Revenue Hub

NOVEMBER 7, 2022

As we just mentioned, identifying the right price for your rooms means taking into account three important factors: the operational costs associated with selling a room, the prices that your competitors are offering, and fluctuations in demand and consumer behaviour. What is demand-based pricing in hotels?

Definition 96

Definition Pricing Article Marketing 96

Modern Restaurant Management

DECEMBER 4, 2019

If you’ve built up a successful restaurant, then you definitely have reason to celebrate. Accounting becomes more challenging with two locations. It’s impressive to be among the 50 percent of small businesses that make it past year five. You’re probably also seeing strong profits and consistent cash flows.

Definition 150

Definition Accounting 150

Modern Restaurant Management

MARCH 27, 2023

Meat production, in particular, is known for being bad for the environment, accounting for as much as 18 percent of the world's greenhouse gas (GHG) emissions. Alternatively a business can simplify the whole process by employing a carbon accounting company to do all of the heavy lifting when it comes to calculating emissions.

Accounting 180

Accounting Information Definition 180

Synergy Suite

SEPTEMBER 25, 2024

This article is the definitive guide to crafting a comprehensive kitchen closing checklist. We will explore the checklist’s significance, the essential tasks to include, and tips for implementation to promote accountability among staff members. This step is crucial for accountability and guarantees that no task is forgotten.

Definition 52

Definition Maintenance Accounting Sanitation 52

Modern Restaurant Management

MARCH 24, 2022

Under normal circumstances, you could use previous years’ sales figures to forecast the upcoming year – but, as we emerge from two years of COVID closures, staffing shortages, and general turmoil, previous sales’ figures definitely can’t be trusted. Then she will have to take the particulars of each month into account.

Accounting 179

Accounting Pricing Definition Catering 179

Modern Restaurant Management

MARCH 20, 2020

Following suspicious email links and attachments, for example, falls precisely into that definition. A year later, hackers were able to breach Dunkin Donuts online loyalty rewards program, stealing and subsequently selling thousands of user accounts on the dark web.

Server 216

Server Training Definition Information 216

Synergy Suite

JUNE 20, 2023

Accounting and Financial Management: This module streamlines financial processes, such as accounts payable, accounts receivable, and general ledger management. It integrates with other software components to ensure accurate financial data and simplified accounting operations.

Definition 52

Definition POS Systems Scheduling Reservations 52

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

Modern Restaurant Management

JUNE 25, 2024

In fact, the storyline of season one was "dead accurate" to experience of starting in restaurant hospitality, said Gabe Topping, Account Executive at inKind. It took a lot of energy for me to swallow my pride and walk back to the kitchen, but I was definitely frustrated. 9 Park and other established Boston restaurants.”

Front of House 179

Front of House Accounting Definition Marketing 179

Modern Restaurant Management

NOVEMBER 3, 2022

You’ll definitely see a lower survey completion rate when using this method, as some customers will wait until they’ve tried the product or service, but it can be effective for collecting some quality reviews quickly – especially if there’s a lag time between receiving your product.

Download 203

Download Accounting Definition Marketing 203

Les Roches

JANUARY 11, 2024

Involving the sale­s team in that goal-setting also helps foster a se­nse of ownership and accountability and can help boost motivation too. Photo Credit Main Image: Prapass Pulsub/ Moment via Getty Images The post Definition of revenue growth strategies appeared first on Les Roches.

Definition 52

Definition Pricing Marketing Training 52

Restaurant Engine

FEBRUARY 8, 2023

This article examines why the best restaurants have these four social media accounts and how you can harness their power for your business. #1: Another reason smart restaurants have a Facebook account is to use Facebook Messenger to connect with people. Facebook and Instagram are a definite must.

Accounting 59

Accounting Information Blog Events 59

7 Shifts

JULY 30, 2021

From stand-out social media accounts, to good old-fashioned mail marketing, we'll walk you through 12 unique customer-driving ideas! From managing your budget to accounting and bookkeeping for national holidays and events, this document will be your year-long guide to tracking your restaurant's promotional strategy. Email Marketing.

Accounting 148

Accounting Marketing Events Bookkeeping 148

Les Roches

DECEMBER 27, 2023

Photo Credit Main Image: fizkes/iStock via Getty Images The post Exploring the world of guest services: from definitions to job descriptions appeared first on Les Roches. They may also help customers with membership sign-ups and renewals.

Guest Services 52

Guest Services Definition Customer Service Concierge 52

7 Shifts

APRIL 15, 2020

Find a dedicated pickup spot If you don’t have drive thru, it’s definitely difficult to serve the customers outside the restaurant. The easiest way to do this is to write the instructions and put it on the website or social media account. Here are some tips on how it can be done.

Accounting 145

Accounting Communication Definition Marketing 145

Les Roches

JANUARY 8, 2024

This strategy is said to account for 35% of sales. Photo Credit Main Image: We Are/DigitalVision via Getty Images The post Exploring personalized marketing: A definitive guide appeared first on Les Roches.

Definition 52

Definition Marketing Information Communication 52

Revenue Hub

DECEMBER 9, 2024

NB: This is an article from Triptease Subscribe to our weekly newsletter and stay up to date It was our first chance to get a glance into the EU hospitality industrys reaction to the report and there was a definite sense of disappointment in Booking.coms limited changes. This came up via a few specific points raised during the workshop.

Workshop 104

Workshop Pricing Book Article 104

EATER

JANUARY 12, 2024

They did not immediately respond to follow up questions asking how they got the couch, why it’s listed under someone else’s account, and why it’s still on the market after 18 hours. So while Eater isn’t able to definitively confirm the legitimacy of the listing, the $0 price tag is really no surprise.

Definition 131

Definition Accounting Pricing Magazine 131

Modern Restaurant Management

SEPTEMBER 18, 2020

“There’s a definite connection between superfoods and our immune system,” said Tara Gidus Collingwood, founder of Diet Diva, a nutrition consulting company that advises restaurants, senior executives and professional athletes across the U.S. It has resulted in a huge shift in dining consciousness. Serene Spaces.

Sanitation 203

Sanitation Food Sanitation Definition Reservations 203

Revenue Hub

MAY 14, 2024

[link] The Future of Hotel Commercial Teams: It’s Time to Evolve and Fly [link] RECORDING SOUNDBITES: Karin Van Rhee If we start looking at that specific account again, and we start looking at not only what that account is produced the room revenue, but what might they have spent in the bar, right?

Accounting 103

Accounting Definition Pricing Events 103

Modern Restaurant Management

JUNE 26, 2024

High-definition digital menu displays are a must, allowing you to showcase mouth-watering images of your offerings and update content in real time. Customers definitely don't want to see long lines and excessive wait times in the drive-thru lane. Guests also want to be engaged and well-informed throughout the ordering process.

Training 175

Training Back of House Definition Accounting 175

EATER

MAY 20, 2022

Businesses are more reliant on Instagram than ever — which means more pain when they get locked out One day in March, the pastry chef Bronwen Wyatt was posting a picture of one of her signature squiggle-decorated cakes on Instagram when she was suddenly logged out of her account. Immediately, she turned two-factor authentication on. “It

Accounting 119

Accounting Communication Book Definition 119

SiteMinder

JUNE 8, 2022

Going further, to completely flesh out your revenue management forecasting , you should also take competitor pricing and overall market performance into account. When compiling your data and establishing your forecasts, it’s crucial that everything is as accurate as possible and that all data points have been accounted for.

Definition 52

Definition Book Reservations Accounting 52

EATER

JUNE 27, 2024

Scroll to the end for the full accounting of those names, which make up fully half the list of cameos.) René Redzepi Previous seasons have referenced Carmy’s time in Copenhagen, and now we’ve got definitive proof that he did indeed stage at Noma.

Definition 122

Definition Accounting Presentation Book 122

Revenue Hub

APRIL 26, 2024

GA4 Migration Checklist Survey Your Universal Analytics Create Your GA4 Account Migrate Your Events Create Custom Metrics Link Account Integrations Archive Historical Data Do hoteliers need to store historical data? Definitely.

Accounting 109

Accounting Book Article Definition 109

SiteMinder

OCTOBER 5, 2023

Other metrics that take into account revenue outside of room charges include RevPOM (revenue per occupied metre) and RevPEC (revenue per event customer). RevPAM is a metric that takes the entire space of the property into the equation, as opposed to simply looking at RevPAR or TrevPAR.

Definition 59

Definition Blog Events Pricing 59

Modern Restaurant Management

FEBRUARY 4, 2022

It is possible to operate a ghost kitchen in less built-up areas, although the definition, scope, and expectation of ghost kitchens are changing. The ghost kitchen definition is evolving to include restaurants that have a small pick-up area for guests to grab their food themselves.

Reservations 218

Reservations Definition POS Systems Customer Service 218

Modern Restaurant Management

JUNE 30, 2023

One of Merriam-Webster’s definitions for orchestration is “to arrange or combine so as to achieve a desired or maximum effect.” Updating packaging to account for new ways of getting food from restaurant to car to house to table can increase propensity to re-order significantly.

Pricing 179

Pricing Accounting Communication Training 179

SiteMinder

OCTOBER 15, 2023

Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue. Dynamic rates, on the other hand, take all that information into account to give hoteliers the information they need to maximise revenue at all times.

Pricing 59

Pricing Definition Book Marketing 59

EATER

DECEMBER 21, 2020

When we promote a value menu or launch $1 Your Way menu, being sensitive to when that might be most useful to our guests is definitely top of mind.”. In the meantime, better keep an eye on your Venmo account. It’s still unknown whether additional stimulus checks will be on the table in future legislation. And in other news….

Definition 98

Definition Budgeting Accounting Pricing 98

Synergy Suite

FEBRUARY 7, 2023

Integration with Other Systems A robust restaurant POS system seamlessly integrates with other critical systems, such as accounting software, payroll systems, online ordering platforms, and loyalty programs. POS Definition, Types, and Benefits appeared first on SynergySuite.

POS Systems 52

POS Systems Definition Server Information 52

EATER

FEBRUARY 24, 2021

Drivers for third-party apps have also complained of facing repercussions , such as their accounts being suspended, by customers falsely claiming that an order wasn’t delivered. Well, I get a message in door dash saying that they reported their food ‘not delivered’ but I definitely did, and now my account is facing deactivation.”.

Accounting 122

Accounting Definition Presentation 122

Revenue Hub

FEBRUARY 6, 2023

This is not the case for all GMs, but it is definitely the case for many. NB: This is an article from Hotel Financial Coach The reason is simple: the GM has not been given any formal accounting training and they are intimidated by the numbers and their lack of knowledge.

Accounting 97

Accounting Article Definition Budgeting 97

Modern Restaurant Management

DECEMBER 14, 2020

State marketplace collection laws vary by state—each law having its own definitions of terms and parties to which it applies. Many states existing sales tax laws and guidance do not account for the new delivery model where the seller may be either the restaurant or the online food delivery company. Exclusions.

Presentation 207

Presentation Document Pricing Definition 207

Revenue Hub

NOVEMBER 14, 2024

If you ask 10 hoteliers what revenue management is, you will probably get 10 different definitions. This helps create accountability, ensure consistency, and reduce errors. Some may be so complex they make your head spin. Instead, tasks may be handled by the front office manager, marketing manager, or general manager.

Pricing 109

Pricing Scheduling Book Article 109

EATER

JULY 8, 2024

Given how regularly I crave Korean food, I thought it’d be in the best interests of my bank account if I could bridge the gap between my home cooked meals and the food I sought outside, and, I realized that there was one particular fixture of Korean restaurants that was missing from my home: a portable burner.

Definition 119

Definition Accounting 119

7 Shifts

NOVEMBER 5, 2019

To add your restaurant to Google Maps, you’ll need to create a Google My Business (GMB) account. What is a Google My Business Account? Google My Business is a free tool you can use to manage your Google Search and Google Maps presence without taking potential customers to a website or a listing account.

Accounting 101

Accounting Information Reservations Communication 101