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Soaring labour costs squeeze hotel profit margins in the UK, CoStar finds

Hotel Owner

Furthermore, according to CoStar, a share of revenue labour costs from the 2018-19 tax year has increased from 25.5% Since the 2018/19 tax year, national living wages have increased by approximately 46%, with the hourly rate rising from 7.83 per hour for those aged 25 and over to 11.44

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Marketplace Collection Laws Present Unique Challenges for the Restaurant Industry

Modern Restaurant Management

In 2018, the United States Supreme Court’s decision in South Dakota v. The distinction of which party is the “seller” can be particularly important when determining the appropriate taxable price of the food sold, and whether the taxable price includes other charges or discounts. Other Compliance Considerations.

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A Step-By-Step Guide To Restaurant Accounting

The Restaurant Times

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Key Restaurant Accounting Metrics. Labor Costs

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7 Issues that Threaten the Franchisor and Franchisee Relationship

7 Shifts

Example: KFC In 2018, about two-thirds of KFCs in the United Kingdom had to temporarily close due to an inventory issue. Issue #3: Costs and Royalties Franchisees benefit from built-in brand recognition of their restaurants, but have to (quite literally) pay the price.

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[Guide] How to Add a Restaurant to Google Maps

7 Shifts

To add your restaurant to Google Maps, you’ll need to create a Google My Business (GMB) account. What is a Google My Business Account? Google My Business is a free tool you can use to manage your Google Search and Google Maps presence without taking potential customers to a website or a listing account.

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Hyatt to launch Homes & Hideaways by World of Hyatt

Hotel Business

Among the services provided will be owner relations and services, accounting and financial services, guest/concierge services, front desk and amenity management, maintenance and capital project oversight, marketing, distribution and pricing, housekeeping and procurement.

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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. 1-CHART COMPARING COFFEE SHOPS TO GROWTH IN GENTRIFICATION/DEMOGRAPHICS].

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