Modern Restaurant Management

DECEMBER 30, 2022

Staffing is often the biggest cost for restaurants, accounting for about one-third of total costs. Between supply chain issues, staffing challenges and increasing operation costs, restaurants have had to re-examine roles and responsibilities for employees and lean into technology to increase operational efficiency.

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Front of House Accounting 208

eHotelier

OCTOBER 3, 2023

Professional Accounting Solutions (PAS), the preferred provider of back office and accounting solutions for the global hospitality industry and the leading provider of Infor SunSystems and Infor EPM services, announced it is sponsoring the educational session, “On the Horizon: A Deep Dive into the USALI 12th Edition,” at HFTP’s 2023 Annual Convention (..)

Accounting 130

Accounting 130

Modern Restaurant Management

DECEMBER 27, 2022

Boost Workplace Accountability. Organizations will need to prioritize broader social accountability, which includes hiring a diverse workforce to ensure your staff is representative of your increasingly diverse customer base. Food businesses will have to work hard to keep the lights on and deliver products (and promises) to customers.

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Training Budgeting Accounting Pricing 226

Lodging Magazine

APRIL 6, 2023

hotel industry has made many strides since the beginning of the COVID-19 pandemic, and 2023 has been off to a strong start. At the beginning of the year, STR reported that revenues and profits reached highest-ever levels during 2022, and CBRE increased its hotel performance forecast to account for expected GDP growth during the coming year.

Accounting 105

Accounting Magazine Hospitality Management 105

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. "With consumer behaviors now firmly established around off-premise dining solutions due to the pandemic, off-prem will remain a prevalent option for 2023. For part two, click here.

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Pricing Portion Control Budgeting Marketing 167

Modern Restaurant Management

APRIL 4, 2023

This typically includes creating staff schedules based on sales forecasts, trimming labor during slow times, and providing managers with more control – and accountability. As a result, they are looking for ways to better optimize their labor operations while also maximizing business opportunities.

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Scheduling Communication Events Accounting 167

Hospitality Magazine

AUGUST 22, 2024

Never ones to stand still, the pair closed Small Town Food + Wine in 2023 to open Delly’s in the same space. Thank you to everyone who has been on the St Isidore -> Small Town Food and Wine -> Delly’s journey,” the couple wrote on the Delly’s Instagram account. Small Town Provisions will continue with all the good things.”

Accounting 244

Accounting Magazine 244

Hospitality Net

JANUARY 28, 2024

The popularity of nature getaways is also apparent through Airbnb’s top Instagram posts of 2023, featuring stays immersed in lush woodland and situated on stunning coastlines.

Accounting 108

Accounting Book 108

Hospitality Net

APRIL 8, 2024

According to BCD Travel’s Cities & Trends 2023 United States edition, Europe accounts for seven of the 10 most visited intercontinental cities for American business travelers, with London being the most popular. The report is based on BCD flight and car rental data in 2023 in the U.S.

Accounting 98

Accounting 98

Revenue Hub

DECEMBER 15, 2022

Is your 2023 hotel marketing budget a little leaner than you’d like? Or, are you looking to refine your approach and experiment with more targeted offers directed at specific age groups in 2023? Read on to discover a tempting trio of different demographics that should be on your radar for 2023… GEN Z & MILLENNIALS.

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Marketing Accounting Book Article 98

Modern Restaurant Management

APRIL 10, 2024

According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales. economy demonstrated resilience in 2023—with GDP, employment rates and consumer spending remaining relatively stable or even growing. Coffee in 2023.

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POS Systems Back Office Operations Pricing Budgeting 196

Revenue Hub

OCTOBER 26, 2022

hoteliers negotiating corporate accounts for 2023 are seeking the right balance of rates and services. An account approached the company prior to its RFP and said it would only take a 3% increase in rates. Because the account loved that particular hotel, it said it would look into making an exception.

Accounting 98

Accounting Pricing Marketing Article 98

Hotel Business

FEBRUARY 22, 2024

Accord Group, for full-year 2023, reported that earnings before interest, taxes, depreciation and amortization (EBITDA) surpassed the 1 billion euro ($1.082 billion) mark for the first time in the company’s history, reaching 1.003 billion ($1.085 billion), up 49% year-over-year. in the last 12 months.

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Pricing Events Marketing Accounting 105

Modern Restaurant Management

DECEMBER 18, 2023

It’s the perfect time to look back on a few things we learned in 2023 – based on recent survey data from our restaurant partners – as well as what we predict for the industry in 2024. The survey also showed 75 percent of respondents expected their labor costs to increase in 2023.

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Back of House Communication Scheduling Accounting 202

Hospitality Net

FEBRUARY 15, 2024

M3 Accounting Solutions, Inc. (“M3”), M3”), North America’s #1 provider of accounting software and services, has been awarded Most Innovative Cloud-Based Financial Platform 2023 - North America in the 2023 Technology Innovator Awards.

Accounting 74

Accounting 74

Hospitality Magazine

DECEMBER 1, 2024

Choose wines that complement the characteristics of the seafood dish, taking into account the type of seafood, cooking method, and accompanying sauces or side dishes. A successful food and wine pairing lies in the seamless integration of flavours.

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Budgeting Pricing Accounting Magazine 130

Hotel Owner

AUGUST 15, 2023

to $288.9m (£227.2m) in the second quarter, according to its trading update ended 2 July 2023. As its members grew to 176,305 from 168,685 in the first quarter of 2023, its membership revenues also increased 35.4% to $89.2m (£70.17m) year-over-year, accounting for 30.9% In-House revenues also grew to $125.5m (£98.3m) up 14.4%

Accounting 95

Accounting 95

STAAH

JANUARY 17, 2023

But is it still relevant in 2023? As corporate travel is ambling back to normal, GDS is definitely very important for hoteliers in 2023. STAAH’s simple solution connects you to a system that connects to the big three GDSs, allowing you to manage all your GDS accounts from one platform. What benefits does GDS bring to hotels?

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Book Definition Accounting Property Management 98

EATER

JUNE 3, 2023

Screenshot via Official Livestream Congratulations to all the winners Tonight, the James Beard Foundation announced its Media Award winners for 2023. Eater is partnering with the James Beard Foundation to livestream the awards in 2023. Finalists were announced in April.

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Book Accounting Presentation Article 109

Revenue Hub

MARCH 23, 2023

Goldrich , to uncover the 12 trends that will transform how hotel marketing will function in 2023. TikTok is leading this segment on account of its powerful algorithm, which can deliver highly relevant, customized content quickly. These trends explored below just scratch the surface of what could be in store this year.

Marketing 97

Marketing Download Article Accounting 97

Revenue Hub

NOVEMBER 30, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Get account-level projections. NB: This is an article from Staah. Get a handle on daily demand.

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Budgeting Pricing Accounting Article 98

Hotel Owner

JANUARY 2, 2025

UK hotel investment transactions hit an estimated 5.75bn in 2024, more than double the volume recorded in 2023, according to Savills. Meanwhile, portfolio volumes grew by 582% year-on-year, reflecting the subdued levels of activity seen in 2023. Regional hotel volumes totalled 3.34bn in 2024, representing 58% of total volumes.

Accounting 52

Accounting Marketing 52

STAAH

NOVEMBER 29, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Get account-level projections. Read more . Get a handle on daily demand.

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Budgeting Pricing Book Accounting 97

eHotelier

JUNE 1, 2023

These openings, which were led by a dedicated, extended stay team, account for 732 new economy extended stay rooms from coast to coast and 1,414 total new rooms for the brand since the start of 2023, with nearly 38,000 rooms in the domestic pipeline. Choice Hotels International, Inc.,

Accounting 130

Accounting 130

Hotel Owner

JANUARY 17, 2025

Scotland saw hotel transaction volumes (sales of 1m+) reach 431m in 2024, up 38% on 2023 and considerably higher than the 10-year average of 282m, according to Savills. Overall, Scotland accounted for circa 7.50% of all UK hotel deals last year, the highest total outside of London.

Accounting 52

Accounting Catering Marketing 52

InnQuest

NOVEMBER 30, 2022

Research suggests that the payment processing solutions market is projected to grow at a CAGR of 11.43% during the forecast period of 2023 to 2030 while the future market value of this market is expected to reach USD 130.94 Subject per account. billion by 2030. 3x to 5x faster transaction speed. Secure payment processing.

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Travel and Tourism Demo Pricing Accounting 217

STAAH

APRIL 10, 2023

with all necessary qualities and qualifications Covering the work of all staff in the hotel The system is divided into 4 main parts: Front office management system, Point of sales, Accounting system and Banquet Management System. Find out more here REI Master is a comprehensive Property Management and Trust Accounting System.

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Travel and Tourism Property Management Book Budgeting 98

Modern Restaurant Management

MAY 6, 2021

If you have any questions on the process, reach out to an experienced accountant to walk you through the process. Eligible establishments have until March 11, 2023, to use the funds on qualified expenses. equipment, accounting, training, legal, marketing). How will the program work? Business mortgage obligations.

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Document POS Systems Accounting Maintenance 197

Modern Restaurant Management

JANUARY 23, 2024

In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 billion in 2023 in one year alone. Already one of the largest sectors of the global economy, the food and beverage industry shows no signs of slowing down. percent from $6,729.54

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Procurement Accounting Marketing Training 197

Hotelogix

APRIL 11, 2025

from 2023 to 2028. In fact, cloud-based POS solutions now account for 64% of new POS implementations in the hospitality sector in 2024, up from 51% in 2022. In today’s rapidly evolving hospitality landscape, choosing the right Point of Sale (POS) system is more crucial than ever for hotels.

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POS Systems Guest Satisfaction Housekeeping Travel and Tourism 130

Hospitality Net

NOVEMBER 8, 2023

In the Latin America Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report the total construction pipeline stands at 579 projects/95,144 rooms at the close of Q3 2023. The region’s pipeline project counts are up slightly, at 6% year-over-year (YOY) by projects and 5% YOY by rooms.

Accounting 79

Accounting 79

Hospitality Magazine

OCTOBER 25, 2023

I think the pros and cons are the same in the sense that you’re responsible and accountable for everything — it ends with you.” ” The post Ahana Dutt is the chef behind Raja: one of Sydney’s best openings of 2023 appeared first on hospitality | Magazine. “We get along amazingly well, and I’ve been really lucky,” says Dutt.

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Definition Catering Accounting Presentation 130

Hotel Owner

JANUARY 13, 2025

The hospitality industry accounted for 10% of administrations in 2024 the fourth highest sector in the UK according to analysis by full-service law firm Shakespeare Martineau.

Accounting 52

Accounting Budgeting 52

Revenue Hub

NOVEMBER 1, 2022

Based on the conversations I’m having, it seems that demand for groups and events is coming back quicker than expected, so sales revenue targets for 2023 have been raised accordingly. Calendly is a great option and it has a free basic account. NB: This is an article from Kennedy Training Network.

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Scheduling Training Article Events 96

Hospitality Net

MAY 4, 2023

M3 Accounting Services, Inc. (“M3”) M3”) has achieved yet another remarkable accomplishment by being named the winner of a prestigious Gold Stevie® Award in the highly competitive Company of the Year - Hospitality & Leisure – Medium category in the 21st Annual American Business Awards®.

Accounting 98

Accounting 98

Hotel Owner

FEBRUARY 27, 2025

According to the group, this was achieved despite the weaker Euro in 2024, which accounts for around 40% of its revenue. Occupancy grew across all regions to 74.5% (2023: 72.4%), though the average room rate was 3.2% 2023: 166.8), but RevPAR stayed stable at 120.3 2023: 120.7), reflecting the gradual opening of new hotels.

Accounting 52

Accounting 52

Hotel Business

APRIL 23, 2025

The annual celebration, launched by the company in 2023, honors the essential contributions of night auditorsthe overnight hotel professionals who work behind the scenes to ensure that every property operates smoothly from one day to the next.

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Accounting Communication 59