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Harness the power of data analytics in hospitality

Les Roches

Competition analysis By analyzing competitor information, hotels can accurately gauge how they’re performing against rivals within their niche markets. Insights gathered from indirect competition such as vacation rental homes can also offer understanding in other areas to inform strategic planning.

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How To Tackle High Restaurant Failure Rates In The US?

The Restaurant Times

It is imperative to have enough funds in reserve for the first 12 to 16 months in case of any uncertainties. Competition analysis, visibility and traffic in the surroundings, accessibility, parking spaces are all crucial elements for selecting the perfect location for your restaurant. Source: Restaurant Den.

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Why restaurants fail: Make sure you do not make these 38 mistakes

Lithos POS

Ensuring Best Customer Service Management of Vendors, Inventory, and Equipment HR Objectives Marketing Planning menu Health and safety standards Managing costs. The main reason many restaurants fail is that they do not follow the customer. Lack of Competitive Analysis. Restaurant Manager Duties. Digital Marketing.