Modern Restaurant Management

SEPTEMBER 21, 2023

Here's how to create a business profile on Google My Business: Visit the Google My Business page and log in with your Google account. Post Regular Content : Google My Business allows regular posting of updates, special events, and promotions. Verify your business to confirm that you are the owner or manager.

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Information Special Events Budgeting Marketing 199

Hotel Business

SEPTEMBER 15, 2023

There will likely be a special event or sudden period of high demand, so always look for those opportunities. One way to account for these anomalies is by using revenue management technology that runs multiple models and then selects the ones that provide the most accurate forecasts.

Special Events 64

Special Events Pricing Accounting Events 64

Revenue Hub

SEPTEMBER 5, 2023

Leveraging historical data, market trends, and special events, hotels can predict periods of high and low demand. Overbooking Management While it might sound counterintuitive, overbooking is a common practice that takes into account the likelihood of cancellations and no-shows.

Pricing 108

Pricing Reservations Training Article 108

Modern Restaurant Management

MAY 16, 2022

“Also, the potential for adding health insurance as a benefit will go a long way with employee retention and attraction, taking into account the consistent increase we are seeing in costs for that space.” ” Addressing Business Interruption Needs. ” Steering Toward Better Insurance Benefits for Staffers. .

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Budgeting Special Events Events Maintenance 204

Modern Restaurant Management

JANUARY 9, 2020

The first step is to create a Google My Business account so that your coffee shop shows up on search results. Did you know that the average business with a Google account is found in over 1,000 searches per month? Simply ask customers if they would like to join your email list for any news, promotions, or special events.

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Marketing Special Events Accounting Events 186

SiteMinder

OCTOBER 5, 2023

Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account. If you’re new, you’ll need to set up an Expedia Partner account first. This section lets you adjust room rates, offering flexibility in response to changing demand or special events.

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Competitive Analysis Book Property Management Information 59

Les Roches

DECEMBER 27, 2023

They may also help customers with membership sign-ups and renewals.

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Guest Services Definition Customer Service Concierge 52

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.

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Pricing Book Article Events 74

MBB Hospitality

NOVEMBER 15, 2023

When engineering your menu, consider the contribution margin of each item—that is, the actual dollar amount each dish contributes to overhead after accounting for food costs. Implement dynamic pricing for peak times or special events, and consider time-bound promotions to drive traffic during slower periods.

Pricing 52

Pricing Training Portion Control POS Systems 52

Modern Restaurant Management

DECEMBER 10, 2021

Creating a Google My Business account for your restaurant is a great way to ensure that all vital information will be at the customer’s fingertips. Once you have this information, you can reach out to customers a week before the special day and invite them to celebrate their special day at your restaurant.

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Marketing Information POS Systems Demo 225

The Restaurant Times

MARCH 17, 2023

Additionally, you can use holidays and other special occasions to encourage customers to visit your restaurant and celebrate. Social Ads Remember that different people use different platforms, so you shouldn’t use the same material on each account. Host Special Events What lures patrons into a restaurant?

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Special Events Events Information Marketing 52

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

DECEMBER 19, 2023

He acts as an accountant, overseeing invoices, payroll, profit and loss statements, and tax records. The bookkeeper or accountant is responsible for managing the restaurant’s financial records, including accounts payable, accounts receivable, payroll, and financial reporting.

Front of House 52

Front of House Scheduling Communication Bookkeeping 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.

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POS Systems Accounting Front of House Server 69

The Restaurant Times

DECEMBER 3, 2021

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. When you advertise the event, you can also urge attendees to dress up in costume to get into the spirit.

Events 52

Events Special Events Accounting Maintenance 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

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.

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Housekeeping Book Guest Satisfaction Information 130

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

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.

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Special Events Customer Service Marketing Hospitality Management 40

Modern Restaurant Management

JUNE 5, 2020

Most municipalities have existing permitting capabilities for temporary uses and special events that provide for an expedited process to obtain a permit and would not require reinventing the wheel. Permits – Is there an existing permitting structure in place that can be utilized, or will a new system need to be created?

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Special Events Revenue Projections Sanitation Reservations 163

7 Shifts

OCTOBER 22, 2021

If sales don't differ too much from the rest of the year, your restaurant might not need much extra consideration for staffing outside special events. Instead of building a menu manually, consider using an auto scheduler, which takes into account employee availability, sales predictions, and overtime considerations.

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Scheduling Communication Events Training 148

7 Shifts

DECEMBER 8, 2020

Bigger suppliers like beverage distributors often have access to special events like concerts or sporting events. Recommended Reading: How to Build a Successful Restaurant Employee Engagement Program 7. They may have overstock of an exciting item, or may be able to get you access to lower prices on specialty items.

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Front of House Server Events Special Events 148

SiteMinder

NOVEMBER 30, 2023

By automating the dynamic pricing strategy, an RMS helps hotels stay competitive and profitable, especially during peak seasons or special events. They analyse market trends, competitor prices, and historical data to suggest the best room rates at any given time.

Guest Satisfaction 52

Guest Satisfaction Book Property Management Pricing 52

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.

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Special Events Events Budgeting Customer Service 40

7 Shifts

NOVEMBER 9, 2022

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. Once you have an email list of people interested to hear from you, you might want to start building your emails.

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Reservations Blog Marketing Events 78

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

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. Going further, to completely flesh out your revenue management forecasting, you should also take competitor pricing and overall market performance into account. Special events & holidays.

Book 52

Book Pricing Reservations Accounting 52

7 Shifts

AUGUST 5, 2021

While restaurant data helps you predict your sales, out-of-the-ordinary scenarios like weather or special events can result in your restaurant being busier or slower than you had expected. To account for this, schedule with on-call employees in mind. With 7shifts scheduling tools, labor law compliance is built-in.

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Scheduling Server Front of House Accounting 148

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.

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Special Events Book Information Reservations 87

Modern Restaurant Management

JULY 6, 2023

Restaurants can request basic information like their phone number or allow customers to connect using their social media accounts, enabling data collection for segmentation purposes. WiFi Hotspot : Offering free WiFi with a captive portal presents an opportunity to collect customer data in exchange for access.

Marketing 178

Marketing Information Communication Reservations 178

The Restaurant Times

JANUARY 18, 2023

Accounting System. An accounting system becomes the critical bookkeeping tool in your restaurant’s information system arsenal by leveraging the power of a robust back-office system. For this, you need an online ordering system compatible with your POS. This information is beneficial for advertising. .

POS Systems 52

POS Systems Information Bookkeeping Scheduling 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.

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Special Events Book Information Reservations 92

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.

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Events Budgeting Special Events Book 135

Modern Restaurant Management

FEBRUARY 10, 2023

Highlight what makes your restaurant special and diners will come check out your place. Social media links The content on your website will be different from content on your social media accounts. Some restaurant social media pages also put the spotlight on diners, creating an atmosphere that may be inviting to would-be customers.

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Reservations Information Events Catering 193

The Restaurant Times

FEBRUARY 18, 2021

If your restaurant only serves vegan food or the food you serve accounts for less than 25% of the complete products sold, you do not need to get this approval. You Need A License For The Events. If you already have one for an existing restaurant you own, you may not have to apply again. But, it is always best to be safe than sorry.

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Events Special Events Accounting Presentation 98

Revenue Hub

OCTOBER 28, 2022

We all know the saying, “what gets measured gets done”, starting with charging the basics and identifying how these are posted, who is auditing, who is accountable, and how it is tracked. Activate your lobby, unused meeting rooms to create day use, co-working spaces, and private rooms attracting the work-from-home clientele.

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Reservations Book Catering Special Events 90