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How Cognitive Biases Impact Hotel Revenue Management

Revenue Hub

In revenue management, managers might focus on data that confirms their existing beliefs about pricing strategies or market trends, ignoring contradictory evidence. Regular Training Regular training on cognitive biases and their impact can help managers recognize and reduce these biases in their decision-making processes.

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14 Restaurant Management Tools to Make your Business More Efficient

7 Shifts

You’ll get detailed daily reports on price changes and even price forecasting. You can then use this information to adjust your menu, make purchasing decisions, or change your pricing. Employee experience Restaurant management software digitizes tasks like clocking in and out, tip pooling, and training.

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360° Approach to Guest Personalization and Revenue Generation

Revenue Hub

While travel is surging to pre-pandemic levels, a persistent labor shortage continues to drive up labor costs as employees demand higher wages, increased benefits, and more training and work-life balance. Back in 2011, for example, PhocusWright pointed out that the hotel industry earned only 1.7%

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14 Restaurant Management Tools to Make your Business More Efficient

7 Shifts

You’ll get detailed daily reports on price changes and even price forecasting. You can then use this information to adjust your menu, make purchasing decisions, or change your pricing. Employee experience Restaurant management software digitizes tasks like clocking in and out, tip pooling, and training.

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An Eater’s Guide to T?hoku, Japan’s Capital of Sake, Wagyu, and Sea Pineapples

EATER

Norikazu/Shutterstock A few hours from Tokyo by bullet train, the rugged northern region features Miyazaki-worthy landscapes, a coastline chock full of seafood, and some of the country’s most stunning cherry blossoms In Japan’s internationally beloved food scene, urban hubs tend to steal all of the attention. Edo miso meal at Kura Cafe.

Training 103
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The True Cost of Convenience

EATER

But we found that the hard part was convincing consumers to actually accept higher prices on delivery. I couldn’t convince consumers back in 2011 to make the switch to a more equitable model for food delivery, and needed to transition my entire business to corporate catering just to survive. Anucha Naisuntorn /Shutterstock.

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The Good and the Bad of Singapore’s New Hawkerpreneurs

EATER

Since Sai took over her father’s stall, Coffee Break, in 2011 at the popular Amoy Street Food Centre, she and her siblings have been selling the same traditional Nanyang kopi (coffee) made from dark robusta beans. Ultimately, though, none of it was enough to deter Sai in following in her father’s footsteps and becoming a hawker herself.