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The Modern Revenue Manager: 7 Keys to Success

Revenue Hub

Many of these sustainability efforts provide cost reduction benefits as well. For instance, incorporating sensor-controlled lighting and climate systems can reduce energy costs and yield long-term savings.

Pricing 84
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MRM Research Roundup: Super Bowl and Valentine’s Day 2024 Edition

Modern Restaurant Management

Highlights of The Big Game and National Pizza Day Ordering Predictions: 32 percent of diners say they plan to order from a local chain or independent pizzeria instead of a big chain—revealing the opportunity for small and mid-sized pizza restaurants to double down on marketing efforts for The Big Game and National Pizza Day.

Marketing 192
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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

When we talk about cost control in the hotel industry, we typically refer to the management of expenses and the optimization of resources. By diligently managing costs, hotels can ensure profitability and financial sustainability. Content management: maintaining momentum is key in marketing.

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Definition of revenue growth strategies

Les Roches

When setting sales goals, you need to make sure they align with the overall business objectives, which means considering factors such as sale­s volume, customer acquisition, profitability and market share­. First, it is crucial to have­ a clear understanding of production and distribution costs.

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Understanding automation in the hospitality industry

Les Roches

These innovations in hotels range from processes that handle reservations and check-ins to implementing effective marketing strategies, for example, smartphone notifications informing guests about room availability. If you want to learn more about hotel marketing automation, a marketing degree is a great place to start.

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MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. percent year over year according to Black Box Intelligence’s Market Share Report. Holiday Traffic Not Enough.

Events 106
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The Break-Even Point: A Key to Restaurant Financial Success

Synergy Suite

Fixed costs include things like rent, insurance, and salaries, which remain relatively constant regardless of your sales volume. 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.

Pricing 52