Modern Restaurant Management

NOVEMBER 19, 2020

That said, there are a few other things that restaurants need to ensure are working soundly before the customer reaches checkout: User Accounts – Restaurants should offer customers the ability to open an account on the restaurant’s website.

Special Events 212

Special Events Accounting Marketing Pricing 212

SiteMinder

OCTOBER 5, 2023

Data-driven insights : With tools like Rev+ for revenue management and competitive set analysis, hotel owners can make informed decisions to optimise rates and stay ahead of the competition. Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

Les Roches

DECEMBER 27, 2023

Guest services is the face of hospitality businesses and the first point of contact for guests. They need excellent communication and interpersonal skills, should be able to multitask, maintain composure under pressure and demonstrate a high level of professionalism.

Guest Services 52

Guest Services Definition Customer Service Concierge 52

Modern Restaurant Management

MAY 16, 2022

“Restaurant managers need to be aware of the changing insurance landscape so that they can make informed decisions when selecting a policy,” she said. “This leaves the owner under protected and often pushes the business to permanent closure in the event of an incident or disaster.”

Budgeting 203

Budgeting Special Events Events Maintenance 203

SiteMinder

OCTOBER 10, 2023

This forecast takes into account the total number of rooms in the hotel and subtracts the number of rooms that are expected to be occupied. The result gives hotel managers an idea of how many rooms they can still sell, allowing them to make informed decisions about pricing, promotions, and distribution. Special events & holidays.

Book 52

Book Pricing Reservations Accounting 52

Modern Restaurant Management

DECEMBER 10, 2021

When your customers are looking for somewhere to eat, they type what they want into Google to get the information they need. This information includes your location, hours of operation, menu, and reviews. Then prepare to wow them with a special offer.

Marketing 224

Marketing Information POS Systems Demo 224

The Restaurant Times

JANUARY 18, 2023

In addition, it integrates seamlessly with your current restaurant information system (such as your budgeting and employee management solutions). A POS system that is integrated allows you to: Enhance Guest Experience: Customer information is gathered at the point of sale using CRM software. Accounting System.

POS Systems 52

POS Systems Information Bookkeeping Scheduling 52

Modern Restaurant Management

NOVEMBER 1, 2019

For its strong visual focus, stick to Instagram as your main account. As organic reach continues to dwindle, Facebook is primarily where guests will find key information, including hours, location, links and events. If you host special events, Facebook Events are a great way to increase their exposure.

Events 132

Events Budgeting Special Events Book 132

InnQuest

SEPTEMBER 13, 2022

Using chatbots on your website and social media accounts help you engage with customers while automating some of the more tedious parts of the sales process, like answering questions about rates or availability. Digital check-in kiosks. Digital folders. Smart room technology. Rate management. Automated housekeeping processes.

Housekeeping 130

Housekeeping Book Guest Satisfaction Information 130

Modern Restaurant Management

JULY 6, 2023

Here are a few examples of how to capture it: Loyalty Programs : Restaurants can establish loyalty programs to gather valuable customer information, including names, contact details, and favorites and preferences. When a customer visits, they can access the free WiFi by providing the most basic and least intrusive information.

Marketing 178

Marketing Information Communication Reservations 178

Revenue Hub

AUGUST 22, 2023

In this case, if Jane is traveling with her husband and their children, she may be interested in paying more for connected rooms, activities that apply to different ages, special events, and ancillary services that apply to families. They buy very differently than business travelers.

Special Events 68

Special Events Book Information Reservations 68

Revenue Hub

JULY 11, 2023

An RMS applies sophisticated algorithms and machine learning to predict demand patterns and suggest optimal pricing, taking into account a variety of factors including historical data, competitor prices, and market trends. This could involve dynamic pricing, special promotional offers, or targeted marketing campaigns.

Pricing 61

Pricing Book Article Events 61

The Restaurant Times

MARCH 17, 2023

Print information about your offers and promotions on posters with a catchy font and your company logo and put them on the windows. Additionally, you can use holidays and other special occasions to encourage customers to visit your restaurant and celebrate. Host Special Events What lures patrons into a restaurant?

Special Events 52

Special Events Events Information Marketing 52

Revenue Hub

OCTOBER 28, 2022

In this case, if Jane is traveling with her husband and their children, she may be interested in paying more for connected rooms, activities that apply to different ages, special events, and ancillary services that apply to families. They buy very differently than business travelers.

Special Events 72

Special Events Book Information Reservations 72

Synergy Suite

OCTOBER 12, 2023

Gross profit margin is a fundamental financial metric that reveals the percentage of revenue left after accounting for the cost of goods sold (COGS). These metrics go beyond merely counting revenue and expenses; they reveal the core profitability of the business, while accounting for various financial components.

Portion Control 52

Portion Control Pricing Accounting Procurement 52

Lithos POS

SEPTEMBER 27, 2023

POS helps you to automate various business functions such as inventory, payments, accounting, customer, and employee operations. You can integrate the software with other software such as accounting, inventory, CRM, payment, and other food aggregators. It allows you to manage everything in a centralized dashboard.

POS Systems 69

POS Systems Accounting Front of House Server 69

Synergy Suite

MAY 17, 2024

While business needs are likely to be prioritized by default, it’s vital to take employee needs and preferences into account. Whether shift patterns include rotating, 12-hour, or 8-hour shifts, you must take factors that directly affect workers’ lives into account. All of these are key to success in your restaurant.

Scheduling 52

Scheduling Accounting Communication Training 52

SiteMinder

NOVEMBER 30, 2023

If a guest took out their phone and searched for a nearby hotel, they’d expect the offered information to be tailored based on their location, time of day, and even past interests and bookings. Other data sources show 57% of US travellers think brands should tailor their information based on personal preferences or past behaviours.

Guest Satisfaction 52

Guest Satisfaction Book Property Management Pricing 52

MBB Hospitality

NOVEMBER 15, 2023

This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line. Implement dynamic pricing for peak times or special events, and consider time-bound promotions to drive traffic during slower periods.

Training 52

Training Pricing Portion Control POS Systems 52

SiteMinder

OCTOBER 15, 2023

Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue. Dynamic rates, on the other hand, take all that information into account to give hoteliers the information they need to maximise revenue at all times.

Pricing 59

Pricing Definition Book Marketing 59

Lithos POS

DECEMBER 19, 2023

He acts as an accountant, overseeing invoices, payroll, profit and loss statements, and tax records. POS keeps every customer’s details such as contact information and purchase history. By using the contact information, you run personalized marketing. They are responsible for monitoring finance and ensuring financial laws.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

Les Roches

MAY 9, 2023

Budgeting and financial planning: An event budget will help ensure that you stick to your spending plan and that all expenses are accounted for. Venue selection: This is one of the most important elements for a successful event. A virtual event can be considered to cut down costs. This list is not exhaustive.

Events 52

Events Event Coordination Budgeting Hospitality Management 52

7 Shifts

MARCH 30, 2022

These can be professionally designed or made in-house to promote specials, events, or even a classic riff like the “Free Wifi, Cold Beer” sign found outside many-a-bar. Put up cool wall art and include information about a hashtag and your restaurant's social media accounts so that users know what to tag. Image Source.

Marketing 148

Marketing Special Events Accounting Events 148

Les Roches

JULY 11, 2023

Understanding customers and consumers in hospitality If you work in the hospitality sector, for example in hotel management , then your customers are the people who spend money with you, whether that’s buying a meal in the hotel restaurant, booking rooms or arranging a special event in the venue. Your consumers are the end users.

Special Events 40

Special Events Customer Service Marketing Hospitality Management 40

Synergy Suite

NOVEMBER 2, 2023

The formula for calculating labor cost percentage is straightforward: Labor cost percentage = (Total Revenue / Total Labor Costs) × 100 This calculation takes into account all labor-related expenses, including wages, benefits, and taxes, and expresses them as a percentage of total revenue.

Scheduling 52

Scheduling Training Information Cost Reduction 52

Modern Restaurant Management

DECEMBER 21, 2022

Restaurants will increasingly become more reliant on using their transaction data to inform and automate their businesses. Collaborations : Collaborations, such as partnering with a well-known designer on staff uniforms or bringing in guest chefs for special events and pop-ups, will continue to capture consumer attention.

Pricing 166

Pricing Portion Control Budgeting Marketing 166

7 Shifts

NOVEMBER 9, 2022

Keep in mind that you should always offer something valuable in exchange for the information. People who sign up to receive your newsletter might start ignoring their inboxes later and create new accounts. Special events such as birthdays and anniversaries also show how much you care about them.

Reservations 78

Reservations Blog Marketing Events 78

Les Roches

DECEMBER 28, 2022

This will help you get some opinions and first-hand accounts of what it’s really like to work in a certain career path. Food and Beverage manager – Also known as F&B, this is managing inventory, orders, budgets, and planning of special events for restaurants, bars, and catering.

Hospitality Management 52

Hospitality Management Training Communication Special Events 52

MBB Hospitality

MARCH 27, 2019

If you haven’t done so already set up an account on Facebook, Twitter and at least one other social media channel like Pinterest or Snapchat and use them to post pictures of your dishes and to let your customers know about upcoming events and specials. Thank them for choosing you. Build your A-Team.

Special Events 40

Special Events Events Budgeting Customer Service 40

Modern Restaurant Management

JUNE 19, 2020

By making our invoice digitization and recognition software available free of charge, we’re giving any restaurant the capability to better monitor their spend, make more informed purchasing decisions, and ultimately, improve margins.” Once they’ve created an account, they can?immediately?begin immediately?begin

Sanitation 116

Sanitation Information Marketing Document 116