Hospitality Net

AUGUST 27, 2023

Like many industries, if you are in the casino or hospitality space, your customer data is entering your business through a growing variety of channels. Messy, unstructured data can cause inaccurate analytics which can negatively impact how you communicate and market to your customers.

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The Restaurant Times

MARCH 6, 2023

It is well known that the hospitality sector has lower profit margins than other market segments. In fact, according to reports , the net profit margins across the restaurant industry decreased from 16% in Q2 2021 to 9.59% in Q2 2022. This data should be easily accessible from your restaurant’s point-of-sale (POS) system.

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Modern Restaurant Management

JANUARY 8, 2024

Consider, for instance, a scenario in which your Point of Sale (POS) system can forecast the popularity of a new dish based on historical customer behaviour. – Corin Camenisch, Product Marketing Lead at SumUp 1 + 0 = 3: The New Math of Marketing!

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Modern Restaurant Management

DECEMBER 21, 2022

Instead, as these solutions advance, companies should refer to their technology as “Smart Carts,” or something in the same vein, to give a more accurate representation of what they provide and come off as warm and welcoming tools designed to elevate hospitality. – Tim McLaughlin, Founder & CEO, GoTab. "We

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InnQuest

NOVEMBER 21, 2022

As business started picking up again after the pandemic, inflation and the cost of living crisis worsened, threatening more uncertainty for the hospitality industry. Preferences vary widely in many aspects, so it’s important to make data-driven decisions on how to cast the net wide and please as many guests as possible.

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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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Synergy Suite

JANUARY 12, 2024

How Restaurant Analytics Differ from General Business Analytics While both restaurant analytics and general business analytics focus on data-driven decision-making, restaurant analytics are specifically tailored to the unique environment of the hospitality industry. This metric is indicative of the overall profitability of the restaurant.

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