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Strategies for Reducing Hotel Variable Costs Per Occupied Room

Revenue Hub

These costs are typically associated with the hotel’s operations, such as food, beverages, laundry, and housekeeping. Another way to track variable costs is to use accounting software, which can help to automatically record and track expenses. This can also help to identify any areas of potential cost savings.

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4 Pub Ideas To Lure Customers Through Events

The Restaurant Times

Working within your budget’s limits is critical, as is developing an effective company plan that accounts for all employees, food, beverages, entertainment, maintenance, promotion, cleaning, and bills. Invest in a robust social media strategy and update your accounts with high-quality videos and photos regularly.

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4 Proven Strategies Operators in Saudi Arabia Must Know To Grow Their Restaurant Profit Margin

The Restaurant Times

One can calculate the net restaurant profit margin for an accounting period by dividing net income by sales. Gross Revenue is the sales revenue generated by selling food, beverages, and merchandise plus additional gains, i.e., income from a transaction that doesn’t come from regular business operations. The formula is : .

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#LifeOrDeathRecipe Challenge and ‘A Woman’s Place’

Modern Restaurant Management

Labor statistics that despite women accounting for 50 percent of culinary school graduates, they hold only seven percent of executive chef roles in the United States.1 preventative maintenance, emergency repairs, and purchases)”, says TableBoost CEO and Co-Founder Tim Collins. ” Saving More than Paper. Carlisle Squares.