Hospitality Net

APRIL 28, 2023

Whether you’re marketing a global hotel brand or a local bed and breakfast, every property shares the same goal: filling all their rooms. But when you have a limited hotel marketing budget, it can be difficult to determine how to best use your funds.

Budgeting 91

Budgeting Marketing 91

Hospitality Net

JANUARY 31, 2024

Many companies still believe that customer service is what happens when something goes wrong. However, that is only one part of customer service. The bigger picture is that customer service happens throughout a customer’s entire experience while doing business with you.

Customer Service 86

Customer Service Budgeting Training Marketing 86

Hospitality Net

AUGUST 22, 2023

In a groundbreaking move that is likely to reshape the Indian hospitality landscape, Cozzet Hotels & Resorts has proudly unveiled its latest venture: the “ Cozzet Collection”. The objective is to support small and medium-sized unbranded hotel owners and help them improve their technology, marketing, and business know-how.

Budgeting 98

Budgeting Marketing 98

Hotel Owner

OCTOBER 17, 2023

The UK’s luxury hotel market has been driving the hotel industry’s recovery, with record room rates and revenue per available room (RevPAR) increasing , according to RSM’s Hotels Tracker. While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options.

Budgeting 98

Budgeting Events Reservations Marketing 98

Hospitality Net

MAY 2, 2024

An effective partnership between the Chief Marketing Officer (CMO) and Chief Financial Officer (CFO) is crucial, as research shows that finance and marketing are intrinsically linked. Therefore, aligning marketing initiatives with the broader financial strategy leads to better performance.

Marketing 45

Marketing Budgeting 45

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. This more positive outlook is also seen in business travel, which now promises a long-awaited rebound with more than half of global company travel budgets back to pre-pandemic levels. . BHN reports. Stephen McCall , CEO, edyn: .

Pricing 246

Pricing Marketing Budgeting Training 246

InnQuest

AUGUST 3, 2023

In the hospitality industry, guest satisfaction is the ultimate goal. To ensure continuous improvement and success, hospitality businesses must adopt effective methods to measure guest satisfaction. The bottom line benefits of guest satisfaction in hospitality industry are customers’ recommendations and repeat business.

Guest Satisfaction 217

Guest Satisfaction Book Document Blog 217

Hotel Owner

JANUARY 31, 2023

The United Nations (UN) made it a critical part of its economic development policy, but it remains voluntary and open to more than one interpretation; and obscure regulations leave room for companies to hype their communications and marketing campaigns. Do hotel companies really do what they say they do?

Travel and Tourism 111

Travel and Tourism Accounting Communication Budgeting 111

Hospitality Net

APRIL 17, 2024

Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces record financial results for the year ended 31 December 2023, reporting revenue over £1 billion for the first time and profit significantly ahead of 2022 levels. The business delivered a 13.7% increase in revenue to £1,035.2m

Budgeting 73

Budgeting Marketing 73

Hotel Business

MARCH 13, 2024

By Jared Lerner In the competitive landscape of the hospitality industry, hotels are constantly seeking innovative ways to optimize their operations, increase revenue and enhance guest satisfaction. Microstays also provide hotels with an opportunity to connect with budget-conscious travelers who may be priced out of their rooms otherwise.

Guest Satisfaction 69

Guest Satisfaction Catering Budgeting Scheduling 69

Hospitality Net

APRIL 5, 2024

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

Budgeting 83

Budgeting Marketing 83

Hospitality Net

JULY 26, 2023

While this revival is indisputably a sign of health for the global economy, corporate executives charged with managing travel budgets are increasingly concerned about long-term cost and program management ramifications.

Procurement 97

Procurement Program Management Budgeting Marketing 97

Hospitality Net

NOVEMBER 7, 2023

Cvent, a market-leading meetings, events and hospitality technology provider, has published the latest instalment of the Cvent Planner Sourcing Report: Europe Edition October 2023.

Events 75

Events Budgeting Marketing 75

Hospitality Net

MARCH 1, 2024

Savvy advertisers and marketers know that with TravelAds you have complete control over your pay-per-click daily spend, making it an effective hotel advertising solution for any budget.

Budgeting 98

Budgeting Marketing 98

Hospitality Net

APRIL 18, 2024

hosting, analytics, data marketing, email marketing, social media marketing, digital marketing agency fees, etc. - all come from the Sales & Marketing Budget, which is a line item in the property budget.

Budgeting 40

Budgeting Book Marketing 40

Modern Restaurant Management

APRIL 24, 2023

You know exactly how many people you’re going to serve, how many portions will be provided, what the cost is, what you’re going to charge and what your net profit will be. Just like everything else in hospitality, there are guidelines that make for more successful outcomes. And you’re getting them for free!).

Catering 197

Catering Pricing Server Marketing 197

Hospitality Net

APRIL 18, 2024

The reasons for this are many, including: the aftermath of the Great Resignation and the Great Reshuffle; less budget available to increase wages and benefits to new labor market levels; high levels of burnout after the pandemic; and retirement of staff who opted to leave the industry earlier than planned due to the economic downturn.

Travel and Tourism 71

Travel and Tourism Budgeting Marketing 71

Hotel Owner

NOVEMBER 30, 2022

Where budget allows, investment in better accessibility, sustainable operations and strong CSR values, will become the expectation not only among customers, but staff too. “As The American market in particular is looking healthier, which we expect to show with bookings in the new year for spring/summer trips.

Book 105

Book Housekeeping Marketing Budgeting 105

Hospitality Net

JUNE 5, 2023

Wondering if it’s even possible for non-branded properties without massive marketing budgets to beat the OTAs at their own game, and drive more bookings to their website? Are you struggling to win the direct booking “war”?

Budgeting 93

Budgeting Book Marketing 93

Hospitality Net

OCTOBER 29, 2023

They mistakenly believe it will be a waste of time, effort, and marketing budget. Many hoteliers underestimate the power of the hotel newsletter. However, those hoteliers couldn’t be more wrong.

Budgeting 75

Budgeting Marketing 75

Revenue Hub

OCTOBER 13, 2022

You only have to have been working in the hospitality industry for a very short time before you have a hilarious dinner time story to tell. In fact, the world of hospitality humour is so vast that some clever writers even made an entire series about what could go wrong in a hotel. NB: This is an article from GuestRevu.

Front of House 85

Front of House Catering Article Budgeting 85

The Restaurant Times

MARCH 6, 2023

It is well known that the hospitality sector has lower profit margins than other market segments. In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022. The gross profit margin is left over after subtracting the cost of the goods sold.

POS Systems 52

POS Systems Catering Server Pricing 52

Larry Mogelonsky

FEBRUARY 12, 2024

Can you measure its direct effect on net contribution? While the two of us are tremendous fans of helping a hotel evolve into a more data-driven organization, there is nevertheless an art to creating a successful hospitality operation. What’s it cost? How about a 1929 Chateau Margaux for $35?

Pricing 100

Pricing Reservations Budgeting Catering 100

Boutique Hotel News

JANUARY 27, 2023

After a topsy-turvy 2022, here are the major hospitality and real estate trends we expect to see in the year ahead, some more unexpected than others. The tax is introduced alongside a green incentive to motivate project teams to implement sustainability efforts exceeding market standards and secure above average sustainability certifications.

Travel and Tourism 130

Travel and Tourism L&D Marketing Pricing 130

Hotel Owner

JUNE 23, 2023

I was really interested in the marketing and branding side of advertising, and I will say I was also attracted to the bright lights of London. I also realised that there was a need within the market for overseas investors needing help finding a property, if they wanted to buy a particular one in central London.

Marketing 104

Marketing Pricing Definition Budgeting 104

Modern Restaurant Management

MAY 18, 2022

In today’s employee-driven market, we have seen only a small number of restaurants increase the employee cost for benefits; they simply did not want to risk losing even one employee. Likewise, forecasting costs and building budgets will mean understanding medical costs as well as the hiring market. This compared to 5.0

Concierge 212

Concierge Budgeting Scheduling Article 212

Hotel Owner

FEBRUARY 22, 2023

It is a vision of a better tourism industry, with sustainability as a core value that underpins all businesses, with courageous leaders who use the power of business to achieve the UN Sustainable Development Goals (SDGs), advance circularity, contribute to conservation and operate with Net Zero emissions. The economic optimism collapses.

Travel and Tourism 105

Travel and Tourism Accounting Training Budgeting 105

Revenue Hub

JULY 26, 2023

With high inflation during the post-pandemic period, the good thing – let’s say – about hotel rooms has been that you can increase your prices to cover higher costs ,” observes Dimitris Mittas, chief executive of hotel and hospitality asset management firm Global Asset Solutions. Are we going to be able to outperform the market or not?

Pricing 95

Pricing Book Marketing Article 95

eZee Absolute

JANUARY 9, 2024

POS terminals securely process and accept UPI payments, net banking, and credit and debit card payments ensuring a swift and hassle-free experience for both guests and staff. They help hotels to stay ahead of the curve, responding dynamically to the ever-evolving demands of the hospitality industry. So I will make it easy for you.

Budgeting 59

Budgeting Training Information Communication 59

SiteMinder

OCTOBER 9, 2023

For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities. In today’s competitive hospitality industry, understanding and optimising these metrics is crucial.

Guest Satisfaction 59

Guest Satisfaction Accounting Book Housekeeping 59

Hospitality Net

JANUARY 18, 2024

The six new dashboards – Market Segments, Booking Channels, Room Types, Pick-Up, Pace and Forecast & Budget – will elevate multi-property data aggregation and analytics to unprecedented levels, ultimately leading to improved commercial performance.

Budgeting 40

Budgeting Book Marketing 40

Hospitality Net

OCTOBER 17, 2023

easyHotel, the low carbon affordable hotel chain, is pleased to announce its trading results for the first half of 2023, delivering positive results as it continues to capitalize on strong market fundamentals in the budget travel segment.

Budgeting 40

Budgeting Marketing 40

eZee Absolute

DECEMBER 11, 2023

There are many channel managers in the market. Some cater to specific markets, while others have a global reach. By partnering with Airbnb, hotels can tap into a niche market of guests seeking a more personalized and immersive experience. Real-Time Updates Time is of the essence in the hospitality business.

Book 59

Book Pricing Information Training 59

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

Modern Restaurant Management

DECEMBER 21, 2022

Instead, as these solutions advance, companies should refer to their technology as “Smart Carts,” or something in the same vein, to give a more accurate representation of what they provide and come off as warm and welcoming tools designed to elevate hospitality. Do a budget and work on predicting cash needs the next 60-90 days.

POS Systems 197

POS Systems Pricing Front of House Marketing 197

Modern Restaurant Management

DECEMBER 12, 2019

As part of these agreements, Tropical Smoothie Cafe restaurants will be developed in key markets throughout the state over the next five years. Interested candidates should have business experience, along with $125,000 in liquid assets and a minimum net worth of $350,000. In 2020, 65. ” Perfectly Designed Pizza Hut.

Book 110

Book Marketing Training Pricing 110

Synergy Suite

JANUARY 12, 2024

How Restaurant Analytics Differ from General Business Analytics While both restaurant analytics and general business analytics focus on data-driven decision-making, restaurant analytics are specifically tailored to the unique environment of the hospitality industry. This metric is indicative of the overall profitability of the restaurant.

POS Systems 52

POS Systems Information Pricing Accounting 52