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. Use Pinterest boards to add value for your followers.

Accounting 59

Accounting Information Blog Events 59

Revenue Hub

DECEMBER 4, 2023

AI-powered revenue management for restaurant venues relies around Dynamic Pricing , which takes into account numerous inputs such as seasonality, special events, and day-of-week changes in order to maximize occupancy at optimal prices.

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Pricing Special Events Accounting Article 109

Modern Restaurant Management

MAY 16, 2022

“Also, the potential for adding health insurance as a benefit will go a long way with employee retention and attraction, taking into account the consistent increase we are seeing in costs for that space.” ” Addressing Business Interruption Needs. ” Steering Toward Better Insurance Benefits for Staffers. .

Budgeting 208

Budgeting Special Events Events Maintenance 208

Modern Restaurant Management

JANUARY 9, 2020

The first step is to create a Google My Business account so that your coffee shop shows up on search results. Did you know that the average business with a Google account is found in over 1,000 searches per month? Simply ask customers if they would like to join your email list for any news, promotions, or special events.

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Marketing Special Events Accounting Events 146

Revenue Hub

OCTOBER 1, 2024

A seasonal pricing strategy involves adjusting room rates based on the time of year, taking into account various factors such as demand, local events, holidays, and competition. Hotels often experience peaks and troughs in demand due to seasonal changes, such as holiday seasons, summer vacations, or special events in the area.

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Pricing Special Events Article Events 109

Modern Restaurant Management

MAY 16, 2024

Each week, do at least the following: Update your business hours in case of special events, weather, or holidays so that customers don’t show up when you aren’t open. Post new menu items, offers, events, and any other updates you would post to a social media account.

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Special Events Article Events Customer Service 185

Modern Restaurant Management

SEPTEMBER 21, 2023

Here's how to create a business profile on Google My Business: Visit the Google My Business page and log in with your Google account. Post Regular Content : Google My Business allows regular posting of updates, special events, and promotions. Verify your business to confirm that you are the owner or manager.

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Information Special Events Budgeting Marketing 203

Revenue Hub

NOVEMBER 23, 2023

NB: This is an article from WebRezPro Subscribe to our weekly newsletter and stay up to date The Purpose of Cancellation Policies A cancellation policy protects both you and your customers by: Reducing the number of no-shows and holding guests accountable.

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Reservations Book Special Events Article 109

Modern Restaurant Management

AUGUST 31, 2023

So, basically, you’re harping on your USP—which your customers love—to make your event a success. They may even promote these special events for free via word of mouth. If you’re a restaurant that serves only vegan food, an influencer who posts grilled meats on their accounts won’t do.

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Events Marketing Accounting Special Events 154

Modern Restaurant Management

DECEMBER 10, 2021

Creating a Google My Business account for your restaurant is a great way to ensure that all vital information will be at the customer’s fingertips. Once you have this information, you can reach out to customers a week before the special day and invite them to celebrate their special day at your restaurant.

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Marketing Information POS Systems Demo 226

7 Shifts

AUGUST 5, 2021

While restaurant data helps you predict your sales, out-of-the-ordinary scenarios like weather or special events can result in your restaurant being busier or slower than you had expected. To account for this, schedule with on-call employees in mind. With 7shifts scheduling tools, labor law compliance is built-in.

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Scheduling Server Front of House Accounting 148

Hotelogix

JULY 11, 2024

Static pricing involves setting fixed rates based on seasons or days of the week, which does not account for changing market conditions. Dynamic pricing, on the other hand, adjusts rates in real-time based on current market data, including demand, supply, competitor rates, and special events.

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Pricing Download Book Budgeting 130

Hotel Business

JULY 6, 2023

Hotels will have the opportunity to unlock new revenue streams with on-screen advertising for property-centric dining, shopping, spas, special events, casinos and more. Additionally, OnStream will soon tap into loyalty data to personalize guest offers.

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Special Events Download Guest Satisfaction Housekeeping 98

7 Shifts

OCTOBER 22, 2024

Use it to share updates, special events, or new menu items. For example, you can promote your seasonal dishes or happy hour specials. When done right, it helps keep your restaurant at the top of customers' minds, encourages repeat visits, and promotes special events or menu items. It's an active marketing tool.

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Book Marketing Reservations Blog 78

Revenue Hub

SEPTEMBER 5, 2023

Leveraging historical data, market trends, and special events, hotels can predict periods of high and low demand. Overbooking Management While it might sound counterintuitive, overbooking is a common practice that takes into account the likelihood of cancellations and no-shows.

Pricing 109

Pricing Reservations Training Article 109

Hotelogix

OCTOBER 11, 2024

Seasonal Influences: Holidays and special events can impact travel plans. This accountability encourages guests to commit to their reservations, as they understand the consequences of a no-show. Guests might change their plans unexpectedly, contributing to increased no-show rates during busy periods. How No-Shows Impact Hotels?

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Reservations Guest Satisfaction Communication Book 130

Modern Restaurant Management

JUNE 5, 2020

Most municipalities have existing permitting capabilities for temporary uses and special events that provide for an expedited process to obtain a permit and would not require reinventing the wheel. Permits – Is there an existing permitting structure in place that can be utilized, or will a new system need to be created?

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Special Events Sanitation Revenue Projections Reservations 168

Revenue Hub

JUNE 20, 2024

Or maybe that data rolls up to a group account across properties, but again, can it be leveraged for the next stay? Special events marketed to loyalty-tier guests within the drive market. “We But if your hotel is part of a group, is that survey data being used to improve the next stay of a specific guest at the next hotel?

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Reservations Special Events Communication Article 108

Revenue Hub

OCTOBER 28, 2022

In this case, if Jane is traveling with her husband and their children, she may be interested in paying more for connected rooms, activities that apply to different ages, special events, and ancillary services that apply to families.

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Special Events Book Information Reservations 97

The Restaurant Times

FEBRUARY 18, 2021

If your restaurant only serves vegan food or the food you serve accounts for less than 25% of the complete products sold, you do not need to get this approval. You Need A License For The Events. If you already have one for an existing restaurant you own, you may not have to apply again. But, it is always best to be safe than sorry.

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Events Special Events Accounting Presentation 98

Revenue Hub

AUGUST 22, 2023

In this case, if Jane is traveling with her husband and their children, she may be interested in paying more for connected rooms, activities that apply to different ages, special events, and ancillary services that apply to families.

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Special Events Book Information Reservations 96

Hotel Business

SEPTEMBER 15, 2023

There will likely be a special event or sudden period of high demand, so always look for those opportunities. One way to account for these anomalies is by using revenue management technology that runs multiple models and then selects the ones that provide the most accurate forecasts.

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Special Events Pricing Accounting Events 64

7 Shifts

DECEMBER 8, 2020

Bigger suppliers like beverage distributors often have access to special events like concerts or sporting events. Recommended Reading: How to Build a Successful Restaurant Employee Engagement Program 7. They may have overstock of an exciting item, or may be able to get you access to lower prices on specialty items.

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Front of House Server Events Special Events 148

7 Shifts

AUGUST 18, 2024

This means your personal assets, such as your home or savings account, could be at risk if the business fails. Run Promotions: Happy Hour and Special Events Consider introducing happy hour where you offer drinks and meals for discounted prices. Recommended Reading: 22 Advertising Ideas Driving Guests To Tables 14.

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Customer Service Marketing Special Events Scheduling 148

InnQuest

SEPTEMBER 13, 2022

Using chatbots on your website and social media accounts help you engage with customers while automating some of the more tedious parts of the sales process, like answering questions about rates or availability. Digital check-in kiosks. Digital folders. Smart room technology. Rate management. Automated housekeeping processes.

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Housekeeping Book Information Guest Satisfaction 130

Revenue Hub

JULY 11, 2023

An RMS applies sophisticated algorithms and machine learning to predict demand patterns and suggest optimal pricing, taking into account a variety of factors including historical data, competitor prices, and market trends. This could involve dynamic pricing, special promotional offers, or targeted marketing campaigns.

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Pricing Book Article Events 75

The Restaurant Times

SEPTEMBER 16, 2021

There are ample business accounts on Instagram as of now looking for more opportunities and collaborations. . However, Instagram allows accounts with more than 10k followers to add their links just by swiping up the story to curb this problem. Initially, people only used it only as a personal photo-sharing platform.

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Marketing Accounting Budgeting Special Events 52

Revenue Hub

OCTOBER 28, 2022

We all know the saying, “what gets measured gets done”, starting with charging the basics and identifying how these are posted, who is auditing, who is accountable, and how it is tracked. Activate your lobby, unused meeting rooms to create day use, co-working spaces, and private rooms attracting the work-from-home clientele.

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Reservations Book Catering Special Events 96

SiteMinder

OCTOBER 5, 2023

Expedia Partner: How to become one To join the Expedia Partner Central, you’ll first need to create an Expedia account. If you’re new, you’ll need to set up an Expedia Partner account first. This section lets you adjust room rates, offering flexibility in response to changing demand or special events.

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Competitive Analysis Book Information Property Management 59

EATER

FEBRUARY 14, 2025

Mapp and Peter Hefti, 39 and 40 Freelance journalist and co-founder of Daylight San Diego ; accountant Together for 10 years, married for five years San Diego What does date night mean for you? With R, they typically pay; it feels more of a special event when Im able to treat them. We call it Conservas Saturday.

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Reservations Definition Budgeting Scheduling 73

SiteMinder

OCTOBER 10, 2023

This forecast takes into account the total number of rooms in the hotel and subtracts the number of rooms that are expected to be occupied. Going further, to completely flesh out your revenue management forecasting, you should also take competitor pricing and overall market performance into account. Special events & holidays.

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Book Pricing Reservations Accounting 52

SiteMinder

JUNE 12, 2024

This can involve overbooking strategies to account for last-minute cancellations or no-shows. Restrictions Management : Implementing restrictions like minimum stay requirements during peak periods or special events to optimise room revenue. as their Summer is during the Australian Winter.

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Pricing Book Reservations Events 98

Les Roches

DECEMBER 27, 2023

They may also help customers with membership sign-ups and renewals.

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Guest Services Definition Customer Service Concierge 52

Synergy Suite

JULY 20, 2024

Restaurants, in particular, may resort to double shifts during peak seasons or special events when an increased workforce is necessary to handle the customer surge. Also, by having proper bookkeeping practices in place, restaurant owners are less likely to have accounting errors or missed vendor invoices. Leverage software.

Bookkeeping 52

Bookkeeping Scheduling Accounting Information 52

7 Shifts

JULY 20, 2024

or 70% This means that the restaurant's prime costs account for 70% of its total sales. Basic restaurant financial spreadsheets you’ll need Using a spreadsheet also simplifies the restaurant accounting process and generating financial statements. A good benchmark is to keep your prime costs 60% or lower of your total sales.

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Scheduling Pricing Budgeting Information 88

The Restaurant Times

JANUARY 18, 2023

Accounting System. An accounting system becomes the critical bookkeeping tool in your restaurant’s information system arsenal by leveraging the power of a robust back-office system. For this, you need an online ordering system compatible with your POS. This information is beneficial for advertising. .

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POS Systems Information Bookkeeping Scheduling 52

The Restaurant Times

DECEMBER 3, 2021

Working within your budget’s limits is critical, as is developing an effective company plan that accounts for all employees, food, beverages, entertainment, maintenance, promotion, cleaning, and bills. When you advertise the event, you can also urge attendees to dress up in costume to get into the spirit.

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Events Accounting Special Events Maintenance 52