Revenue Hub

NOVEMBER 20, 2023

Add-on services are a powerful strategy for increasing hotel revenue. NB: This is an article from Mews Subscribe to our weekly newsletter and stay up to date Diversified revenue Diversifying your revenue streams is one of the top ways to ensure profitability. Learn more about revenue management strategies.

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Modern Restaurant Management

DECEMBER 28, 2023

Top Eats, Drinks, and More No fork, no problem: In addition to fries defending its spot as the most ordered food of the year (and the past decade!), Restaurant industry insiders offer their insights on F&B trends we can expect to see in 2024. Holiday Hangovers : On the days after holidays like St.

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Revenue Hub

OCTOBER 17, 2023

To put it in simple words, ancillary revenue or additional revenue is like a bonus income that hotels can earn from things besides just renting rooms. NB: This is an article from eZee Absolute Curious about how you can tap into this for your hotel? Let’s say, you’re running a hotel.

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SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services.

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Revenue Hub

MAY 24, 2023

Hotel revenue management is a complicated process with a simple goal: to maximize revenue. Subscribe to our weekly newsletter and stay up to date If your hotel’s bottom line is bottoming out, it’s time to revise your revenue management strategy—or put one in place! And it’s well worth it.

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Revenue Hub

MARCH 7, 2023

Total revenue is the cornerstone of an effective revenue management strategy. NB: This is an article from BEONx , one of our Expert Partners It reflects the overall financial health of a hotel and determines how like it is to succeed in the long term. How do you calculate total revenue?

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SiteMinder

AUGUST 29, 2023

What is ancillary revenue? Ancillary revenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. It’s a virtuous cycle.

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Boutique Hotel News

DECEMBER 20, 2022

BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. Hotel e-tail. In fact, research from HVS shows that over the past 50 years, daily rates across London hotels have grown 0.75 per cent on average above inflation per year. per cent on average above inflation per year.

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Concierge Book Marketing Information 312

eZee Absolute

OCTOBER 16, 2023

Ever thought about how hotels can pocket some extra cash beyond just renting out rooms? Well, here’s a trick called “ancillary revenue.” ” It is when a hotel offers additional services or packages to enhance a guest’s stay. Curious about how you can tap into this for your hotel?

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Revenue Hub

DECEMBER 12, 2022

Today, more than ever, revenue management is the key to running a profitable and successful hotel. This is where revenue management comes in as it allows hoteliers to anticipate room demand while optimising their pricing and availability to maximise profits. Defining Hotel Revenue Management.

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SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

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SiteMinder

OCTOBER 9, 2023

What are hotel metrics? Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment. Table of contents What should be included in hotel metrics? It offers insights into room demand and helps in forecasting.

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SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. However, they do require a level of agility and real-time responsiveness from the hotel’s end to ensure a seamless guest experience. However, it isn’t just a matter of “more = better”.

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SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

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Les Roches

AUGUST 10, 2023

Here, we’ll explore the different jobs in tourism and hospitality and why studying hospitality and tourism can boost your career. The industry encompasses accommodation, food and drink, transport, events and attractions and plays an important role in the global economy. What is the tourism industry? Hospitality is wonderfully varied.

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Les Roches

JANUARY 19, 2024

Are you interested in being part of the hospitality industry or even dreaming of operating your own hotel? This compre­hensive guide is de­signed to equip aspiring entre­preneurs with the necessary knowledge and tools to develop effective business plans for hotels. What is a hotel business plan?

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STAAH

MAY 23, 2023

How is your hotel preparing to attract these guests? How to prepare your hotel for blended travellers? For example, you can set discounts on food & beverage and other services, such as laundry and wellness, for stays longer than 28 days. It’s one of the new normal that is redefining how we cater to guests.

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SiteMinder

OCTOBER 11, 2022

A hotel is very much like a swan swimming on a lake. So who are the people who make sure that a hotel building functions properly? Where are all the different hotel departments located and what exactly do they all do? Where are all the different hotel departments located and what exactly do they all do? Table of contents.

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Les Roches

OCTOBER 17, 2022

Most successful luxury hotel brands have two things in common. One, they are more than ‘just’ a hotel; and two, all their design strategies are meticulously considered. One, they are more than ‘just’ a hotel; and two, all their design strategies are meticulously considered. Music and the guest experience.

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eZee Absolute

JULY 31, 2022

Like any other business, hotels need to generate revenue in order to survive. But with the ever-growing competition, how can small hotels keep up? How can small accommodation providers keep revenue flowing? I will also tell you about some revenue-generating ideas for small hotels that don’t include selling rooms.

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SiteMinder

OCTOBER 11, 2022

Managing a hotel restaurant can be a complex operation, as it might mean several restaurants in a property are functioning under one system. Hotels will need to ensure restaurant operations and service is seamless across multiple areas and locations. What is hotel restaurant management? Table of contents.

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Les Roches

OCTOBER 10, 2023

As an industry, hospitality covers everything from beach-front resorts to hotels, B&Bs, spas, restaurants, bars and luxury villas with butler service. As an industry, hospitality covers everything from beach-front resorts to hotels, B&Bs, spas, restaurants, bars and luxury villas with butler service. What is hospitality?

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SiteMinder

AUGUST 29, 2023

What are hotel costs? For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction.

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Modern Restaurant Management

JUNE 3, 2021

Throughout subsequent waves of the pandemic, the reports explored the growth of off-premise strategies including the spike in mobile apps and, more recently, captured softening safety concerns among consumers when they began favoring shorter wait times over safety protocols. ” Highlights from the report include: Fast Food.

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The Restaurant Times

DECEMBER 3, 2021

Working within your budget’s limits is critical, as is developing an effective company plan that accounts for all employees, food, beverages, entertainment, maintenance, promotion, cleaning, and bills. With new social distancing guidelines, they are starting to reopen and people are enjoying going back and having a fun night.

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SiteMinder

JUNE 2, 2022

Key performance indicators (KPIs) permeate every successful hotel; it’s crucial that you know at all times how you’re tracking towards any key goals and objectives you have outlined for your business over a certain period of time. In this blog we’ll look at a variety of the ways your hotel can measure success and why some KPIs are so vital.

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Les Roches

JUNE 7, 2023

Whether you want to work in the restaurant or hotel industry , understanding the essentials of customer service experience will boost the success of your hospitality career. A negative experience can drive customers away, damage reputation, and reduce revenue. What is customer service experience?

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SiteMinder

OCTOBER 11, 2022

Video marketing should be an integral part of any hotel’s marketing plan and is largely becoming the most important aspect of content marketing. When done well, video marketing can be an effective way of promoting your hotel, building your brand awareness and driving bookings. What is video marketing for hotels?

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Marketing Travel and Tourism Book Information 52

Les Roches

DECEMBER 28, 2022

Whether it’s a restaurant, hotel, or events company, digital transformation is a vital component for modern, thriving businesses. Whether it’s a restaurant, hotel, or events company, digital transformation is a vital component for modern, thriving businesses. Ready to find out more? Digitization. Digitalization. Digital transformation.

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The Restaurant Times

JANUARY 11, 2022

According to research by the National Restaurant Association of India ( NRAI ) , the Indian food services business experienced a 53% decline in FY2021 as compared to the previous fiscal year. . If this was considered a race to return to normalcy, it is far from finished, and we don ’ t yet have a winner.

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SiteMinder

OCTOBER 10, 2022

The best hotel interview questions will provide an opportunity for both parties to get what they need, but how do you as a recruiter know what to ask? Are there specific hotel manager interview questions and answers? Are hotel supervisor interview questions different to hotel front office manager interview questions?

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Housekeeping Customer Service Communication Concierge 52

Modern Restaurant Management

JULY 30, 2021

Enrolled employees in the Savings Match Challenge can get a $20 sign-up bonus, and by saving at least $10 a month, they will receive a $1 for $1 match of up to $40 per month over a six-month period, empowering them to create a $500 short-term emergency savings fund—or boost their current savings by $500 (terms and conditions apply).

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STAAH

MAY 14, 2024

As the hospitality industry continues to evolve in response to shifting consumer preferences and technological advancements, hotels are redefining their approach to revenue generation. Let’s explore 7 trending new revenue streams that can boost your hotel’s profitability.

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Modern Restaurant Management

DECEMBER 16, 2019

This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features the great gift of a restaurant gift card, learning about event professionals, top QSR traffic and digital ordering strategies. Holiday Traffic Not Enough. Topline numbers show robust restaurant sales growth during November. percentage points.”

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eZee Absolute

DECEMBER 7, 2023

Table of Content Sustainable Practices Technology Integration Health and Safety Food and Beverage Trends Wellness and Well-being Marketing and Branding Revenue Strategies Sustainable Practices According to a survey conducted by Trip.com, 69% of travellers actively seek out sustainable travel options.

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SiteMinder

NOVEMBER 14, 2023

It allows guests to enjoy meals, beverages, and other amenities without leaving the comfort of their hotel room. Typically available at medium to large hotels, room service operates much like a restaurant, but with the added benefit of delivering directly to a guest’s door.

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Modern Restaurant Management

OCTOBER 16, 2020

The Manifest surveyed 501 people about their food delivery and restaurant habits during COVID-19 and found that two-thirds of people ate in-person at a restaurant in July 2020. Nearly two-thirds of people (65 percent) ordered food delivery in July 2020 as food options remain in-demand, but restaurant profit margins decrease with delivery.

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