Remove 2014 Remove Pricing Remove Reservations
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As American Express Acquires Tock, Who’s Winning the Reservation Wars?

EATER

What you need to know about the state of the reservations systems today Tock is changing hands yet again: The reservations system founded by restaurateur Nick Kokonas in 2014 has been acquired by American Express for $400 million, the financial services company announced today.

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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

In response to the post-pandemic demand surge and faced with constricted inventory due to labor shortages, rising supply costs, and other challenges, hoteliers pushed their prices back to pre-pandemic levels in record time. Sources predict that hotels’ pricing power will remain strong. Why do we do this? Our demand dried up.

Marketing 109
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Hold The Phone! 6 Tips for Converting Hotel Calls to Bookings

Revenue Hub

This 2014 (but still very relevant) article by Doug Kennedy of the Kennedy Training Network offers excellent advice about how to quote pricing effectively, including tips for handling rate objections. Proven reservation sales techniques will ensure you snag that booking. Use Basic Sales Tactics. Ask for the booking.

Book 96
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The Mille Club: Thinking of the Hidden Costs for High Rates

Larry Mogelonsky

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

Pricing 100
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Restaurant Dress Codes Frequently Target Black Customers. It’s Past Time for Them to Go.

EATER

But restaurants are perfectly capable of using menus, setting, and price points to demonstrate how special they are without firm dress codes. If a jacket is required, the restaurant can decide to whom a reserve jacket will be bestowed, or whose jeans allow for bending of the rules. And the rules often get bent away from Black people.

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Insights from an Alabama Restaurant Operator

Restaurant Engine

Although a small price to pay to keep people safe, it is a hefty cost for businesses with famously thin profit margins. The Peterson family started Yo’ Mama’s in 2014. Approximately 65% of restaurants are accepting dining reservations. ” This is the unfortunate circumstance for many restaurants.

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Unlocking Growth Potential: How YCS Helped DLS Hotels Simplify and Expand

eZee Absolute

Since its founding in 2014, the chain has steadily expanded, adding more properties to its portfolio year after year. Heres how our solutions made a difference: Centralized Control on Inventory : DLS Hotels could now manage inventory and reservations for all properties from a single platform.

Book 52