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.

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Pricing Definition Book Marketing 59

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. It helps you identify trends, measure the impact of pricing changes, and assess the success of marketing initiatives.

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POS Systems Pricing Training Reservations 52

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

Les Roches

APRIL 26, 2023

Definition of clients and customers According to the Cambridge Dictionary , the definition of a client is someone who receives services, while a customer is a person who buys goods and services. These definitions may sound similar, but there is more difference between clients and customers in business based on the type of relationship.

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Customer Service Definition Communication Events 52

Restaurant Engine

FEBRUARY 8, 2023

This is why it’s so essential that you have correct information about your hours, address, phone, contact info, description, price range, category, reviews, and photos. Some board ideas include a menu board, a recipe board, a special events board, an inspirational quotes board, and a cooking tips board.

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Accounting Information Blog Events 59

Synergy Suite

OCTOBER 5, 2023

In this article, we’ll explain the definitions of revenue and sales, how they’re different, and how to calculate each of them. It represents the total income generated from selling food, beverages, and other services. This helps identify strengths and areas for improvement.

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Catering Information Events Labor Cost Controls 52

MBB Hospitality

APRIL 24, 2019

In fact, its ongoing promotion of 3 for $10 has earned them more customers who are definitely turning to loyal patrons. Result: Wider market reach to those who can’t afford regular Chili’s prices. Take note of food-centric holidays and special events, and plan your promotions around them. Bring ‘Em Hell at Hell Pizza.

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