Modern Restaurant Management

DECEMBER 30, 2020

” But restaurants must first survive the winter – literally and figuratively. Still, survey data from the National Restaurant Association offers hope that many diners will maintain current on-premises (outside dining) habits through the winter. Yet in concrete revenue terms, the U.S. That sentiment is positive news.

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Synergy Suite

APRIL 18, 2024

The most profitable restaurants know the importance of controlling food costs. Food sales are important, but so too is food expense management, especially during times when the cost of food is increasing. Restaurant food cost refers to the direct costs of making the food your customers eat. Let’s dive right in!

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Pricing Portion Control Accounting Training 52

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?

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Pricing Training Reservations Scheduling 52

EATER

FEBRUARY 8, 2021

The robot is used by companies like universities, hospitals, and grocery stores, according to a blog post from DoorDash general manager Penn Daniel. Its revenue skyrocketed in 2020 as restaurants closed in-person dining due to the pandemic and customers relied on delivery services.

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SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. This blog will explain which channels are the most lucrative for your hotel and how you can maximise revenue using them.

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Book Travel and Tourism Reservations Blog 59

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. By leveraging data, restaurant owners and managers can uncover trends, forecast future performance, and make informed choices about their business strategies.

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POS Systems Information Pricing Accounting 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

Revenue Hub

MAY 2, 2023

Two incredibly important roles and critical to the success of every hotel, the GM and Revenue Manager. NB: This is an article from Right Revenue , one of our Expert Partners So, what kind of conversations should they have? Broad stroke this may be, but General Managers tend to come up through Operations. GMs I salute you!

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Budgeting Article Blog Reservations 74

STAAH

JUNE 6, 2023

To make this possible having a robust online booking system is really important to help you reach your revenue goals. 2) Boost your Revenue: Direct bookings generated through a hotel booking engine can significantly boost revenue. This ensures that guests have access to real-time data and can make informed decisions.

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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.

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Modern Restaurant Management

JANUARY 13, 2020

Now that the new year is here, it’s the perfect time for restaurant operators to review their 2019 performance and identify areas that can be improved in 2020. Specifically, restaurant operators will want to look at data insights from their POS system, customer transactions, and payroll to identify 2020 goals. Set Smart Goals.

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SiteMinder

JANUARY 10, 2024

The food and beverage (F&B) sector is a powerhouse within the hospitality industry, playing a critical role in employment and revenue generation. This blog will cover everything you need to know about food and beverage, and how to improve service at your hospitality business. year-on-year for the past five years.

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Synergy Suite

JANUARY 3, 2024

Download the full file here: Download Timeline of Awards: January 24th, 2023 – “Rising Star Award for the Top Restaurant Management Software Vendors in 2023” – by Featured Customers. For brands looking to elevate restaurant operations, SynergySuite stands as the go-to solution.

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Modern Restaurant Management

MARCH 9, 2022

We've all ordered our favorite food online at least once from a local restaurant, and it was cold when it arrived at our doorstep. Events like this not only ruined our entire eating experience, but also prevented us from ordering food from this restaurant for a while. What Makes Intelligent Packaging So Popular.

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Synergy Suite

DECEMBER 19, 2023

In the ever-evolving world of restaurant management, staying ahead of the curve is crucial for sustained success. One key metric that can make a significant difference in your restaurant’s profitability is Sales Per Man Hour (SPMH). Satisfied customers are more likely to return and recommend your restaurant to others.

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POS Systems Scheduling Training Pricing 52

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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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.

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eZee Absolute

JULY 31, 2022

Like any other business, hotels need to generate revenue in order to survive. How can small accommodation providers keep revenue flowing? In this article, I will discuss some sales and marketing strategies to increase revenue for small hotels and stay afloat. Strategies to increase occupancy and revenue. Sounds good?

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Synergy Suite

DECEMBER 7, 2023

In the competitive restaurant industry, the bottom line often determines a restaurant’s success or failure. One of the key metrics that restaurateurs must pay close attention to is revenue per seat, also known as average cover. This metric measures the average amount of money a restaurant earns from each seated guest.

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STAAH

FEBRUARY 7, 2023

As the markets have opened up and travel continues to rise, Hoteliers should not ignore this important market segment – Corporate clients to maximize occupancy and revenue. In the hotel industry, corporate clients can represent a significant source of revenue, as they often book rooms for business travel, conferences, and other events.

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Synergy Suite

DECEMBER 1, 2023

Rankings are based on average percentage revenue growth over four years. SynergySuite CEO Greg Staley credits the SynergySuite team and an evolving restaurant industry for the company’s growth in the last four years. Full details on the winners can be found at www.fast50.ie. For more information, visit synergysuite.com.

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Scheduling Information Blog 59

Synergy Suite

JUNE 6, 2023

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

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Accounting POS Systems Budgeting Bookkeeping 52

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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SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

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SiteMinder

FEBRUARY 19, 2024

This blog will tell you everything you need to know about attending hospitality events as a hotelier. You might also encounter workshops that focus on building particular skills, such as leadership, management, or analysis. Table of contents Why should you attend hospitality events?

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7 Shifts

MARCH 10, 2021

Successful restaurant owners have many traits in common. Here we've outlined seven practices of highly successful restaurant owners. The fact that 60% of restaurants fail in their first year and 80% close within five years of their grand opening is an indication that few have what it takes for long-term success.

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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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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. This might include tourist attractions, restaurants, shopping centers, and transportation providers. This can attract large groups of guests and increase revenue.

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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. Track labor costs as a percentage of revenue. What is Labor Cost Percentage?

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7 Shifts

JULY 24, 2020

While you must follow the strict guidelines to ensure the safety of your staff and customers, that’s not to say you can’t take advantage of an empty restaurant to improve your knowledge of restaurant management, running a business, and creating a recipe for success when you eventually get back to business as usual. Goodreads: 4.23

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Book Reservations Scheduling Training 148

SiteMinder

OCTOBER 11, 2022

If you’re new to the hotel industry, opening a new property, or expanding your brand, this blog will help you understand all the key departments in a hotel and their responsibilities, as well as the various job positions in the hotel industry. Hotel manager (or front of house manager). Night duty manager (or night auditor).

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SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities.

Travel and Tourism 52

Travel and Tourism Book Housekeeping Customer Service 52

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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POS Systems Scheduling Information Procurement 52

7 Shifts

MARCH 27, 2020

Fortunately, there are things that restaurateurs can do to mitigate revenue loss now and prepare their businesses for success after the storm has passed. We’ve created this COVID-19 restaurant closure guide to help restaurateurs like you navigate these difficult times. Ask yourself: Can your business survive without generating revenue?

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Communication Accounting Information Blog 125

Les Roches

AUGUST 10, 2023

It includes hotels, bars, restaurants, resort management , theme parks and cruise ships. It’s common for hospitality and tourism careers to begin with entry-level roles before progressing to management roles. It can also encompass sightseeing, eco-tourism, cultural tourism, business travel and even adventure tours.

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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. However, by evening your supply may have reduced and demand could be growing.

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Modern Restaurant Management

APRIL 14, 2020

For additional resources, click COVID-19 Survival Guide for Restaurants and MRM Restaurant Survival Guide, Second Course and MRM Restaurant Survival Guide, Part Three and What’s Next?: MRM Restaurant Survival Guide Updates.

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