Remove Hospitality Net
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M3 Named Best Finance & Accounting Software for the 4th Consecutive Year in the 2024 HotelTechAwards

Hospitality Net

M3’s Accounting Core™ solution has been named 2024’s #1 Finance & Accounting Software by Hotel Tech Report, and M3’s Labor Management™ solution has been named 2024’s #2 Scheduling and Labor Management Software.

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The benefits of short-term stays for hotels

Hotel Business

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. On top of that, this strategy also allows them to capture incremental revenue that would otherwise be left on the table.

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Understanding EBITDA for Restaurant Owners

Synergy Suite

EBITDA is more than just a jargon-heavy financial term; it’s a clear indicator of your restaurant’s operational performance minus the direct impact of financial and accounting decisions. This metric is calculated by adding back interest, taxes, depreciation, and amortization to net income.

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The Ultimate Guide To Restaurant Profit Margin

The Restaurant Times

It is well known that the hospitality sector has lower profit margins than other market segments. In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022. For this reason, the profit margin of your restaurant is one of the defining factors of its success.

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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

In today’s competitive hospitality industry, understanding and optimising these metrics is crucial. Guest satisfaction metrics, such as Net Promoter Score (NPS) and online reviews, gauge guest experiences and areas of improvement. Anything you can do to lower this cost will be an automatic win for your bank account.

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Restaurant Analytics: The Metrics You Should Know and Care About

Synergy Suite

How Restaurant Analytics Differ from General Business Analytics While both restaurant analytics and general business analytics focus on data-driven decision-making, restaurant analytics are specifically tailored to the unique environment of the hospitality industry. This metric is indicative of the overall profitability of the restaurant.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

Instead, as these solutions advance, companies should refer to their technology as “Smart Carts,” or something in the same vein, to give a more accurate representation of what they provide and come off as warm and welcoming tools designed to elevate hospitality. – Tim McLaughlin, Founder & CEO, GoTab. "We