Revenue Hub
JANUARY 18, 2024
The answers to these and many more questions lie in hotel competitive analysis. Subscribe to our weekly newsletter and stay up to date What Is a Competitive Analysis in the Hotel Industry? A hotel competitive analysis is an important revenue management tool. For that, look at hotels around you.
Modern Restaurant Management
SEPTEMBER 28, 2020
Marketing for your restaurant is essential to running a successful business. There are several areas to focus on when creating an effective marketing plan , regardless of what your budget may be. If you have a much larger budget, you can expand your target audience to create awareness within different demographics and regions.
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7 Shifts
OCTOBER 31, 2022
A restaurant business plan is one of the most (if not the most) essential elements in getting a new restaurant off the ground. There are a few reasons for this: A business plan is typically the first thing any lender or investor will want to look at. What is a Restaurant Business Plan? Restaurant Business Plan Sample Outline.
Les Roches
DECEMBER 23, 2022
Do you dream of becoming an entrepreneur and starting your own business? Small Business Administration (SBA), only two-thirds of new businesses will last two years , which means one in three new ventures won’t make it. What is a business plan? What is a business plan for entrepreneurs? According to the U.S.
The Restaurant Times
MAY 25, 2021
With lockdown restrictions easing and restaurant business slowly picking up the pace in the UK market, it is an excellent time to revisit your restaurant’s business plans. Cafe businesses can return to profitability provided they have a viable strategy and business plan in place. Business Overview.
Revenue Hub
JULY 24, 2023
When used strategically, your data can unlock hidden opportunities and make more informed decisions for budgeting, cost optimisation, marketing, and forecasting – all aspects of which determine the value and profitability of your venue space.
Hotelogix
OCTOBER 19, 2023
To get a clear picture of your hotel compset analysis, you need to start with the following steps: Define your goals for competition, such as attracting more guests or increasing prices for greater revenue, or improving services compared to competitors. If you serve business travelers, select hotels in the same category.
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