Remove Cost Reduction Remove Events Remove Marketing Remove Pricing
article thumbnail

The Modern Revenue Manager: 7 Keys to Success

Revenue Hub

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more. Many of these sustainability efforts provide cost reduction benefits as well.

Pricing 87
article thumbnail

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. To achieve­ revenue growth, imple­menting effective­ pricing strategies is fundamental and a discipline in itself.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 196
article thumbnail

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

Synergy Suite

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. The break-even point tells you how many dishes or meals you need to sell to cover both fixed and variable costs.

Pricing 52
article thumbnail

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.

article thumbnail

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 128
article thumbnail

El Pollo Loco’s Pledge and techtown Refresh

Modern Restaurant Management

This investment represents the first institutional capital into Green Rabbit and positions the company to continue its growth in the $20 billion e-commerce food and grocery delivery market by adding additional talent to its workforce and further developing its supply chain automation capabilities. Six of the ten largest retailers in the U.S.

Events 86