Revenue Hub
OCTOBER 13, 2023
Competitor Analysis: By knowing what your competitors are doing, you can better set competitive prices, offer competitive services, and identify gaps in the market that you can introduce. It helps prevent overspending and ensures that expenses are in line with revenue projections.
The Restaurant Times
MAY 25, 2021
A cash flow statement depicts how changes in the balance sheet, accounts, and income affect liquidity and provides an overview of operating expenses. Revenue Projection: Once you have determined the expected daily footfall, you can calculate the average sales you can expect per customer, depending on factors like menu price.
Revenue Hub
OCTOBER 28, 2022
When thinking of ways to increase revenues, most revenue managers focus on the room and look for ways to increase revenues by offering early check-in, late check-out, upgrades to suites and other room types, as well as generating no-show revenue. NB: This is an article from RealTime Reservation.
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