Accounting Cost Reduction Marketing Pricing 
Revenue Hub
OCTOBER 23, 2023
NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more. Many of these sustainability efforts provide cost reduction benefits as well.
Les Roches
JANUARY 11, 2024
Involving the sales team in that goal-setting also helps foster a sense of ownership and accountability and can help boost motivation too. Pricing strategies Inverse Couple Images/ Moment via Getty Images Did you know that, on average, large retailers change prices every three minutes ?
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Synergy Suite
DECEMBER 5, 2023
Variable costs, on the other hand, fluctuate with your sales and include expenses like food and beverage costs ( cost of goods sold, or COGS ), utilities, and marketing expenses. The break-even point tells you how many dishes or meals you need to sell to cover both fixed and variable costs.
Synergy Suite
NOVEMBER 30, 2023
Why Prime Costs Matter in the Restaurant Business The significance of prime costs lies in their comprehensive representation of direct expenses associated with both the production of culinary offerings and the workforce essential to their creation. Controlling them effectively can significantly impact your bottom line.
Synergy Suite
DECEMBER 14, 2023
A well-structured menu that aligns with customer preferences, seasonal demands, and market trends can contribute to higher inventory turnover ratio. Utilize historical sales data, market trends, and customer feedback to refine your forecasting process. This can help you attract more customers and increase revenue.
Modern Restaurant Management
DECEMBER 16, 2019
percent year over year according to Black Box Intelligence’s Market Share Report. Restaurants have had to keep up with this growth from a staffing standpoint amid the most difficult labor market in decades. November and December purchases typically account for upwards of 50 percent of annual gift cards sales.
Synergy Suite
NOVEMBER 2, 2023
You can determine labor cost percentage per day, week, month, or even year with a simple formula. Here’s another example with real numbers: If your restaurant paid employees $4,000 in a week and brought in $10,000 in revenue, a labor cost percentage calculation would be as follows: 4,000/10,000=.4
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