Modern Restaurant Management

FEBRUARY 4, 2022

Though many of the market forces that shaped the restaurant industry in 2021 were closely linked to disruption from the pandemic's onset in 2020, 2022 brings new challenges — and opportunities. The ghost kitchen definition is evolving to include restaurants that have a small pick-up area for guests to grab their food themselves.

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Reservations Definition POS Systems Customer Service 216

Revenue Hub

JANUARY 31, 2023

This is intended to partially offset the additional costs caused by the increased prices and pass them directly to the guests. This ensures that the hotel remains solvent and can continue to exist in the market. Price stability: Due to the openly communicated energy flat rate, the remaining prices can be kept stable.

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Pricing Communication Definition Presentation 77

Modern Restaurant Management

JANUARY 31, 2024

The website is one part of it, but it’s also about maintaining an active social media presence, offering a loyalty program, and investing in ongoing marketing campaigns. Inventory : Generally, when food costs go up, operators will raise their menu prices by a small amount. I think that’s definitely part of it.

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Multi-Unit Operations Bookkeeping POS Systems Pricing 199

STAAH

DECEMBER 13, 2023

Worldwide marketing – Booking.com promotes you on search engines and online channels for exposure to more potential guests. Pricing Foundations: Get more bookings with flexible and non-refundable rates! This rate plan is often preferred by price-sensitive travellers. The more availability you add, the more exposure you get.

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Book Blog Pricing Reservations 78

Revenue Hub

OCTOBER 23, 2023

Each of these indices offers a unique perspective on a hotel’s performance, allowing management to obtain a comprehensive view of its position in the market. Revenue Generation Index (RGI) Definition : RGI compares a hotel’s revenue performance to its competitive set.

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Definition Article Pricing Marketing 97

Revenue Hub

OCTOBER 10, 2023

Another exciting key technology component for the hotel industry is GIS – Geographic Information Systems which enables hotels to compile geographic information to target and enhance their marketing efforts. It can also tell how reservation pace changes as your rates change or competitor rates fluctuate, and this is all based on compiled data.

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Information Reservations Pricing Events 99

Revenue Hub

OCTOBER 25, 2022

Involve your revenue management department, marketing team, and your frontline staff to come up with a winning game plan. Your revenue management and marketing departments are clued in to local and industry trends, while marketing and frontline staff will have a deep understanding of your guests’ needs and attitudes.

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Book Housekeeping Article Definition 78

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Pricing 52

Pricing Book Budgeting Marketing 52

SiteMinder

MARCH 13, 2024

Cheapest hotel app There’s really no definitive ‘cheapest’ hotel app, since budget hotels and affordable accommodations can be found on all apps. Travellers might also use metasearch apps like Trivago , or local apps such as Australia’s Wotif , to discover properties at lower prices and easily compare their options.

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Book Reservations Blog Housekeeping 78

MEWS

JANUARY 16, 2023

Flexibility and availability The traveler’s experience The future of hospitality Adapting to the market Conclusion What is a hostel? It is about lower-priced shared accommodations with a large dorm room containing bunk beds and shared bathroom facilities. Hostels are able to keep prices down by offering basic services and amenities.

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Budgeting Reservations Book Housekeeping 130

eZee Absolute

AUGUST 10, 2023

In today’s dynamic and fiercely competitive hospitality industry, Hyper Personalized Marketing for Hotels has emerged as a powerful tool to stand out. To put it simply, hyper-personalized marketing for hotels involves delivering highly tailored and individualized experiences to customers and goes beyond traditional personalization techniques.

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Marketing Book Budgeting Information 52

EATER

DECEMBER 28, 2020

In the market for Champagne for whatever reason? Champagne’s legacy of luxury and connection to upper-class marketing has created a worldwide industry distributing 300 million bottles in a typical year. These house Champagnes represent a broad range of prices, each one readily available in the U.S. Veuve Clicquot Yellow Label.

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Reservations Pricing Definition Marketing 107

Uncorkd

JANUARY 24, 2019

Early Reservation Specials. Reservation! Reservations! Reservations! One of the biggest aspects of Valentine’s Day is securing the perfect reservation time. Things can become chaotic and overwhelming when customers wait till the last second to book a reservation. The Details. Ingredients: 2 ounces gin.

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Marketing Reservations Book Information 64

Revenue Hub

APRIL 3, 2023

Sponsored Benefits Through this program, customers receive a price incentive when booking through booking.com. Booking.com offers customers a competitive price for their accommodation, i.e. the customer may be offered a cheaper price than you have set. The pricing per occupancy is important for the rates.

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Book Pricing Article Information 72

Revenue Hub

NOVEMBER 7, 2023

Plus, use our Excel template to collect the necessary data without relying on a PMS for seamless reservations history analysis. Offering insights into guest behaviours, booking patterns, and revenue streams, they are a critical asset for understanding the market dynamics and carving out a future-proof strategy.

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Download Article Pricing Definition 83

Xotels

JUNE 2, 2023

As a hotel management company , we understand the challenges they face in developing effective hotel marketing strategies to drive bookings through their own portals. While the ideal scenario is to handle everything independently, relying solely on your own revenue management and hotel marketing strategy may not be sufficient.

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Marketing Book Information Reservations 40

Hotelogix

NOVEMBER 17, 2023

Once your audience finds your hotel's website rate on metasearch engines and if it matches their price point, they will definitely book directly with you.  This helps in attracting more guests via increased direct bookings.

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Book Blog Reservations Definition 130

Modern Restaurant Management

JANUARY 26, 2022

On Valentine’s Day, restaurants fill up quickly with reservations from couples eager to spend a romantic night together. To determine this number, look at how much your average customer would spend and increase the price. Once you decide to throw a party, you’ll want to start working on your marketing strategy.

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Events Special Events Definition Catering 224

Les Roches

DECEMBER 30, 2023

Definition of product Let’s start by e­stablishing a shared understanding of the te­rm ‘product’ in a business context. Definition of service As above, it’s also important to have a clear unde­rstanding of what defines a service­. They lack physical substance.

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Guest Services Concierge Definition Customer Service 95

Hotel Owner

SEPTEMBER 25, 2023

Richard and Jon had become frustrated by the PMS software that was available on the market. These eliminate guests queuing for 10-15 minutes to check in and has most definitely been welcomed by the business traveller. Oh, and we won’t be beaten on price either! So technology while retaining a personal feel?

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Book Events Definition Customer Service 93

Synergy Suite

APRIL 17, 2023

Your restaurant website is probably the most vital tool in your food business marketing arsenal. A well-crafted website will allow your customers to view your menus, book a reservation, find your physical location, order delivery, and contact you directly. This makes the creation process easy for even the most non-technical person.

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POS Systems Reservations Blog Back of House 52

Synergy Suite

DECEMBER 7, 2023

Revenue per seat represents the average income generated for each occupied seat within a specified timeframe, offering a nuanced perspective on customer spending patterns and the effectiveness of pricing strategies. Competitive Advantage In a competitive market, a higher revenue per seat can set your restaurant apart.

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POS Systems Pricing Training Reservations 52

Modern Restaurant Management

JUNE 27, 2022

They may have discovered you from an Eater article, booked their reservation through OpenTable, or located you via Google Maps, and they will surely review their experience on Yelp — whether positive or negative — when their meal is complete. Restaurant customers do everything from their phones. They’re Easier to Update.

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Article Definition Budgeting Customer Service 199

Revenue Hub

JUNE 28, 2023

to improve your strategies Strategy has a lot of definitions, but when boiled down it ultimately is an exercise in problem solving. The first why was their initial observation: Why is revenue per available room ( RevPAR ) not as high as we anticipated and not conforming to market growth expectations? Using “why?”

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Strategic Planning Housekeeping Article Book 76

SiteMinder

NOVEMBER 16, 2022

“Our staff efficiency has improved – we managed to save our payroll cost for the Reservations department by 30%,” said Patrick and Mason. And since all data is integrated in real-time, our rates and inventory management are more strategic and easier to control versus market demand.

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Definition Book Reservations Property Management 52

Synergy Suite

MARCH 21, 2023

Efficiently managing your restaurant’s tables and reservations is a critical aspect that can significantly impact your overall success. A restaurant table management system is a digital platform that automates and centralizes the process of managing table reservations, waitlists, and seating arrangements.

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POS Systems Reservations Communication Demo 52

Revenue Hub

OCTOBER 27, 2022

A 2021 McKinsey Study on Data and Personalisation showed that companies that capture more value from data grow faster, driving “40% more revenue” from data programs with personalized sales and marketing tactics and activities. If historical data models alone didn’t apply pre-COVID then they definitely won’t apply today.

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Information Article Definition Marketing 84

Synergy Suite

APRIL 11, 2023

While this may work in the short-term, this strategy definitely has its drawbacks. The increased visibility helps you tap into new markets and attract a diverse customer base. Marketing and Promotion Back in the 1990’s Bill Gates stated: “If your business is not on the Internet, then your business will be out of business”.

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POS Systems Reservations Information Definition 52

SiteMinder

NOVEMBER 17, 2023

As one of Ireland’s last few remaining family-run businesses we are proud to continue the long established tradition and pass it along to the next generation of the family,” says Geraldine Grealy , a member of the family run business and also the Marketing & Public Relations Manager at the hotel. “We This is a huge benefit for us.

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Book Reservations Pricing Definition 69

Xotels

NOVEMBER 23, 2023

From front-of-house functions like guest reception and concierge services to back-of-house operations like finance, and marketing, every facet of a hotel’s functioning falls under the umbrella of hotel management. For a comprehensive understanding of the definition of hospitality management , read our full article.

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Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

From front-of-house functions like guest reception and concierge services to back-of-house operations like finance, and marketing, every facet of a hotel’s functioning falls under the umbrella of hotel management. For a comprehensive understanding of the definition of hospitality management , read our full article.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

7 Shifts

MARCH 11, 2020

Read on to discover common restaurant opening expenses you will definitely encounter, and unexpected restaurant opening costs that you may encounter on your journey to restaurateurship. month ) and a reservation management tool ($200+/month). We recommend setting aside a marketing budget of at least $1,000 to launch your restaurant.

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Budgeting Scheduling Training Bookkeeping 141

Xotels Hotel Revenue Management

AUGUST 5, 2020

The unofficial definition of Revenue Management used by insiders is ‘the art of turning away business’. And I am sure many revenue management professionals out there are challenged to switching gears in terms of their pricing and distribution strategies. Or look for the top performers in your market online. Get in Their Face.

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Definition Pricing Marketing Book 52

Revenue Hub

MARCH 26, 2024

So, there’s definitely no shortage of data. For example, revenue teams can leverage data-driven decision intelligence to establish the most suitable room rates, project future reservations, estimate staffing requirements, manage inventory levels, and allocate other resources strategically.

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Guest Satisfaction Procurement Information Article 62

SiteMinder

DECEMBER 20, 2023

Key features within the solution include the Smoobu channel manager, the Smoobu website builder, and the Smoobu PMS (reservation system). It is therefore loaded with market-leading functionality in terms of business intelligence and integrations. If you’re looking for a channel manager, SiteMinder is definitely worth a try.

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Book Demo Property Management Pricing 59

EATER

NOVEMBER 8, 2023

The tablescape, a concept once reserved for prop stylists and wedding planners, has lost its fuss. When she started selling glassware back in 2019, shoppers assumed that price was for a set.) Her customers are beginning to view dressing their homes in a way they once reserved for their wardrobes.

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Reservations Definition Accounting Pricing 97

EATER

FEBRUARY 11, 2021

But if the world of wine seems baffling (and it definitely can be), Champagne, with its high price tag and even higher expectations, is pure, unfiltered intimidation. The famed French wine region is synonymous with excess, marketing fluff, and conspicuous consumption — things we could all do with a bit less of right now.

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