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.

Special Events 185

Special Events Article Events Customer Service 185

Modern Restaurant Management

NOVEMBER 19, 2020

That said, there are a few other things that restaurants need to ensure are working soundly before the customer reaches checkout: User Accounts – Restaurants should offer customers the ability to open an account on the restaurant’s website.

Special Events 215

Special Events Accounting Marketing Pricing 215

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.

Special Events 98

Special Events Download Guest Satisfaction Housekeeping 98

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.

Events 154

Events Marketing Accounting Special Events 154

7 Shifts

NOVEMBER 15, 2024

How do you prepare your team for special events or holiday rushes? As a restaurant manager, how do you prepare your team for special events or holiday rushes? For example, they could increase staff for a special event so that there are enough employees to handle larger crowds without sacrificing service quality.

Communication 78

Communication Server Special Events Training 78

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.

Information 203

Information Special Events Budgeting Marketing 203

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.

Special Events 64

Special Events Pricing Accounting Events 64

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.

Marketing 190

Marketing Special Events Accounting Events 190

7 Shifts

OCTOBER 22, 2024

Host special events Special events like trivia nights, live music, or charity fundraisers help bring in foot traffic and create lasting memories, encouraging customers to return. Reach out and propose a collaboration, such as a sponsored post or a takeover of your restaurant's social media account.

Marketing 78

Marketing Events Special Events POS Systems 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 102

Pricing Reservations Training Article 102

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?

Reservations 90

Reservations Special Events Communication Article 90

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

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.

Book 52

Book Pricing Reservations Accounting 52

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.

Competitive Analysis 59

Competitive Analysis Book Information Property Management 59

eZee Absolute

JUNE 27, 2024

NFTs can represent exclusive memberships offering perks like priority access, room upgrades, or invitations to special events. NFTs can be used as tickets to special events, such as private concerts, culinary experiences, or art exhibitions in the hotel. In simple words, NFTs are hotel loyalty programs but with a twist.

Regulatory Compliance 40

Regulatory Compliance Special Events Blog Workshop 40

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.

Scheduling 148

Scheduling Server Front of House Accounting 148

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.

Special Events 75

Special Events Book Information Reservations 75

Les Roches

DECEMBER 27, 2023

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

Guest Services 52

Guest Services Definition Customer Service Concierge 52

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. .

POS Systems 52

POS Systems Information Bookkeeping Scheduling 52

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.

Customer Service 148

Customer Service Marketing Special Events Scheduling 148

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.

Pricing 68

Pricing Book Article Events 68

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.

Special Events 81

Special Events Book Information Reservations 81

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.

Marketing 226

Marketing Information POS Systems Demo 226

The Restaurant Times

MARCH 17, 2023

Additionally, you can use holidays and other special occasions to encourage customers to visit your restaurant and celebrate. Social Ads Remember that different people use different platforms, so you shouldn’t use the same material on each account. Host Special Events What lures patrons into a restaurant?

Special Events 52

Special Events Events Information Marketing 52

Synergy Suite

OCTOBER 12, 2023

Gross profit margin is a fundamental financial metric that reveals the percentage of revenue left after accounting for the cost of goods sold (COGS). These metrics go beyond merely counting revenue and expenses; they reveal the core profitability of the business, while accounting for various financial components.

Portion Control 52

Portion Control Pricing Accounting Procurement 52

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.

Events 98

Events Special Events Accounting Presentation 98

MBB Hospitality

NOVEMBER 15, 2023

When engineering your menu, consider the contribution margin of each item—that is, the actual dollar amount each dish contributes to overhead after accounting for food costs. Implement dynamic pricing for peak times or special events, and consider time-bound promotions to drive traffic during slower periods.

Pricing 52

Pricing Training Portion Control POS Systems 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.

Events 52

Events Accounting Special Events Maintenance 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.

Scheduling 88

Scheduling Pricing Budgeting Information 88

Lithos POS

SEPTEMBER 27, 2023

POS helps you to automate various business functions such as inventory, payments, accounting, customer, and employee operations. You can integrate the software with other software such as accounting, inventory, CRM, payment, and other food aggregators. It allows you to manage everything in a centralized dashboard.

POS Systems 69

POS Systems Accounting Front of House Server 69

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.

Book 78

Book Marketing Reservations Blog 78

Les Roches

MAY 9, 2023

Budgeting and financial planning: An event budget will help ensure that you stick to your spending plan and that all expenses are accounted for. Venue selection: This is one of the most important elements for a successful event. A virtual event can be considered to cut down costs. This list is not exhaustive.

Events 52

Events Event Coordination Budgeting Customer Service 52

Lithos POS

DECEMBER 19, 2023

He acts as an accountant, overseeing invoices, payroll, profit and loss statements, and tax records. The bookkeeper or accountant is responsible for managing the restaurant’s financial records, including accounts payable, accounts receivable, payroll, and financial reporting.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

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.

Housekeeping 130

Housekeeping Book Information Guest Satisfaction 130

Modern Restaurant Management

JULY 6, 2023

Restaurants can request basic information like their phone number or allow customers to connect using their social media accounts, enabling data collection for segmentation purposes. WiFi Hotspot : Offering free WiFi with a captive portal presents an opportunity to collect customer data in exchange for access.

Marketing 180

Marketing Information Communication Reservations 180

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