Article and Cost Reduction - Hospitality Management Today

Data: How Independent Hotels Can Compete With Large Chains

Revenue Hub

NOVEMBER 4, 2024

NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Ensuring your business is performing at its best and managing your property while simultaneously delivering exceptional guest experiences is a tricky balancing act.

Cost Reduction

Cost Reduction Article Pricing Marketing

Making Workforce and Cost Reduction Part of Revenue Management Mix

Revenue Hub

OCTOBER 19, 2022

Read rest of the article at Hotel Executive. The post Making Workforce and Cost Reduction Part of Revenue Management Mix appeared first on Revenue Hub. Hoteliers are rethinking their entire labor planning process and finding a lot of success by adopting a flexible schedule strategy.

Cost Reduction

Cost Reduction Scheduling Budgeting Training

What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Modern Restaurant Management

AUGUST 10, 2021

When it comes to managing medical plan costs for restaurant employers, aggressive management of prescription drug expenditures can yield significant savings. While cost reductions are almost impossible in an environment of double-digit cost increases, it is vital to limit the rate of increase.

Cost Reduction

Cost Reduction Information Document Budgeting

Webinars

What Your Financial Statements Are Telling You—And How to Listen!

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What Can I Do to Reduce My Restaurant Supply and Labor Costs?

Modern Restaurant Management

MAY 10, 2022

We’re going to park this one here until a little later in this article. When you’re short on time and resources, technology can help you automate on and off-premise processes, navigate increased costs, and make more informed business decisions. Are you doing anything with that data?

Cost Reduction

Cost Reduction Pricing Procurement Information

Revolutionizing Guest Experiences Through Virtual Hospitality

Modern Restaurant Management

JULY 5, 2023

Simultaneously, the industry is coping with cost pressures and demanding streamlined tech solutions that consolidate operations. This article explores how QSRs can harness the power of technology to enhance operations, deliver more engaging experiences, reduce costs and increase profitability.

Cost Reduction

Cost Reduction POS Systems Information Communication

The Modern Revenue Manager: 7 Keys to Success

Revenue Hub

OCTOBER 23, 2023

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more. Many of these sustainability efforts provide cost reduction benefits as well.

Pricing

Pricing Book Cost Reduction Download

How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

7 Shifts

APRIL 3, 2020

Please note thought: this article is meant to provide information only and is not a substitute for any professional advice you may receive from an accountant, lawyer, HR, or other professional. Have certain costs been reduced? Set a reminder for yourself to review the same data in 30 days and see what has changed. Good luck!

POS Systems

POS Systems Cost Reduction Pricing Download

10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

MAY 18, 2023

Inflation, labour issues, and rising cost to meet the needs of an increasingly tech-savvy and sophisticated guest journey. With an ever-increasing amount of cost-associated challenges in our industry, this topic couldn’t have been addressed at a better time. Want to know how to turn cost issues into a competitive advantage?

Front Desk Operations

Front Desk Operations Cost Reduction Book Training

Worried About High Restaurant Labor Costs? Here are 8 Strategies Saudi Restaurants Can Use to Control Them

The Restaurant Times

OCTOBER 29, 2020

That is why restaurants and cafes must control their labor costs and maintain profit margins. This article provides eight effective ways of how operators in Saudi Arabia can reduce restaurant labor costs. . 8 Useful Tips To Reduce Restaurant Labor Costs In Saudi Arabia. Invest In Hiring.

Training

Training Cost Reduction Scheduling Server

Inventory Management Software: Definition, Benefits, and What to Look For

Synergy Suite

MAY 16, 2023

In this article we’ll cover the ins and outs of inventory management software : what it is, what the benefits are, and how to choose the right one for your restaurant business. What is inventory Management Software?

Definition

Definition POS Systems Vendor Management Scheduling

The Power of Flexibility: How Split Shifts Can Transform Your Business Operations

Synergy Suite

AUGUST 7, 2024

This article delves into the mechanics of split shifts, examining who uses them, the benefits and drawbacks compared to fixed shifts, and the considerations for implementing them in your business. Communication & Scheduling : Clear policies and fair scheduling practices are pivotal.

Scheduling

Scheduling Communication Cost Reduction Demo

Restaurant Online Ordering System Market Overview and Growth Drivers

LimeTray

FEBRUARY 18, 2025

The following article covers key statistics, market growth drivers, and technological trends shaping the restaurant online ordering system market. Operational Excellence and Cost Reduction Want to cut down costs and refine your restaurant operations?

Marketing

Marketing POS Systems Cost Reduction Front of House

MRM Research Roundup: Mid-December 2019 Edition

Modern Restaurant Management

DECEMBER 16, 2019

This article looks at what happened in the cultured meat industry in 2019 and explores what’s in store for 2020. Growth will initially be slow, as products are released in selected restaurants at premium prices and companies wrestle with scale up and cost reduction. Investment has been growing rapidly in recent years.

Events

Events Marketing Pricing Cost Reduction

Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

Synergy Suite

DECEMBER 14, 2023

At the end of this article, you’ll not only grasp the concept of the inventory turnover ratio but also be equipped with strategies to maximize it, ensuring smoother operations and increased profitability for your restaurant. Let’s explore inventory turnover ratio, and dissect its importance in the restaurant industry.

Menu Planning

Menu Planning Information Procurement Training

MRM Plant-Based: Trends in Meatless and Copper Branch Expands in Time for Veganuary

Modern Restaurant Management

DECEMBER 18, 2019

This article looks at what happened in the cultured meat industry in 2019 and explores what’s in store for 2020. Growth will initially be slow, as products are released in selected restaurants at premium prices and companies wrestle with scale up and cost reduction. Investment has been growing rapidly in recent years.

Marketing

Marketing Cost Reduction Pricing Catering

Hospitality Management Today

Data: How Independent Hotels Can Compete With Large Chains

Making Workforce and Cost Reduction Part of Revenue Management Mix

Webinars

Trending Sources

What Restaurant Groups Need to Know about Managing Prescription Drug Expenditures

Webinars

What Can I Do to Reduce My Restaurant Supply and Labor Costs?

Revolutionizing Guest Experiences Through Virtual Hospitality

The Modern Revenue Manager: 7 Keys to Success

How to Drastically Cut Expenses in Your Restaurant (and Stay Profitable During COVID-19)

10 Effective Cost-Saving Strategies for Hotels

Worried About High Restaurant Labor Costs? Here are 8 Strategies Saudi Restaurants Can Use to Control Them

Inventory Management Software: Definition, Benefits, and What to Look For

The Power of Flexibility: How Split Shifts Can Transform Your Business Operations

Restaurant Online Ordering System Market Overview and Growth Drivers

MRM Research Roundup: Mid-December 2019 Edition

Inventory Turnover Ratio for Restaurants: Maximizing Inventory Efficiency

MRM Plant-Based: Trends in Meatless and Copper Branch Expands in Time for Veganuary

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