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

SiteMinder

SEPTEMBER 7, 2023

Examples might include resort fees that cover property maintenance, parking fees, or additional cleaning fees if guests bring pets. These include: Resort and amenity fees These fees cover the use and maintenance of on-site facilities like swimming pools, gyms, and spas.

Book 105

Book Valet Services Travel and Tourism Maintenance 105

Modern Restaurant Management

DECEMBER 10, 2019

Set a monthly or quarterly budget and stick to it. Forecasting can help you set the appropriate budget, taking seasonality into account. Whether it is a bill, repairing a faulty appliance, maintenance or another cost, it can have a big impact on your cash flow. Without a solid team, running a restaurant is impossible.

Budgeting 124

Budgeting Accounting Maintenance Reservations 124

Revenue Hub

DECEMBER 8, 2023

In fact, the global hotel industry is expected to reach a market value of $870 billion by the end of 2023, with the luxury hotel market estimated at $115.8 This allows for proactive maintenance, saving money in the long run. In fact, by 2024, the global market for smart hotel technology is projected to reach $24.46

Travel and Tourism 98

Travel and Tourism Procurement Maintenance Information 98

Hotel Business

DECEMBER 15, 2022

Here’s an overview of what the process generally looks like for a hotel: The first step is to set a budget. Finally, the hotel can install its chargers of choice and put a plan in place for ongoing maintenance. To prevent this problem upfront, hotels should plan and budget for more than they think they currently need.

Budgeting 59

Budgeting Maintenance Download Reservations 59

Hotel Business

AUGUST 11, 2023

Restaurants implemented digital ordering systems, QR codes for menus and online reservation systems to reduce contact and enhance the customer experience. More tech and AI are coming into F&B via marketing and guest profile capture metrics. That doesn’t mean slashing the budget.

Maintenance 52

Maintenance Catering Pricing Budgeting 52

Les Roches

APRIL 13, 2023

After all, you wouldn’t want to invest in a hotel before learning more about tourism market trends and whether you’re likely to see financial gains. As travel was restricted, the hotel market experienced a considerable contraction and sales decreased. trillion this year – meaning there’s plenty of income potential.

Travel and Tourism 52

Travel and Tourism Maintenance Budgeting Hospitality Management 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Always be ready to shift to any unexpected changes – being agile is what gets you ahead of the competition and allows you to be a market leader.

Pricing 52

Pricing Book Budgeting Marketing 52

Hotel Business

MARCH 16, 2023

Booking source In 2019, OTA-sourced bookings made up 57% of all reservations, while non-OTA bookings made up the remaining 43%. During the pandemic, there was a significant shift toward direct bookings due to decreased advertising budgets for OTAs.

Book 52

Book Maintenance Pricing Budgeting 52

Revenue Hub

JULY 26, 2023

Market rates “ The market will determine what an acceptable price level is and that’s really your starting point ,” says Patrick Angwin, director of boutique hospitality consultancy Clanalytix. Ultimately there will be a revpar that the market is able to support. Are we going to be able to outperform the market or not?

Pricing 92

Pricing Book Marketing Article 92

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

Les Roches

DECEMBER 27, 2023

Depending on where you work, successful hospitality management can require strategic thinking and effe­ctive marketing technique­s to enhance profitability. A bachelors in hospitality manage­ment or business administration can be extremely valuable as the­se programs cover key topics such as operations manageme­nt, accounting and marketing.

Travel and Tourism 52

Travel and Tourism Hospitality Management Communication Customer Service 52

SiteMinder

AUGUST 29, 2023

Hotel operating costs Hotel operating costs encompass a wide array of expenses, from staff salaries, utility bills, and maintenance to marketing, guest amenities, and food & beverage supplies. Maintenance and Repairs Hotels must be in top condition to ensure guest satisfaction.

Housekeeping 52

Housekeeping Guest Satisfaction Book Maintenance 52

Les Roches

AUGUST 10, 2023

Some of the common back-of-house positions you may find include: Food and beverage manager Chef Sous chef Line cook Pastry chef Purchasing manager Housekeeping staff Facilities manager Maintenance technician Sales and marketing Finance and revenue management What skills are required for back-of-house roles?

Travel and Tourism 52

Travel and Tourism Front of House Back of House Hospitality Management 52

SiteMinder

OCTOBER 10, 2022

As a low budget option, there are usually no additional facilities in the hotel and no type of room service. Two star hotels are still relatively basic and low budget but the standards and services will be a little higher. 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

Synergy Suite

APRIL 24, 2023

In this article, we’ll go into the ins and outs of online ordering systems: what they are, how to choose one, and examples of the best online ordering systems on the market today. This data can be leveraged to understand customer behavior, tailor marketing campaigns, and personalize the customer experience.

POS Systems 52

POS Systems Information Maintenance Pricing 52

Les Roches

DECEMBER 7, 2022

For example, for a guest at a restaurant, the hospitality experience includes the restaurant’s physical space, reservation processes, communication, food and drink choices and atmosphere. On the other hand, maintenance staff disappear into the background so as not to intrude on a customer’s experience.

Travel and Tourism 52

Travel and Tourism Hospitality Management Customer Service Book 52

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. A structure­d plan helps you navigate­ each step, from choosing the right location to ide­ntifying your market niche and defining the­ scale of your operations.

Marketing 52

Marketing Book Accounting Procurement 52

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market.

Pricing 59

Pricing Information Blog Reservations 59

eZee Absolute

SEPTEMBER 21, 2023

The transparency and trust established through virtual tours reduce any uncertainties that might typically deter travelers from making a reservation. Marketing and Brand Building Virtual tours have emerged as a game-changer in elevating your brand image. Virtual hotel marketing enhances a hotel’s online presence and visibility.

Book 52

Book Information Marketing Guest Satisfaction 52

eZee Absolute

DECEMBER 27, 2022

Early forms of hotel automation involved the use of computers for managing reservations and check-ins. As technology advanced, so did hotel automation, leading to the widespread adoption of personal computers and the internet in the 1990s, which enabled online reservations and electronic systems for managing guest information.

Training 59

Training Reservations Communication Property Management 59

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. This can include business people, long-stay travellers, budget travellers and backpackers.

Travel and Tourism 59

Travel and Tourism Book Housekeeping Customer Service 59

Les Roches

MAY 24, 2023

Budgeting and financial management Portra/E+ via Getty Images Finances for a restaurant will include sales forecasting, food cost control, staffing costs, and more. This includes functions such as employee scheduling, reservation management, and making sure that you have enough staff to handle all the tasks needed at busy times.

Front of House 52

Front of House Communication Hospitality Management Customer Service 52

Les Roches

MAY 9, 2023

Budgeting and financial management Finances for a restaurant will include sales forecasting, food cost control, staffing costs, and more. This includes functions such as employee scheduling, reservation management, and making sure that you have enough staff to handle all the tasks needed at busy times.

Front of House 52

Front of House Communication Hospitality Management Customer Service 52

Xotels Hotel Revenue Management

NOVEMBER 11, 2019

With reservation lead time changing in key markets we operate in, it is becoming more challenging to forecast accurately. There are various types of tools available for your hotel to carry out a thorough, accurate forecast, which differ depending on your needs and budget. Creating a successful forecasting model for your hotel.

Reservations 52

Reservations Accounting Book Information 52

SiteMinder

JANUARY 8, 2024

This can involve the management of anything related to the hotel industry and requires knowledge of distribution strategy, finance and accounts, customer service, staff management, marketing, catering management, hotel administration and more. This can include business people, long-stay travellers, budget travellers and backpackers.

Travel and Tourism 52

Travel and Tourism Book Housekeeping Customer Service 52

SiteMinder

MAY 12, 2023

Expenses – Money going out to pay for upkeep and maintenance of your property and services (e.g Whether it’s budgeting, forecasting , or cost planning, accounting makes it much more effective. Commonly the chart of accounts will include: Revenue/Income – Money coming in from the services you offer (e.g room sales).

Accounting 52

Accounting Maintenance Document Pricing 52

7 Shifts

MAY 11, 2020

Run through our guide to reopening your restaurant to plan your labor, inventory, marketing, and more so you can reopen with a bang. Talk to your repair and maintenance vendors to check your appliances, security systems, coolers, and other equipment prior to opening Software: ?? Market your grand reopening!

Sanitation 147

Sanitation Scheduling Menu Planning Blog 147

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

Hotel Market Size & Opportunities. Competitive positioning (how do you competitively price yourself in the market, evaluating your value-add and weighing it against your competitors). Marketing Experience. Coming up with a marketing strategy might look simple, but coming up with something exceptional is a different story.

Definition 52

Definition Marketing Budgeting Article 52

Modern Restaurant Management

DECEMBER 28, 2022

Operating Expenses (OpEx) are the recurring monthly bills a restaurant or bar usually budgets for: electricity and water, rent, food and alcohol, etc. Without the cash reserves and collateral that lenders want to see, these small businesses are much less likely to secure loans when they need them most.

Maintenance 197

Maintenance Budgeting Reservations Back of House 197

EATER

JULY 6, 2022

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. And under Barber’s leadership, Blue Hill at Stone Barns had become internationally known for creating a market for responsibly grown food. And what is that person doing with that information?”.

Training 91

Training Presentation Workshop Budgeting 91