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. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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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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SiteMinder

MAY 12, 2023

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

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Hotel Owner

MAY 14, 2024

Hotel marketing has come a long way, with the majority of holidaymakers – domestically and abroad – using the internet and their social media accounts to research and choose their next vacations. Are you aiming to build brand recognition in a new market? Do you want to boost off-peak season occupancy rates?

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Hospitality Net

NOVEMBER 15, 2023

Following the government’s declaration of relaxed anti-pandemic measures in late 2022, experts predicted that China’s luxury market would revive in 2023. Despite a slow start, the market is showing optimistic signs of revival.

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Revenue Hub

OCTOBER 26, 2022

hoteliers negotiating corporate accounts for 2023 are seeking the right balance of rates and services. The company has been reviewing its portfolio market by market, taking inflation and compound inflation over the last few years into consideration. Though visibility overall has increased, U.S.

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EHL Insights

NOVEMBER 14, 2023

STORY HIGHLIGHTS China’s luxury market is one of the hottest on the planet, with the strongest growth happening in digital and domestic luxury sales. Success in this market requires appealing to cultural motivations and changing consumer tastes through three key marketing angles.

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Hotel Business

AUGUST 15, 2023

The top 14 hotel markets have fully recovered group revenue in comparison to the same time in 2019 according to the Group and Business Performance Index from Knowland and Amadeus Hospitality for the second quarter of this year. The post Report: Group revenue fully recovered in Q2 for top 14 markets appeared first on hotelbusiness.com.

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Hospitality Net

SEPTEMBER 23, 2024

According to new research from Phocuswright, the global travel market has rebounded significantly, surpassing pre-pandemic levels with a 24% increase in gross bookings in 2023, reaching a total spend of $1.5 The industry is projected to grow between 6-10% annually through 2026.

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Hotel Business

MAY 1, 2023

In the Q1 2023 U.S. Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. Year-over-year, the top 25 markets in the U.S., The top five U.S. The post LE: Combined top 25 U.S.

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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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Revenue Hub

NOVEMBER 22, 2023

Hotel marketing automation is growing in popularity, as hotel marketers are continually pressured to adapt to the evolving digital marketing landscape. Whether it’s the emerging AI revolution or shifting content preferences on social media, there is never a shortage of new marketing strategies at your disposal.

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STAAH

JULY 18, 2023

Only launched on 5 July 2023 by Meta, Threads is already becoming a buzzword for marketers. Will it serve your hotel’s marketing needs? Sign-up to a new account once installed. You can create a new account or login using your existing Facebook or Instagram credentials. What is Threads? How to set up Threads?

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Revenue Hub

APRIL 4, 2023

With limited budgets and resources, it can be challenging to compete with larger hotels and chains that have a more extensive marketing budget and reach. For the less tech-savvy hotel owners, we would recommend hiring a digital marketing professional to review, recommend and implement the necessary changes to your website.

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Serviced Apartments

JANUARY 17, 2024

Germany: Munich-based, tech-enabled apartment operator limehome has shared its latest milestones after reporting strong growth in the 2023 financial year, including increasing its apartment portfolio to 6,000 units and expanding into four new markets. I am proud of our team and what we have achieved together. “In

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Hotel Business

NOVEMBER 16, 2023

With an astounding 60% of its new hotel construction projects under construction, the most of any convention center market, New York City leads with 46 projects under construction. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.

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Modern Restaurant Management

OCTOBER 16, 2024

In 2023, over 1.5 They will create multiple fake accounts in bulk and then sell them to those looking for a discount on food. When done on a large scale, this wastes the platform’s marketing budget and eventually leads them to cut down on promotions, slowing order volumes for restaurants. million restaurants in the U.S.

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Hotel Business

NOVEMBER 30, 2023

These new partnerships have enhanced the company’s footprint in key markets and have contributed to overall growth and performance metrics. Guest satisfaction & performance results: HE achieved “exemplary” performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels. Marriott Jr.

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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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Hotel Owner

JUNE 10, 2024

The W Edinburgh hotel is being marketed by Savills, appointed jointly with Eastdil Secured, for the disposal of the freehold full-service 244-room hotel asset. The hotel was developed and opened in November 2023 under a long-term hotel management agreement with Marriott International.

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7 Shifts

JUNE 16, 2024

million worldwide, and in 2023, there were about 749,404 restaurants in the United States alone. This is where being well-equipped with a fool-proof restaurant marketing plan comes in. How do you create a good restaurant marketing strategy? Following these steps, you can create a marketing strategy suited to your business needs.

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Hotel Business

NOVEMBER 14, 2024

hotel investment in 2025, driven by recent Federal Reserve rate cuts and robust operating performance in key markets. hotel investment, with urban markets and luxury assets leading the way in attracting both domestic and international capital.” . from 2023. hotel sector. billion, up 10.2% billion, up 10.2%

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Lodging Magazine

JANUARY 5, 2023

In this position, Feeney, who spent 13 years at Canyon Ranch Spa at The Venetian Resort in Las Vegas, will oversee spa management accounts and collaborate with the senior leadership team on long-term strategic planning to enhance financial returns, customer […].

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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. To maintain relevance, companies must look to data to drive product development, branding, and marketing strategies.

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Serviced Apartments

JULY 14, 2023

Worldwide: In its latest business update, hotel franchisor Choice Hotels has revealed that the company grew its extended stay segment by 50 per cent during the first half of 2023.

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Revenue Hub

NOVEMBER 23, 2022

And to be honest, not much marketing was required by travel brands, with so much pent-up demand. As the year ends and we start looking into future projections for what’s to come in 2023 and beyond, the outlook is a mixed bag. Say, for example, if your ad account gets blocked. Or your account gets hacked.

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Revenue Hub

NOVEMBER 8, 2024

NB: This is an article from CBRE Subscribe to our weekly newsletter and stay up to date After analyzing publicly available data from five large hotel companies, we found that while growth in several key metrics slowed in 2023, loyalty members’ overall contribution to occupancy increased, though marginal contribution per member contracted.

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Hospitality Net

SEPTEMBER 19, 2023

Today, “Champagne” (sparkling wine produced in the Champagne region of northeastern France) accounts for 10% of the world’s consumption of sparkling wines by volume and 21% by value (Comité Champagne, 2023). On the back of increasing demand, the champagne market will grow from 253.5 million liters in 2023 to 311.1

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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. Make room in your budget for marketing activity that generates demand.

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Social Hospitality

MARCH 1, 2023

As we step into 2023, let’s take a look at the latest social media trends set to dominate the digital world. In fact, it’s predicted that by the end of 2023, video content will make up 82% of all internet traffic. Companies are also taking corporate social responsibility into greater account.

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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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Hotel Business

MARCH 8, 2023

The San Diego market led the U.S. The leading industry driver for meetings was technology and healthcare across four of the top five markets. “Additionally, while the top 25 markets dominate the volume metrics, smaller markets are realizing the largest percentage of growth. . over February 2022. growth over 2019.

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STAAH

JANUARY 17, 2023

But is it still relevant in 2023? Hotel marketing experts are unanimous in their opinion that the value GDS (Global Distribution Systems) brings to a hotel’s distribution mix cannot be ignored. As corporate travel is ambling back to normal, GDS is definitely very important for hoteliers in 2023. Final thoughts.

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7 Shifts

DECEMBER 14, 2022

Create Your TikTok Account. Other Restaurant Marketing Resources. Create Your TikTok Account. Sign up for an account using your phone number, email, Google, Facebook, or Twitter. Choose your username (keep it consistent with your other social media accounts). And one video is enough to cause panic for a QSR giant.

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Xotels

SEPTEMBER 22, 2022

With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating. Content marketing.

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Hotel Owner

JULY 27, 2023

Scotland has seen transactions of independent boutique hotels reach £71m in H1 of 2023, accounting for 43% of all deals year to date, according to Savills. Savills attributed this significant increase to the sale of the Waldorf Astoria Edinburgh, the Caledonian, which alone accounted for 51% of the total figure.

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Travel Booster

JUNE 11, 2023

Welcome to Travel Booster’s guide to the best CRM tools for travel agencies in 2023! TravelBooster’s List of Best CRM for Travel Agencies in 2023 Now that we’ve established the importance of CRM tools for travel agencies, let’s dive into the crème de la crème of 2023. Why Do Travel Agents Need CRM Tools?

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