Revenue Hub

MARCH 11, 2024

If you sell a room at X price, you will earn X profit rather than trying to forecast prices based on market conditions. Less risk Cost-based pricing gives you enough wiggle room to adjust to the market conditions. This strategy also gives you more control over your revenue. How to calculate your hotel cost-based pricing?

Pricing 95

Pricing Article Accounting Information 95

Hotel Business

FEBRUARY 28, 2024

As general counsel, Jennette Roberts is responsible for ensuring corporate governance, compliance and risk management for the company’s operations, and providing legal guidance to the company in its execution of strategic initiatives.

Information 95

Information Marketing 95

Modern Restaurant Management

NOVEMBER 16, 2021

For example, think of all the new cancer treatments like Keytruda and Opdivo that have come to market in recent years that extend life. This issue impacts employers in all business sectors; however, for employers in the restaurant business, making sure your risk is placed appropriately becomes even more complicated.

Marketing 190

Marketing Pricing Magazine 190

Modern Restaurant Management

SEPTEMBER 22, 2021

Recently, the pandemic has caused the most significant challenges, which continues to impact labor markets and supply chains around the globe. Spearhead Scheduling/Risk Management. This also includes reviewing what risk management strategies are employed.

Scheduling 167

Scheduling Budgeting Pricing Marketing 167

Modern Restaurant Management

OCTOBER 19, 2023

Risk and insurance should be top on the list. The Complexities of Franchising Risk and Insurance Requirements Franchisors are required to develop and maintain a risk management plan that goes beyond the commercial to operational risks and establishes the tools to manage them.

Document 98

Document Training Marketing Pricing 98

Hotel Business

DECEMBER 7, 2022

Palladius Capital Management , a vertically-integrated real estate investment manager focused on pursuing multi-family, student housing, hospitality and select thematic investment strategies, has appointed real estate and finance executive Afshin Kateb as CFO/head of hospitality investments.

Accounting 52

Accounting Marketing 52

Revenue Hub

APRIL 17, 2023

Informed decision-making: Accurate forecasting provides insights into market trends, demand patterns, and financial performance, enabling you to make data-driven decisions about pricing, inventory management, and resource allocation that directly impact your ROI. What’s in it for the owner?

Strategic Planning 80

Strategic Planning Guest Satisfaction Pricing Article 80

Modern Restaurant Management

JULY 16, 2021

In this environment, smart and strategic risk management has never been more important. UberEats uses its search data to identify unmet demand for different cuisine types in its markets, and works with local restaurants to create delivery-exclusive menus. Pandemic Pivots Still in Play.

Procurement 186

Procurement Server Pricing Marketing 186

Revenue Hub

JANUARY 25, 2024

Indeed, a growing number of hotels and hotel chains have been looking to reap the rewards of an AI-driven revenue management system (RMS) to optimize their pricing strategies. However, just because a system bears an AI moniker in its marketing doesn’t suddenly turn it into a revenue management silver bullet.

Pricing 79

Pricing Information Marketing Article 79

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. A structure­d plan helps you navigate­ each step, from choosing the right location to ide­ntifying your market niche and defining the­ scale of your operations.

Marketing 52

Marketing Book Accounting Procurement 52

SiteMinder

OCTOBER 10, 2023

This includes fixed costs like rent or mortgage, salaries, and utilities, as well as variable costs like supplies, maintenance, and marketing. Let’s delve into some of the pivotal considerations: Market trends Understanding market trends is crucial for setting prices that are both competitive and profitable.

Pricing 59

Pricing Maintenance Communication Marketing 59

Les Roches

JANUARY 18, 2024

These occupations include areas from finance and marketing to IT management and risk analysis. Primarily responsible for finding new market opportunities, they are rewarded with generous salaries. Marketing manager: their responsibilities are remunerated handsomely with an average salary ranging from $100,000 to $130,000.

Accounting 52

Accounting Business Development Bookkeeping Marketing 52

Les Roches

MARCH 8, 2024

Take advantage of these resources to make informed decisions and manage your finances effectively What to do with a business degree Gaining a business degree opens up a wide array of career paths and opportunities across various industries.

Strategic Planning 52

Strategic Planning Hospitality Management Budgeting Travel and Tourism 52

Hotel Business

SEPTEMBER 5, 2023

.” From January to June, HVMG’s key performance metrics soared compared to most of its competitors and the rest of the industry, evidenced by a same-store RevPAR growth of 13% and an impressive 6% in consolidated market share/RevPAR index growth, according to the company.

Strategic Planning 59

Strategic Planning Accounting Travel and Tourism Guest Satisfaction 59

Les Roches

DECEMBER 27, 2022

Responsibilities of project managers include effective risk management and dealing with any issues as and when they arise. Although an effective risk management strategy should avoid most risks becoming live issues, even in the most efficiently run projects problems will inevitably come up. Risk management.

Budgeting 52

Budgeting Communication Scheduling Event Coordination 52

Modern Restaurant Management

DECEMBER 27, 2023

Beyond recruiting, many employers are responding to the tight labor market by sharpening their focus on the kind of employee experience they’re providing. One way to improve its quality is through personalized benefits that speak to the individual’s needs and wants.

Front of House 114

Front of House Training Document Server 114

Modern Restaurant Management

DECEMBER 19, 2019

A Harder Insurance Market Puts a Premium on Smart Risk Management. And “paycards,” or debit cards to which an employee’s wages are transferred, represent the new payment models that are increasingly attractive to younger workers who may be unbanked or underbanked.

Customer Service 107

Customer Service Training Marketing 107

SiteMinder

OCTOBER 11, 2022

Day to day, the HR manager is in charge of ensuring that all workers rights regulations are adhered to and may be required to assist with negotiations between union leaders and management in the event of staff disputes. Revenue manager. A revenue manager’s job is to set hotel prices. Hotel marketing positions.

Maintenance 72

Maintenance Concierge Front of House Budgeting 72

Modern Restaurant Management

JUNE 14, 2021

Restaurants are coming back saddled with a lot of risks in an insurance market that’s the hardest it’s been in over 20 years. A hard market is one where premiums escalate and the carriers’ have significantly reduced capacity to cover greater loss limits. But the recovery won’t be easy.

Presentation 198

Presentation Marketing 198

Modern Restaurant Management

NOVEMBER 10, 2022

But, it can also be stressful and uncertain, especially when trying to find the perfect risk management solution. Restaurant insurance can provide your business with a safety net when it comes to claims and risk. For example, one day it’s at a farmers market, and the next day at a foodie festival.

Catering 186

Catering Events Information Book 186

Hotel Business

JANUARY 31, 2023

Despite potential economic challenges and uncertainty surrounding the post-COVID return of China—the world’s largest business travel market—the industry remains optimistic about continued recovery and employees’ willingness to travel for work.

Book 59

Book Budgeting Customer Service Accounting 59

Les Roches

JANUARY 23, 2024

Factors such as weather conditions if it’s an outdoor event, tech glitches during a live presentation or even unanticipated budget constraints all deserve your attention when devising appropriate risk management strategies. Set milestones Incorporate milestones in your business event plan to break the task into manageable chunks.

Events 52

Events Budgeting Communication Scheduling 52

Xotels Hotel Revenue Management

NOVEMBER 11, 2019

At XOTELS , it has been a while since we covered this topic on our hotel management blog, so I thought it would be good to have another look at forecasting in hotels. With reservation lead time changing in key markets we operate in, it is becoming more challenging to forecast accurately. Market trends. Financial forecasting.

Reservations 52

Reservations Accounting Book Information 52

Les Roches

JANUARY 25, 2024

Overview of adventure tourism careers The adventure tourism market represents a compelling intersection between travel and exciting opportunity. Many travel companies also look for degrees related to tourism or hospitality management but may prioritize experience over formal education.

Travel and Tourism 52

Travel and Tourism Communication Hospitality Management Customer Service 52

Modern Restaurant Management

MARCH 25, 2020

"They're the only vendor — and I'm talking partners, food suppliers, marketing people — who has put out a Coronavirus Kit. We leverage that experience to offer exceptional risk management consulting and risk transfer practices with leading carriers in the county." Delivery service is not easy.

POS Systems 91

POS Systems Information Article Training 91

Modern Restaurant Management

AUGUST 5, 2020

TouchBistro acquired Boston-based TableUp, a provider of loyalty and marketing solutions for the restaurant industry. and will enable TouchBistro to fully integrate customer loyalty and guest marketing into its all-in-one point-of-sale (POS) and restaurant management platform. ” Tyga Bites Launches. .

Server 199

Server Marketing Bookkeeping Document 199

Revenue Hub

APRIL 15, 2024

Revenue Growth through Targeted Marketing Identifying opportunities for cross-selling and upselling becomes straightforward with a detailed understanding of guest preferences and purchase history. Marketing efforts, too, benefit from the precision of campaigns designed with a clear understanding of customer segments and behaviours.

Customer Service 94

Customer Service Guest Satisfaction Article Information 94

SiteMinder

JANUARY 17, 2024

Recognising and investing in cybersecurity measures is not just about risk management; it’s about upholding your establishment’s reputation and providing a safe, seamless experience for every guest. HTTPS website security is crucial for building guest trust and securing online transactions.

Information 59

Information Server Accounting Travel and Tourism 59

BizBash

DECEMBER 27, 2017

Insurance Managing risk, derivatives, insuring assets Decentralized markets for insurance, more transparent derivatives Insurance, risk management, brokerages, corporate banks, clearinghouses, regulators. Investment banking, corporate banking, real estate, legal.

Accounting 32

Accounting Download Document Information 32

Modern Restaurant Management

JUNE 8, 2020

The interactive Roadmap features links and helpful videos, providing customers with a step-by-step guide that includes a Reopening Checklist, information on staff training, guidance for leveraging social media, suggested marketing and promotions tactics, and an approach for To-Go and Delivery programming strategies.

Sanitation 134

Sanitation Information Marketing POS Systems 134