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 23, 2023

The dynamic nature of the market requires properties to keep track of both what’s happening inside their building with large-scale changes in booking velocity, as well as what is happening outside the walls such as special event calendars and overall market differences.

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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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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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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. Promoting special events, discounts, or new menu items through your website helps generate buzz and attract customers and retain loyal ones.

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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. Smart hoteliers view revenue management as a strategic way to improve profits. What are the bottom and starting prices?

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SiteMinder

OCTOBER 15, 2023

Dynamic pricing in the hotel industry works by adjusting room rates based directly on real-time market conditions such as special events, competitor behaviour, weather, customer behaviour, and general supply and demand. Learn more How does dynamic pricing work in the hotel industry?

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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. It represents the total income generated from selling food, beverages, and other services.

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Modern Restaurant Management

JULY 6, 2023

Online Reservations and Ordering : Utilizing online reservation systems and digital ordering platforms allows restaurants to collect customer data during the booking or ordering process. Filling Seats and Measuring Success In this article, we've shown one main example to explain how you can fill up empty seats.

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Revenue Hub

OCTOBER 28, 2022

NB: This is an article from RealTime Reservation. Develop innovative packages, such as girls day by the pool, special occasion, bachelor, or bachelorette packages. Most importantly, empower the guest to personalize and reserve in advance. Read more articles from RealTime Reservation.

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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. billion in room revenue lost in 2020 and 2021.

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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. These data can include traffic counts, special events, airport access etc. These are all factors to be considered.

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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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Revenue Hub

OCTOBER 28, 2022

NB: This is an article from Agilysys. Instead of solely looking at the occupancy (OCC) and average daily rate (ADR) for one room, now properties are looking more closely at the guest (or guests) that reserve these rooms, what they are interested in, and how to capitalize on those interests and capture more of their spend.

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MBB Hospitality

MARCH 18, 2019

Yelp for customer reviews and OpenTable for reservations are also popular sites for restaurant owners. When you set up a Facebook Page for your restaurant, there are several beneficial features that you should take advantage of including: A Book Now button so you can accept reservations. The ability to upload your menu.

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7 Shifts

SEPTEMBER 9, 2021

This article will guide you on employing this essential strategy in your restaurant marketing plan to get increased sales and a higher ROI. Nearly all restaurants host parties and special events throughout the year, such as a grand-reopening. Once they sign up, send your subscribers a thank-you email for making reservations.

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