SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. This guide covers all you need to know about this essential hotel benchmarking tool: what an STR report is, what it can tell you, how to get one and how to read and analyse one. An STR report can help you to: Benchmark and compare your performance.

Marketing 52

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Synergy Suite

MAY 13, 2024

Successful fast food ventures distinguish themselves by excelling in specific areas – be it food quality, speed of service, sustainability practices, or even an innovative food concept. Company Overview: where you provide a deep dive into the business model, structure, ownership, and the brains behind the operation.

Document 52

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Synergy Suite

DECEMBER 19, 2023

It’s a metric that, when properly understood and managed, can help you optimize your operations, enhance customer satisfaction, and boost your bottom line. It’s a metric that, when properly understood and managed, can help you optimize your operations, enhance customer satisfaction, and boost your bottom line.

POS Systems 52

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SiteMinder

OCTOBER 10, 2023

Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. Competitive benchmarking In a market teeming with choices, staying competitive is paramount. What is hotel price monitoring?

Pricing 59

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Synergy Suite

DECEMBER 5, 2023

Goal Setting and Benchmarking To drive your restaurant toward success, you need specific goals and metrics to measure progress. From fluctuating food costs to ever-changing customer preferences, the restaurant industry is known for its volatility. ” What is the Break-Even Point? That’s where the break-even point comes in.

Pricing 52

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Synergy Suite

OCTOBER 4, 2022

An efficient human resources department has a significant amount of positive influence over the restaurant in which they operate. Developing a healthy corporate culture with benchmarks regarding behavior, conduct, and other elements makes it easier to maintain a specific direction regarding the atmosphere or face of your brand.

Regulatory Compliance 52

Regulatory Compliance Training Scheduling Communication 52

Xotels

JULY 5, 2022

Rising operational costs. In 2022, there are many challenges faced by the hotel industry, which may quickly feel overwhelming to address. 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. Hiring the Right Employees.

Travel and Tourism 52

Travel and Tourism Marketing Communication Blog 52

Synergy Suite

OCTOBER 5, 2023

Track operational costs and assess how revenue relates to expenses It’s important to keep track of sales data with daily reporting, learn more about Why You Need A Daily Sales Report. Just like with any business, understanding and effectively managing restaurant sales and revenue is crucial for long-term success.

Catering 52

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Xotels Hotel Revenue Management

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

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MBB Hospitality

OCTOBER 2, 2019

They also offer assistance with developing operations and training documentation and franchisee recruitment marketing strategies. For existing franchisors, services include franchise system best practices and benchmarking and organizational audits, improved franchisee support systems and franchise sales coaching.

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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. foodservice industry. foodservice industry. Quick service restaurants (QSRs), representing 81 percent of restaurant visits in the U.S.,

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Modern Restaurant Management

OCTOBER 31, 2019

Rakuten Ready unveiled a benchmark study enlisting secret shoppers to evaluate the Order for Pickup customer experience and wait times at 25 top quick-service restaurant, retail and grocery brands across the U.S. While some things never change (we all know to prepare for the end-of-summer turnover when college students return to school!)

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