Les Roches

JANUARY 19, 2024

The business plan is a roadmap, outlining important aspects such as market analysis, manage­ment structure, marketing plans, ope­rational strategies, and financial projections. Why do you need a hotel business plan? Why do you need a hotel business plan?

Marketing 52

Marketing Book Accounting Procurement 52

Lithos POS

DECEMBER 19, 2023

Like all the business the business model also needs strategic planning to succeed. His duties include executing marketing strategies, recruitment, and hiring, ensuring food quality, staff training, and maintaining effective communication between the administrative team, kitchen staff, and front-of-house employees.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

Les Roches

JANUARY 11, 2024

When setting sales goals, you need to make sure they align with the overall business objectives, which means considering factors such as sale­s volume, customer acquisition, profitability and market share­. This will help dete­rmine appropriate pricing that covers expense­s while retaining a competitive­ position in the market.

Definition 52

Definition Pricing Training Marketing 52

Synergy Suite

DECEMBER 5, 2023

Variable costs, on the other hand, fluctuate with your sales and include expenses like food and beverage costs ( cost of goods sold, or COGS ), utilities, and marketing expenses. It acts as a financial safety net, helping you make informed decisions about cost-cutting or marketing strategies to weather downturns.

Pricing 52

Pricing Budgeting Information Marketing 52

Les Roches

DECEMBER 27, 2022

They plan, project manage, monitor, and direct day-to-day business development activities and coordinate across different departments. Creating company budgets and monitoring finances to ensure financial targets are met across departments. Director of Business Operations responsibilities. What makes a good Director of Operations?

Communication 52

Communication Hospitality Management Strategic Planning Budgeting 52

Xotels

NOVEMBER 23, 2023

From front-of-house functions like guest reception and concierge services to back-of-house operations like finance, and marketing, every facet of a hotel’s functioning falls under the umbrella of hotel management. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

From front-of-house functions like guest reception and concierge services to back-of-house operations like finance, and marketing, every facet of a hotel’s functioning falls under the umbrella of hotel management. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Les Roches

DECEMBER 28, 2022

Whether it’s a restaurant, hotel, or events company, digital transformation is a vital component for modern, thriving businesses. Digitalized processes allow you to capture data analytics that can be used to better understand your customer base and market dynamics and feed into hospitality digital marketing strategies.

Book 52

Book Customer Service Information Concierge 52

Synergy Suite

JANUARY 12, 2024

Analytics contribute significantly to budgeting, forecasting, and profitability analysis. Restaurants that utilize data for market positioning and strategic planning can better understand their competitive landscape, identify unique selling points, and target underserved market segments.

POS Systems 52

POS Systems Information Pricing Accounting 52

EATER

JULY 6, 2022

In 2008, it held the first-annual Young Farmers Conference, bringing together more than 170 early-career farmers to participate in networking events and two dozen educational workshops. A nonprofit that wants to increase its impact, but has a limited budget, can partner with a for-profit business to accomplish a shared goal.

Training 91

Training Presentation Workshop Budgeting 91