Hospitality Magazine

FEBRUARY 6, 2023

People will adjust their budgets and choices, and you’re flexible enough to meet them with fresh new offers. Part of this is a boost to staff training: start with tray skills and simple sales scripts, then find ways to make service faster. A digital menu gives you endless flexibility to experiment with new dishes, drinks and pricing.

Bookkeeping 162

Bookkeeping Pricing Book Budgeting 162

InnQuest

MARCH 9, 2023

Additionally, many cloud providers offer flexible pricing models, so you can choose the option that best fits your budget and requirements. Conclusion To sum it up, cloud computing is a powerful and flexible technology solution that can benefit hotels of all sizes, whether small, budget, medium or large.

Server 222

Server Demo Budgeting Property Management 222

Revenue Hub

MAY 15, 2024

NB: This is an article from Kennedy Training Network Subscribe to our weekly newsletter and stay up to date When revenues drop, salespeople are required to meet prospecting quotas, based on a set number of calls, sent emails, DMs, or door knocks. Read on for training tips from KTN’s sales training programs and my conference presentations.

Events 96

Events Book Training Budgeting 96

Revenue Hub

APRIL 22, 2024

The absence of marketing at key points in a traveler’s booking journey due to budget restrictions should be recognized for what it is—opportunity cost. So much so that OTAs have devoted huge chunks of their budgets to these channels. Metadesk covers the cost of media – and is not constrained by artificial budget limits.

Budgeting 106

Budgeting Book Presentation Marketing 106

Hotelogix

OCTOBER 18, 2023

  👉It offers real-time information about room availability, pricing, and amenities, allowing potential guests to make informed decisions and quickly secure their reservations. It allows them to browse available rooms, view pricing and amenities, and make real-time reservations through various channels.

Reservations 100

Reservations Book Information Guest Satisfaction 100

Hotel Owner

OCTOBER 17, 2023

Fletcher said: “This is a well-located, recently rebranded city centre hotel only a few minutes’ walk from Newcastle Central train station and it is operated by a well-known international brand. The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.”

Marketing 98

Marketing Budgeting Pricing Presentation 98

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Plan for Gaps in Your Budget. That said, restaurants didn’t have COVID-19 written into their budget at the beginning of 2020.

Budgeting 227

Budgeting Communication Training & Development Marketing 227

Modern Restaurant Management

NOVEMBER 9, 2023

The high upfront costs, ongoing maintenance expenses, and potential equipment obsolescence can quickly eat into your budget. These machines can vary in price, but even entry-level models can be costly. Purchasing commercial ice and refrigeration equipment can be a significant financial burden on your business.

Maintenance 186

Maintenance Budgeting Training Pricing 186

Revenue Hub

MAY 29, 2024

Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. Breakfast included” can make a big impact on your hotel’s OTA visibility along with budget and reputation. But when it comes to maximizing profits, breakfast can be an overlooked revenue booster.

Budgeting 100

Budgeting Reservations Download Article 100

Hospitality Magazine

JULY 10, 2023

The Hospitality Leaders Summit returns to Melbourne in less than 3 weeks – and time is running out to secure two tickets for the price of one. The Hospitality Leaders Summit will also offer delegates a lesson in menu planning with Ian Curley, who will reveal how he balances budget with creativity. So what are you waiting for?

Menu Planning 100

Menu Planning Presentation Budgeting Training 100

Revenue Hub

JANUARY 12, 2024

Personalization extends across all touchpoints: customer service, the technology you use, guest feedback and employee training, as well as community. Flexible pricing is another way to let guests choose the services that best suit them on a specific budget. You aim to offer the utmost flexibility to accommodate diverse needs.

Customer Service 97

Customer Service Concierge Article Training 97

Modern Restaurant Management

NOVEMBER 8, 2023

At the same time, producers, suppliers and shipping companies have increased their prices; rent and energy prices have also continued to go up vis-à-vis the impact of the Ukraine-Russia conflict. There is a saying we often hear: “Staff training is key to creating consistency and having a successful business.”

Training 185

Training Marketing Pricing Budgeting 185

Boutique Hotel News

JANUARY 16, 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. . We are not only prioritising attracting the best talent, but also retaining them.

Pricing 246

Pricing Marketing Budgeting Training 246

MBB Hospitality

NOVEMBER 23, 2019

Now that you’ve decided to open up your restaurant, you’ll have to determine pricing for all the delicious items you’ll sell to patrons. The right menu pricing strategy is essential for attracting customers and establishing a reliable client base. Pricing Based On Competition. Inadequate Front House Training.

Pricing 52

Pricing Information Front of House Communication 52

Modern Restaurant Management

MAY 2, 2022

Soaring prices, continued supply chain disruptions, and ongoing staffing shortages are creating a perfect storm for restaurants. They need to do two important things: Maximize their existing resources, using staff, budget, and supplies more effectively. With prices skyrocketing, restaurants should focus on eliminating food waste.

Training 210

Training Pricing Document Information 210

Revenue Hub

MAY 29, 2024

Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. Breakfast included” can make a big impact on your hotel’s OTA visibility along with budget and reputation. But when it comes to maximizing profits, breakfast can be an overlooked revenue booster.

Budgeting 83

Budgeting Reservations Download Article 83

Modern Restaurant Management

SEPTEMBER 1, 2023

Integration between the POS and inventory management software allows inventory to be managed from end-to-end by automating steps such as tracking recipes, uploading invoices and auto-updating item prices. Make sure a trained receiver is always on hand during these hours. Always date and label everything.

Accounting 170

Accounting Training Scheduling Information 170

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Training 52

Training Pricing Portion Control POS Systems 52

Modern Restaurant Management

DECEMBER 27, 2023

It should encourage managers to tighten their practices in 2024, starting with fine-tuning and documenting policies, and training to help avert over-serving. Conflict resolution training is also a must. It’s the best way to secure coverage at the best terms and prices. Some guidelines: Thoughtfully lean into risk.

Front of House 114

Front of House Training Document Server 114

7 Shifts

MARCH 11, 2020

Don’t forget to budget for training, installation, and support costs. Utilities Budget 5% of your operating budget for utilities. We recommend setting aside a marketing budget of at least $1,000 to launch your restaurant. Renovations Budget for more than you think you’ll need for your renovations.

Budgeting 141

Budgeting Scheduling Training Bookkeeping 141

SiteMinder

DECEMBER 3, 2023

These bookings can encompass a range of options, from luxurious five-star hotels to quaint bed and breakfasts, from international flights to local train journeys, and from guided tours to self-driven adventures. Travellers can now quickly compare pricing and availability directly within TripAdvisor. Here’s what we mean.

Book 105

Book Pricing Reservations Budgeting 105

SiteMinder

NOVEMBER 22, 2023

They must also manage budgets, negotiate with vendors, and handle any unforeseen challenges that arise during events. Budgeting A crucial aspect of managing hotel events is maintaining a comprehensive and realistic budget. Tip : Always include a contingency fund in your budget.

Events 59

Events Budgeting Book Workshop 59

Modern Restaurant Management

SEPTEMBER 22, 2021

Remember that it can also be expensive to hire and train new employees. The price tag can blindside you if you are not ready, so you need to think carefully about the equipment you need to open your door. Remember that you may need to pay additional costs to have the equipment installed, so budget accordingly.

Budgeting 155

Budgeting Training Pricing 155

eZee Absolute

JUNE 12, 2024

This struggle isn’t unique; many small and mid-size hotels face the same problem as high-priced software that doesn’t fit their budgets and seems complicated to use. Whether troubleshooting technical issues or conducting training sessions for staff members.

Book 52

Book Demo Guest Satisfaction Budgeting 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” IKEA (offering lower prices at times when it is least busy).

Pricing 52

Pricing Book Budgeting Marketing 52

Service that Sells

FEBRUARY 13, 2023

The idea is that input from an outsider can uncover gaps in your restaurant training , processes, and procedures. Unfortunately for most operators, great restaurant consultants come with a hefty price tag. If you’re thinking you’d never have the budget for that sort of thing, you’re not alone.

Server 94

Server Blog Budgeting Training 94

Les Roches

JANUARY 11, 2024

Effective­ leadership and manageme­nt in the sales departme­nt are key as they provide guidance­, training and support to ensure the sale­s team has the right skills and resource­s needed for succe­ss. Training and development of a sales team Sales training can significantly increase ROI (return on investment).

Definition 52

Definition Pricing Training Marketing 52

SiteMinder

OCTOBER 11, 2022

Duties include training and managing various other hotel front desk positions such as receptionists and concierge. Depending on the hotel and the training opportunities available, this can be an entry level position. Duties can include overseeing various departments, conducting health and safety audits, and managing budgets.

Maintenance 72

Maintenance Concierge Front of House Budgeting 72

Synergy Suite

NOVEMBER 30, 2023

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. For restaurant owners and managers, understanding and effectively managing prime costs are paramount.

Portion Control 52

Portion Control Scheduling Pricing Training 52

7 Shifts

JANUARY 23, 2020

Spend time researching low rent prices with good location. Prepare your budget in advance and leave room for “surprise” expenses. Plan out your labor costs (costs associated with staffing) by researching average wages in your area, suggested training costs, and any benefits you’ll provide. Training before opening.

Training 134

Training Scheduling POS Systems Budgeting 134

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

Hotel Business

NOVEMBER 9, 2022

The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks. A few examples of this include using energy-efficient lightbulbs, cross-training associates, optimizing labor scheduling, locally sourcing ingredients for menu items and optional daily housekeeping.

Guest Satisfaction 52

Guest Satisfaction Budgeting Back of House Housekeeping 52

STAAH

MAY 11, 2023

These gentle giants are trained to carry visitors on their backs through the forests and tea plantations, providing a unique and unforgettable experience. It is a comprehensive practice that combines physical exercises, self-defence techniques, and weapon training, including the use of swords, spears, and shields.

Travel and Tourism 94

Travel and Tourism Budgeting Business Development Strategic Planning 94

Modern Restaurant Management

JANUARY 30, 2023

Driving Down Energy Budgets FSRs often have larger spaces to heat, cool, and light than their limited-service counterparts. That magnifies the importance of driving down their energy costs—as conversations about double-digit price increases swirl around their industry. Energy/utility bills are another obstacle.

Facility Management 179

Facility Management Budgeting Training Pricing 179

7 Shifts

AUGUST 2, 2023

Make sure to consider these key factors from both the administrative and employee perspective: Pricing: Consider whether the platform charges a flat fee (monthly or annual), a percentage of tips, or a combination of both. Check what's in your budget, including a cost-benefit analysis. Preparation is the key to a smooth transition.

Training 78

Training Demo Information Communication 78

Hotel Business

APRIL 12, 2023

based and European executives with travel budget oversight, fielded between Feb. While higher travel prices are the most significant factor deterring companies from travel, live events are poised to be the major driver of business travel demand, leapfrogging to the top reason for international travel from the U.S.

Accounting 111

Accounting Events Budgeting Pricing 111

Les Roches

DECEMBER 27, 2023

Some notable options include: Hotel management: Executing administrative and operations duties, hotel management draws on many skills from customer service to budget management. The goal is to maximize income­ by strategically pricing and controlling inventory, finding a balance be­tween rates, de­mand and occupancy.

Travel and Tourism 52

Travel and Tourism Hospitality Management Communication Customer Service 52