Modern Restaurant Management

DECEMBER 10, 2019

Catering can be a great way to increase your sales during the holiday season. You already have the commercial kitchen, staff, customer base, and the economy of scale for bulk ordering so the cost of entry into catering should be relatively low. Promote, Promote, Promote. Start Small. Ask Lots of Questions. Get Super Organized.

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Catering Events Pricing Marketing 141

STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry. Craft targeted marketing campaigns that resonate with specific audience segments.

Pricing 78

Pricing Book Catering Reservations 78

SiteMinder

OCTOBER 10, 2023

What is hotel price monitoring? Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. This data-driven approach enables you to make informed pricing decisions , ensuring you remain competitive in the market while maximising revenue.

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Pricing Guest Satisfaction Information Catering 59

STAAH

MAY 7, 2024

In this regard, having a solid marketing mix in place is crucial. Dynamic pricing strategies Adjusting your room rates based on the season can help you cater to fluctuating demand. This flexibility allows you to meet guests’ expectations while ensuring your prices remain competitive in today’s digital market.

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Marketing Guest Satisfaction Banquet Operations Book 83

Modern Restaurant Management

AUGUST 18, 2020

At the beginning of the pandemic, Paul Dioguardi, owner of Colorado-based Hickory House Ribs, realized there was only so much he could do with the amount of available restaurant tables so he decided to focus on growing the catering side of the business. His updated marketing strategy included new wrapping for their catering van.

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Marketing Catering Pricing 197

Revenue Hub

NOVEMBER 21, 2023

The answer lies in the art and science of market segmentation. NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date Market segmentation, a cornerstone of hotel management, categorizes guests into distinct groups based on various characteristics and behaviors.

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Marketing Catering Pricing Book 89

Revenue Hub

APRIL 15, 2024

B2B hotel marketing focuses on building relationships with other businesses, such as travel agencies, corporate clients, and event organizers, differing fundamentally from B2C marketing’s target on individual consumers. These clients seek value, reliability, and a partner that understands their complex travel and lodging requirements.

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Marketing Communication Article Catering 84

Restaurant Engine

DECEMBER 9, 2020

Some of your customers have even asked about catering options. But is a client base enough to start your catering business? Opening a catering business tied to your restaurant can add extra profits to your business. In this article, we look at how to tell if you should start catering. Let’s look at what you need to begin.

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Catering Server Scheduling Procurement 113

Revenue Hub

OCTOBER 4, 2023

In the quest to maximize your hotel’s revenue, two buzzwords often come up: Revenue Management and Price Optimization. We demystify the differences between Revenue Management and Price Optimization and provide actionable insider tips to boost your hotel’s earnings. Price Optimization: Precision Pricing What is Price Optimization?

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Pricing Article Information Catering 77

Revenue Hub

JANUARY 12, 2024

The Super Bowl is not just a sporting event; For restaurant owners and managers, it is a golden opportunity to leverage Super Bowl restaurant marketing to bring in more people to spectate, celebrate, and enjoy some camaraderie and delicious food. Consider bundling them with discounts to encourage larger catering orders.

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Marketing Catering Article Events 92

Revenue Hub

AUGUST 22, 2023

Dynamic pricing is vital for hotel success today, but only some operators can see beyond the guestroom when applying this technology. NB: This is an article from IDeaS Many factors impacting guestroom dynamic pricing, like seasonality and occupancy, also play a role when optimizing event revenue. What could that look like in practice?

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Pricing Events Book Guest Retention 85

The Restaurant Times

JANUARY 23, 2022

If you have a flair for cooking and want to monetize your passion and skills, you can easily combine the two to start your very own catering business in the USA. . The catering industry includes companies that provide individual event-based food services. In 2019, catering companies in the US earned $11 billion in revenue 2019.

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Catering Events Marketing Budgeting 75

Les Roches

JANUARY 12, 2024

Pricing strategies are an essential part of commercial activity. Entrepreneurs, marketing strategists, and a whole host of other roles in practically every industry require a thorough knowledge of how to set pricing. It goe­s beyond simply assigning a random price and require­s strategic thinking and careful analysis.

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Pricing Marketing Definition Catering 52

Revenue Hub

MAY 2, 2023

The hotel industry is characterized by continuous change and intense competition, making it imperative for hoteliers to develop a deep understanding of market dynamics and customer preferences. NB: This is an article from Lybra , one of our Expert Partners A well-defined pricing strategy is vital for the success of any hotel business.

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Pricing Article Book Events 64

eZee Absolute

SEPTEMBER 11, 2023

Arjun was a hotelier now and I, knowing how difficult it was to make money in today’s market, joked about how his childhood dream of getting rich was now out of the question. Dynamic Pricing Strategies was his magic trick!! Well, I have had some idea about dynamic pricing but I couldn’t let him go without knowing his secret.

Pricing 59

Pricing Book Marketing Events 59

SiteMinder

OCTOBER 10, 2023

What is discount pricing? Discount pricing is a revenue management strategy where prices are lowered temporarily or for certain conditions to attract guests and boost occupancy rates. By offering discounted prices, hotels aim to increase demand, especially during off-peak periods, without compromising on profitability.

Pricing 59

Pricing Guest Satisfaction Book Events 59

Hotel Owner

MARCH 21, 2024

Scafell Hotel, a country inn situated in the Lake District, is being marketed at a lower price of offers in excess of £2m. The site is reportedly appealing to operators looking at its existing use, though it may attract interest from buyers looking to convert it to self-catering accommodation.

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Marketing Catering Pricing 52

STAAH

MAY 24, 2023

Market insights can provide a comprehensive understanding of market trends, guest preferences and industry dynamics. STAAH MAX users can analyze market insights and make informed decisions. Booking.com has introduced a feature that provides Market Insights into what bookers are searching for in your region.

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Marketing Guest Satisfaction Information Pricing 80

Revenue Hub

JULY 10, 2023

NB: This is an article from Mews It informs marketing strategy, helps tailor offers and reveals growth opportunities while optimizing revenue management strategy and profitability. What is hotel market segmentation? From there, you can tailor marketing strategies, services and offerings to meet the requirements of each segmented group.

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Marketing Special Events Book Article 82

Hotel Owner

SEPTEMBER 20, 2023

Self-catering holiday let, The Old Post Office, in the Welsh town of Montgomery in Powys is currently on the market with an asking price of £595,000.

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Marketing Catering Presentation Pricing 97

Modern Restaurant Management

JANUARY 9, 2024

Restaurants trying to attract price conscious diners should make sure that their menus carry several low-cost, higher margin staples that can be sold at reasonable prices. Consider reducing the size and price of certain staples and then offering a “super-sized” portion for a higher price.

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Budgeting Pricing Marketing Catering 193

Hotel Owner

NOVEMBER 16, 2022

Heywood Hall in Denstone, Staffordshire, which has recently diversified into the hospitality sector, has been placed on the market off a guide price of £1.25m.

Marketing 105

Marketing Catering Presentation Pricing 105

Hotel Owner

MAY 10, 2023

The Station Hotel, a privately-run hotel in Shotts, North Lanarkshire, has had its freehold going concern placed on the market for the first time in 20 years for an asking price of £600k. The property is a 100-year-old stone-built building with its own grounds, just off the M8 motorway between Glasgow and Edinburgh.

Marketing 105

Marketing Catering Training Pricing 105

Hotel Owner

APRIL 4, 2024

The freehold of Lincombe Hall Hotel and Spa in Torquay, Devon, has hit the market for a guide price of £4.25m. The multi award-winning hotel and spa comprises 44 en suite bedrooms which have been recently refurbished and redesigned, a luxury five bubble spa with five treatment rooms, and two self-catering apartments.

Marketing 52

Marketing Catering Training Pricing 52

InnQuest

MARCH 2, 2023

This means identifying who your target market is, their needs and preferences, and how you can best serve them. For example, your target market is mainly business travelers. In that case, you can focus on providing amenities that cater to their needs, such as a well-equipped business center or high-speed internet.

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Customer Service Training Guest Satisfaction Property Management 224

eZee Absolute

FEBRUARY 15, 2024

That’s where metasearch platforms step in – like an upgrade to your usual marketing efforts. If the idea of integrating metasearch marketing sounds a bit like rocket science, fear not – this blog is here to be your trusty guide. Simply put, they create a one-stop shop for users to find their ideal stay.

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Marketing Book Pricing Information 52

Service that Sells

APRIL 10, 2023

Here are some May marketing ideas to try in your restaurant: National Hamburger Month – The entire month of May is dedicated to the burger. Offer special prices on homemade strawberry dishes and check into local “pick your own” strawberry patches. Then market it as, “You fire up the grill; we’ll serve up the sides! Check it out!

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Marketing Server Blog Scheduling 81

Hotel Owner

JULY 21, 2023

A Victorian castle in the Eden Valley, which currently operates as a 12-bedroom hotel, has had its asking price reduced to £2m. The owners of Augill Castle have had the property on the market in recent years as they look to start their retirement.

Marketing 97

Marketing Catering Pricing Events 97

The Restaurant Times

FEBRUARY 7, 2023

Menu pricing is one of the most underestimated aspects of restaurant management. If your customers don’t think the prices on your menu are reasonable, how great your concept or your food is won’t matter much. This is where the concept of dynamic pricing comes in to help restaurants! What Is Dynamic Menu Pricing?

Pricing 52

Pricing Reservations POS Systems Marketing 52

Hotel Owner

JANUARY 11, 2023

Roseleigh Guest House, which is located in the spa town of Buxton, Derbyshire, has been brought to market for an asking price of £1.3m The Grade II-listed building dates back to 1871 and offers 14 guest bedrooms, a dining room which caters for 24 customers, and a guest lounge with views overlooking the Pavilion Garden’s lake.

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Marketing Catering Pricing 116

Hotel Owner

APRIL 10, 2024

The four-star Douglas Hotel located on the Scottish Isle of Arran overlooking Brodick Bay has been placed up for sale off a guide price of £2.9m. The distinctive red sandstone hotel building offers 21 bedrooms, along with a 50-cover restaurant, a bar and a large outdoor terrace.

Marketing 52

Marketing Catering Accounting Pricing 52

Modern Restaurant Management

JANUARY 15, 2024

Dive into Super Bowl-specific catering menus and other deals to reach those not leaving the house. Is inflation still driving wing prices? The price of many staple items is continuing to increase throughout the beginning of this year. What else should operators keep in mind to maximize profit for the popular item?

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Catering Pricing Back of House Events 208

Modern Restaurant Management

JANUARY 8, 2024

This capability can prove invaluable for refining pricing strategies, optimising ingredient and waste management, and planning forthcoming shifts, among other benefits. As the trend of digital nomadism continues to rise in the future, catering to this growing demographic becomes increasingly important.

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Pricing Catering Training Marketing 215

Modern Restaurant Management

SEPTEMBER 16, 2020

Modern Restaurant Management (MRM) magazine surveyed marketing experts to find out the best ways restaurants can market themselves now. Basant Baruah, Senior Content Marketer, Beaconstac. Below are a few examples of small and big F&B chains applying unique marketing techniques. Here are their insights.

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Marketing Communication Information Reservations 234

Revenue Hub

MAY 10, 2024

By comparing these metrics, you can identify strengths and weaknesses relative to your competition and adjust your marketing strategies, pricing, and service offerings to improve your market position. Regularly research your competitors’ offerings, including their packages, amenities, and marketing approaches.

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Strategic Planning Article Information Events 87

InnQuest

SEPTEMBER 12, 2023

It encompasses tasks such as front office operations, housekeeping, food and beverage services, maintenance, sales, marketing and financial management. Food and Beverage Services: This department manages all dining and catering services within the hotel, including restaurants, room service, banquets, and bars.

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Maintenance Guest Satisfaction POS Systems Housekeeping 220

Hotelogix

DECEMBER 7, 2023

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. This is the primary reason why as a hotelier, you should know how to select the right OTAs for your hotel.

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Book Budgeting Catering Strategic Planning 269