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Everything you need to know about digital innovation in restaurants

Hospitality Magazine

So what else is promising big changes for sales, cost control, and productivity? These intelligent assistants prioritise orders, manage inventory, and offer cooking guidance, reducing human error and accelerating service times. We’re all early adopters when something is so intensely useful. It’s also their preferred way to order.

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Pricing Strategies to Maximize ADR, RevPAR and Profitability

Revenue Hub

Efficient hotel pricing strategy is a must-have for today’s hoteliers to increase their overall profitability. Hotel revenue managers should understand various aspects including distribution mix, demand forecast, competition pricing and consumers’ buying trends, etc. to manage pricing more effectively and to increase hotel profit.

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A Concise Guide to Hotel Inventory Management

InnQuest

At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? These are managed as inventory and must be scheduled and priced accordingly.

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How F&B Companies Can Mitigate Some of the Industry’s Biggest Risks

Modern Restaurant Management

Failing to mind quality and food safety measures can also lead to large-scale product recalls that wreak havoc on the financial health of a company. Even unavoidable events like natural disasters and pandemics can have significant negative financial impacts in the form of increased costs and decreased production capacity.

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Mastering Revenue Performance Management for Maximizing Profits

Revenue Hub

Revenue performance management is a strategic approach to maximizing a hotel’s revenue potential by understanding and meeting customer needs. This involves creating an innovative strategy, efficiently using resources, and analyzing data. Additionally, strategic management of ancillary services can further enhance profitability.

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Resolute Road and Wyndham host extended-stay seminar

Hotel Business

Resolute Road Hospitality and Wyndham Hotels and Resorts recently hosted a joint event, “Economics of the Extended-Stay Segment of Lodging,” in Nashville. “It was a privilege to host this event alongside Wyndham,” said Daniel Pinheiro, chief business development officer, Resolute Road Hospitality.

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How to streamline daily operational tasks for your hotel today?

InnQuest

For example, using a property management system (PMS) can automate guest check-in and check-out, invoicing, and room assignment tasks. For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels.