Synergy Suite

MARCH 21, 2023

Running a successful restaurant involves more than just serving delectable dishes and creating a warm ambiance. Efficiently managing your restaurant’s tables and reservations is a critical aspect that can significantly impact your overall success. What is a Restaurant Table Management System?

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Synergy Suite

JUNE 27, 2023

An all-in-one restaurant management system encompasses various components that work together to streamline and optimize different aspects of restaurant operations. In this article, we dive into the different aspects of a quality restaurant management system, and discuss how each piece helps to serve the others.

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STAAH

AUGUST 1, 2023

A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. Here are 6 hotel sales strategies to increase your revenue. Here are 6 hotel sales strategies to increase your revenue. 2) Use Social media marketing: Social media is a powerful tool to increase hotel sales.

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Synergy Suite

APRIL 12, 2024

It’s no secret that the restaurant industry is highly competitive. Restaurant owners know it’s important to become a family favorite because this can help eliminate choice overload (having too many choices to pick from). What is profit margin and how does it impact restaurants? Let’s get started!

Pricing 52

Pricing Training Reservations Scheduling 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

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Pricing Book Budgeting Marketing 52

Lithos POS

MARCH 26, 2024

In this blog, we’ll delve into the evolution of self-service and self-checkout technology, its pros and cons for business owners and consumers, implementation challenges, and the way forward. Apart from that, 10% of customers would avoid a restaurant with no digital menus. Did you know?

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Synergy Suite

OCTOBER 12, 2023

In the competitive realm of the restaurant industry, understanding and optimizing your financial performance is paramount to success. While tracking total revenue and sales is vital, it’s crucial to dig deeper and delve into your restaurant’s profit margins. Gross Profit Margin: What is it?

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eZee Absolute

JANUARY 9, 2024

And, I cannot possibly emphasize enough the importance of cashless payments for hotels and restaurants. Now, as a hotelier or restaurant owner, you must be thinking, ‘We know it can be hassle-free, but the complicacies are way too much!” Not AI, not high-speed internet, or any other technology for that matter.

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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.

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Pricing Budgeting Information Marketing 52

Synergy Suite

APRIL 24, 2023

Because of this, an online ordering system has become absolutely essential to keeping a restaurant business alive and thriving. What They Are, and What They Do In today’s digital age, online ordering systems have revolutionized the way restaurants manage takeout and delivery orders. What is an Online Ordering System?

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SiteMinder

SEPTEMBER 6, 2023

Booking promotions serve multiple strategic purposes: Increasing occupancy rates: Promotions can help fill rooms during low-demand periods and help a hotel “piggyback” on subjects that are already front of mind for their audience. What are hotel promotions? Valentine’s Day or Christmas). Consider the average business traveller.

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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.

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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?

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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.

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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.

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Synergy Suite

NOVEMBER 9, 2023

In the complex world of restaurant management, waste and food cost control stand as paramount metrics for sustained success. From deciphering the components of the equation to scrutinizing key data points, let’s delve into the essential elements that define effective cost control in the culinary world.

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The Restaurant Times

FEBRUARY 25, 2022

The influx of tourists is owing to the cultural diversity prevalent in the country, leading to the restaurant industry’s growth. The struggling restaurateurs have found it challenging to overcome the ill impacts of the pandemic and they are trying to discover the reasons why restaurants fail. High Rentals. Too Much Competition.

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NCC USA

MARCH 31, 2023

But in addition to being a vital part of your checkout process, your POS system is a data center that, when utilized to generate POS reports, can be the most powerful resource for making business decisions. In this blog, we will be going over 7 POS reports you should be pulling on a regular basis and what can be gleaned from these reports.

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Synergy Suite

FEBRUARY 7, 2023

A seamless restaurant Point of Sale (POS) and payment processing experience can make all the difference in shaping a customer’s perception of your restaurant. A good restaurant POS system not only ensures smooth and accurate transactions but also enhances operational efficiency and customer satisfaction.

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Synergy Suite

SEPTEMBER 9, 2022

The restaurant industry has been tossed through a laundry list of change, and forced innovations since early 2020. But even before the pandemic, restaurants have always been a remarkably difficult industry for business owners. Many operators are looking into new ways to optimize their revenue. This is known as menu engineering.

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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.

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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. What Are Prime Costs? Controlling them effectively can significantly impact your bottom line.

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Xotels

JULY 5, 2022

To drive true personalization , the right data management technologies can do most of the work for you, while effectively capturing, storing, analyzing, and interpreting each customer’s data on a micro level, while also spotting trends on a macro level. Article summary: Experience & Personalization. Hiring the Right Employees.

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SiteMinder

MAY 10, 2022

Creating a website where travellers can reach you directly is a great step in generating extra revenue for your hotel. Your website can help you unlock this revenue if it’s professional, attractive, and fully integrated. Core elements of a revenue generating hotel website. Table of contents. Functionality.

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Les Roches

JANUARY 12, 2024

Like most industries, hospitality has also be­en affected by digital transformation, re­sulting in a shift from traditional promotion methods to more innovative digital marke­ting strategies. This guide provide­s valuable insights and tips on digital marketing techniques that are effective and spe­cifically designed for the hospitality se­ctor.

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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. This includes sales data, customer behavior, inventory levels, labor costs, and more.

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Lithos POS

JANUARY 27, 2022

Why do restaurants fail? Larger restaurant chains such as Starbucks, McDonald’s, Subway, and Yum China are examples of how successful the restaurant business is. 5 Largest Fast Food Chains and Revenue (USD billions) | Lithospos. Why Restaurants Fail: Avoid These Mistakes. There is a lot to know. Management.

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Hotelogix

OCTOBER 18, 2023

Benefits of a Hotel POS System A Hotel Point of Sale (POS) system offers a range of benefits that contribute to streamlined operations, improved guest experiences, and increased profitability within the hospitality industry. Let's get started.

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Xotels Hotel Revenue Management

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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eZee Absolute

DECEMBER 7, 2023

Table of Content Sustainable Practices Technology Integration Health and Safety Food and Beverage Trends Wellness and Well-being Marketing and Branding Revenue Strategies Sustainable Practices According to a survey conducted by Trip.com, 69% of travellers actively seek out sustainable travel options. Let’s take a look at it one by one.

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SiteMinder

APRIL 11, 2024

Medium sized hotel brands can grow a significant revenue stream by promoting their Airbnb listings , considering how popular the platform is among travellers. What is Airbnb advertising? This can include both efforts by Airbnb itself to attract users to its platform, and individual hosts promoting their own Airbnb properties.

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SiteMinder

NOVEMBER 22, 2023

Customer journey insights with SiteMinder Gain access to deep analytics on your guest’s behaviour at every major touchpoint in their booking journey with SiteMinder. This makes it clear that choosing a destination is a time-consuming process for a traveller and one that draws on many different resources.

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

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Synergy Suite

OCTOBER 19, 2023

In the restaurant industry, ensuring consistent revenue and profitability is a constant challenge. The average check size represents the amount of money a customer spends on average during a dining experience, making it a pivotal factor in your restaurant’s financial health. Average Check Size: What is it?

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MBB Hospitality

NOVEMBER 28, 2023

Navigating the turbulent waters of the restaurant industry requires resilience, adaptability, and a keen understanding of the market. In challenging times, restaurant survival becomes an art form, mastered by those willing to innovate and persevere. It’s not just about reacting to change, but anticipating it.

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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?

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STAAH

NOVEMBER 22, 2022

Offering last-minute deals, add ons or upgrades is a great way to drive revenue. The second P in the formula is the price which is the only revenue-generating element of the mix. Revenue management is the art of analysing and optimising pricing as a key lever. A planned approach to marketing helps you to set clear objective s.

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