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

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 198

Catering Pricing Server Marketing 198

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? Namely, we are wine nuts, so let’s start there.

Pricing 100

Pricing Reservations Budgeting Catering 100

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

Larry Mogelonsky

MARCH 7, 2024

Artificial intelligence (AI) is at the forefront of hospitality technology heading into 2024, and in looking at specific tasks where it can be deployed, a very lucrative application is in attribute-based shopping (ABS). You give a guest four room types and they have no problem selecting which one fits their needs and budget.

Book 100

Book Budgeting Reservations Presentation 100

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. For this reason, the profit margin of your restaurant is one of the defining factors of its success.

POS Systems 52

POS Systems Catering Server Pricing 52

Hospitality Net

SEPTEMBER 8, 2023

Travelodge, the UK’s first budget hotel brand, today launches a new multi-million pound integrated advertising campaign, which celebrates the company’s role as the ultimate enabler of the great value getaway - helping millions of people to get out there and do their thing, whether that is for business or leisure, at a great price.

Budgeting 78

Budgeting Pricing 78

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 81

Front of House Catering Article Budgeting 81

Hospitality Net

AUGUST 18, 2023

As temperatures drop, so do prices, providing plenty of opportunities for budget-savvy travelers to score a getaway for less. According to the Fall Travel Forecast released today by Expedia®, Hotels.com® According to Expedia, flight searches for fall are up 15%, and hotel searches increased 20% compared to fall 2022.1

Budgeting 75

Budgeting Pricing 75

Hotel Owner

JUNE 26, 2023

While that story might be apocryphal, it’s a sentiment that is often on show in the hospitality world. Doing away with fixed menus that are costly to print and instead flexing your previously set prices for each dish is easy if you have an iPad menu that you can change for each meal time, depending on your demand.

Budgeting 119

Budgeting Presentation Training Pricing 119

Modern Restaurant Management

MAY 18, 2022

In recent years, medical technology has been driving trend, but in today’s economic environment, medical providers are raising prices. Likewise, forecasting costs and building budgets will mean understanding medical costs as well as the hiring market. Additionally, a bubble has emerged due to deferred care. This compared to 5.0

Concierge 213

Concierge Budgeting Scheduling Article 213

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 Talk of sustainability will move to carbon neutrality and net zero. Revenue recovery and the investor landscape. Sustainability will evolve.

Book 105

Book Housekeeping Marketing Budgeting 105

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. U is for understaffed Staffing issues will continue to be a focal point of conversation for hospitality providers.

Travel and Tourism 130

Travel and Tourism L&D Marketing Pricing 130

SiteMinder

OCTOBER 9, 2023

In today’s competitive hospitality industry, understanding and optimising these metrics is crucial. Average daily rate (ADR) measures the average revenue earned from each occupied room per day, shedding light on pricing strategies. A result higher than 1 shows that you are priced above your competitors.

Guest Satisfaction 59

Guest Satisfaction Accounting Book Housekeeping 59

Synergy Suite

DECEMBER 5, 2023

Understanding this critical number can help you make informed decisions about pricing, menu offerings, and cost control, ultimately leading to the financial success of your restaurant. 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

Hotel Owner

JUNE 23, 2023

I could see there was a need among people who were busy, high net worth delegators. LCP finds the best properties and the best prices to renovate and to let foreign customers manage these properties. We’re really disrupting the hospitality market, which has always been a very transient market.

Marketing 104

Marketing Pricing Definition Budgeting 104

eZee Absolute

DECEMBER 11, 2023

Compatibility with Your PMS User-Friendly Interface Connectivity with OTAs Real-Time Updates Pricing Structure Mobile App Training and Support Analyzing Data and Creating Reports Unlock the Future of Your Hotel with eZee The Role of a Channel Manager Let’s start at the beginning.

Book 59

Book Pricing Information Training 59

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. Don’t be afraid to increase price.

POS Systems 198

POS Systems Pricing Front of House Marketing 198

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

Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. Where was the value for the price paid? Customer demand: guests who are willing to pay different prices.

Pricing 97

Pricing Marketing Training Book 97

Modern Restaurant Management

DECEMBER 12, 2019

Interested candidates should have business experience, along with $125,000 in liquid assets and a minimum net worth of $350,000. “It allows us to purchase items for the classrooms that we may not have been able to afford in our standard budget." " Black Bear Diner Adds CMO. ” Camille Chavez. .

Book 110

Book Marketing Training Pricing 110

7 Shifts

JULY 6, 2023

A three-month consulting gig turned into a six-month gig, which turned into a partnership at a hospitality company in Toronto. What do you reserve your budgets for - to invest in growth in people? So it's not about big budgets, it's about thought and care. What's the price elasticity of this product? I had a blank canvas.

Document 78

Document Book Pricing Marketing 78

Modern Restaurant Management

SEPTEMBER 15, 2020

Hospitality Recovery Coalition. The Distilled Spirits Council of the United States (DISCUS) announced the formation of the Hospitality Recovery Coalition with the goal of supporting on-premise partners, including restaurants, bars and distilleries, facing harsh economic impacts due to the COVID-19 crisis. NAB Acquires SALIDO.

Marketing 162

Marketing Sanitation Multi-Unit Operations Information 162

Modern Restaurant Management

JANUARY 17, 2020

To qualify financially for Hattie Marie’s franchise ownership, you must have a provable net worth of at least $100,000, and liquid assets of at least $40,000. Best of all, we got all of that at an affordable price. Prospective franchisees should have a minimum net worth of $250,000.

Multi-Unit Operations 136

Multi-Unit Operations Marketing Customer Service Strategic Planning 136

Modern Restaurant Management

OCTOBER 29, 2020

He spent 55 years with the same company in the hospitality industry before starting Freddy’s. The merger marries two South Florida catering brands, adding a new dimension to Bill Hansen Catering’s 40-year culinary journey by offering expanded culinary offerings for budget-conscious clientele.

Catering 144

Catering Marketing Communication Events 144

Modern Restaurant Management

JUNE 12, 2020

The Restaurant Workers’ Community Foundation is a national non-profit dedicated to making the restaurant industry more hospitable to all workers. His previous experience also includes acting as CFO and controller for numerous hospitality and fast casual brands such as Rubio’s, Carl’s Jr., and Del Taco. John Fuller.

L&D 168

L&D Multi-Unit Operations Marketing Training 168