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How to Decide Hotel Rates: A Complete Guide for Hoteliers

Hotelogix

Setting the right rates for your rooms is not just about numbers; it’s about balancing guest expectations, understanding demand, and staying competitive. In this blog, we’ll cover everything you need to decide hotel rates smartly, including competition analysis, pricing strategies, and tools to simplify the process.

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How to start a hotel business plan

SiteMinder

This blog will give you a comprehensive guide to creating a business plan for your hotel. A well-crafted hotel business plan is essential for laying the foundation for success in the competitive hospitality industry. Target market: Define your ideal guest profile, including their demographics, interests, and travel habits.

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Hotel SWOT analysis: Your full guide

SiteMinder

If you are wondering where to start, look no further than the traditional SWOT analysis for hotels: this tool is key to understanding your business, relative to the competition. Performing a SWOT analysis focuses your attention beyond immediate needs and enables you to take strategic action for your hotel business.

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Innovative approaches to food and beverage marketing

Les Roches

Let’s explore the tactics and precise planning that push the boundarie­s of food and beverage marketing. What is food and beverage marketing? Food and beverage (F&B) marketing refers to strategic processes implemented by businesses in the F&B sector to promote their products or services effectively.

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Hotel revenue management strategies and solutions

SiteMinder

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The fluctuating demand, strong competition, and ever-changing e-commerce landscape in hospitality necessitate constant attention and strategic adaptation.

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Why restaurants fail: Make sure you do not make these 38 mistakes

Lithos POS

However, we see the restaurant business stopping for several reasons, such as a lack of clear planning or bad service, and more… The purpose of this blog is to explain, “Why do restaurants fail?” Marketing plays an important role in every business. You cannot succeed without a proper marketing plan.

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6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

With lockdown restrictions easing and restaurant business slowly picking up the pace in the UK market, it is an excellent time to revisit your restaurant’s business plans. This involves a detailed analysis of why you plan to open a cafe, the expected ROI, targeted clientele, etc. Promotion/marketing strategies .