Modern Restaurant Management

NOVEMBER 4, 2024

Growing Businesses: How to Add a Personal (and Community) Touch Smaller businesses have the home-field advantage of being able to build closer, more personal relationships with their customers. Partnerships Pay Off: Teaming up with local businesses for cross-promotions can give your loyalty program a boost. And who knows?

Budgeting 88

Budgeting Marketing Reservations Communication 88

Lodging Magazine

NOVEMBER 5, 2024

My hotel is currently operating on a very tight budget, and I am struggling to get necessary system upgrades approved to ensure proper security measures are being met. Data protection is not just a technical issue—it’s a business imperative. In hospitality, just like in any business, trust is key. Do you have any advice?

Budgeting 69

Budgeting Magazine 69

Hospitality Magazine

DECEMBER 9, 2024

DElia sold his share of the restaurant in 2018, and his business partner Maurice Terzini (Icebergs Dining Room & Bar) replaced it with Cicciabella in 2019. There are now three set menus to accommodate differing budgets ($85/$105/$145pp) and an updated a la carte menu.

Budgeting 246

Budgeting Magazine 246

Lodging Magazine

APRIL 11, 2025

WASHINGTON, D.C.American Hotel & Lodging Association (AHLA) President & CEORosanna Maietta issued the following statement applauding Congress for passing the budget resolution. This is a critical step to […] The post AHLA Applauds Passage of Budget Resolution appeared first on LODGING Magazine.

Budgeting 59

Budgeting Magazine 59

Hotel Business

APRIL 17, 2025

government actions including tariffs, cross-border policies and entry restrictions, global business travel professionals are newly navigating a complex and uncertain landscape regarding the potential impact on business travel volume, spending and revenue for 2025. Notably, with global business travel spending forecast to reach $1.63

Budgeting 59

Budgeting Document Events 59

Hospitality Magazine

JULY 26, 2023

Global business platform Xero has released its latest data as part of the Xero Small Business Index that covers statistics from February to June 2023. The Xero Small Business Index averaged 120 points in the first five months of this year, which is above the last result of 112 that was revealed at the end of 2022.

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Budgeting Information Magazine 246

Hospitality Magazine

MARCH 25, 2025

By now, youve probably heard of the personal income tax cuts from the 2025-26 federal budget. But what impacts will the changes have on hospitality businesses? In yesterdays budget address to parliament , Federal Treasurer Jim Chalmers noted 25,000 business have been created on average since Labor came to office.

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Budgeting Magazine 100

Hospitality Magazine

MAY 15, 2024

Restaurant & Catering Australia has commented on the Albanese Goverment’s Federal Budget, stating it has “missed an opportunity to assist a sector that is already in pain” Treasurer Dr Jim Chalmers handed down the 2024-2025 Budget on Tuesday, with hospitality businesses set to benefit from just a handful of policies.

Budgeting 130

Budgeting Catering Training 130

Modern Restaurant Management

DECEMBER 28, 2022

But have you considered how an equipment subscription is a better, smarter business move than equipment ownership? While purchasing has always been the norm for most, if not all, essential equipment in the restaurant business, it’s not necessarily the smarter fiscal choice. EaaS for Big Business. Brand protection.

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Maintenance Budgeting Reservations Back of House 197

Hotelogix

FEBRUARY 13, 2025

While big brands and hotel chains have dedicated departments and sufficient budgets to handle their sales and marketing online, small hotels find it tough due to inadequate budget, less manpower and absence of technology knowledge to market themselves online.

Marketing 130

Marketing Budgeting Blog Reservations 130

Modern Restaurant Management

NOVEMBER 22, 2024

Seasonal hires can have an outsized impact on how a restaurant fares during a busy period. Whether the business has just staffed up for the holidays or experiences their busy period at a different time of the year, investing in seasonal talent is a crucial part of labor strategy year-round.

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Scheduling Training Budgeting Communication 175

Modern Restaurant Management

FEBRUARY 27, 2023

Restaurant365’s State of the Industry Customer Survey shows that 60 percent of surveyed customers plan to expand their businesses in 2023 despite expected increased labor and food costs. Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out.

Bookkeeping 189

Bookkeeping Budgeting Scheduling Accounting 189

Revenue Hub

JANUARY 15, 2025

Setting an operating budget for the coming year can feel like a wild guessing game for hoteliers. Forecasts will alert you to future periods when your property isnt on track to meeting budget targets while theres still time to remedy the shortfall. Hit your targets: Ensure the property is on track to meet budget goals.

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Pricing Budgeting Article Book 107

Modern Restaurant Management

MAY 1, 2023

Cybercriminals are increasingly targeting restaurants, seeking to steal sensitive customer data and disrupt business operations. While many restaurant owners may not think they need to worry about cyber attacks, the reality is that no business is immune.

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POS Systems Information Customer Service Budgeting 203

Hospitality Magazine

DECEMBER 1, 2024

The festive season is a time for celebration, and for hospitality businesses, it’s an opportunity to capitalise on increased customer spending. By offering well-considered wine pairings with your festive seafood dishes, you can enhance customer satisfaction, encourage repeat business, and ultimately boost your bottom line.

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Budgeting Pricing Accounting Magazine 130

Social Hospitality

FEBRUARY 17, 2025

Marketing doesnt have to break the bank.With the right tools and strategies, small and medium-sized businesses can build strong brand awareness without blowing their budget. From digital platforms to traditional methods, lets explore the best budget-friendly marketing tools and how to use them effectively. Want inspiration?

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Marketing Blog Budgeting Scheduling 52

Modern Restaurant Management

DECEMBER 9, 2024

With Colorado being ranked in the top five for most out-of-state convention business, this tactic has been crucial to our pop-up success. Identify opportunities that might have been missed by competitors due to budget or creativity and capitalize on those. Be honest with the answer.

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Budgeting Marketing Magazine Events 167

Hotel Owner

NOVEMBER 19, 2024

The number of hospitality businesses entering insolvency eased slightly in Q3 2024, yet remained historically high, reflecting challenging trading conditions for the industry. with a spike in the sector’s business closures. Recent budget changes won’t have helped.” in June to 186.4 in September. It peaked in August 2023 at 273.4

Budgeting 98

Budgeting 98

Hotel Owner

MARCH 26, 2025

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming tax changes this April, as part of her Spring Statement today (26 March). to 15%, while the threshold at which businesses start paying National Insurance on a workers earnings will be lowered from 9,100 to 5,000.

Budgeting 52

Budgeting 52

Modern Restaurant Management

DECEMBER 16, 2024

With so much already on your year-end plates, how can you find the time to lay the groundwork for team and business success in 2025? Budgeting Smart : Review your benefits costs and the financial impact of anticipated changes so you can set realistic financial expectations for 2025.

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Scheduling Training Communication Budgeting 179

Modern Restaurant Management

OCTOBER 12, 2023

Both legacy restaurants and newer establishments can agree that the literal cost of doing business from payment processing can severely hamper revenue growth from the first sale. business owners an added $1.2 Businesses can easily avoid this by becoming PCI compliant. billion in fees. merchants paid approximately $62.5

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Pricing Budgeting 179

Hotelogix

NOVEMBER 28, 2024

Business travelers typically seek workspace-friendly rooms with fast Wi-Fi, while families require spacious accommodations with connecting rooms. Weekend getaway packages for couples, corporate rates for business travelers, and off-season discounts for retirees maximize booking potential.

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100

Modern Restaurant Management

NOVEMBER 12, 2024

2024 disasters like Hurricanes Helene and Milton are strong examples of how catastrophic weather can be, leaving businesses devastated and communities with billions in damages. Sadly, these events are only becoming more frequent; in 2023 alone, the U.S.

Training 189

Training Communication Information Events 189

Hotel Owner

JANUARY 13, 2025

Theres also heightened competition with other hospitality businesses offering deeper discounts to attract bookings. While this may be better than the alternative of no business, this approach can put a serious dent in overall profitability, he explained. In fact, creating experiences tailored to locals can also drive repeat business.

Pricing 52

Pricing Book Budgeting Events 52

eHotelier

APRIL 21, 2024

In her role, she will serve as the strategic business leader of property operations at the 221-room hotel and be responsible for creating and maintaining a high-performing service culture and managing budgets and reputation.

Budgeting 246

Budgeting Marketing 246

Revenue Hub

JANUARY 6, 2025

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date Instead of spreading your attention across many metrics, concentrating on a few KPIs ensures the hotel team aligns with the most critical business drivers.

Budgeting 109

Budgeting Guest Satisfaction Accounting Article 109

Social Hospitality

FEBRUARY 5, 2025

The hospitality industry is more competitive than ever, with businesses constantly looking for ways to stand out online. Many business owners choose between SEO (Search Engine Optimization) and paid advertising to drive traffic and increase bookings. The main benefit of using SEO lies in its cost-efficient nature.

Events 52

Events Special Events Strategic Planning Marketing 52

Revenue Hub

JANUARY 8, 2025

Discounting in the hotel business involves lowering room prices to increase demand. Travelers expect to pay a premium on busy dates; during quieter times, they often scour the internet in search of deals. What Is Hotel Room Discounting?

Pricing 109

Pricing Book Article Budgeting 109

STAAH

JANUARY 5, 2025

Wielding unmatched reach and budgets, these mega OTAs continue to influence every stage of trip planning and booking.Expedia and Airbnb continue to feature on the top 10 distribution channel list based on bookings via STAAHs expansive 500+ integrations. Three newcomers made the top 10 list in India Cleartrip, Hotelbeds and RezLive.com.

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Book Travel and Tourism Budgeting Marketing 109

Modern Restaurant Management

OCTOBER 16, 2024

These multi-sided businesses are complex and come with their own unique set of fraud challenges. When done on a large scale, this wastes the platform’s marketing budget and eventually leads them to cut down on promotions, slowing order volumes for restaurants. In 2023, over 1.5 million restaurants in the U.S.

Accounting 166

Accounting Demo Training Budgeting 166

Revenue Hub

JANUARY 8, 2025

Implementing a subscription model can bring powerful benefits to your business: Boosted Guest Loyalty Subscriptions create deeper, more enduring relationships. Subscriptions provide consistent cash flow, allowing you to budget and invest with confidence. Year-Round Revenue Stability Say goodbye to seasonal swings.

Article 109

Article Budgeting Pricing Presentation 109

Modern Restaurant Management

AUGUST 7, 2024

"Cutting a marketing budget creates a ripple effect that may not be felt until months down the road when the damage has already been done. One way to avoid this is by following an 'always-on'approach to marketing that focuses on attracting new customers, increased repeat business, and overall brand awareness.

Marketing 188

Marketing POS Systems Budgeting Events 188

Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. Boost your online visibility: Your business reaches a wide demographic by listing on OTAs. With guests leaving reviews on OTA platforms, your business gains good credibility, facilitating further bookings from across the globe.

Book 268

Book Budgeting Catering Strategic Planning 268

Modern Restaurant Management

MARCH 28, 2023

Small-medium sized business owners may not fully grasp how important technology is due to a lack of knowledge and experience. Digital transformation, while perhaps initially difficult for restaurant owners, specifically small to medium-sized businesses, is the only way to get ahead and survive. At least not entirely.

Front of House 185

Front of House Budgeting Back of House Scheduling 185

Hotel Owner

APRIL 17, 2025

Additionally, CoStars data revealed that an uncertain macroeconomic environment and subdued business confidence may have affected trading in recent months. Weekday performance has been weakest, experiencing sharper year-over-year declines on Sundays through Thursdays.

Budgeting 40

Budgeting Pricing Marketing 40

Modern Restaurant Management

APRIL 14, 2025

Among the report highlights: Cost-conscious diners are rolling back their spending, not cutting it out: 45 percent of surveyed diners report they are visiting restaurants less often due to rising prices, with nearly half saying they’ve decreased their dining-out budgets in the past six months. The good news?

Pricing 132

Pricing Guest Satisfaction Budgeting Definition 132

Revenue Hub

NOVEMBER 28, 2024

Conversely, they can attract budget-conscious travelers during off-peak periods by offering lower rates. Lowering rates during slow periods stimulates bookings, while higher rates during busy times ensure that only those willing to pay premium rates secure rooms.

Pricing 108

Pricing Travel and Tourism Article Budgeting 108