Revenue Hub

JUNE 27, 2023

NB: This is an article from Cvent To accurately focus the algorithms to increase occupancy without sacrificing ADR and RevPAR, hoteliers must understand their customers and their customer behaviour. . ● Different market segments. ● Day of week patterns. ● The average length of stay (ALOS) of guests. ● Room type preferences.

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Revenue Hub

JANUARY 9, 2024

NB: This is an article from IDeaS That’s a simple truth, but it’s really at the heart of why forecasting matters. Read the full article at IDeaS The post Hotel Demand Forecasting: A Beginner’s Guide appeared first on Revenue Hub. A demand forecast is an essential guiding force for hotel revenue success.

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Revenue Hub

SEPTEMBER 25, 2023

NB: This is an article from Demand Calendar It’s the go-to explanation, the default setting, and the universal scapegoat for low occupancy rates. In other words, the hotel stay usually accompanies the main attraction or purpose of the visit — a beach getaway, a business conference, or a special event like a concert.

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Revenue Hub

JULY 24, 2023

NB: This is an article from Demand Calendar Factors such as the destination’s appeal for tourism, business events, cultural festivals, and other attractions are the primary drivers of the demand for overnight stays. The demand for hotel accommodations is closely linked to the demand for travel to a specific destination.

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Revenue Hub

NOVEMBER 2, 2023

Of course, from discounted rates to special inclusions, there are many ways that hoteliers can tempt potential guests and encourage them to book a stay. As all hoteliers and hospitality marketers know, the travel-planning journey can involve multiple steps across multiple touch points.

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Modern Restaurant Management

SEPTEMBER 21, 2023

Post Regular Content : Google My Business allows regular posting of updates, special events, and promotions. Content : In traditional SEO, Conclusão O SEO local é uma parte essencial do marketing digital para restaurantes e outros negócios locais. Keep your profile updated to engage your customers.

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Revenue Hub

SEPTEMBER 5, 2023

NB: This is an article from BEONx , one of our Expert Partners Effective management of room inventory can make or break a hotel’s reputation and bottom line. In this article, we’ll delve into the best practices that hotels can adopt to master the art of hotel room inventory management.

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Revenue Hub

NOVEMBER 2, 2022

While Black Friday and Cyber Monday sales have surged in popularity over the past decade, most hotels still need to set up separate campaigns for selling rooms, event tickets, and other ancillary spend throughout the holiday season. NB: This is an article from Cendyn , one of our Expert Partners. Read more articles from Cendyn.

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Revenue Hub

JULY 11, 2023

NB: This is an article from Lybra , one of our Expert Partners Amid a sea of considerations, ranging from efficient staff management and impeccable property upkeep to top-tier customer service, revenue management emerges as a critical linchpin. This could involve dynamic pricing, special promotional offers, or targeted marketing campaigns.

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Revenue Hub

OCTOBER 30, 2023

From there, demand forecasting is influenced by performance data, price sensitivity, overrides, and other inputs like Special Event tags for appropriate outlier days. A responsive forecast that quickly adapts to not just changing market conditions, but user input. The end result?

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from eZee Absolute Curious about how you can tap into this for your hotel? So, here are some tried-and-true tactics to help you achieve just that: Market Your Ancillary Services Effective marketing is essential to ensure guests are aware of the ancillary services you offer.

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The Restaurant Times

MARCH 17, 2023

Restaurant marketing strategies help restaurant owners increase sales and profits. The problem, though, is that restaurant marketing strategies can take a lot of different shapes, and only some tactics will appeal to every customer. This is a fantastic on-site marketing strategy. Read along!

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Synergy Suite

MARCH 7, 2023

In this article, we’ll explore what a restaurant reservation system is, what the benefits can include, and then provide some examples of the top restaurant reservation systems currently on the market. This data can inform marketing strategies, menu adjustments, and overall business decision-making.

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Les Roches

DECEMBER 30, 2023

In this article, we will delve­ into the key differe­nces betwee­n products and services in the hospitality industry. By the e­nd of this article, you will have a solid understanding of product/service differences and how these­ distinctions manifest themselve­s in various sectors, with a particular focus on the hospitality industry.

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Revenue Hub

OCTOBER 23, 2023

Even when an individual university shifts an event date like a family weekend, it can cause a sudden surge in bookings on an off weekend. Read more articles from Duetto Reprinted from the Hotel Business Review with permission from www.HotelExecutive.com The post Understanding Your Guest Profitability appeared first on Revenue Hub.

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SiteMinder

OCTOBER 15, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. This pricing option is well suited in today’s market and is one many hoteliers opt to use. Table of contents What is the difference between static and dynamic rates for hotels?

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Revenue Hub

APRIL 11, 2023

The optimal distribution mix for a hotel depends on the hotel’s target market, location, size, and unique selling points. NB: This is an article from Demand Calendar However, no one-size-fits-all answer exists, as each hotel must consider its specific situation and goals.

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Les Roches

JULY 11, 2023

In this article, we’ll go over the main differences between customers and consumers and how this affects people working in hospitality careers. We’ll also discuss what steps you can take to improve your knowledge of customer service and how to tailor marketing to the consumer or customer you want to engage.

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MBB Hospitality

NOVEMBER 15, 2023

This article explores effective strategies for controlling food costs while maximizing restaurant revenue. Additionally, exploring local markets and seasonal products can yield fresher ingredients at lower costs due to reduced transportation expenses. Another aspect of strategic purchasing is the consolidation of suppliers.

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Modern Restaurant Management

JULY 6, 2023

marketers have witnessed business growth by using personalized messaging. While all three methods mentioned above enable restaurants to acquire customer data, only the WiFi captive portal option provides an opportunity for automated marketing integrations, also known as integrated WiFi marketing. Surprisingly, 88 percent of U.S.

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Restaurant Engine

FEBRUARY 8, 2023

What’s more, you also know that social media marketing is vital in today’s digital world. This article examines why the best restaurants have these four social media accounts and how you can harness their power for your business. #1: You may also be trying to use multiple platforms.

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Revenue Hub

JUNE 13, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners One component is “dynamic pricing.” We’ll define these terms in the rest of the article and offer examples for each. What about the pickup and average rate per room when comparing channels and markets?

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Les Roches

DECEMBER 21, 2022

In this article, we’ll go over everything from the history of revenue management to the different ways you can assess revenue in a hotel. Making the most of marketing – This includes making sure you are visible as well as using the best platforms possible for your target audience.

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The Restaurant Times

DECEMBER 3, 2021

If you are a pub owner and want to attract more customers to your business again, you must come up with out-of-the-box ideas and establish a good marketing tool. Marketing is never simple, but it’s significantly more difficult in a crowded market. 4 Pub Event Ideas To Attract More Customers . Live Music .

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Les Roches

MARCH 16, 2023

Whether you are hoping to learn more about the qualifications you require or wish to understand how to start your career in luxury travel, we explore how to become a luxury hotel advisor and answer some frequently asked questions in this article. They may be looking to book a trip for a honeymoon, wedding, or special event.

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Synergy Suite

APRIL 11, 2023

So before deciding to forego building your restaurant website in order to save a little money, you may want to read through this article and consider what you might be missing. The increased visibility helps you tap into new markets and attract a diverse customer base. Everything leads back to your website and social media handles.

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POS Systems Reservations Information Definition 52

Synergy Suite

OCTOBER 5, 2023

In this article, we’ll explain the definitions of revenue and sales, how they’re different, and how to calculate each of them. Keeping a close eye on trends in your restaurant’s revenue can help you adapt to changing market conditions. It represents the total income generated from selling food, beverages, and other services.

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Revenue Hub

JUNE 27, 2023

NB: This is an article from Agilysys Subscribe to our weekly newsletter and stay up to date At the heart of this approach is achieving a level of personalization triggered by preferences and other rich insights captured before a guest’s arrival, while on-site and after the guest returns home.

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Les Roches

DECEMBER 27, 2023

In this article, we delve into the world of guest services, exploring what they are, their significance and how they differ from customer service in the hospitality industry. Catering to the needs of guests and ensuring their satisfaction is a fundamental aspect of running a successful hospitality business and achieving customer excellence.

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Guest Services Definition Customer Service Concierge 52

Synergy Suite

OCTOBER 12, 2023

In this article, we explore what gross profit margin is, how to calculate it, and how it is distinguished from other profitability metrics like net and operating margins. Monitor market trends and adjust your offerings accordingly and continuously assess your operations for cost-saving measures.

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. The goal of this exercise is to be a catalyst for discussion and analysis of your hotel and the market in which it competes.

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Revenue Hub

OCTOBER 28, 2022

NB: This is an article from RealTime Reservation. More ideas may include the following: Consider packaging the airport shuttle with property parking, special events with photography services, and waivers with activities, all incentivizing guests to take advantage of both offerings at once. Be sure to engage your marketing team.

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Revenue Hub

AUGUST 22, 2023

NB: This is an article from Agilysis While revenue per available room (RevPAR) has been the most common metric to hotels in the past, today they are finding revenue per available guest (RevPAG) to be even more important. They are creating exceptional experiences for guests and ensuring zero disappointment – a crucial factor in hospitality.

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The Restaurant Times

JUNE 26, 2021

This article will present you with ideas on how to use a restaurant CRM system to grow your business. Furthermore, it is a great marketing tool that facilitates personalized marketing campaigns and effectively communicates the offers and discounts of your restaurant. . Improves Marketing. What Is A Restaurant CRM System?

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Revenue Hub

OCTOBER 28, 2022

NB: This is an article from Agilysys. 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. Read more articles from Agilysys.

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MBB Hospitality

MARCH 18, 2019

If you own a business, especially a restaurant in today’s competitive markets, then a good social media strategy is a must. Here’s your guide to social media marketing for restaurants. If you have a food truck, it is a great place to announce special events and changes in your business hours or daily specials.

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The Restaurant Times

FEBRUARY 18, 2021

This article covers a list of things that restaurant owners must consider before opening a restaurant business in London. You cannot open any eating establishment without this license whether your business is home-based, a mobile van, a market stall or has its own location. You Need A License For The Events.

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