Synergy Suite

DECEMBER 5, 2023

Running a restaurant is a dream for many, but it’s also a business fraught with challenges. From fluctuating food costs to ever-changing customer preferences, the restaurant industry is known for its volatility. Your restaurant’s expenses consist of two main components: fixed costs and variable costs.

Pricing 52

Pricing Budgeting Information Marketing 52

Synergy Suite

NOVEMBER 30, 2023

Operating a thriving restaurant involves more than merely presenting delectable dishes and designing a welcoming ambiance. It requires a keen understanding of your restaurant’s finances and, in particular, the concept of prime costs. Controlling them effectively can significantly impact your bottom line.

Portion Control 52

Portion Control Scheduling Pricing Training 52

eZee Absolute

JULY 31, 2022

But with the ever-growing competition, how can small hotels keep up? How can small accommodation providers keep revenue flowing? So without further ado, let’s find out how to increase revenue in small hotels and help them thrive! How to Maximize Revenue for Small Hotels? Wait, there’s also a bonus.

Blog 52

Blog Pricing Book Property Management 52

SiteMinder

OCTOBER 10, 2023

Hoteliers utilise discount pricing to fill rooms during slow seasons, entice loyal customers, or to stay competitive when market conditions change. By understanding and employing discount pricing strategically, hotels can maximise revenue, improve guest satisfaction, and enhance their overall brand image.

Pricing 59

Pricing Guest Satisfaction Book Events 59

SiteMinder

JULY 25, 2022

Average daily rate (ADR) remains an important metric to talk about within the hotel industry. Data is becoming ever more valuable as hoteliers look for ways to recover from economic setbacks, grow their business, and gain an edge over the competition; so ADR is often crucial. How to calculate ADR? How to increase ADR in a hotel?

Pricing 52

Pricing Book Blog Marketing 52

The Restaurant Times

JANUARY 28, 2022

If you are in the restaurant business, you must know that its service quality primarily depends on its staff. Therefore, as a restaurateur, you must go the extra mile to build a distinctive brand identity in a competitive restaurant space, especially in a country like the UAE, where the restaurant industry market size stood at $13.2

Training 52

Training Customer Service Blog Marketing 52

Les Roches

APRIL 13, 2023

This is resulting in changes in how customers interact with companies, from personalized campaigns tailored to their interests to automated customer service solutions. Digitization has become an integral part of how businesses interact with customers, as it allows personalized, real-time engagement and feedback.

Customer Service 52

Customer Service Training Hospitality Management Information 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Always be ready to shift to any unexpected changes – being agile is what gets you ahead of the competition and allows you to be a market leader.

Pricing 52

Pricing Book Budgeting Marketing 52

SiteMinder

OCTOBER 15, 2023

Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue. This blog will give you a full guide to hotel dynamic pricing, how it works, and the best ways to implement it at your business. Learn more How does dynamic pricing work in the hotel industry?

Pricing 59

Pricing Definition Book Marketing 59

Synergy Suite

NOVEMBER 2, 2023

Running a successful restaurant goes beyond crafting delectable dishes and providing excellent service; it involves strategic financial management, with labor costs being a crucial aspect, that includes the intricacies of labor cost percentage. Restaurant labor cost percentage is a bit different than just plain old restaurant labor cost.

Scheduling 52

Scheduling Training Information Cost Reduction 52

Synergy Suite

AUGUST 4, 2023

Restaurant enterprises know that consistently delivering an exceptional experience is the secret ingredient that separates good brands from great brands. Having a back of house that runs intelligently helps restaurant operators achieve consistent, profitable, streamlined experiences for their guests.

Back of House 52

Back of House Information Communication Blog 52

SiteMinder

OCTOBER 24, 2022

In a competitive environment like the hotel industry, there’s an art and a science to ensuring your business is found, noticed, and booked by travellers instead of your closest competitors. In this blog, we’ll explore the key role of advertising in bringing your hotel success, and how you can make your advertising strategy the best it can be.

Budgeting 72

Budgeting Book Blog Pricing 72

Synergy Suite

OCTOBER 5, 2023

Revenue is the lifeblood of any restaurant business. Just like with any business, understanding and effectively managing restaurant sales and revenue is crucial for long-term success. In this article, we’ll explain the definitions of revenue and sales, how they’re different, and how to calculate each of them.

Catering 52

Catering Information Events Labor Cost Controls 52

Modern Restaurant Management

JULY 20, 2021

This edition of MRM Research Roundup features the latest news on restaurant recovery, delivery trends, top ice cream toppings and the ideal "delivery doughnut." Total restaurant visits were down -6 percent in May 2021 compared to May 2019 but were up +23 percent from a year ago, recovering from a -23 percent decline in May 2020.

Marketing 190

Marketing Definition Scheduling Book 190

Synergy Suite

NOVEMBER 23, 2023

Running a restaurant involves more than just creating delicious dishes and providing excellent service. It may sound complicated but, in this chapter we’ll dive deep into what EBITDA is, why it’s important for your restaurant, and how you can use this metric to gauge and improve your business’s financial health.

Accounting 52

Accounting Information Demo Marketing 52

7 Shifts

FEBRUARY 26, 2021

While easy, this way ends up costing more in the short term, does not contribute to long-term growth, and can end up hurting your business. What are the benefits of self-operated delivery for restaurants? These fees, when not managed, cut deep into razor-thin margins, and in some cases, can contribute to a restaurant closing for good.

Maintenance 136

Maintenance Front of House Training Blog 136

Synergy Suite

DECEMBER 14, 2023

Running a restaurant is a complex and demanding endeavor, and one of the key challenges that restaurant owners face is managing inventory efficiently. Efficient inventory management is crucial for the smooth operation of your restaurant and directly impacts your bottom line. What is Inventory Turnover Ratio?

Menu Planning 52

Menu Planning Information Procurement Training 52

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. It can take time to get everything right and as we can see there’s a lot to be aware of.

Travel and Tourism 59

Travel and Tourism Book Housekeeping Customer Service 59

Synergy Suite

NOVEMBER 9, 2023

In the complex world of restaurant management, waste and food cost control stand as paramount metrics for sustained success. At its core, waste and food cost control is a strategic approach to managing expenses associated with the procurement, preparation, and disposal of food in a restaurant. What is Waste and Food Cost Control?

Portion Control 52

Portion Control Procurement Training Communication 52

eZee Absolute

SEPTEMBER 21, 2023

In this blog, we will delve into the world of hotel virtual tours, shedding light on what they are, why they matter, and how they are transforming the hospitality landscape. Benefits of Virtual Tours Types of Hotel Virtual Tours How to Create a Compelling Hotel Virtual Tour Where to Display Virtual Tours?

Book 52

Book Information Marketing Guest Satisfaction 52

Synergy Suite

APRIL 11, 2023

Websites are a valuable tool in any business, but it can be the springboard to success for a restaurant. If a restaurant has a great restaurant website, you can attract more customers, build partnerships with vendors, and hire those looking for specific work, all at little to no cost to the business.

POS Systems 52

POS Systems Reservations Information Definition 52

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. It can take time to get everything right and as we can see there’s a lot to be aware of.

Travel and Tourism 52

Travel and Tourism Book Housekeeping Customer Service 52

Synergy Suite

NOVEMBER 16, 2023

When it comes to restaurant management, deciphering the intricacies of menu item performance is essential for culinary success. Menu item performance refers to the assessment of how well individual dishes or items on a restaurant’s menu are faring in terms of sales, profitability, and customer satisfaction.

Training 52

Training Presentation Pricing Information 52

EATER

SEPTEMBER 29, 2020

An all-you-can-eat Taco Bell. People swear that all-you-can-eat buffets could be found at Taco Bell, KFC, and even under the golden arches of McDonald’s. How did it become a footnote, relegated to the backwoods of myths and legends? Yes, someone tells me — an all-you-can-eat Taco Bell existed in her dorm cafeteria.

Blog 130

Blog Catering Training Information 130

eZee Absolute

JANUARY 9, 2023

Now, these individuals who can work from anywhere, are looking for the perfect place to park their laptops. In this article, we’ll show you how to make your hotel the ultimate destination for digital nomads. How Can Hotels Benefit from Hosting Digital Nomads? How Can Hotels Benefit from Hosting Digital Nomads?

Book 52

Book Catering Reservations Marketing 52

Xotels Hotel Revenue Management

MARCH 4, 2020

By adopting a proactive stance and implementing a series of tried-and-tested tactics, your hotel can blossom in what traditionally is considered low season. First of all, you can mine your own customer data and communicate with clients (via email, phone or social media) to identify customer trends, needs and wants.

Blog 52

Blog Pricing Training Accounting 52

SiteMinder

OCTOBER 11, 2022

Technology in the hotel industry continues to advance at a rapid pace and hotel property management software (PMS) remains essential for hoteliers looking to improve how they run their business. We’re going to take you through everything you need to know about hotel PMS so you can make the best-informed decision for your hotel.

Housekeeping 52

Housekeeping Property Management Book Reservations 52

SiteMinder

MAY 10, 2022

Creating a website where travellers can reach you directly is a great step in generating extra revenue for your hotel. This is tied to the fact that a hotel is so much more than rooms and beds – in 2022 your hotel and everything in it is a product that can be made profitable. Functionality.

Book 52

Book Information Reservations Server 52

Xotels

JULY 5, 2022

However, as a hotel management company , we have seen that with the right approach, tech stack, and process streamlining, hotels can drive their success in 2022 and beyond. Many challenges in the hotel industry remain, though. Whoever is able to deliver on both fronts will stand to gain, in a fiercely competitive market.

Travel and Tourism 52

Travel and Tourism Marketing Communication Blog 52

Synergy Suite

JANUARY 12, 2024

What is Restaurant Analytics? Restaurant analytics is the practice of collecting, analyzing, and interpreting data related to various aspects of restaurant operations. The goal is to gain actionable insights that can lead to improved decision-making, enhanced efficiency, and increased profitability.

POS Systems 52

POS Systems Information Pricing Accounting 52

Xotels Hotel Revenue Management

APRIL 3, 2024

Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open. Without a healthy distribution mix including a strong website and direct sales, you can forget about your profit margins.

Pricing 76

Pricing Book Marketing Information 76

SiteMinder

APRIL 11, 2024

This can include both efforts by Airbnb itself to attract users to its platform, and individual hosts promoting their own Airbnb properties. Table of contents Can you advertise on Airbnb? Yes, hotels can advertise on Airbnb by listing their rooms or properties on the platform, much like individual hosts do with their accommodations.

Book 98

Book Pricing Marketing Information 98

Modern Restaurant Management

AUGUST 16, 2021

This edition of MRM Research Roundup features the latest facts and figures of restaurant operations, the state of business dining, and the mid-year gift card report. The State of the Restaurant Industry. Quick service restaurants (QSRs), representing 81 percent of restaurant visits in the U.S., foodservice industry.

Marketing 180

Marketing Pricing Download Presentation 180

Synergy Suite

OCTOBER 26, 2023

Running a successful restaurant is not just about creating delicious dishes and providing excellent service; it’s also about managing your finances effectively. One crucial aspect of financial management in the restaurant industry is understanding and optimizing the Cost of Goods Sold (COGS). What is COGS?

Pricing 52

Pricing Portion Control Communication Menu Planning 52

Synergy Suite

JULY 5, 2023

Restaurant management software is a complete game-changer for everyone involved in managing, or working in, a restaurant business. To learn more about what a restaurant management software is, you can hop on over to our other articles: What is Restaurant Management Software?

Maintenance 52

Maintenance POS Systems Server Training 52

Modern Restaurant Management

MAY 12, 2020

In this edition of MRM News Bites, read about efforts to help the restaurant industry and heroes as well as "new normal" restaurant technology and products. The Dining Bond Initiative, a campaign that helps get funds to restaurants impacted by the coronavirus COVID-19, has gone global. Dining Bond Goes Global.

Sanitation 151

Sanitation Marketing Information L&D 151

7 Shifts

NOVEMBER 19, 2019

Before restaurants can record a profit, they need to take several expenses into account—inventory, kitchen equipment, building utilities, and of course, labor. What is Restaurant Labor Cost Percentage? Restaurant Labor Cost Percentage = ($81,000) ÷ ($300,000) x 100%. Restaurant Labor Cost Percentage =.27

Scheduling 101

Scheduling Budgeting Accounting Document 101