7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. QuickBooks Restaurateurs are no strangers to QuickBooks accounting software.

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Modern Restaurant Management

DECEMBER 28, 2023

A Decade of DoorDash DoorDash celebrated its 10th anniversary by unveiling Dash From the Past 2023 and Dash From the Past: A Decade Delivered, which checks in on popular trends as we celebrate the best of what users have dashed over the past year, and over the past decade. Like the most ordered food on DoorDash of all time: French fries.

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7 Shifts

FEBRUARY 8, 2024

The ripple effects of the pandemic continue: the National Restaurant Association finds that off-premises dining continues to happen much more frequently than before, with 66% of consumers more likely to order takeout in 2023 than they were before the pandemic. QuickBooks Restaurateurs are no strangers to QuickBooks accounting software.

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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).

Accounting 52

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Serviced Apartments

OCTOBER 3, 2023

For the 12 month period ending June 2023, guest room revenue (for seven consecutive nights or longer) accounted for $8.97 The full report – The 50 Largest Markets: ALOS, ESOC and More Report 2019-2013 – extended-stay demand, revenues, length of stay, booking lead time and reservation costs. million and 72.2

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Revenue Hub

DECEMBER 5, 2024

Global distribution systems (GDS): These reservations networks are used by travel agencies to book hotels and other travel arrangements on behalf of clients. This is particularly true of small, independent properties, for which 60% of bookings on average came from OTAs in 2023 – the highest level in five years, according to Cloudbeds data.

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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.

Book 109

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SiteMinder

MARCH 16, 2023

What is a Hotel Reservation System? A hotel reservation system, or hotel reservation software, is a technology platform that enables hoteliers to accept direct bookings through the hotel’s website and through various distribution channels. Generally, there are 2 major types of hotel booking reservation systems: 1.

Reservations 52

Reservations Book Server Information 52

SiteMinder

APRIL 16, 2024

New data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals a 70% rise in the average booking lead time for hotels in Vietnam, following a sharp rise in international arrivals in 2023. The growth supported Vietnam to reach its target of welcoming 12.5

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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.

Accounting 40

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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. As cross-border activity increases, the survey also highlights a notable influx of first-time hotel buyers, who accounted for 27% of investment volume through September. hotel sector. billion, up 10.2%

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7 Shifts

MAY 15, 2023

For restaurants, payroll includes hour wages as well as tips, which must be taken into account. Step 2: Setup the schedule with direct deposits After choosing a payroll schedule, set up direct deposits into your employees' bank accounts. Direct deposit information such as a bank routing number and account number.

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Lodging Magazine

MARCH 16, 2023

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced a new agreement with Groups360 to bring online multi-room bookings to Wyndham hotels in 2023.

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Revenue Hub

NOVEMBER 22, 2023

NB: This is an article from CartStack Subscribe to our weekly newsletter and stay up to date Not to mention the ever-present battle with online travel agencies (OTAs), which account for 49% of all online hotel bookings. How to Automate Your Hotel Marketing in 2023 1. With OTAs like Expedia and Booking.com spending upwards of $3.5

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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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Modern Restaurant Management

SEPTEMBER 27, 2024

Top Three most challenging roles to fill: Chefs and Cooks Dishwashers Cashiers According to the report’s findings, Chef and Cook positions emerge as the most challenging roles to fill, accounting for 30 percent of all open roles. From 2023, consumer spending has been steadily increasing and is set to continue into 2025.

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Xotels

AUGUST 15, 2022

Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? Read through our step-by-step guide explaining how to get ready for 2023 with our hotel management company´s best hotel budgeting practices. The post Hotel Budget Plan: Are you Ready for 2023?

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Revenue Hub

JUNE 28, 2023

Business travel globally continues to trend up YoY since 2019 according to a January 2023 poll conducted by the Global Business Travel Association. A connected B2B and B2C CRM can include the most important metrics for the hospitality industry: profile, reservation, and production data – all in one central profile.

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Travel and Tourism Communication Accounting Presentation 98

SiteMinder

NOVEMBER 24, 2023

Generally, reviews also contribute to transparency and accountability within the industry, fostering a culture of improvement as software developers can leverage on feedback to refine and upgrade their tech products. Very easy for reservation management. Also, a HUGE thank you to their support and accounts team. Very good.

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7 Shifts

FEBRUARY 7, 2024

After that, the most popular back-office technologies were accounting software (55%), mobile payments (52%), and third-party food delivery services (51%). Delivery, scheduling, inventory management, reservations, and guest management have seen technological advancements over the past few years, and it's just the beginning.

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EATER

NOVEMBER 1, 2023

Place the spinach in a colander with a weighted bowl atop to press out any water and reserve. Wring out any additional moisture from the reserved spinach. Photography copyright © 2023 by Laura Murray. Add the spinach to the boiling water, leave it for 10 seconds to wilt, then transfer to the ice water. Published by Abrams.

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Revenue Hub

JULY 28, 2023

Generally speaking, summer 2023 is going well for hotels so far. Travel demand is looking strong since June up until September 2023, with recent analysis showing pickup of 23% in June 2023 vs June 2022. If you have any feedback from guests who stayed with you during the summer, take this into account.

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Book Travel and Tourism Article Marketing 86

Modern Restaurant Management

JUNE 29, 2023

Now, almost every restaurant offers delivery, almost every restaurant connects to Ubereats or DoorDash or has an online ordering platform and almost every restaurant uses a reservation system or even a loyalty platform. 2020 fast-tracked the adoption of omnichannel for even the most traditional dine-in establishments.

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Hotel Business

OCTOBER 17, 2023

Power 2023 U.S. Power 2023 U.S. ” Following are key findings of the 2023 studies: Travel app and website satisfaction lag other industries: airline, hotel and rental car app and website satisfaction trails the highest-scoring apps and websites in other industries. The studies were fielded in June-July 2023.

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Hotel Business

APRIL 1, 2024

for the first time in 2023. The number of rechargeable cars sold is up 50% year-over-year, and experts predict that EVs and plug-in hybrids will likely account for nearly a quarter of all cars on the road in 2024. Electric cars account for roughly 1% of vehicles on the road in the U.S.,

Accounting 75

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Revenue Hub

FEBRUARY 20, 2024

Of course, visibility on Google and Otas also means more chances to get direct bookings (phone calls, emails, website reservations) through the so-called billboard effect provided by these giants. Failure to account for probable events on a specific date You may nod your head as you read through these.

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Hotel Business

MAY 16, 2023

If your guests can’t leverage mobile check-in features and your staff can’t manage reservations, billings, vacancies or reports from a smartphone or tablet, you’re severely restricting the convenience of the guest experience as well as your hotel’s operational efficiency.

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Front Desk Operations Property Management Book Accounting 96

SiteMinder

SEPTEMBER 4, 2024

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn. Additionally, the booking lead time for stays during Oktoberfest has lengthened, reaching 128 days compared to 125 days in 2023.

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Book Travel and Tourism Reservations Accounting 59

Revenue Hub

DECEMBER 8, 2023

In fact, the global hotel industry is expected to reach a market value of $870 billion by the end of 2023, with the luxury hotel market estimated at $115.8 Over 80% of hotels reported staffing shortages in Q2 2023. Your Hotel Needs to be Future-Ready Last year, we shared the Technology in Hospitality Trends and Priorities for 2023.

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Modern Restaurant Management

JUNE 27, 2023

In its 2023 State of the Industry report, the National Restaurant Association found that exactly half of all operators expect to be less profitable as compared with the previous year. This year could be a tough one for many restaurant operators. Staying in control of your prime costs starts with consistent and routine monitoring.

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Pricing Guest Satisfaction Server Information 110

HotelREZ

MAY 21, 2024

HotelREZ marks 20 years with a resurgence in GDS bookings New insights report highlights strength of GDS for independent accommodation providers The Global Distribution System (GDS) is continuing to perform for independent accommodation providers with reservations up 34.5% in 2023 vs 2022, and strengthening by 80.2%

Book 52

Book Reservations Procurement Download 52

Mary Gostelow

JANUARY 2, 2023

And now, foretaste of 2023? In fact, one of the hottest ski destinations for 2023 is Niseko! New ships like the Silversea Endeavor, the Viking Polaris, Atlas Ocean Voyage, Aurora Expeditions and the Seabourn Venture attract a new luxury set to what used to be reserved for intrepid explorers. Watch this space.

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Reservations Accounting Book 52

eZee Absolute

NOVEMBER 11, 2024

Did you know that in 2023, American adults lost a staggering $43 billion to identity fraud? Hotels and resorts face daily threats, from fraudulent reservations to stolen identities at check-in. Does it match the name on the reservation? This alarming statistic only scratches the surface of a global problem.

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Reservations Information Guest Satisfaction Book 59

Revenue Hub

JUNE 19, 2024

NB: This is an article from CBRE Hotels Subscribe to our weekly newsletter and stay up to date In 2023, we faced concerns of a looming recession, rising inflation, higher interest rates, and increased cost of living. Geopolitical trouble, highlighted by the wars in Europe and the Middle East, has also impacted travel in 2023.

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Pricing Book Reservations Marketing 96

Modern Restaurant Management

AUGUST 2, 2024

2024 By the Numbers Participants reported continued food and labor cost increases with slight shifts compared to the end of 2023. Those totals are down from the end of 2023 when 89 percent said labor costs increased, with 54 percent reporting 1 percent to 5 percent. The financial implications are massive.

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Pricing Training Marketing Book 100

Hotel Business

MARCH 24, 2023

The Ritz-Carlton Reserve is slated to debut in the mountain valley of Jiuzhaigou in China with the opening of Rissai Valley, a Ritz-Carlton Reserve. The company’s select-service portfolio continues to drive growth in the region, accounting for nearly 50% of planned openings this year.

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Reservations Accounting Marketing 59

EATER

SEPTEMBER 23, 2024

Rubba, who won the Outstanding Chef award from the James Beard Foundation in 2023, is one of many chefs reenvisioning the farm-to-table movement in the clarifying, urgent light of climate change. This includes meat, a major driver of earth-warming methane pollution, accounting for 60 percent of food-related emissions.

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Scheduling Marketing Accounting Reservations 126