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How these venues are catering for guests cutting back on dining out

Hospitality Magazine

Dear Sainte Eloise has been a fixture in Sydney’s Potts Point since 2017, with the Llankelly Place wine bar open seven days a week. For me personally, I like having a day of the week that is customer-focused and accessible for guests, particularly the wine, which people can be priced out of.”

Catering 130
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Proven restaurant pricing strategies for business success

Les Roches

Strategic decisions about menu design, customer de­mographics, and pricing strategies also play critical roles. By unde­rstanding effective pricing strate­gies, restaurants can achieve a sustainable balance betwe­en profitability and memorable customer experience. Bachelor in Hospitality Management.

Pricing 52
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The Old Post Office in Montgomery brought to market

Hotel Owner

Self-catering holiday let, The Old Post Office, in the Welsh town of Montgomery in Powys is currently on the market with an asking price of £595,000. The business has been owned and run by Gerry Barwell since 2017 and opened for holiday booking in 2021.

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Blending tradition with technology: HotelPartner’s MD on the future of hotel revenue management

Hotel Owner

Then, in 2017, he joined HotelPartner, where he established its UK presence, bringing a technology-forward approach to revenue management while balancing other consulting roles. With the help of HotelPartner’s automated system, his team reacted swiftly to adjust pricing, ensuring rooms weren’t undersold due to early, low-rate bookings.

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Product Mix Analysis Drives Profitability and Revenue

Modern Restaurant Management

This was in 2017 but not much has changed even today. Starbucks, for example, uses a pricing strategy to find out how much customers are willing to pay for their products and services by increasing their prices in tiny increments. All made possible by utilizing technology.

Pricing 116
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How to increase holiday bookings

SiteMinder

Booking a trip is evolving into a metrics-driven process as travellers assess a combination of star ratings, consumer review scores, and price. Travellers can now quickly compare pricing and availability directly within TripAdvisor. In some cases, it can even be more important than price. Here’s what we mean.

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The Stages of Gentrification, as Told by Restaurant Openings

EATER

A key component of gentrification, which distinguishes it from revitalization, is the demographic shift that happens when newer, more expensive development attracts wealthier newcomers, often young professionals, who then price out the community’s original residents. and 1 is indicative of a strong correlation.

Pricing 145