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2023 outlook: Industry voices on travel and hospitality

Boutique Hotel News

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. This more positive outlook is also seen in business travel, which now promises a long-awaited rebound with more than half of global company travel budgets back to pre-pandemic levels. . BHN reports. We remain in the grip of turbulent times.

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Spring Budget 2023: Takeaways for hospitality and urban living

Boutique Hotel News

UK: Today, the Chancellor of the Exchequer Jeremy Hunt has outlined his Spring Budget. According to Hunt, the UK is expected to avoid a technical recession in 2023, and that inflation is set to fall by 2.9 per cent by the end of the year (inflation is currently at 10.1 million) will be abolished. billion in over five years.

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The Ultimate 2023 Budget Guide for Hospitality

Revenue Hub

Beginning in the spring , we saw leisure demand surpass pre-pandemic levels globally with some markets reporting record-high reservation rates. With such positive indicators heading into 2023, how are you preparing to allocate your technology budget to tackle your greatest needs? Think outside the (marketing) box.

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Hotel Budgets: Things to Keep in Mind When Budgeting for 2023

Revenue Hub

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. Heard of zero-based budgeting? NB: This is an article from Staah. Nothing is assumed.

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Budgeting in Hotels: Theory, Practice and Outlook 2025!

Revenue Hub

Budgeting in hotels is one of the core tasks of revenue management and plays a crucial role in managing operational and financial efficiency. The budget serves as the basis for financial planning, control, and decision-making. Theoretical Foundations of Hotel Budgeting A budget primarily serves to plan and control a company’s finances.

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Hire and Retain Better Restaurant Workers in 2023

Modern Restaurant Management

And in 2023, that’s the problem most hiring managers in the restaurant industry are facing. Traditional job advertising allows you to have a fixed budget while using old job data to inform decisions as to where to post your jobs. And knowing where to market may be what sets your hiring apart from your competition.

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2023 Outlook: Trends and Challenges Restaurants Will See, Part Two

Modern Restaurant Management

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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