InnQuest

JUNE 8, 2023

Hotels can now use machine learning to analyze data to anticipate guest needs, optimize pricing and improve operations. Smart algorithms can also detect anomalies, predict maintenance needs and alert users in advance, reducing downtime and improving device longevity. weather, events) and market trends to predict future booking demands.

Maintenance 135

Maintenance Guest Satisfaction Pricing Marketing 135

Hotel Owner

OCTOBER 12, 2022

The London market has come back more strongly than anyone anticipated, while some hotels in the more staycation-driven regions have struggled to get back to the unique levels achieved last year during the summer – but even then, they have still done well. Many of these are due to end this time next year.

Marketing 105

Marketing Procurement Housekeeping Facility Management 105

Hotel Business

APRIL 1, 2024

We are launching the CoralTree Residence Collection because we recognized an opportunity in the market,” said Tom Luersen, president, CoralTree Hospitality. With our company’s deep roots in vacation rental management, we knew we’d be able to meet the demand and provide customized and enhanced support in this space.

Procurement 111

Procurement Concierge Housekeeping Maintenance 111

Hospitality Magazine

OCTOBER 4, 2023

It’s important to prepare for big challenges, plan to protect assets, and organise disaster-recovery marketing. It needs preventive maintenance well before summer including cleaning the condenser coils at the back of the fridge units every month, checking the door seals are in good shape, and re-gassing the motors.

Maintenance 130

Maintenance Communication Training Pricing 130

Revenue Hub

SEPTEMBER 4, 2023

Hotel operations technology focuses on optimizing efficiency and reducing costs, while revenue managers concentrate on pricing strategies and increasing revenue. Housekeeping and maintenance data can also be used with occupancy data to forecast and plan maintenance operations.

Housekeeping 84

Housekeeping Maintenance Pricing Information 84

Revenue Hub

JULY 24, 2023

The worst part is if hotels at the destination start a price war to attract more guests, the results will be lower revenue for all, and no additional guests will travel to the destination because the hotel rooms are cheap. There are more reasons to travel to the destination, and the guests are less price sensitive than before.

Maintenance 79

Maintenance Travel and Tourism Special Events Guest Satisfaction 79

Modern Restaurant Management

JUNE 21, 2023

These items must be promoted in the design of the menu and through your marketing. When introducing new menu items to a menu category, they must be priced at the average profit from that menu category + the recipe cost of goods sold (COGS), and then rounded off to the next half dollar.

Maintenance 180

Maintenance POS Systems Pricing Presentation 180

Hotel Owner

OCTOBER 3, 2023

The 201-bedroom Voco St John’s Solihull hotel is up for sale at a price of £25m. OYO will manage all operational aspects, including guest bookings, housekeeping, and maintenance, offering a flexible engagement term ranging from three to 15 years.

Housekeeping 98

Housekeeping Maintenance Property Management Pricing 98

Hotel Business

MAY 16, 2024

At the same time, hotels that also invest in renewable energy generation such as rooftop solar may be able to compound the technologies’ benefits, lowering the input cost of electricity while the consumer sale price remains the same. Dennis Carter leads EV Charger business development for LG Business Solutions USA.

Budgeting 103

Budgeting Maintenance Business Development Presentation 103

The Restaurant Times

JANUARY 11, 2021

In an exclusive conversation with The Restaurant Times , Sukriti Singh shares her thoughts on the impact of Covid-19 on the pizza business and how she plans on creating a niche brand in the pizzeria market with NYC.PIE. . The post How NYC.PIE is Creating A Niche In The Pizzeria Market appeared first on The Restaurant Times.

Marketing 81

Marketing Maintenance Pricing 81

Modern Restaurant Management

JULY 26, 2023

In today's ever-evolving economic climate, characterized by escalating retail prices and a limited number of desirable properties, restaurants face a significant challenge in finding suitable locations that align with their criteria. This strategic moves has allowed Papa Johns to tap into new markets and reach a larger customer base.

Maintenance 88

Maintenance Catering Communication Marketing 88

Hotelogix

FEBRUARY 13, 2024

Housekeeping and maintenance Impeccable rooms and facilities are non-negotiable. Without the right insights, it becomes tough to develop a marketing strategy to attract guests from all segments for more sales, occupancy, and revenue - leisure, family, corporates, large groups, etc. They need value for what they pay.

Housekeeping 148

Housekeeping Regulatory Compliance Guest Satisfaction Maintenance 148

SiteMinder

SEPTEMBER 10, 2023

The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. It enables you to establish revenue benchmarks, control operational expenditures , allocate resources judiciously, and prepare for contingencies such as economic downturns or unexpected maintenance issues.

Budgeting 59

Budgeting Maintenance Front Desk Operations Document 59

SiteMinder

OCTOBER 11, 2022

From handling complaints and supervising staff to scheduling maintenance and managing budgets, this role oversees all aspects of hotel operations. A revenue manager’s job is to set hotel prices. This involves constant analysis of the market as well as negotiating with third party booking platforms. Hotel maintenance positions.

Maintenance 72

Maintenance Concierge Front of House Budgeting 72

Serviced Apartments

NOVEMBER 10, 2023

Rhodium will provide its services to developers, architects, hotels and non-hotel lifestyle brands, supporting form pre-planning, sales and marketing, lettings, through to operations. UK: Luxury property advisory and management firm Rhodium has launched a white-label property management service for the branded residence sector.

Property Management 59

Property Management Concierge Maintenance Pricing 59

Revenue Hub

JUNE 1, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. 3) Understanding Cost of Acquisition: Having a clear understanding of the costs associated with each distribution channel, including development, maintenance, and commissions, is crucial.

Book 80

Book Reservations Article Pricing 80

Modern Restaurant Management

DECEMBER 28, 2023

The ability to gauge real-time customer satisfaction is a game changer for restaurants aiming to adapt and thrive in an evolving market. Predictive Maintenance : AI will revolutionize kitchen operations, by predicting equipment failures minimizing downtime, and ensuring a great dining experience.

Kitchen Operations 123

Kitchen Operations Training Maintenance Pricing 123

Modern Restaurant Management

JANUARY 9, 2023

Other expenses — such as utilities, occupancy, supplies, general/administrative and repairs/maintenance — combine to represent about 29 percent of sales. Actions taken include: 87 percent of restaurants increased menu prices. 92 percent of operators say food costs are a significant challenge.

Pricing 141

Pricing Maintenance Reservations Accounting 141

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?

Pricing 52

Pricing Book Budgeting Marketing 52

Revenue Hub

MARCH 13, 2023

Optimize revenue management: During the off-season, demand is lower, and hoteliers need to be strategic with their pricing. Consider using dynamic pricing strategies , such as offering discounts for longer stays or targeting specific segments of travelers, to maximize revenue.

Book 71

Book Travel and Tourism Workshop Training 71

SiteMinder

OCTOBER 11, 2022

From hiring all staff to scheduling maintenance to creating new revenue management strategies , the hotel management team is extremely busy. Director of marketing. Reporting issues to the maintenance team. Maintenance department. However, this team is tasked with overseeing all aspects of the hotel’s operations.

Front of House 59

Front of House Housekeeping Maintenance Back of House 59

EATER

JANUARY 18, 2022

However, that puts her labor costs at higher than the average, and underestimating her fixed costs — like equipment, maintenance — affect that too. I’ve done a lot of market and retail analysis in my former life,” says Lê, who has a master’s degree in city planning and worked at the UCLA Labor Center and an electrician’s union.

Pricing 98

Pricing Maintenance Communication Marketing 98

SiteMinder

SEPTEMBER 7, 2023

Examples might include resort fees that cover property maintenance, parking fees, or additional cleaning fees if guests bring pets. These include: Resort and amenity fees These fees cover the use and maintenance of on-site facilities like swimming pools, gyms, and spas. Stay away!”.

Book 105

Book Valet Services Travel and Tourism Maintenance 105

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. 4) Defining Target Audience: To make online distribution more efficient, it is essential to clearly define the target audience or market. that individual operators can only dream of.

Book 82

Book Reservations Article Download 82

InnQuest

SEPTEMBER 28, 2022

In contrast, by choosing a user-friendly cloud PMS, you can gain immediate access to all important data and gain a much-needed edge to succeed in the competitive hospitality market. The ideal cloud property management system has zero maintenance costs and third-party integration charges, and offers free software upgrades.

Property Management 130

Property Management Catering Housekeeping Maintenance 130

Revenue Hub

MARCH 5, 2024

Revenue Limitations Imposed by Legacy Systems Inefficiency and High Maintenance Costs One of the most significant drawbacks of legacy systems is their inefficiency. A study by Forrester Research found that legacy systems can use up to 75% of a company’s IT budget just for maintenance , leaving only 25% for new initiatives.

Maintenance 96

Maintenance POS Systems Book Article 96

Revenue Hub

APRIL 12, 2023

In a recovering hotel market, properties must look at all opportunities to increase their revenue and profitability to grow business. This can be particularly important for hotels that have high fixed costs, such as maintenance and staffing.

Pricing 61

Pricing Training Guest Satisfaction Book 61

Revenue Hub

MARCH 30, 2023

NB: This is an article from OTA Insight In the UK, RSM and Hotstats data found that utility prices had nearly doubled since 2018 and had increased by 49% compared to pre-pandemic. This will enable you to maximise maintenance efficiency while effectively managing energy usage.

Maintenance 75

Maintenance Article Communication Pricing 75

Hotel Owner

JUNE 19, 2023

In the ever-evolving travel market, urban pop-up hotels in Purpose Built Student Accommodation (PBSA) buildings represent a thriving hospitality industry trend, as well as a valuable, potential growth opportunity for a student housing portfolio. So, how do you make the most of the opportunities within this sector?

Concierge 105

Concierge Housekeeping Maintenance Book 105

Revenue Hub

OCTOBER 25, 2023

Channel Managers ensure that your room availability and pricing information is consistent across all platforms in real-time. Rate Parity: It helps maintain rate parity , ensuring consistent prices across all platforms. Seeking a Global Reach: GDS is your bridge to a worldwide audience.

Book 96

Book Reservations Guest Satisfaction Pricing 96

Revenue Hub

OCTOBER 6, 2023

NB: This is an article from WebRezPro OTA commissions, transaction fees, loyalty programs, advertising campaigns, and sales and marketing personnel all contribute to the cost of acquiring new customers. Certain kinds of guests may also be more disposed to like you, so you don’t have to spend as many marketing dollars to convince them.

Book 99

Book Maintenance Article Marketing 99

Hotel Business

SEPTEMBER 15, 2023

For an effective pricing strategy, you should look to determine your offerings, including: Variety of rates Discounts Your loyalty program offerings Upsell opportunities Slow periods are an excellent time to understand price fences such as advanced purchase, deposit or cancellation policies, as these can be flexed over time.

Special Events 64

Special Events Pricing Accounting Events 64

Hotel Business

AUGUST 11, 2023

More tech and AI are coming into F&B via marketing and guest profile capture metrics. Paying folks higher wages from the farm or field producer to the table is also pushing prices higher. What are some trends you’re forecasting for the next few years? That doesn’t mean slashing the budget.

Maintenance 52

Maintenance Catering Pricing Budgeting 52

Revenue Hub

OCTOBER 13, 2023

Market Trends: Being aware of market dynamics allows you to adapt your budget to capitalize on opportunities or mitigate risks. Competitor Analysis: By knowing what your competitors are doing, you can better set competitive prices, offer competitive services, and identify gaps in the market that you can introduce.

Budgeting 93

Budgeting Revenue Projections Article Maintenance 93

SiteMinder

OCTOBER 16, 2022

Marketing & pricing: Analysing financial statements can indicate whether your hotel’s marketing and pricing strategies are bringing in enough revenue, and whether you need to adjust your approach. This can be helpful for: Setting prices for your rooms or services (to maintain a healthy profit margin).

Pricing 72

Pricing Information Maintenance Accounting 72

Hotel Business

SEPTEMBER 28, 2023

“This transaction represents a welcome return for Lowe and CoralTree to the roots of our business and to familiar markets where we have been active for decades. “Our hospitality management business was formed in 1973 to provide residential resort management services,” said Rob Lowe, co-CEO, Lowe.

Resort Management 99

Resort Management Procurement Concierge Housekeeping 99

7 Shifts

JULY 16, 2021

In this guide, we'll go through everything you need to open a new coffee shop, from market research to buying coffee to hiring the best team. Research the Market. Market and Promote the Opening. Below is a list of the potential coffee shop concepts to think about when conducting your market research. Research the Market.

Scheduling 183

Scheduling Marketing POS Systems Pricing 183