Modern Restaurant Management

MAY 13, 2020

Considering that the risk of the virus still remains very much with us, the answer is: by covering all possible fronts. Restaurants have easily been the hardest hit of any industry by the pandemic, accounting for 60 percent of March’s job losses, and projections that 20 percent or more could permanently close.

Training 206

Training Scheduling Sanitation Accounting 206

Revenue Hub

MARCH 11, 2024

Less risk Cost-based pricing gives you enough wiggle room to adjust to the market conditions. Once you’ve accounted for all expenses, your hotel can practice risk management and stay financially stable no matter what happens in the industry.

Pricing 91

Pricing Article Accounting Information 91

Revenue Hub

OCTOBER 1, 2024

Point estimates provide clear targets and simplify planning, but they often lack flexibility and may not account for uncertainties or sudden market changes. Probabilistic methods enhance risk management by preparing for various outcomes, but they can be challenging for hotels accustomed to point estimates.

Article 91

Article Accounting Presentation Book 91

Revenue Hub

SEPTEMBER 22, 2023

Risk Management Strategies: Hotels should have well-defined protocols to handle overbooking situations effectively. Hotel overbooking can be a double-edged sword, offering potential financial benefits while also presenting risks to guest satisfaction and reputation.

Guest Satisfaction 82

Guest Satisfaction Reservations Communication Article 82

Smart Brief Hospitality

JULY 17, 2024

Operational efficiency: Streamlines data management processes while decreasing redundancy, thereby increasing the efficiency of the process. Increased transparency: The data lineage brings in transparency and accountability, thus re-establishing trust in organizations.

Information 94

Information Marketing Customer Service Accounting 94

Hotel Business

JULY 10, 2023

In this role, he is responsible for overseeing the accounting, financial planning and analysis, risk management, treasury, corporate finance, capital markets execution of Hard Rock International and other enterprises under the control of Seminole Gaming, as well as contributing to the overall strategic development efforts of the company.

Accounting 52

Accounting Marketing 52

Hotel Business

DECEMBER 7, 2022

Palladius Capital Management , a vertically-integrated real estate investment manager focused on pursuing multi-family, student housing, hospitality and select thematic investment strategies, has appointed real estate and finance executive Afshin Kateb as CFO/head of hospitality investments.

Accounting 52

Accounting Marketing 52

Hotel Business

MARCH 27, 2023

With more than 35 years of experience operating and developing hotels, Ament is an expert in the field of accounting. In her new role, she is responsible for corporate finance, oversight of lender and treasury management, strategic planning and operations, corporate tax and hotel financial reporting.

Accounting 59

Accounting Strategic Planning 59

Hotel Business

JANUARY 8, 2025

In his new role, he will continue to lead mortgage operations, accounts services and financial planning & analysis, focusing on building a finance function to support the company’s expansion plans.

Customer Service 64

Customer Service Marketing Accounting 64

NV Hotels

NOVEMBER 1, 2023

The Momentus end-to-end software platform for venue and event management Includes: Accounting Space Booking CRM Event Management Reporting & Dashboards Risk Management Sales Sustainability Our mission is to empower our customers globally to create extraordinary moments. Check them out!

Events 52

Events Accounting Blog Presentation 52

Serviced Apartments

APRIL 6, 2023

His duties include leading the finance team, managing financial resources, developing and implementing financial strategies, and risk management. He brings more than 25 years of experience leading accounting, finance and special project teams both domestically and internationally to his new role at Synergy.

Accounting 52

Accounting 52

SiteMinder

AUGUST 1, 2024

Research the current and projected demand for hotels in your location, taking into account factors such as population growth, tourism trends, and economic activity. Risk management What’s life without a little risk? Competition: Analyse your competitors, their strengths, and weaknesses.

Travel and Tourism 95

Travel and Tourism Competitive Analysis Pricing Budgeting 95

Hotel Business

SEPTEMBER 5, 2023

The strategic promotions and new leadership team additions include Sue Sanders to EVP, chief strategy and administrative officer; Wilson Turner to SVP, human resources; Angie Cook to SVP of accounting and finance; Suzanne Saunders to SVP, design and construction; and Bob Kisker to VP, operations.

Strategic Planning 59

Strategic Planning Accounting Travel and Tourism Guest Satisfaction 59

Les Roches

JANUARY 18, 2024

Accountant Accountants handle precise bookkeeping, a key role within any organization and mandatory for sound financial decision-making processes. Account manager Being an account manager means playing a critical role in sustaining client relationships and driving organizational growth.

Accounting 52

Accounting Business Development Bookkeeping Marketing 52

SiteMinder

NOVEMBER 3, 2024

Given that hotels can be unique accommodations and physical buildings, insurance policies will often also take into account all the different amenities and spaces within the property too. With so much activity happening and many different amenities and services running, hotels can be exposed to quite a large degree of financial risk.

Accounting 64

Accounting Definition Blog Events 64

SiteMinder

OCTOBER 11, 2022

Duties include negotiating with vendors, managing contracts, quality assurance, stock taking, and accounting. Human resources manager. As well as troubleshooting and maintenance of IT systems, the IT manager’s role involves planning ahead and making recommendations regarding new software and improvements.

Maintenance 72

Maintenance Concierge Front of House Budgeting 72

Les Roches

JANUARY 19, 2024

For this, you will need to provide well-reasoned, yearly projections that take into account peak seasons and off-peak periods – and it’s the same in a large or small hotel plan. Risk management Risk management is essential in any sector, including the hospitality industry.

Marketing 52

Marketing Accounting Book Training 52

Xotels Hotel Revenue Management

NOVEMBER 11, 2019

Risk management, including contingency plans to offset any type of damage. Revenue management forecasting (unconstrained demand forecast). Revenue management gives hotel managers insights over future demand management. Top Accounts Expectations. Financial forecasting. Market trends.

Reservations 52

Reservations Accounting Book Information 52

SiteMinder

JANUARY 17, 2024

Recognising and investing in cybersecurity measures is not just about risk management; it’s about upholding your establishment’s reputation and providing a safe, seamless experience for every guest. In 2013 Yahoo was attacked and three billion user accounts were compromised. million in fraudulent charges.

Information 59

Information Server Accounting Travel and Tourism 59

BizBash

DECEMBER 27, 2017

This would likely result in automated account opening and reduced resources and costs, while maintaining the legally required privacy of data. Governance Accounting for value A distributed ledger will mean real-time audit and financial reporting capabilities. Transparency of the blockchain improves regulatory management.

Accounting 32

Accounting Download Document Information 32

Hotel Business

JANUARY 31, 2023

During the pandemic, many travel programs implemented stricter pre-trip approval processes to manage risk. Add to that the desire to control costs or align to greener travel practices, and employee travel may now require additional approvals—such as from risk management, HR, senior leadership, finance or the travel or CSR departments.

Book 59

Book Customer Service Budgeting Accounting 59

Les Roches

MARCH 8, 2024

You can work for advertising agencies, marketing firms, corporate marketing departments or media companies Finance and investment banking: if you have a strong aptitude for numbers and finance, you can pursue careers in banking, investment management, financial analysis or corporate finance.

Strategic Planning 52

Strategic Planning Budgeting Travel and Tourism Hospitality Management 52

Synergy Suite

SEPTEMBER 17, 2024

Poor accounting practices amplify these issues. When orders and invoices are managed manually, the likelihood of human error in financial records increases, affecting food costs and informed decisions. Regular, transparent dialogue ensures that issues are resolved swiftly and alignment on expectations is maintained.

Vendor Management 52

Vendor Management Scheduling Procurement Pricing 52

Les Roches

JULY 4, 2024

These may include: Hotel operations: understanding the day-to-day business of the hotel industry, including front office management, housekeeping, food and beverage service and facility management Guest services: learning how to deliver exceptional guest experiences through effective customer service, guest relations and communication skills Revenue (..)

Housekeeping 52

Housekeeping Scheduling Travel and Tourism Training 52

Les Roches

JANUARY 23, 2024

Factors such as weather conditions if it’s an outdoor event, tech glitches during a live presentation or even unanticipated budget constraints all deserve your attention when devising appropriate risk management strategies. Set milestones Incorporate milestones in your business event plan to break the task into manageable chunks.

Events 52

Events Budgeting Communication Scheduling 52

Les Roches

JULY 5, 2024

Infrastructure and public utilities requirements Planning a resort means taking into account a wide range of factors including roads, water supply, sewage systems, electricity, telecommunications and other public utilities. This may involve a combination of equity financing, debt financing, government incentives and investor partnerships.

Travel and Tourism 52

Travel and Tourism Resort Management Regulatory Compliance Concierge 52

Modern Restaurant Management

AUGUST 5, 2020

The mobile app solution empowers franchise owners and store managers by digitising their operating procedures and helping achieve compliance, team accountability and improve performance. With full visibility and accountability driven by the app, the business saves money and time in unforeseen repairs or damages to the machinery.

Server 211

Server Marketing Bookkeeping Document 211

Modern Restaurant Management

JUNE 8, 2020

His responsibilities spanned a broad range of financial initiatives and requirements, including mergers and acquisitions, initial public offerings (IPOs), taxes, public and private corporate financial strategy and operations, corporate structured finance, capital markets, credit risk management, and pension fund management.

Sanitation 155

Sanitation Information Marketing POS Systems 155