Hospitality Net

FEBRUARY 5, 2024

RIU has presented its new Proudly Committed sustainability strategy. This change comes after a deep internal reflection on the future of the hotel industry and its impact on the community, the environment and employees.

Definition 98

Definition Presentation 98

Hospitality Net

JANUARY 16, 2024

DQ, an Abu Dhabi-based investment and holding company, and ADNEC Group (“ADNEC”) today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s (“TMG Holding”) hospitality arm, ICON Group (“ICON”) through a capital increase.

Definition 90

Definition 90

Revenue Hub

MARCH 7, 2023

Subscribe to our weekly newsletter and stay up to date In this post, we are going to explain what the total revenue definition is, and how you can calculate total revenue in your hotel. Total revenue definition Let’s start by looking at a basic total revenue definition. How do you calculate total revenue?

Definition 72

Definition Accounting Concierge Article 72

Les Roches

JANUARY 11, 2024

Photo Credit Main Image: Prapass Pulsub/ Moment via Getty Images The post Definition of revenue growth strategies appeared first on Les Roches. As they navigate the complexitie­s of revenue growth, strate­gic planning and flexible adaptation become­ pivotal for long-term financial success and consolidating a strong position in the­ market.

Definition 52

Definition Pricing Training Marketing 52

Les Roches

JANUARY 8, 2024

Photo Credit Main Image: We Are/DigitalVision via Getty Images The post Exploring personalized marketing: A definitive guide appeared first on Les Roches. If you want to learn all these emerging marketing trends and how to steer a hospitality business to success, enrol with Les Roches today.

Definition 52

Definition Marketing Information Communication 52

7 Shifts

SEPTEMBER 1, 2022

If you're standing in line waiting to order the special of the night, the seasonal Panzanella Salad, you don't want to hear “86 the special”. At some point when you were dining in a restaurant, you may have heard the BOH staff shout “86” and the name of a menu item to the waiters.

Definition 144

Definition Front of House Communication POS Systems 144

Synergy Suite

FEBRUARY 28, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business The post Multi-Channel POS Systems: Definition and Benefits appeared first on SynergySuite.

POS Systems 52

POS Systems Definition Front of House Demo 52

Hospitality Net

DECEMBER 5, 2023

In an era of rising operational costs and sustained labor challenges, operational efficiency in hotel back offices has become paramount. Uncover simple steps to automating many aspects of a back office that will improve hotel operations, reduce costs, and decrease your hotel’s environmental footprint.

Definition 98

Definition 98

Synergy Suite

MAY 16, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business Restaurant Reservation and Table Management Systems What is a Restaurant Reservation System? What is PAR level?

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Revenue Hub

NOVEMBER 7, 2022

The post Hotel Demand Based Pricing: Definition, Benefits and Practical Examples appeared first on Revenue Hub. It’s all about taking advantage of that sense of urgency and adjusting your price in line with the higher price that late adopters are willing to pay. Read more articles from Beonprice.

Pricing 78

Pricing Definition Article Marketing 78

Hospitality Net

OCTOBER 29, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions.

Pricing 91

Pricing Definition Marketing 91

Hospitality Net

DECEMBER 4, 2023

Hotels use, on average, 20 discrete on or above-property systems to service their guests, manage operations, and facilitate commerce. This complicated web of systems was born out of necessity, because of the complexity of running a hotel. As a result, data has become siloed, which in turn has led to new commercial and operational challenges.

Definition 52

Definition 52

eHotelier

OCTOBER 29, 2023

There is no definitive guide to social media marketing because social media is constantly evolving, but these tips can help you always stay ahead of the curve.

Marketing 279

Marketing Definition 279

Les Roches

DECEMBER 27, 2023

Photo Credit Main Image: fizkes/iStock via Getty Images The post Exploring the world of guest services: from definitions to job descriptions appeared first on Les Roches. This gives you access to a wide range of careers, everything from service agent to guest services manager.

Guest Services 52

Guest Services Definition Customer Service Concierge 52

SiteMinder

OCTOBER 5, 2023

What is RevPAM? RevPAM is a key performance indicator hotels use within their revenue management. RevPAM means revenue per available metre. RevPAM is a metric that takes the entire space of the property into the equation, as opposed to simply looking at RevPAR or TrevPAR.

Definition 59

Definition Blog Events Pricing 59

Fast Casual

SEPTEMBER 7, 2023

In this eBook, we dive into lease management for growing franchises. We untangle complexities, explore solutions, and reveal the power of modern technology. Just as a well-baked cake needs the right mix, we'll uncover how a lease management platform can transform challenges into growth opportunities.

Definition 66

Definition 66

Hospitality Net

AUGUST 1, 2023

Every had an amazing stay experience either for business or for pleasure, everything went right from the check-in to the room and everything in between, and now you are going home or on to your next destination, but before you go, how about a spot of breakfast before hitting the road?

Definition 96

Definition 96

The Restaurant Times

JUNE 11, 2020

Are these definitions of the same model? The post One Restaurant Concept, Many Names: Delivery-Only Restaurant Defy Traditional Definitions appeared first on The Restaurant Times. Or are they different? This blog post answers all such queries and uncovers the right interpretation of this revolutionary model. .

Definition 83

Definition Front of House Maintenance Kitchen Operations 83

eHotelier

MARCH 21, 2024

VisitEngland’s Easter Trip Tracker survey, published today, indicates that 11 million Brits are definitely planning an overnight holiday trip in the UK for the Easter weekend, bringing an estimated £3.2 billion boost to the economy.

Definition 130

Definition 130

MEWS

MARCH 1, 2024

This requires an ambitious approach to utilization, and it’s definitely something hospitality can learn from. The utilization mindset Running a profitable airline is hard. In 2023, the industry’s net profit margin was less than three percent.

Definition 147

Definition 147

SiteMinder

OCTOBER 15, 2023

What is hotel dynamic pricing? Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue.

Pricing 59

Pricing Definition Book Marketing 59

Synergy Suite

FEBRUARY 7, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business The post What is a Restaurant POS System? POS Definition, Types, and Benefits appeared first on SynergySuite.

POS Systems 52

POS Systems Definition Server Information 52

The Restaurant Times

FEBRUARY 19, 2022

The post The Fine Dining Definition And What Its Experience Should Feel Like appeared first on The Restaurant Times. Fine dining restaurants are thus designed to leave a strong impression through minor but effective touches, assisting them in building their legacy and patronage. Looking forward to opening a fine restaurant?

Definition 52

Definition Server Training Maintenance 52

eHotelier

AUGUST 22, 2023

million Brits are definitely planning an overnight holiday trip in the UK this Bank Holiday weekend, bringing an estimated £2.7 VisitEngland’s August Bank Holiday Trip Tracker survey, published today, shows that 9.7 billion boost to the economy.

Definition 130

Definition 130

Hospitality Magazine

APRIL 10, 2024

This action met the definition of ‘serious contraventions’ under the Protecting Vulnerable Workers laws because of the deliberate and systematic conduct. Fair Work also found Ms Handoko and Ms Parmenas were involved in some of the companies’ contraventions but serious contraventions were not alleged against them.

Definition 243

Definition 243

eHotelier

JANUARY 16, 2024

China's "ice city" Harbin in Northeast Heilongjiang Province has definitely become a tourism sensation this winter, attracting millions of domestic and international travelers.

Travel and Tourism 130

Travel and Tourism Definition 130

Lodging Magazine

MARCH 8, 2024

Tim Gerhold, general manager, The Golden Hotel, Ascend Hotel Collection in Golden, Colorado, definitely has the often-mentioned hospitality gene.

Definition 110

Definition Magazine 110

eHotelier

JANUARY 17, 2023

Sortis Holdings, Inc — an ecosystem of innovative, experiential hospitality brands — has entered into a definitive agreement to acquire Ace Group International, along with its management company, Atelier Ace. With the acquisition, Sortis Holdings, Inc.

Definition 130

Definition 130

Hospitality Net

FEBRUARY 6, 2024

There are many definitions of machine learning (ML). For purposes of this explainer, ML is the scientific study of algorithms and statistical models that computer systems automatically use in real-time to effectively perform a specific objective function (such as optimizing revenue) without using explicit instructions.

Definition 97

Definition 97

Hospitality Net

MARCH 20, 2024

Read on to discover the definition of service excellence in 2024. One of the best examples of service excellence is the Ritz-Carlton’s Gold Standards, with their famous $2,000 rule which employees are empowered to spend to delight a guest above and beyond fixing problems. How many of us actually know what ‘service excellence’ truly means?

Definition 98

Definition 98

EATER

MAY 22, 2020

Photo: Denis Larkin /Shutterstock. Plus, the U.K. has a flour shortage that has nothing to do with “The Great British Bake-Off,” and more news to start your day Yes, there are likely bugs living in our fresh produce. No, I did not want to be reminded of that.

Definition 98

Definition Information 98

Hospitality Net

NOVEMBER 6, 2023

NYSE:HGV) (“HGV” or “the Company”) today announced that that it has entered into a definitive agreement to acquire Bluegreen Vacations (NYSE: BVH; OTCQX: BVHBB) for $75 per share in an all-cash transaction, representing total consideration of approximately $1.5 Hilton Grand Vacations Inc. billion, inclusive of net debt.

Definition 110

Definition 110

Soft Inn

JANUARY 5, 2023

Whether your hotel is located in the heart of the city area, near the beach or even situated on a hill surrounded by lush forests, having a good pricing strategy would definitely affect your hotel’s revenue. It is very important to sell the room at the right price at the right time.

Definition 130

Definition Pricing Book 130

Fast Casual

OCTOBER 27, 2023

"The rule upends employment policy, adopting a far-fetched definition of 'employer' based on 'indirect or potential influence' of an employee and then fails to define how 'indirect control' will count toward a joint employer relationship," the National Restaurant Association said in a statement.

Definition 101

Definition 101

Eat Restaurant Management

NOVEMBER 15, 2022

If you are new to the restaurant industry or a seasoned veteran looking to be more involved in the process, you are definitely going to have to brush up on your restaurant lingo.

Definition 105

Definition 105

Hotel Owner

MARCH 11, 2024

Full details of the merger will be announced once a definitive agreement has been reached between the two parties. Both parties hope to finalise an agreement in the next few weeks but this will be subject to investor, third-party consents, and regulatory review by the SEC and a national securities exchange.

Definition 97

Definition 97

Hospitality Net

NOVEMBER 29, 2023

The Alliance’s CEO, Glenn Mandziuk, believes that the industry could achieve a shared definition on standards and certification as early as next year.

Definition 97

Definition 97