article thumbnail

Hotel Theft and Pilferage: Key Prevention Tactics

Hotelogix

This article will help you understand the major sources of pilferage in hotels and provide effective strategies to prevent theft. Focusing on training housekeeping staff at your hotel and using effective strategies for front desk operations can help identify and prevent such activities, ensuring better accountability and control.

article thumbnail

Restaurant Payments Go from Cash to Credit to Contactless – to Cryptocurrency 

Modern Restaurant Management

Restaurants are beginning to use this tool to account for the many steps that come before serving up a steamy plate of pasta or beefy burger. If you are not reading this article on Modern Restaurant Management , please reconsider your reading choices and visit the original source.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Is Inflation Affecting Restaurants?

Modern Restaurant Management

You can't scroll news sites without seeing more articles about inflation, but was does it mean for restaurants? Modern Restaurant Management (MRM) magazine quizzed expert Kathryn Petralia, co-founder of Kabbage, an American Express Company, for her analysis on what restaurants owners need to understand about inflation.

Pricing 207
article thumbnail

The Top 10 List of Financial Excuses You Give Yourself

Revenue Hub

NB: This is an article from the Hotel Financial Coach Subscribe to our weekly newsletter and stay up to date What’s your imagination telling you that’s wrong in your hotel that holds you back from owning your departmental expenses and payroll? 1 Excuse – It’s the accounting department’s responsibility. No that’s wrong – full stop.

article thumbnail

The Number 1 Financial Mistake Hoteliers Make

Revenue Hub

NB: This is an article from Hotel Financial Coach Subscribe to our weekly newsletter and stay up to date It’s also pretty clear that most hoteliers don’t have an accounting background and knowing this fact prompts me to write this piece and hopefully clear up the picture for others. On top of that – I see this all the time.

article thumbnail

My One Piece of Advice For The Restaurant Industry

Modern Restaurant Management

As I sat down to write this article, all I could think about was how the foodservice industry is so vital to our daily lives. Think of all the hours you spend counting inventory, placing orders, and managing your accounts payable. When we don’t want to cook, we call our favorite restaurant.

article thumbnail

Simple Way to Drive Revenue to Your Hotel Top and Bottom Line

Revenue Hub

In fact, it may be the largest account your hotel can go after, particularly if you are a focused service property. Imagine what losing one of your top accounts would look like. Where can you find this low-lying fruit and how can you harvest it? yes, hundreds of thousands of dollars.