Modern Restaurant Management

JANUARY 15, 2024

Dive into Super Bowl-specific catering menus and other deals to reach those not leaving the house. Is inflation still driving wing prices? The price of many staple items is continuing to increase throughout the beginning of this year. What else should operators keep in mind to maximize profit for the popular item?

Catering 208

Catering Pricing Back of House Events 208

Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. Understanding your target audience: Different hotels cater to different markets, and different OTAs cater to different regions and audiences.

Book 268

Book Budgeting Catering Strategic Planning 268

InnQuest

JULY 10, 2023

As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users. Imagine walking into a hotel that anticipates your needs, understands your unique desires and precisely caters to your individual preferences.

Marketing 130

Marketing Catering Budgeting Pricing 130

eZee Absolute

SEPTEMBER 11, 2023

Dynamic Pricing Strategies was his magic trick!! Well, I have had some idea about dynamic pricing but I couldn’t let him go without knowing his secret. In this blog, I will discuss everything Arjun told me (and what I know now) about dynamic pricing for hotels and how you can make the most out of it to mint revenue for your business.

Pricing 59

Pricing Book Marketing Events 59

Modern Restaurant Management

JANUARY 9, 2024

Restaurants trying to attract price conscious diners should make sure that their menus carry several low-cost, higher margin staples that can be sold at reasonable prices. Consider reducing the size and price of certain staples and then offering a “super-sized” portion for a higher price.

Budgeting 193

Budgeting Pricing Marketing Catering 193

Revenue Hub

SEPTEMBER 25, 2023

Running a hotel is a complex and balancing act: you want to ensure all your rooms are booked and your guests are happy, but how do you set the right prices to make this happen? They act as the secret ingredient that can help you achieve this fine balance of setting the right price at the right time. What are hotel rate types?

Reservations 100

Reservations Pricing Book Catering 100

STAAH

APRIL 25, 2024

Adventure & Other Activities Delhi brims with diverse adventures and activities catering to all interests. Best Street Shopping Experience Delhi offers a vibrant street shopping experience, with iconic destinations like Sarojini Nagar Market and Janpath renowned for their trendy fashion finds at bargain prices.

Budgeting 87

Budgeting Catering Events Blog 87

Revenue Hub

JANUARY 17, 2024

Craft tailored packages and promotions that cater to individual tastes, creating an irresistible allure for potential guests. By utilising data effectively, hotels can optimise advertising budgets and drive bookings with a higher conversion rate. Leverage data analytics to understand guest preferences, from room choices to amenities.

Book 98

Book Pricing Article Marketing 98

InnQuest

SEPTEMBER 12, 2023

Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

Revenue Hub

FEBRUARY 7, 2024

Hotels can also use these insights to optimize pricing strategies by identifying demand patterns and price sensitivity among customer segments. Read the full article at Sales and Catering The post Leveraging Data for Boosting Hotel Group Sales appeared first on Revenue Hub.

Catering 86

Catering Book Article Pricing 86

Hotel Owner

OCTOBER 16, 2023

The collection aims to create a curated, invitation-only luxury community where each hotel offers tailored service, emphasising the five elements of hospitality, authenticity, inclusivity, innovation, and sustainability, catering to the desires of modern luxury travellers.

Budgeting 98

Budgeting Catering Pricing Marketing 98

Revenue Hub

APRIL 23, 2024

NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date Finally, resource constraints like budget and skilled personnel limit data management capabilities, especially for smaller hotels. Even with insights, translating them into actionable strategies for different departments can be tough.

Guest Satisfaction 88

Guest Satisfaction Article Information Budgeting 88

Revenue Hub

DECEMBER 14, 2023

54% of hoteliers believe that the available technology is not sufficiently advanced to meet their ever-evolving requirements A more reluctant approach comes from the uncertainty that technology can cater to the needs of an industry that has to combine operational excellence with human touch and emotions. 2 Traveling Cheaper or Greener?

Article 95

Article Blog Pricing Budgeting 95

Revenue Hub

NOVEMBER 9, 2023

Each has its own demands, booking patterns, and budget constraints. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management.

Book 95

Book Pricing Guest Satisfaction Article 95

eZee Absolute

SEPTEMBER 22, 2023

Running a hotel is a complex and balancing act: you want to ensure all your rooms are booked and your guests are happy, but how do you set the right prices to make this happen? They act as the secret ingredient that can help you achieve this fine balance of setting the right price at the right time.

Catering 52

Catering Reservations Book Pricing 52

Hotel Business

MARCH 13, 2024

This flexible approach allows properties to cater to a different demographic of guests, including jet lagged travelers on long layovers, busy professionals who need to freshen up before an important meeting or anyone else who simply wants a few hours of rest and relaxation in the middle of a hectic day.

Guest Satisfaction 69

Guest Satisfaction Catering Budgeting Scheduling 69

Revenue Hub

SEPTEMBER 12, 2023

Subscribe to our weekly newsletter and stay up to date By understanding the different types of guests a hotel attracts and tailoring pricing and marketing strategies accordingly, hotels can unlock significant revenue potential. Income level: Budget travelers, mid-range, luxury seekers, etc. Gender: Male, female, non-binary, etc.

Pricing 107

Pricing Book Article Blog 107

Revenue Hub

SEPTEMBER 29, 2023

Subscribe to our weekly newsletter and stay up to date Revenue Management Systems (RMS) have been in place for decades to optimize revenue generation by helping hoteliers strategically price and allocate hotel rooms. In addition, event groups can vary significantly in size, purpose, and budget. Marketing campaigns can be engaged.

Events 96

Events Pricing Budgeting Catering 96

STAAH

NOVEMBER 16, 2023

With its blend of modernity and rich cultural heritage, Dubai caters to a wide range of interests, making it a must-visit destination for those seeking a truly unique and vibrant travel experience. 8) Affordable Prices | Something for Everyone Dubai, known for opulence, also surprises with its affordability.

Travel and Tourism 84

Travel and Tourism Catering Budgeting Business Development 84

Larry Mogelonsky

FEBRUARY 12, 2024

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

Pricing 100

Pricing Reservations Budgeting Catering 100

SiteMinder

NOVEMBER 22, 2023

They demand meticulous attention to detail, from elegant banquet halls to customised catering and decor. In hotel event management, the manager acts as a liaison between the hotel and the client, coordinating with various departments such as catering, housekeeping, and technical support to deliver a seamless experience.

Events 59

Events Budgeting Book Workshop 59

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” IKEA (offering lower prices at times when it is least busy).

Pricing 52

Pricing Book Budgeting Marketing 52

SiteMinder

DECEMBER 3, 2023

They will be happy to combine luxury and budget travel options Many respondents said the cost of a holiday can be a barrier – more than 70% of US millennials agreed, followed by 58% of Gen Xers, 49% of baby boomers, and 45% of mature travellers. Travellers can now quickly compare pricing and availability directly within TripAdvisor.

Book 105

Book Pricing Reservations Budgeting 105

Hotelogix

OCTOBER 18, 2023

  👉It offers real-time information about room availability, pricing, and amenities, allowing potential guests to make informed decisions and quickly secure their reservations. It allows them to browse available rooms, view pricing and amenities, and make real-time reservations through various channels.

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Reservations Book Information Guest Satisfaction 100

Revenue Hub

JULY 10, 2023

By identifying where the business is coming from and what motivates guests to complete a purchase, you can better define effective pricing strategies and target your offer to meet their needs. You can also use this information to better forecast and adjust rates and budgets according to various target profiles.

Marketing 86

Marketing Special Events Book Article 86

Hotel Owner

APRIL 22, 2024

However, in rural villages or seaside towns, where authenticity and personalised service are valued more, chain hotels may face competition from boutique properties and inns that cater to a more “intimate” experience. However, running a boutique hotel requires a careful balance between creativity and financial sustainability.

Travel and Tourism 98

Travel and Tourism Presentation Catering Housekeeping 98

Revenue Hub

OCTOBER 26, 2023

This level of flexibility is especially appealing to budget-conscious travelers and those planning extended stays. By offering BNPL as an option, hoteliers can cater to a broader range of travelers, including budget-conscious travelers, families, and those who prefer to manage their expenses over time.

Book 94

Book Reservations Budgeting Guest Satisfaction 94

SiteMinder

FEBRUARY 25, 2024

They represent a mix of services, designs, and experiences tailored to different types of guests, such as luxury seekers or budget travellers. These leading brands often command higher prices and a loyal following. Hotel brands are unique identities created by hotel chains or individual hotels to stand out in the market.

Catering 52

Catering Budgeting Guest Satisfaction Marketing 52

Revenue Hub

DECEMBER 14, 2023

These include dynamic pricing, personalized offers, and real-time demand forecasting. If you don’t have an RMS at all, revenue directors rely on manual processes and intuition to make pricing and inventory decisions – which is not exactly optimal decision-making, leading to missed revenue opportunities and suboptimal pricing strategies.

Pricing 99

Pricing Budgeting Presentation Article 99

Revenue Hub

OCTOBER 13, 2022

Had they been keeping a close enough eye on their guest feedback, the hotel in question would have learnt that the demographics that their marketing and location appealed to were families and young couples on a budget, most of them looking to be able to bypass the higher restaurant prices, indicating a need for self- catering accommodation.

Front of House 84

Front of House Catering Article Budgeting 84

7 Shifts

OCTOBER 31, 2023

You’re paying too many fees You budgeted for the monthly fee. 7shifts Payroll has simple pricing* with no hidden fees: Base fee: $39.99 per month Implementation fee: Free Additional employee fee: $5 per employee paid per month Year-end: Free Off-cycle runs: Free *Pricing at the time of publishing 4. The price is great.

Information 88

Information Pricing Customer Service Accounting 88

Les Roches

MARCH 22, 2023

You’ll be responsible for budgeting, venue selection, vendor management, decor, catering, entertainment, and more. Budget management Creating and managing event budgets is a crucial aspect of event planning. Budget management Creating and managing event budgets is a crucial aspect of event planning.

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Events Budgeting Vendor Management Communication 52

Revenue Hub

OCTOBER 25, 2023

Channel Managers ensure that your room availability and pricing information is consistent across all platforms in real-time. Rate Parity: It helps maintain rate parity , ensuring consistent prices across all platforms. Corporate travel agencies and large businesses often use GDS to make reservations.

Book 100

Book Reservations Guest Satisfaction Pricing 100

Revenue Hub

MAY 11, 2023

Whether it’s offering different dates, spaces, or pricing options, hospitality brands that act as true, creative partners to their customers and demonstrate flexibility in the booking/planning process are most likely to succeed. After all, speed and service win more often than price.

Events 90

Events Pricing Catering Book 90

Revenue Hub

APRIL 11, 2023

Online Travel Agencies (OTAs) Online Travel Agencies (OTAs) are popular among many guests, as they offer convenience, a broad selection of accommodations, and competitive pricing. Independent and small group travelers: OTAs cater to independent travelers and small groups who plan and book their trips without the assistance of travel agents.

Book 80

Book Reservations Information Catering 80

eZee Absolute

FEBRUARY 15, 2024

Metasearch engines, such as Google Hotel Ads, TripAdvisor, and Trivago act as central hubs where potential guests can effortlessly compare prices, read reviews, and make informed decisions – all in one place. Implementing dynamic pricing strategies that adapt to market trends and competitor rates, ensures your hotel remains competitive.

Marketing 52

Marketing Book Pricing Information 52

Boutique Hotelier

FEBRUARY 16, 2023

What challenges are you facing with both menu creation and sourcing the right suppliers at the right price? What challenges are you facing with both menu creation and sourcing the right suppliers at the right price? How do you cater for hotel guests as well as customers from outside?

Pricing 124

Pricing Front of House Catering Travel and Tourism 124