Revenue Hub

OCTOBER 23, 2023

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.

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Pricing Book Cost Reduction Strategic Planning 88

Revenue Hub

OCTOBER 11, 2023

You can see a summary of the points below Really hope you enjoy the conversation Subscribe to our weekly newsletter and stay up to date WATCH NEXT (A few of our other videos) Has The Sustainability Topic Reached Marketing and Revenue Teams? Automation: Routine tasks can be automated, freeing up time for strategic planning.

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Training Strategic Planning Pricing Information 86

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” What Makes Hotels Suitable to Apply Revenue Management?

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Pricing Book Budgeting Marketing 52

Les Roches

JANUARY 11, 2024

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.

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Definition Pricing Training Marketing 52

Synergy Suite

DECEMBER 7, 2023

Here we will delve deep into the concept of revenue per seat, exploring what it is, why it’s important, and how you can strategically increase it to drive higher profits for your restaurant. Competitive Advantage In a competitive market, a higher revenue per seat can set your restaurant apart.

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Modern Restaurant Management

AUGUST 31, 2021

Operators also continue to grapple with higher input costs, with wholesale food prices increasing at their fastest rate in seven years. Menu prices have increased nearly four percent through June 2021. Technology, Outdoor Dining, and Alcohol To-Go Are Here to Stay. President and CEO of the National Restaurant Association. "Consumer

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Synergy Suite

DECEMBER 5, 2023

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. It acts as a financial safety net, helping you make informed decisions about cost-cutting or marketing strategies to weather downturns.

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Pricing Budgeting Information Marketing 52

Les Roches

JANUARY 19, 2024

The business plan is a roadmap, outlining important aspects such as market analysis, manage­ment structure, marketing plans, ope­rational strategies, and financial projections. Why do you need a hotel business plan? Why do you need a hotel business plan?

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Xotels Hotel Revenue Management

MARCH 4, 2020

Target New Customer Segments With a Dynamic Marketing Drive. There are specific niche markets beyond the traditional business-leisure dichotomy. As boomers are generally in their retirement years now, they tend to have much more free time, and so are the ideal target market for low season sales periods. Geo-specific Targeting.

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Blog Pricing Training Accounting 52

Lithos POS

DECEMBER 19, 2023

Like all the business the business model also needs strategic planning to succeed. His duties include executing marketing strategies, recruitment, and hiring, ensuring food quality, staff training, and maintaining effective communication between the administrative team, kitchen staff, and front-of-house employees.

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STAAH

MAY 16, 2023

Setting the right price for your hotel rooms is crucial for driving revenue and maximizing profitability. However, there are many factors that can influence your hotel’s pricing strategies. What is Hotel room pricing? What is Hotel room pricing? Hotel room pricing is a critical element of revenue management for hotels.

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Pricing Book Strategic Planning Blog 85

Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager.

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Marketing Strategic Planning Travel and Tourism Guest Satisfaction 52

Xotels Hotel Revenue Management

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Many define itt as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” You cannot just apply different prices and restrictions per day without a plan in place – as you can easily do more harm than good.

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Pricing Book Marketing Information 76

Synergy Suite

JANUARY 12, 2024

By examining sales data, cost of goods sold (COGS), and other financial metrics, restaurant managers can identify trends, predict future revenue, and make informed decisions about pricing, cost control, and capital investment. Competitive Advantage In today’s data-driven world, leveraging analytics can provide a significant competitive edge.

POS Systems 52

POS Systems Information Pricing Accounting 52

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. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies.

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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. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Modern Restaurant Management

MAY 28, 2021

Clean Juice®, honored its franchise partners during its annual Juicey Awards event. Founders Landon and Kat Eckles kicked off the event by welcoming all franchise partners and home office team members and outlining another record-setting performance in 2020 in which they served more than 2.2 Clean Juice Celebrates Franchisees.

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Marketing Training Health & Safety Scheduling 189

EATER

JULY 6, 2022

Hundreds of teachers adopted the program, carrying Stone Barns’ message beyond its tony Pocantico Hills campus — in 2016, it noted that the “vast majority of participating students come from economically disadvantaged communities, with 72 percent qualifying for free or reduced-price school lunch.”. Stan Honda/AFP via Getty Images.

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