

MAY 10, 2023

Are you tired of spending countless hours tracking down transaction records, trying to reconcile accounts, and manually generating financial reports? But fear not, intrepid travel agency, because we’re here to help you navigate the choppy waters of accounting software. The List of Best Accounting Software for Travel Agencies: 1.

Accounting 52

Accounting Book Information Budgeting 52

Revenue Hub

APRIL 22, 2024

Marketing’s purpose is to capture business that drives new and incremental bookings. The absence of marketing at key points in a traveler’s booking journey due to budget restrictions should be recognized for what it is—opportunity cost. So much so that OTAs have devoted huge chunks of their budgets to these channels.

Budgeting 105

Budgeting Book Presentation Marketing 105

Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? I have to share with you a funny story to budgeting with you.

Budgeting 59

Budgeting Marketing Blog Accounting 59

Revenue Hub

APRIL 3, 2024

The first reason why it may not be entirely beneficial for hotels to prioritize direct bookings over online travel agencies (OTAs) is that OTAs can provide the visibility needed, especially when it’s most crucial. The algorithm takes various factors into account, with one of the most important being the conversion rate.

Reservations 91

Reservations Book Document Article 91

Revenue Hub

JANUARY 13, 2023

Like all businesses, you want your hotel to get the best return on its investment and ensure every penny of the hard-earned marketing budget is being spent well. PPC is an extremely effective channel for hotels to reach lots of new customers, and encourage direct bookings. Recommended ad budgets for hotels.

Marketing 88

Marketing Budgeting Pricing Book 88

Revenue Hub

JUNE 13, 2023

If you decide to have your hotel on Tiktok, below are some next steps you can take to market your hotel brand: Create a business account with new and different content compared with what you have on other channels. You should also consider your budget and who will manage your hotel’s presence on this platform.

Book 52

Book Presentation Article Marketing 52

Hotelogix

OCTOBER 18, 2023

A hotel reservation system is far more than a booking tool. What is a Hotel Reservation System A Hotel Reservation System is a software solution designed to facilitate and manage booking accommodations and other guest-related services at your hotel.  This attention to detail contributes to guest loyalty and positive reviews.

Reservations 100

Reservations Book Information Guest Satisfaction 100

Hotel Business

JANUARY 31, 2023

Making the way back to 2019 levels On average, travel buyers estimate their companies’ current domestic business travel bookings have returned to 67% of pre-pandemic 2019 levels (up from 63% in GBTA’s October poll). The post GBTA poll: Bookings, spending, optimism on upswing appeared first on hotelbusiness.com.

Book 59

Book Budgeting Customer Service Accounting 59

Revenue Hub

OCTOBER 4, 2023

NB: This is an article from three&six , one of our Expert Partners Google Ads , a pivotal platform in the hotel marketing toolkit, provides a variety of attribution models to help hotels understand how their ads contribute to bookings. They illuminate the interactions and marketing channels that shape a guest’s path to booking.

Marketing 87

Marketing Book Article Budgeting 87

Blue Magnet Interactive

FEBRUARY 11, 2020

Your property may even have an account on Instagram and Twitter. Social listening, when done effectively, can improve your social media account performance and enhance your entire marketing strategy as a whole. Active social listening can help your marketing team make educated decisions and allocate your budget more effectively.

Accounting 52

Accounting Budgeting Marketing Information 52

Hotelogix

FEBRUARY 1, 2024

For small hotels operating on tight budgets, these expenses can be prohibitive. It means they primarily maintain an Excel Sheet to keep track of guest records, availability, finances, accounting, etc. High-end hotel management software or hotel property management systems (Hotel PSM) have a hefty price tag. So what do they do? 

Guest Satisfaction 130

Guest Satisfaction Training Budgeting Demo 130

Modern Restaurant Management

OCTOBER 1, 2022

Let’s look at low-budget restaurant marketing ideas to succeed in inflationary times. Three Tips to Promote a Restaurant on a Low Budget. Users should easily access the menu, book a table, and click on the phone number or other links without pinching. What you need is to have positive outcomes for every dollar spent.

Marketing 199

Marketing Budgeting Communication Information 199

Revenue Hub

DECEMBER 15, 2022

Is your 2023 hotel marketing budget a little leaner than you’d like? Our recent report into the hotel booking trends of Gen Z highlighted the significant growth, both in traffic (+189%) and transactions (+257%), among the 18-24 year old demographic during the pandemic. NB: This is an article from 80 Days.

Marketing 86

Marketing Accounting Book Article 86

Hotel Business

APRIL 12, 2023

based and European executives with travel budget oversight, fielded between Feb. International trips will account for a larger portion of the recovery this year: The international share of travel costs for U.S. However, international trips and live events are set to account for much of expected growth in 2023. Only 10% of U.S.

Accounting 111

Accounting Events Budgeting Pricing 111

SiteMinder

OCTOBER 11, 2022

Duties include greeting guests, making bookings, taking phone requests and managing complaints. From handling complaints and supervising staff to scheduling maintenance and managing budgets, this role oversees all aspects of hotel operations. Duties can include managing a team, scheduling staff, processing payroll, and budgeting.

Maintenance 72

Maintenance Concierge Front of House Budgeting 72

Revenue Hub

MARCH 5, 2024

In the context of hotels, this might include room booking systems, customer relationship management (CRM) software, or point-of-sale (POS) systems that have been in place for many years. For instance, if a hotel’s booking system cannot integrate with the latest online travel agencies (OTAs), it misses out on revenue potential.

Maintenance 96

Maintenance POS Systems Book Article 96

7 Shifts

JULY 22, 2022

Schedule smarter, keep your labor budget in control, and ensure you have the right number of staff each day this summer, rain or shine. Your employees will also be able to view events on their mobile app, keeping them accountable and prepared for the day’s events. Manager Log Book. Assign Stations. Communications.

Scheduling 156

Scheduling Document Special Events Communication 156

Hotel Business

MARCH 13, 2024

Microstays also provide hotels with an opportunity to connect with budget-conscious travelers who may be priced out of their rooms otherwise. By offering these rooms at a 40%-to-50% discount off standard overnight rates, hotels can cater to a previously untapped segment and onboard them to their loyalty programs.

Guest Satisfaction 69

Guest Satisfaction Catering Budgeting Scheduling 69

7 Shifts

JULY 10, 2020

Stay tuned for a few special tips from Melissa Bensky, one of Toronto’s most prolific foodgrammers with her account, @tastethesix. Set a budget ?? With your goal set, work backwards to determine your budget. When it comes to planning your schedule, you’ll want to work within your labor budget limits set above.

Events 140

Events Budgeting Reservations Scheduling 140

Boutique Hotel News

OCTOBER 28, 2022

From shopping malls to beach clubs, museums to theme parks, there are now activities and experiences in Qatar for every type of traveller, from every nation, and to suit every budget. STR’s occupancy on the books for hotels and hotel apartments in Doha is already above 80 per cent for the group stage.

Travel and Tourism 130

Travel and Tourism Book Events Budgeting 130

Revenue Hub

APRIL 14, 2023

based and European executives with travel budget oversight, fielded between Feb. International trips will account for a larger portion of the recovery this year: The international share of travel costs for U.S. However, international trips and live events are set to account for much of expected growth in 2023. One-third of U.S.

Accounting 77

Accounting Events Budgeting Pricing 77

Revenue Hub

JUNE 21, 2023

At the end of the day, the only thing that matters is whether your hotel is getting bookings at the rates that you desire. It requires understanding your booking curves, your price points, and how many bookings you get at each price point by every day on the 365-day calendar. How to understand your demand? It’s a lot of data!

Pricing 86

Pricing Accounting Article Book 86

Hotel Business

MAY 25, 2023

For households with enough budget, a cruise or all-inclusive vacation was much more likely among families with children, at 17% versus 9% of those without. Looking for ways to save While household budgets may be more constrained, nearly half (48%) of families with children plan to spend more on travel this year.

Budgeting 52

Budgeting Book Catering Accounting 52

7 Shifts

MAY 3, 2021

Department-based budgeting When you integrate 7shifts with one of our many industry-leading restaurant-specific POS partners , you can use your sales data to make more accurate projections for the staff you’ll need. Manager Log Book Managers get a communication upgrade, too. No more confusion when they arrive for their shift.

Server 148

Server Budgeting Scheduling Communication 148

Hotel Owner

OCTOBER 19, 2023

Even with the wide variation in the type of events Balekjian illustrates that all types of hotels, budget or boutique, stand to gain from events. Alongside this, those coming to see her play would likely stay in budget accommodation showing that one event can benefit a wide range of hotels.

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Events Pricing Budgeting Definition 105

Modern Restaurant Management

JUNE 24, 2021

Customers want the ability to order online, set up delivery, view seating, and book tables through the convenience of a mobile phone. The great news is that an effective digital marketing strategy can be designed and implemented to fit just about any marketing budget. Google Rankings and Google My Business.

Marketing 199

Marketing Communication Maintenance Budgeting 199

Hotel Business

MARCH 16, 2023

Booking source In 2019, OTA-sourced bookings made up 57% of all reservations, while non-OTA bookings made up the remaining 43%. During the pandemic, there was a significant shift toward direct bookings due to decreased advertising budgets for OTAs. The next most popular length of stay was three-four nights.

Book 52

Book Maintenance Pricing Budgeting 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Revenue management strategies typically include decisions based on historical booking data, competitor pricing, seasonal trends, local events, and customer behaviour.

Pricing 52

Pricing Book Budgeting Marketing 52

Revenue Hub

OCTOBER 17, 2022

In addition, it generates additional revenue, allowing the hotel to capture a larger portion of the guest’s travel expense budget. Personalized messages promoting your additional services are therefore automatically sent, taking into account your target customer, throughout their journey. How to do ? Segmentation.

Communication 80

Communication Article Information Budgeting 80

Revenue Hub

APRIL 30, 2024

Effective revenue management involves considering factors such as seasonality, booking patterns, length of stay, and customer segmentation to determine the optimal pricing and distribution strategies. Additionally, low prices can create an expectation of poor quality or subpar service, which may deter potential guests from booking.

Pricing 64

Pricing Information Article Marketing 64

Hotel Business

JANUARY 31, 2024

However, industry professionals also expect challenges ahead, citing rising travel costs, overall economic uncertainties, lagging corporate budgets and travel disruptions among their top concerns. More than one-third (37%) report no notable change in costs.

Budgeting 69

Budgeting Training Accounting Book 69

Hotel Business

JANUARY 30, 2023

Group business has a bright future: AHLA Platinum Partner Encore reports that 70% of planners surveyed for the company’s Fall 2022 Planner Pulse Report were either booking or actively sourcing new events, and 61% expected to have larger budgets in 2023.

Budgeting 64

Budgeting Accounting Book Events 64

SiteMinder

OCTOBER 11, 2022

Taking reservations or bookings over the phone. Assisting guests with changes to their bookings. Making restaurant reservations and booking taxis on behalf of guests. Accounts and finance department. The accounting department in a hotel oversees all incoming and outgoing payments. Greeting guests upon arrival.

Front of House 59

Front of House Housekeeping Maintenance Back of House 59

The Restaurant Times

AUGUST 26, 2022

Restaurants are slowly transitioning from the traditional pen and paper booking method to the restaurant reservation system. It should have an intuitive table management system, allowing your restaurants to receive bookings through multiple channels. It must have the provision to integrate with a POS system or accounting software.

POS Systems 69

POS Systems Accounting Information Reservations 69

7 Shifts

OCTOBER 31, 2023

You’re paying too many fees You budgeted for the monthly fee. Your employees can’t access their own pay information People expect digital self-service tools now, for everything from banking to booking a haircut. 7shifts also integrates with many POS and accounting software. Then, there was an implementation fee to get started.

Information 88

Information Pricing Customer Service Accounting 88

7 Shifts

AUGUST 10, 2020

Document purpose, such as training materials, finance & accounting, scheduling, legal & compliance, mail and bills, etc. Don’t have the budget for any filing products? No need for an hourly deep clean of your entire office–just hold yourself accountable for reducing build-up where it’s not needed.

Document 140

Document Scheduling Book Accounting 140