Revenue Hub

OCTOBER 25, 2023

GDS connects travel professionals, such as travel agents, with hotel inventory, facilitating real-time reservations. Increased Bookings: It’s a valuable source of reservations, especially from corporate travelers and travel agencies. Rate Parity: It helps maintain rate parity , ensuring consistent prices across all platforms.

Book 96

Book Reservations Guest Satisfaction Pricing 96

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

STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. The channel manager picks reservation and rates updates made in the PMS and immediately distributes them to the connected channel.

Book 82

Book Reservations Article Download 82

InnQuest

SEPTEMBER 28, 2022

The cloud PMS software must be adept at all key functions like getting listed online, making reservations, facilitating guest entry and housekeeping to communicating with guests all-throughout. 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

Modern Restaurant Management

DECEMBER 28, 2023

Predictive Maintenance : AI will revolutionize kitchen operations, by predicting equipment failures minimizing downtime, and ensuring a great dining experience. Dynamic Pricing Strategies : Using AI algorithms menu prices will be dynamically adjusted, based on factors optimizing revenue and adapting to real time market trends.

Kitchen Operations 123

Kitchen Operations Training Maintenance Pricing 123

SiteMinder

OCTOBER 11, 2022

Reservations agent. Taking reservations or bookings over the phone. Making restaurant reservations and booking taxis on behalf of guests. From hiring all staff to scheduling maintenance to creating new revenue management strategies , the hotel management team is extremely busy. Reporting issues to the maintenance team.

Front of House 59

Front of House Housekeeping Maintenance Back of House 59

SiteMinder

SEPTEMBER 6, 2023

It should include a smooth, secure booking system that shows real-time room availability and pricing, letting guests book a room without the back-and-forth of phone calls or emails. Once a booking is made, automated emails kick in, confirming the reservation and even suggesting add-ons like room upgrades or dining options.

Book 98

Book Reservations Blog Demo 98

SiteMinder

SEPTEMBER 10, 2023

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. Contingency planning : Include a contingency fund to address unexpected situations like maintenance emergencies or economic downturns.

Budgeting 59

Budgeting Maintenance Front Desk Operations Document 59

Revenue Hub

NOVEMBER 21, 2022

Add up the number of reservations for the same time. Divide the number of room nights by total reservations to get your ALOS. This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. Why is it important to track ALOS at your hotel?

Book 78

Book Front of House Pricing Catering 78

Revenue Hub

JULY 19, 2023

Having this knowledge under the hood, you will be able to set rates accordingly, predict your guests’ stay patterns, plan maintenance, and schedule enough staff. This will allow you to dynamically optimize the pricing policy and sell your units at reasonable prices.

Maintenance 78

Maintenance Article Pricing Scheduling 78

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.

Book 105

Book Valet Services Travel and Tourism Maintenance 105

Hotel Owner

JUNE 19, 2023

We’re in our fourth year of operating pop-up hotels throughout the UK and Europe, managing reservations, distribution and pricing, as well as reception, cleaning and maintenance staff. So, how do you make the most of the opportunities within this sector?

Concierge 105

Concierge Housekeeping Maintenance Book 105

Hotel Business

AUGUST 11, 2023

Restaurants implemented digital ordering systems, QR codes for menus and online reservation systems to reduce contact and enhance the customer experience. Paying folks higher wages from the farm or field producer to the table is also pushing prices higher. That doesn’t mean slashing the budget.

Maintenance 52

Maintenance Catering Pricing Budgeting 52

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.” Why is Revenue Management Important to Hotels & Other Industries?

Pricing 52

Pricing Book Budgeting Marketing 52

SiteMinder

NOVEMBER 15, 2022

Add up the number of reservations for the same time. Divide the number of room nights by total reservations to get your ALOS. This allows you to create pricing and distribution strategies that maximise high-demand periods and continue to drive business even when things slow down. one month, quarter or a custom period).

Book 59

Book Front of House Pricing Catering 59

Hotel Business

MARCH 16, 2023

Why hoteliers don’t like to think about their phone system From an onsite communication standpoint, old phone systems and PBX equipment have traditionally been in the category of more—more equipment, more vendors and more maintenance. Why the reservation to replace this critical piece of a hotel’s infrastructure?

Maintenance 59

Maintenance Communication Budgeting Definition 59

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. Table of contents.

Pricing 59

Pricing Information Blog Reservations 59

Hotel Business

MARCH 16, 2023

Booking source In 2019, OTA-sourced bookings made up 57% of all reservations, while non-OTA bookings made up the remaining 43%. In 2022, global occupancy rates had a sluggish start due to the Omicron variant, but by mid-year, rates were back above over 50 percentage points, driven by summer “revenge travel.”

Book 52

Book Maintenance Pricing Budgeting 52

Les Roches

DECEMBER 27, 2023

Among the main types of leadership found in the hospitality industry are: Hotel management: roles span staff coordination, overseeing logistics and maintenance, and handling management for all the departments within the hotel, and dealing with suppliers and investors.

Travel and Tourism 52

Travel and Tourism Hospitality Management Communication Customer Service 52

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). Guest Reservations.

Pricing 72

Pricing Information Maintenance Accounting 72

Synergy Suite

JULY 11, 2023

Support and Maintenance Consider the level of support and maintenance provided by the payroll and HR solution provider. Compare pricing plans, subscription fees, and any additional costs associated with the system, such as implementation or customization fees.

POS Systems 52

POS Systems Maintenance Information Accounting 52

Hotelogix

FEBRUARY 4, 2024

  Reservation management: This feature allows you to manage all your reservations from a single dashboard. You can also cancel or modify reservations based on guests' requirements here.  You can update prices, add new items, and manage inventory. You'll always know which rooms are ready for guests.

Housekeeping 148

Housekeeping Maintenance Reservations Accounting 148

SiteMinder

OCTOBER 11, 2022

Cloud-based PMS solutions are a superior way to automate and accelerate all the important processes at your hotel including; Taking and confirming bookings, Managing reservations, Generating bills and reports, Check-in/out, Room transfers, Checking/editing availability, Guest communication. Manage your revenue. Front desk operations.

Housekeeping 52

Housekeeping Property Management Book Reservations 52

Synergy Suite

APRIL 24, 2023

Ensure that the system can generate receipts with all necessary order details, such as itemized pricing, special instructions, and customer details. You should be able to add, remove, or update menu items, descriptions, pricing, and options as needed. Budget Review your budgetary constraints when selecting an online ordering system.

POS Systems 52

POS Systems Information Maintenance Pricing 52

SiteMinder

JANUARY 8, 2024

Reservations management: As soon as a room is sold, the job of managing that reservation begins. Property management: From gardening to repairs, managing property maintenance is a key task within any hotel business. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Travel and Tourism 59

Travel and Tourism Book Housekeeping Customer Service 59

Modern Restaurant Management

DECEMBER 10, 2019

Whether it is a bill, repairing a faulty appliance, maintenance or another cost, it can have a big impact on your cash flow. Having no cash reserve for emergencies means you run the risk of any such unexpected costs that could derail your business's daily operations.

Budgeting 124

Budgeting Accounting Maintenance Reservations 124

Metasphere

APRIL 27, 2022

Make sure the system can be used as a hotel maintenance software that allows your housekeepers to log a water leak directly to the maintenance department, or for front desk agents to send a reminder to the bellboy to bring the guest's luggage down. What Is the Pricing Module for Housekeeping Systems?

Housekeeping 52

Housekeeping Maintenance Download Scheduling 52

SiteMinder

MAY 12, 2023

Expenses – Money going out to pay for upkeep and maintenance of your property and services (e.g Managing revenue – With packages, promos, extras, add-ons, and a possible myriad of room types, room pricing can be extremely variable. room sales). staff wages). your amenities). suppliers). Hotel accounting is no different.

Accounting 52

Accounting Maintenance Document Pricing 52

SiteMinder

JANUARY 8, 2024

Reservations management: As soon as a room is sold, the job of managing that reservation begins. Property management: From gardening to repairs, managing property maintenance is a key task within any hotel business. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Travel and Tourism 52

Travel and Tourism Book Housekeeping Customer Service 52

Xotels Hotel Revenue Management

NOVEMBER 11, 2019

With reservation lead time changing in key markets we operate in, it is becoming more challenging to forecast accurately. It anticipates desired cash flow per month to compensate for periods of low demand – otherwise known as seasonality reserves. Are they any pending reservations that haven’t been entered in your PMS).

Reservations 52

Reservations Accounting Book Information 52

SiteMinder

AUGUST 29, 2023

Hotel operating costs Hotel operating costs encompass a wide array of expenses, from staff salaries, utility bills, and maintenance to marketing, guest amenities, and food & beverage supplies. Maintenance and Repairs Hotels must be in top condition to ensure guest satisfaction.

Housekeeping 52

Housekeeping Guest Satisfaction Book Maintenance 52

Les Roches

MAY 24, 2023

This includes functions such as employee scheduling, reservation management, and making sure that you have enough staff to handle all the tasks needed at busy times. Menu design and pricing: You’ll need to make sure that menu pricing generates enough profit for the restaurant.

Front of House 52

Front of House Communication Hospitality Management Customer Service 52

Les Roches

MAY 9, 2023

This includes functions such as employee scheduling, reservation management, and making sure that you have enough staff to handle all the tasks needed at busy times. Menu design and pricing: You’ll need to make sure that menu pricing generates enough profit for the restaurant.

Front of House 52

Front of House Communication Hospitality Management Customer Service 52

SiteMinder

MAY 8, 2024

Depending on the nature of their services, they may take care of housekeeping, maintenance, and ensure compliance with local regulations, allowing you to focus on expanding your portfolio and increasing your revenue. Some companies might also charge additional fees for services such as cleaning, maintenance, and special guest services.

Property Management 52

Property Management Maintenance Communication Housekeeping 52

EATER

MAY 5, 2022

Yes, you can occasionally find products labeled “Shaoxing” and “Zhenjiang” and “Jinhua” in these parts, but they’re sort of analogous to a bottle of balsamic vinegar sold at a big box store: The label may say “Modena,” but that five-buck price tag is a big giveaway. This slimy mixture is then tossed into salt water and allowed to ferment.

Presentation 98

Presentation Reservations Maintenance Marketing 98

Les Roches

JANUARY 19, 2024

Hotel operations Operating a hotel involves meticulous coordination, starting from managing room reservations to supervising staff members. This addresses operating costs and initial expenses such as purchase prices if you’re thinking of buying a hotel. They must be practical, cost-effective, and streamlined.

Marketing 52

Marketing Book Accounting Procurement 52

Modern Restaurant Management

DECEMBER 28, 2022

The primary advantage of moving equipment costs from the CapEx to the OpEx column for small and medium businesses is obvious: cushier cash reserves and fewer loans means less pressure to hit high revenue goals to make back the CapEx bills. EaaS for Small and Medium Businesses.

Maintenance 197

Maintenance Budgeting Reservations Back of House 197