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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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In conversation with the GM of Andaz Liverpool Street

Hotel Owner

I came to London in 2010 as the manager of The Churchill, and then moved over to Birmingham for a general manager position in 2013. One of them is Miyako, an authentic Japanese restaurant that has street pricing and only seats 26. They have an aptitude and we can train them with those skills. The Andaz is quite a unique brand.

Training 102
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What’s Next?: MRM Restaurant Survival Guide Updates

Modern Restaurant Management

MenuDrive allows restaurants to add their own delivery services, or utilize Lavu’s national partner for fixed-price, commission-free deliveries. The customer can then see the menu on offer, the prices and can place an order by adding an item to their shopping basket. restaurants.

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What California Cuisine’s Past Tells Us About Its Future

EATER

Of the 13 episodes, seven feature chefs who are French or trained in traditional French kitchens. Episode four features the chef Masataka Kobayashi, a French-trained Japanese chef who dazzled San Francisco at his restaurant Masa’s. Instead, the season is a paean to pate. His menu isn’t strictly French.

Training 116
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For Restaurants Cutting Their Carbon Footprint, Composting Food Scraps Is Just the Beginning

EATER

Rifrullo’s rustic-modern décor, mismatched dishware, and chalkboard sign welcoming guests to “be yourself, make friends, find harmony, and relax,” are as inviting as its prices, which top out at $16 for the salmon burger. Lyall at Lafayette Public House has also taken steps, training the staff to fully load the dishwasher before running it.

Training 119
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Golden Collection Hotels partners with SiteMinder to boost revenue by 30%

SiteMinder

My passion for luxury hospitality started in 2013. Implementing SiteMinder has proven critical, as they can now launch properties across multiple channels, distribute prices and manage restrictions quickly and efficiently. When I discovered SiteMinder in 2017, it all made sense to me in terms of strategy.

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The Multilevel Truth Behind Small Town America’s Latest Tea Obsession

EATER

In 2013, the Los Angeles Times reported 60 percent of the company’s U.S. After signing their lease, the Stockstills received a full menu of drink recipes from their upline, who also trained them on the extensive documentation that Herbalife required to keep the shop compliant.