Revenue Hub

SEPTEMBER 21, 2023

NB: This is an article from Topline Revenue Management , one of our Expert Partners While discounts may drive short-term bookings, they often come at the expense of profit margins. By bundling these offerings at a slightly higher rate than the regular room price, you can increase the perceived value for guests while maximizing revenue.

Pricing 103

Pricing Concierge Article Blog 103

Revenue Hub

JANUARY 12, 2024

NB: This is an article from Mews It’s all about creating a personalized experience for guests to exceed their expectations and build customer loyalty. Personalization extends across all touchpoints: customer service, the technology you use, guest feedback and employee training, as well as community.

Customer Service 93

Customer Service Concierge Article Training 93

Revenue Hub

NOVEMBER 23, 2023

Properties with a focus on touroperation often find themselves entangled in the complexities of inventory management, strategic pricing, and allotments. The intricate web of dealing with numerous touroperators, each with distinct demands, makes it a formidable task to monitor inventory, pricing strategies, and contractual obligations.

Pricing 90

Pricing Communication Article Book 90

Revenue Hub

JULY 19, 2023

NB: This is an article from Lybra , one of our Expert Partners In this article, we delve into ten comprehensive strategies that can help you drive revenue and enhance guest experiences. Prioritize staff training to ensure excellent customer service, maintain high standards of cleanliness, and strive to personalize guest interactions.

Pricing 89

Pricing Article Strategic Planning Guest Satisfaction 89

Hospitality Magazine

APRIL 17, 2023

It’s simple and free to use — just go to chat.openai.com Start with something simple such as asking it to write a thank-you letter to the local TAFE for sending two apprentices or request better prices from a seafood supplier as they are no longer competitive. Ask it to write a short article about the food of Sicily or wine trends.

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Training Article Marketing Magazine 147

Revenue Hub

SEPTEMBER 25, 2023

NB: This is an article from Agilysys These travellers, who seek accommodation on short notice or without pre-planned reservations, present both opportunities and challenges for hotels. In this article, we will explore the effect of transient travellers on hotel revenue and strategies for capitalizing on this dynamic market segment.

Reservations 96

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Revenue Hub

JULY 4, 2023

They think it’s all about lower prices when it’s actually about online visibility and brand reputation. NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners Lowering prices during low demand is one way to ensure you can maximize your room rates a few weeks later when demand picks up.

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Pricing Article Book Download 82

Revenue Hub

SEPTEMBER 13, 2023

NB: This is an article from IDeaS Whether the prospect of Olympic travelers soon arriving in droves has you excited for a boost in business or nervous about handling the surge, it’s time to tap into that energy and make sure your properties are positioned to make the most of this golden opportunity.

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Pricing Book Events Article 78

Revenue Hub

SEPTEMBER 5, 2023

NB: This is an article from Book4Time For industries with fixed capacities, such as hotels, airlines, and spas, mastering the art of yield management can spell the difference between mediocre returns and roaring success. During peak times or days when appointments are in high demand, prices can be increased.

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Revenue Hub

APRIL 12, 2023

NB: This is an article from IDeaS It should not be forgotten that the practice of upselling is an effective way for hotels to grow profits in such an environment. By using dynamic pricing, hotels can offer more attractive upsell deals to guests during low-demand periods or for unsold inventory.

Pricing 60

Pricing Training Guest Satisfaction Book 60

Modern Restaurant Management

JULY 5, 2022

In my last article I discussed how robots will transform our industry in a big way, but that is a few years off. In this article I will discuss the strategies that I have implemented with my clients across the country. We have created appetizer packages that offer a nice selection of our menu at a reasonable price per person.

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Server Training Article Pricing 173

Revenue Hub

SEPTEMBER 20, 2023

NB: This is an article from Juyo , one of our Expert Partners It goes without saying that the environment was inspiring and also prompts us to think about what is important for an experiential hospitality property data and strategy-wise. Move that frame of reference beyond price to something that can gain a competitive advantage ex.

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Pricing Article Book Events 86

Revenue Hub

MARCH 13, 2023

NB: This is an article from STAAH Subscribe to our weekly newsletter and stay up to date Offer unique experiences: Use the off-season to experiment with new experiences that are unique to your hotel. Optimize revenue management: During the off-season, demand is lower, and hoteliers need to be strategic with their pricing.

Book 71

Book Travel and Tourism Workshop Training 71

Revenue Hub

SEPTEMBER 14, 2023

NB: This is an article from Atomize , one of our Expert Partners You simply can’t escape the ongoing talk about AI and ChatGPT. Keep in mind though that ChatGPT relies heavily on the information it’s trained on. This leaves you with more time to optimize pricing strategies, update rates and seize revenue opportunities.

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Information Pricing Communication Article 87

Revenue Hub

MAY 29, 2024

Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. 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 Because your guests use “breakfast included” as a primary search filter.

Budgeting 96

Budgeting Reservations Download Article 96

Revenue Hub

MAY 15, 2024

NB: This is an article from Kennedy Training Network Subscribe to our weekly newsletter and stay up to date When revenues drop, salespeople are required to meet prospecting quotas, based on a set number of calls, sent emails, DMs, or door knocks. Whenever one hotel starts to outperform, ground is broken by new competitors nearby.

Events 93

Events Book Training Budgeting 93

Revenue Hub

SEPTEMBER 1, 2023

NB: This is an article from TrustYou The more prepared you and your staff are to handle guest complaints, the less likely a negative experience will damage your hotel’s reputation. Prices and Hidden Fees No one likes to encounter hidden fees. That’s why price transparency is fundamental to guest satisfaction.

Guest Satisfaction 102

Guest Satisfaction Housekeeping Maintenance Pricing 102

MBB Hospitality

NOVEMBER 15, 2023

This article explores effective strategies for controlling food costs while maximizing restaurant revenue. It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. Building strong relationships with suppliers can lead to more favorable pricing and terms.

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Training Pricing Portion Control POS Systems 52

Revenue Hub

AUGUST 31, 2023

NB: This is an article from WebRezPro Contrary to instinct, drastically reducing room rates won’t guarantee midweek bookings. While price is a major factor in planning travel (especially with current inflation and for millennial and Gen Z consumers), guests also want the best value for their money.

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Book Article Information Events 99

Revenue Hub

NOVEMBER 1, 2023

NB: This is an article from Hotelogix However, it’s much more complicated than that, so understanding what GAC is and how to calculate Guest Acquisition Cost (GAC) correctly is crucial. So, how much does it cost to acquire a booking at your hotel? At first, this seems to be a straightforward metric.

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Article Marketing Information Book 96

Revenue Hub

SEPTEMBER 28, 2023

NB: This is an article from Lybra , one of our Expert Partners As the significance of “revenue management system” and “revenue management” grows, understanding their intrinsic value becomes crucial for modern hoteliers. This adjustment is based on predicted demand, prevailing market conditions, and various hotel-centric factors.

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Pricing Article Book Marketing 96

Revenue Hub

MAY 29, 2024

Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. 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 Because your guests use “breakfast included” as a primary search filter.

Budgeting 80

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Revenue Hub

APRIL 3, 2023

NB: This is an article from Demand Calendar It is also easy to agree that hotels need marketing, sales, and revenue management knowledge. Collaborative pricing strategy: Develop a joint pricing strategy that considers market demand, competitor rates, and guest/customer expectations to maximize total revenue.

Communication 75

Communication Information Article Training 75

Revenue Hub

APRIL 22, 2024

NB: This is an article from gcommerce Subscribe to our weekly newsletter and stay up to date They look at their media mix, replete with reasonable allocations to paid search, social media, display, SEO, and metasearch, and feel like they have covered their proverbial bases.

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Larry Mogelonsky

NOVEMBER 6, 2023

While an article could solely focus on the metaverse applications – that is, the use of AR, VR and MR interoperable digital spaces – to enhance wellness, we rope in web3 and blockchain technologies here because there’s many interesting overlaps. The pie will get larger, as they say.

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Training Pricing Information Property Management 100

Larry Mogelonsky

DECEMBER 4, 2023

We have written several articles regarding hotels that are part of what we call ‘The Mille Club’. Yes, of course, they do but not at the disproportional levels when you cross the psychological threshold of passing four figures in your sticker price.

Housekeeping 100

Housekeeping Pricing Scheduling Reservations 100

Revenue Hub

FEBRUARY 20, 2024

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. This often happens because they find a better price elsewhere.

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Pricing Book Download Accounting 99

Revenue Hub

JUNE 6, 2023

NB: This is an article from Hotellistat , one of our Expert Partners In general, TRM is a strategic approach to increase any revenue in the hotel. Training courses and also accompanying training courses are ideal here. Where is the best place to start with this complex topic? Tops and flops analysis.

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Pricing Reservations Marketing Communication 62

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. There are more reasons to travel to the destination, and the guests are less price sensitive than before.

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Maintenance Travel and Tourism Special Events Guest Satisfaction 79

Revenue Hub

MARCH 22, 2023

NB: This is an article from TrustYou By turning feedback into valuable data, you can better understand what your guests like and dislike about your property and make adjustments where necessary. On the other hand, Price, WiFi, and Room were negative impacts, decreasing performance.

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Maintenance Article Book Pricing 81

Restaurant Engine

NOVEMBER 24, 2021

Food prices are rising across the board, and this affects restaurants just like yours. As a food service entrepreneur, you want to control your costs as much as possible, so you don’t have to drastically increase menu prices and pass them on to your customers. Manage your food costs and watch your restaurant grow and thrive.

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Pricing Article Training Marketing 119

Revenue Hub

JANUARY 23, 2023

NB: This is an article from Demand Calendar The main reason for rethinking commercial work in the hotel is that the hotel cannot afford to add staffing to each silo to handle an additional workload. room revenue or food & beverage revenue) and wants to optimize the pricing and inventory accordingly.

Communication 84

Communication Pricing Guest Satisfaction Article 84

The Restaurant Times

OCTOBER 12, 2020

This article discusses some key challenges that food delivery businesses face today. Unstable Market Prices. Several factors affect the prices in the food industry. Businesses dealing in food delivery often cannot track or keep up with market prices and struggle to find the right pricing strategy.

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Pricing Training Marketing Catering 98

Revenue Hub

NOVEMBER 30, 2023

NB: This is an article from Topline Revenue , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date 1. Pro Tip : Train your staff to upsell subtly, focusing on the value-added benefits rather than the monetary aspect. So, buckle up, and let’s explore five creative approaches to elevate your revenue game.

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Book Article Training Marketing 81

Restaurant Engine

JANUARY 26, 2022

In this article we look at how to improve your food service bottom line with these seven financing solutions. #1: 1: Change Your Pricing. The first and easiest food service financing solution is to adjust your menu pricing. Does a price change make sense? Will a price increase upset your customers and drive them away?

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Pricing Training Customer Service Scheduling 59

Revenue Hub

JULY 6, 2023

NB: This is an article from Shiji ReviewPro But before you rush into making any decisions, it’s important to understand what types of chatbots are out there and which one best suits your organization. Since the technology and implementation are simpler, the price is usually also more affordable. appeared first on Revenue Hub.

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Restaurant Engine

JANUARY 27, 2021

In this article, we look at how daily lunch specials can drive new patrons at your restaurant. Offer a Fixed Price Lunch Special. You can bring in new patrons (think office workers) with a fixed price lunch special. For example, create a three-course, fixed price daily lunch special with a couple of choices for your new patrons.

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Catering Pricing Marketing Training 116