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Grow Hotel Profits with These Winning Revenue Management Practices

Revenue Hub

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Revenue management is a complex discipline worth implementing. As you know, appropriate pricing is key to any profitable hotel. Spillage, spoilage, and overbooking can destroy your bottom line.

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How to Start a Fast Food Restaurant in 6 Steps

Synergy Suite

The allure of quick, affordable eats is undeniable, but with an industry so vast and competitive, it takes more than just a secret sauce to succeed. This article will walk you through what fast food is and provide an overview of the fast food industry. Traditionally, fast food meant really tasty food at some of the cheapest prices.

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6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

This article discusses how you can write an impactful business plan for your cafe in the UK. . Targeted Audience Analysis: Analyze the demographics or customer groups you are planning to focus on. Competition Analysis: Identify your competitors and include them in your cafe business plan. Financial Analysis.

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How to Deal with Common Challenges in the Hotel Industry? [Updated for 2024]

eZee Absolute

This article talks about all the common challenges in the hotel industry and their possible solutions. Solution Training the new workforce on a regular basis is the only remedy available. This growing number of homestays and competition is one of the challenges in the hospitality industry of 2022.

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How to Start a Hotel Business

Xotels Hotel Revenue Management

In this article we have put together a series of tips on how to start your own hotel business: First Things First – Key Considerations Before Starting a Hotel. At the core of any successful pre-opening phase are well thought through elements of product pricing and positioning such as: Room type strategy (e.g. Distribution (e.g.