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. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Pricing 52

Pricing Book Budgeting Marketing 52

Revenue Hub

OCTOBER 10, 2023

A few of the many key pieces of information include current comp set data about who we price to and how, accurate room type descriptions and premiums on room type pricing, the cost to service a room and even the wash factor by segment.

Information 105

Information Reservations Pricing Events 105

7 Shifts

MARCH 11, 2020

Read on to discover common restaurant opening expenses you will definitely encounter, and unexpected restaurant opening costs that you may encounter on your journey to restaurateurship. Don’t forget to budget for training, installation, and support costs. month ) and a reservation management tool ($200+/month).

Budgeting 141

Budgeting Scheduling Training Bookkeeping 141

Modern Restaurant Management

JUNE 27, 2022

They may have discovered you from an Eater article, booked their reservation through OpenTable, or located you via Google Maps, and they will surely review their experience on Yelp — whether positive or negative — when their meal is complete. Restaurant customers do everything from their phones. They’re Easier to Update.

Article 203

Article Definition Budgeting Customer Service 203

Synergy Suite

JUNE 6, 2023

Budgeting and Forecasting These software solutions often include budgeting and forecasting features, allowing restaurant owners to set financial goals and track performance against targets. Each revenue stream may have different pricing models, discounts, and promotional offers.

Accounting 52

Accounting POS Systems Budgeting Bookkeeping 52

eZee Absolute

OCTOBER 17, 2022

To put it simply, a sales cycle in a hotel is not just about turning a lead into a guest, but also repeating the success by acquiring repeat reservations. Worst still, you’re just sitting at your property and waiting for guests to check in or waiting for reservation calls or notifications. Why a Sales Cycle Is Important for Hotels?

Reservations 52

Reservations Book Budgeting Pricing 52

Synergy Suite

JULY 11, 2023

Budget Consider the affordability of the payroll and HR solution in relation to your restaurant’s budget. Compare pricing plans, subscription fees, and any additional costs associated with the system, such as implementation or customization fees.

POS Systems 52

POS Systems Maintenance Information Accounting 52

Hotel Business

MARCH 16, 2023

Why the reservation to replace this critical piece of a hotel’s infrastructure? No budget for capital expenditures. Outdated features are not flexible enough to meet current business needs With today’s aging PBX equipment, property owners with older hotels must budget for ongoing replacement equipment.

Maintenance 59

Maintenance Communication Budgeting Definition 59

eZee Absolute

AUGUST 10, 2023

Then figure out the services that fall under both budgets. Depending on it, create email or WhatsApp campaigns with special offers that will meet their budget and preferences. A guest who is coming to your hotel only for the weekend will definitely not want the same experience as a guest who will be staying for 2 weeks.

Marketing 52

Marketing Book Budgeting Information 52

Synergy Suite

APRIL 24, 2023

Ensure that the system can generate receipts with all necessary order details, such as itemized pricing, special instructions, and customer details. You should be able to add, remove, or update menu items, descriptions, pricing, and options as needed. Budget Review your budgetary constraints when selecting an online ordering system.

POS Systems 52

POS Systems Information Maintenance Pricing 52

Synergy Suite

OCTOBER 5, 2023

In this article, we’ll explain the definitions of revenue and sales, how they’re different, and how to calculate each of them. Drastic revenue fluctuations based on seasons can make it hard to budget effectively. It represents the total income generated from selling food, beverages, and other services.

Catering 52

Catering Information Events Labor Cost Controls 52

7 Shifts

JANUARY 20, 2023

Be mindful of your own budget though. Quick tip: If your guests know that going to your website will get them a special offer or a free drink, they'll definitely check it out every now and then. Relook at your reservations, talk to all your staff working on Sunday, and reconfirm their schedules four days before the big day.

Scheduling 78

Scheduling Communication Events Training 78

Xotels

JUNE 16, 2021

Mariënhage Boutique Hotel Innovation through architecture can greatly benefit the look and feel of a hotel, and Hotel Mariënhage Eindhoven is definitely no exception. . In short, acting as an innovator in this price bracket by heavily focusing and delivering services and products catered to the needs and wants of this segment.

Catering 52

Catering Pricing Definition Events 52

Revenue Hub

APRIL 17, 2024

It was the very yearly days where revenue managers were very much viewed as executive reservation managers and expected to perform reservation manager duties. Since then, revenue management has taken its rightful place at the table but is still sometimes viewed simply as pricing strategies and inventory control.

Marketing 90

Marketing Information Budgeting Reservations 90

eZee Absolute

NOVEMBER 16, 2022

Along with the instant reservation for walk-in guests, it successfully serves guests who have pre-booked through the hotel or any OTA website. Kiosks can definitely help them achieve that. An ideal Kiosk is one that comes with multiple integrations, a user-friendly interface, zero downtime, and a pocket-friendly price.

Front Desk Operations 52

Front Desk Operations Guest Satisfaction Blog Book 52

Xotels

NOVEMBER 23, 2023

Hotel Management: Always talks about hospitality in accommodation Hospitality Management: Usually refers to a broader definition, incl. For a comprehensive understanding of the definition of hospitality management , read our full article. restaurants, bars, etc.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

Hotel Management: Always talks about hospitality in accommodation Hospitality Management: Usually refers to a broader definition, incl. For a comprehensive understanding of the definition of hospitality management , read our full article. restaurants, bars, etc.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Synergy Suite

FEBRUARY 21, 2023

Full-Service Restaurants Full-service restaurants, including fine dining establishments, family-style restaurants, or upscale eateries, have unique requirements for managing table reservations, guest preferences, and course-based ordering. POS systems that offer affordability, ease of use, and scalability are crucial.

POS Systems 52

POS Systems Training Budgeting Reservations 52

SiteMinder

OCTOBER 10, 2022

The price of rooms in these types of accommodations reflect the quality and the types of services available in the hotel. As a low budget option, there are usually no additional facilities in the hotel and no type of room service. Three star hotels are not budget options and therefore guests will expect high quality customer service.

Travel and Tourism 72

Travel and Tourism Budgeting Catering Concierge 72

EATER

DECEMBER 28, 2020

I’ve been guilty of this very thing, having gravitated far more toward so-called “grower Champagnes,” humbler bottlings (in production scale, not necessarily price) in which the wines are produced by the estate that grows the grapes. These house Champagnes represent a broad range of prices, each one readily available in the U.S.

Reservations 109

Reservations Pricing Definition Marketing 109

Les Roches

APRIL 13, 2023

Introduction to hotel investment Before we get started on sharing the benefits of hotel investing and whether owning a hotel is profitable, reviewing the definition of hotel investment and the current state of the hotel industry is a good place to start. Lower satisfaction scores and ratings can lead to fewer reservations and reduced profits.

Travel and Tourism 52

Travel and Tourism Maintenance Budgeting Hospitality Management 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

It is definitely one of the most rewarding jobs when it comes creating moments that will make people happy. Guests can always bring out points of improvement, and acting on it will definitely put you ahead of the game. Everything is true, and even more when you’re in charge of a hotel. Multi-tasking. Distribution (e.g.

Definition 52

Definition Marketing Budgeting Article 52

EATER

FEBRUARY 11, 2021

But if the world of wine seems baffling (and it definitely can be), Champagne, with its high price tag and even higher expectations, is pure, unfiltered intimidation. From there you can find out who made it, a bit more about the flavor and style, and if it’s being offered to you at a fair price. What is grower Champagne?

Pricing 125

Pricing Definition Reservations Budgeting 125

Modern Restaurant Management

AUGUST 5, 2020

While TouchBistro has previously partnered with providers of loyalty solutions, this acquisition will provide the company with a proprietary solution that is much more deeply integrated into the TouchBistro platform and its ecosystem of products like Online Ordering and Reservations. ” Tyga Bites Launches.

Server 210

Server Marketing Bookkeeping Document 210

Modern Restaurant Management

DECEMBER 31, 2019

Low priced / value perceived / big ticket items brought down to a fixed low price. The utilization of ghost kitchens means more money and opportunity for restaurant operators, without large price or labor hikes. At Yelp, we're seeing restaurants move away from a strictly reservations planning model.

POS Systems 138

POS Systems Marketing Training Pricing 138

EATER

JULY 6, 2022

Hundreds of teachers adopted the program, carrying Stone Barns’ message beyond its tony Pocantico Hills campus — in 2016, it noted that the “vast majority of participating students come from economically disadvantaged communities, with 72 percent qualifying for free or reduced-price school lunch.”. Stan Honda/AFP via Getty Images.

Training 92

Training Presentation Workshop Budgeting 92

EATER

DECEMBER 15, 2021

Prices available upon request. Despite the number of major Champagne houses that lord over the avenue de Champagne in Épernay, none have offered a full fine dining experience until Perrier-Jouët launched Belle Epoque Society in June 2021, the 200-year-old house’s new culinary program meant to fit within a range of budgets.

Travel and Tourism 107

Travel and Tourism Training Book Events 107