Modern Restaurant Management

JULY 7, 2022

They accounted for more than 80 percent of all restaurant transactions during those days. Consumers discovered the ease and convenience of ordering through these apps – and many have now welcomed that convenience into their busy lifestyles and will often use a delivery service as one of their mealtime options.

Accounting 189

Accounting Budgeting 189

Modern Restaurant Management

NOVEMBER 19, 2020

The high levels of uncertainty surrounding the future of the COVID-19 pandemic highlight the importance for restaurants to rethink their approach to budgeting for 2021. Budgets were thoroughly reviewed, signed off on and then periodically updated every 30, 60, or 90 days. Budget No. Budget No. 1: A Pandemic Environment.

Budgeting 203

Budgeting Sanitation Scheduling Accounting 203

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. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

Budgeting 82

Budgeting Pricing Accounting Article 82

Modern Restaurant Management

OCTOBER 9, 2024

With the post-pandemic return-to-office, business catering is in full swing. But business catering is a different beast requiring different menus, operations, and technology. So, how can operators best invest in their businesses to meet the needs of local businesses? Business catering is complex and high stakes.

Catering 88

Catering Events Budgeting Marketing 88

Social Hospitality

MARCH 29, 2023

Part of growing a business is to spend time, money, and effort on marketing. For large companies, this goal is attainable because they’re more established and can set aside a generous marketing budget. But it’s a different story for small businesses. Bring business cards and other marketing materials.

Budgeting 52

Budgeting Marketing Events Accounting 52

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out.

Bookkeeping 189

Bookkeeping Budgeting Scheduling Accounting 189

Social Hospitality

MARCH 22, 2023

Part of growing a business is to spend time, money, and effort on marketing. For large companies, this goal is attainable because they’re more established and can set aside a generous marketing budget. But it’s a different story for small businesses. Bring business cards and other marketing materials.

Budgeting 52

Budgeting Marketing Events Accounting 52

Revenue Hub

OCTOBER 13, 2023

Planning a hotel budget is a critical task that ensures the smooth operation and financial health of your hotel. This guide will walk you through the essential steps, best practices, and expert advice to help you create a robust hotel budget. Without a budget, you risk financial instability and inefficiency.

Budgeting 95

Budgeting Revenue Projections Article Maintenance 95

Revenue Hub

SEPTEMBER 5, 2023

Planning the budget for your hotel is crucial for financial success. Subscribe to our weekly newsletter and stay up to date In this guide, we’ll break down everything you need to know about budgeting with revenue best practices in mind. Look to your comp set to compare, then address inconsistencies in your business processes.

Budgeting 88

Budgeting Accounting Pricing Article 88

Modern Restaurant Management

DECEMBER 28, 2022

But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? While purchasing has always been the norm for most, if not all, essential equipment in the restaurant business, it’s not necessarily the smarter fiscal choice. EaaS for Big Business. Brand protection.

Maintenance 197

Maintenance Budgeting Reservations Back of House 197

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. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

Budgeting 67

Budgeting Pricing Book Accounting 67

Synergy Suite

JUNE 6, 2023

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

Accounting 52

Accounting POS Systems Budgeting Bookkeeping 52

Revenue Hub

OCTOBER 20, 2023

Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. NB: This is an article from Hotstats What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hotel leaders to find out.

Budgeting 101

Budgeting Travel and Tourism Pricing Article 101

The Restaurant Times

AUGUST 5, 2022

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Efficient Budgeting.

Accounting 52

Accounting Bookkeeping Budgeting POS Systems 52

Hotel Business

APRIL 12, 2023

The third edition of Deloitte’s corporate travel study, “Navigating Toward a New Normal,” examines why and when employees are expected to travel for business, as well as the dynamics creating headwinds and opportunities for the sector. based and European executives with travel budget oversight, fielded between Feb. One-third of U.S.

Accounting 111

Accounting Events Budgeting Pricing 111

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

Accounting Maintenance Document Pricing 52

Modern Restaurant Management

MAY 1, 2023

Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. One study found that in 2016, the food and beverage industry accounted for ten percent of all data breaches. That's why it's essential for restaurants to consider cyber liability insurance.

POS Systems 203

POS Systems Information Customer Service Budgeting 203

Travel Booster

MAY 10, 2023

Are you tired of spending countless hours tracking down transaction records, trying to reconcile accounts, and manually generating financial reports? But fear not, intrepid travel agency, because we’re here to help you navigate the choppy waters of accounting software. The List of Best Accounting Software for Travel Agencies: 1.

Accounting 52

Accounting Book Information Customer Service 52

Modern Restaurant Management

AUGUST 10, 2020

The days of full dining rooms and crowded bars are gone for now leaving many businesses struggling to pay employees and keep its doors open. Businesses across America are facing decreases in revenue. Less revenue for businesses and income for individuals means less tax dollars for federal and state governments.

Budgeting 180

Budgeting Accounting Information 180

Modern Restaurant Management

AUGUST 7, 2024

"Cutting a marketing budget creates a ripple effect that may not be felt until months down the road when the damage has already been done. One way to avoid this is by following an 'always-on'approach to marketing that focuses on attracting new customers, increased repeat business, and overall brand awareness.

Marketing 188

Marketing POS Systems Budgeting Events 188

Modern Restaurant Management

OCTOBER 16, 2024

These multi-sided businesses are complex and come with their own unique set of fraud challenges. They will create multiple fake accounts in bulk and then sell them to those looking for a discount on food. What are some common fraud activities you are seeing that affect restaurants? In 2023, over 1.5 million restaurants in the U.S.

Accounting 166

Accounting Demo Training Budgeting 166

Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? I have to share with you a funny story to budgeting with you.

Budgeting 59

Budgeting Marketing Blog Accounting 59

Lithos POS

JULY 4, 2024

A business owner must be self-sufficient to grow a successful business. Here we are going to discuss some successful tips that you can use to run and grow your business. You need to absorb yourself fully into the business. If it is your new business location, then it will help you to identify customer likes and dislikes.

Maintenance 52

Maintenance Accounting Customer Service Marketing 52

Revenue Hub

APRIL 14, 2023

NB: This is an article from Deloitte A variety of factors appear to impact the decision to travel for business including employee safety, client interest in meeting in person, the value of attending a conference, and whether virtual conferencing platforms can replace a trip. The study is based on a survey of 334 U.S.-based One-third of U.S.

Accounting 79

Accounting Events Budgeting Pricing 79

Hotel Business

JANUARY 31, 2024

According to the latest Business Travel Outlook Poll conducted by the Global Business Travel Association (GBTA), nearly 60% of travel buyers expect more travel in the coming year, with two-thirds anticipating increases in business travel spending.

Budgeting 69

Budgeting Training Accounting Book 69

Modern Restaurant Management

JUNE 26, 2020

With the novel Coronavirus, known as COVID-19, instilling the unknown in many Americans across the country, business owners were coming face-to-face with the reality of having to close their doors for an unforeseen amount of time. Immediately, many restaurants pivoted their business model to adapt to this change.

Budgeting 180

Budgeting Accounting Front of House Customer Service 180

SiteMinder

AUGUST 1, 2024

What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It’s a vital tool for any hotel owner or operator, whether you’re starting a new hotel, expanding an existing business, or improving your current operations.

Travel and Tourism 52

Travel and Tourism Competitive Analysis Pricing Budgeting 52

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Using the off-season to plan and improve your business product or service offerings can help you flourish during the busy season.

Budgeting 230

Budgeting Communication Training & Development Marketing 230

Hotelogix

OCTOBER 18, 2023

In this comprehensive guide, we delve into what a hotel reservation system entails and highlight its pivotal role in modern hotel businesses' success. It enhances guest satisfaction, optimizes operational efficiency, and drives revenue growth for your hotel business.  Choose a system that aligns with your needs and budget.

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Reservations Book Information Guest Satisfaction 100

Revenue Hub

OCTOBER 31, 2024

From poorly named audience segments to invisible tracking errors, these nightmares are all too real and can cost businesses time, money, and even reputation. Without a well-crafted negative keyword list, your ads could be served under similar business names, alongside bad reviews, or even inappropriate content.

Marketing 86

Marketing Budgeting Accounting Communication 86

Modern Restaurant Management

MARCH 1, 2023

Those areas of your restaurant that aren’t typically seen by customers but directly impact your business. So, even if your customers are unaware of what’s going on behind the scenes, any operational inefficiencies will eventually surface – with potentially dire consequences for your business.

Back of House 171

Back of House Front of House Accounting Budgeting 171

Les Roches

JANUARY 18, 2024

Are you contemplating a career change or want to put your business degree to lucrative use? Have you considered the wide-ranging world of high-paying business degree jobs that can significantly increase your earnings? The intersection between business and hospitality can be a particularly rewarding area in which to work.

Accounting 52

Accounting Business Development Bookkeeping Marketing 52

Les Roches

MARCH 8, 2024

Whether you aspire to become a corporate leader, entrepreneur or industry innovator, obtaining a business degree provides a solid foundation of knowledge and skills essential for success in today’s competitive marketplace. Let’s look at how to select the right degree in business.

Strategic Planning 52

Strategic Planning Budgeting Travel and Tourism Hospitality Management 52

Social Hospitality

NOVEMBER 8, 2022

To run your business most efficiently, it’s crucial to streamline processes that make things run smoothly. There are various types of business software available that can help streamline different components of running a company. Examples include Document Scanner, Database, Accounting, CRM, and Scheduling.

Document 52

Document Scheduling Accounting Bookkeeping 52

Modern Restaurant Management

APRIL 10, 2024

For example, operators can boost value perception and satisfaction by implementing a barbell strategy—appealing to budget-conscious consumers looking for affordable meals as well as giving high-end customers, who are willing to pay a premium, additional options to add on. Data from the U.S.

POS Systems 196

POS Systems Back Office Operations Pricing Budgeting 196

Luxury Hospitality Magazine

OCTOBER 30, 2024

Which is the right coffee machine for a business? Now HTG, the company behind Taylor UK and Hubbard Systems, has launched Barista Tech, a coffee machine supplier with a difference, that aims to make it simple for operators to choose the best machine for their business.

Budgeting 52

Budgeting Accounting Magazine Marketing 52

Synergy Suite

FEBRUARY 21, 2023

The ideal POS system should align with the unique requirements of your restaurant business, ensuring seamless operations, enhanced customer experiences, and efficient management. Integration with back-office systems, such as accounting or payroll software, is crucial for efficient management across all locations.

POS Systems 52

POS Systems Training Budgeting Reservations 52