Boutique Hotel News

JANUARY 3, 2023

The online platform by MeetingPackage provides customers with price information and the live availability of meeting room spaces across Clermont Hotel Group’s London portfolio. UK: Clermont Hotel Group (CHG) has partnered with MeetingPackage to allow customers instantly book meeting rooms. We truly believe that Clermont are leading the way.

Book 130

Book Procurement Information Pricing 130

Modern Restaurant Management

MAY 10, 2022

Nobody has time for that when there is a crowded dining room, to-go orders flying out the window and customers complaining about their favorite menu items going up in price. It can take hours to manually figure out things like recipe costs, ingredient prices and inventory counts. Partner with Supply Chain Experts.

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Cost Reduction Pricing Procurement Information 191

Modern Restaurant Management

NOVEMBER 5, 2021

Traditional forecasting and procurement strategies are no longer enough to keep pace with today’s unpredictable supply chain. Predictive analytics enables you to match internal data, like sales history, with external data such as natural disasters, weather patterns, and even gas prices. Problem: Restaurant Closures.

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Procurement Information Pricing 232

Modern Restaurant Management

MAY 26, 2022

Since we can’t get away from rising prices and supply chain bottlenecks, we can look for new approaches that can help manage the impact. Many restaurants are doing this by raising prices, cutting costs, taking items off the menu, and making do with lean crews. When is the season for the produce I want to work with?

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Pricing Procurement Information Events 143

Modern Restaurant Management

JUNE 9, 2023

Get Your Licenses in Order Starting a restaurant business involves registering with the authorities and procuring the relevant licenses. Paying attention to pricing and menu design is also crucial as restaurants need to gauge what their customers order and the appropriate prices they will pay for these dishes.

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Document Training Procurement Marketing 129

Modern Restaurant Management

JULY 18, 2022

Fast forward to today, and chicken prices are at historic highs, as is the soybean oil used for frying the chicken. As a franchise brand with dedicated distributors, vendors, and a healthy list of secondary sources to procure tier-one ingredients to run our poke model, our distribution worries are less than the status quo.

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Procurement Customer Service Pricing Marketing 181

Luxury Hospitality Magazine

NOVEMBER 1, 2022

Hotels and restaurants across Scotland have united to ‘Help out Hospitality’ in a move inspired by the successful ‘Eat Out to Help Out’ scheme rolled out by the UK government during the COVID-19 crisis.

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Procurement Document Pricing Magazine 52

Hotel Business

NOVEMBER 22, 2023

The allure of a remote desert getaway has certainly enticed visitors, but inconsistency in property quality, lack of transparency in pricing and exorbitant cleaning fees for short-term rentals has made both property managers and visitors think twice, said the developers.

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Procurement Document Property Management Pricing 69

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

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Pricing Training Portion Control POS Systems 52

Hotel Business

APRIL 12, 2023

Idaho-based Kim Van Der Kolk, co-owner, Dodge Peak Lodge, echoes this sentiment by adding, “Magnuson Hotels team has guided me to achieve revenue that I didn’t think was possible, especially in the slow season with their creative revenue and pricing strategies. I know that the growth of my business is just as important to them.” “Our

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Procurement Pricing Book Marketing 59

Revenue Hub

JUNE 12, 2023

However, if we change our perception and start believing it to be an acquisition investment for procuring a customer, whom you may turn into a loyal repeat customer too, then this cost will automatically look apparently low. In the era of dynamic pricing, forecasting occupancy is not always yielding accurate results. the bottom line.

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Book Procurement Pricing Article 70

Synergy Suite

DECEMBER 28, 2023

Supplier Selection: Choosing vendors based on factors like price, quality, and reliability. This scrutiny helps identify potential bottlenecks, inefficiencies, or areas for improvement within the existing procurement system. Ordering: Placing orders with the chosen suppliers. Processing: The period suppliers take to process your order.

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Procurement Scheduling Communication Demo 52

Synergy Suite

NOVEMBER 9, 2023

At its core, waste and food cost control is a strategic approach to managing expenses associated with the procurement, preparation, and disposal of food in a restaurant. A closer look at supplier relationships within allows for strategic decisions regarding procurement, ensuring the sourcing of quality ingredients at optimal prices.

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Portion Control Procurement Training Communication 52

Hotelogix

OCTOBER 18, 2023

Regular orders and clear communication help build trust, leading to better pricing and priority service. 👉 Supplier Management: Establishing relationships with reliable suppliers and negotiating favorable terms for procurement.

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Procurement Guest Satisfaction Special Events Pricing 100

The Restaurant Times

DECEMBER 5, 2020

As the price of raw materials fluctuates throughout the year, it’s important to analyze your food costs regularly. At the time of deciding the menu prices, the price of certain ingredients might have been less. As a general practice, you can compare the prices of other vendors and your current suppliers. .

POS Systems 96

POS Systems Pricing Procurement Marketing 96

Synergy Suite

OCTOBER 12, 2023

Analyze the gross profit margin to understand how efficiently you’re managing costs and pricing your menu items. Gross profit is a critical indicator of the core profitability of a restaurant’s menu items, reflecting how efficiently it manages costs and pricing.

Portion Control 52

Portion Control Pricing Accounting Procurement 52

The Restaurant Times

JUNE 28, 2021

However, even though you have no control over the prices of food, you can still adopt measures to control the food costs of your restaurant in the UAE. . Track And Manage Food Prices. Tracking food prices is a good practice for restaurateurs. Due to the high demand, suppliers often lower their prices.

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Procurement Pricing POS Systems Portion Control 52

Modern Restaurant Management

JULY 16, 2021

Independent drivers, though, should be advised to procure their own coverage. There’s a price for the unrelenting barrage of natural disasters, and it’s making excess liability insurance hard to find above standard liability limits.

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Procurement Server Pricing Marketing 186

Modern Restaurant Management

FEBRUARY 13, 2023

While it may not be intuitive to lead with values when a possible recession is on the horizon, customers driven by value are more likely to remain loyal when prices rise. With more locations, financial risk is not only mitigated, but procurement of costlier items also goes down. Where are you investing your capital?

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Procurement Budgeting Article Pricing 162

Hotel Business

APRIL 11, 2023

In addition to offerings through its Manufacturer Direct program, Wyndham franchisees can still access more traditional renovation programs through its Procurement Service Providers (PSP). PSPs allow franchisees complete control to customize their level of support and offer different levels of pricing.

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Procurement Budgeting Pricing 105

Hotel Owner

JUNE 30, 2023

Energy prices, inventory management, and employee productivity all play critical roles in the profitability of a hotel. Effective inventory management systems and supply chain partnerships also help streamline procurement processes, minimise waste, and ensure cost-effectiveness.

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Travel and Tourism Strategic Planning Procurement Concierge 105

Lodging Magazine

NOVEMBER 15, 2022

Challenged by both price increases and supply chain disruptions, buyers do well to exercise all the best practices at their disposal, including flexibility in product selection when possible, closely monitoring price fluctuations, exploiting volume buys, and maintaining regular communications with suppliers.

Marketing 103

Marketing Pricing Communication Magazine 103

Modern Restaurant Management

FEBRUARY 21, 2022

Vegan restaurants are hit hard as their raw material procurement is very specific and relatively complex. The low prices of fast food chains will help attract customers, including those who usually order meat options. These factors are expected to create a loop.

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Blog Marketing Procurement Pricing 193

Hotel Business

SEPTEMBER 28, 2023

Among the services provided will be owner relations and services, accounting and financial services, guest/concierge services, front desk and amenity management, maintenance and capital project oversight, marketing, distribution and pricing, housekeeping and procurement.

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Resort Management Procurement Concierge Housekeeping 99

Hotel Owner

OCTOBER 12, 2022

Almost all of our hotels are still on fixed price energy contracts, which were put in place prior to the dramatic increases we saw earlier this year, which has meant they have been protected for now. Have any of the hotels under RBH been hit by the cost-of-living crisis and energy costs? . Many of these are due to end this time next year.

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Marketing Procurement Facility Management Housekeeping 105

Hotel Business

JUNE 5, 2023

However, for hoteliers, saving the planet comes with a price, and they have to keep their efforts cost-effective in order to remain on the plus side of the balance sheet. In the hospitality industry, it is a concept that has to be addressed because today’s guests demand it.

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Procurement Communication Events Pricing 59

The Restaurant Times

JUNE 6, 2023

With this information readily available, you can make informed decisions regarding pricing and menu engineering to maximize profitability. Vendor Management and Price Comparison Maintaining strong relationships with vendors and suppliers is essential for any restaurant.

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Vendor Management POS Systems Information Pricing 52

The Restaurant Times

JULY 20, 2020

This metric helps in determining if the menu items have been priced correctly or the food cost is high. . By calculating CoGS periodically, cloud kitchens can procure inventory more accurately and take adequate measures to control the high inventory costs, identifying ways to minimize these costs. . Food Cost Percentage.

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Pricing Kitchen Operations Procurement Catering 90

The Restaurant Times

JUNE 24, 2020

The on-premise restaurant menus differ in their pricing as they charge for the ambiance and service as well. Irrespective of the restaurant format, creating a separate delivery-only restaurant menu would give you a good scope to revise the menu rates and offer the same food at slightly lower prices. Accurate Menu Pricing.

Marketing 52

Marketing Pricing Procurement Budgeting 52

The Restaurant Times

DECEMBER 15, 2021

If the USP of your restaurant is the menu that you’re offering, you will have to pay extra attention to how you engineer your menu and price the items to cover your prime cost. . Before finalizing a spot in your favourite location, you will need to procure two types of licenses in the UAE to open a restaurant. . What is Prime Cost ?

POS Systems 52

POS Systems Procurement Budgeting Pricing 52

Hotel Business

MARCH 12, 2024

When you go through post-due-diligence transition, one of the exercises is reviewing vendor relationships, and you start identifying pricing models for every asset as they transition to our platform, and you quickly see your margins improve in the middle of the P&L because of scale.

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Budgeting Procurement Pricing Business Development 59

The Restaurant Times

JULY 30, 2020

Always track your existing stock before procuring fresh stock. Consider procuring seasonal products. The food cost should ideally be 30% of the selling price or menu price. This detailed information further helps in deciding the selling price of the menu items as well. . Monitoring the Stock.

POS Systems 52

POS Systems Procurement Pricing Information 52

Metasphere

OCTOBER 26, 2023

By leveraging automated pricing algorithms, hotels can adjust room rates in real-time based on demand, local events, and market trends. This dynamic pricing strategy not only maximizes revenue but also maintains the hotel's competitiveness within the market.

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Guest Satisfaction Training Workshop Catering 52

The Restaurant Times

JUNE 1, 2021

It is crucial to monitor all activities that go into food production including sourcing, use of ingredients based on recipe and pricing. Avoid overstocking and procure inventory in smaller batches to avoid food wastage. Procuring raw materials and ingredients at reduced prices is beneficial. Negotiate With Suppliers .

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Budgeting Procurement Presentation Marketing 52

Synergy Suite

NOVEMBER 30, 2023

They serve as a compass, guiding decisions on pricing strategies, menu development, and staffing levels, ultimately influencing the delicate balance between offering high-quality cuisine and ensuring the establishment’s profitability. For restaurant owners and managers, understanding and effectively managing prime costs are paramount.

Portion Control 52

Portion Control Scheduling Pricing Training 52

The Restaurant Times

JULY 23, 2020

With an in-house delivery system, restaurant businesses can hire a trained team of dedicated delivery staff and procure their own fleet of vehicles to deliver food parcels to customers. Many times, restaurants have to adjust online menu prices to incorporate platform commission fees, which keeps customers from placing orders.

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Communication Training Procurement Pricing 91

7 Shifts

AUGUST 20, 2021

If you plan to accommodate for the wage increases by making adjustments to your menu, there are subtle ways to introduce new prices that won't rub diners the wrong way. Consider how you're writing prices in your menu. Review your food costs and see if there's an opportunity to negotiate better prices with your suppliers.

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Scheduling Budgeting Pricing POS Systems 78