Revenue Hub

MARCH 19, 2024

The better that your BI solution synchronizes with the multiple systems and partner data sources you have running, the more holistic the picture of your business you will get. In time Lighthouse BI will also be able to integrate further with other financial BI and digital marketing management tools to create further efficiencies.

Strategic Planning 109

Strategic Planning Information Article Budgeting 109

Hotelogix

JULY 18, 2024

Segment your market: To create more precise forecasts, segment your market into different categories, such as business travelers, leisure travelers, group bookings, etc. Improved hotel budgeting: Forecasting helps create more accurate budgets by predicting revenue and expenses more precisely.

Guest Satisfaction 130

Guest Satisfaction Budgeting Book Pricing 130

MBB Hospitality

SEPTEMBER 15, 2024

Rising inflation poses significant challenges for businesses, from increased costs of goods and services to diminished consumer purchasing power. However, with strategic planning and adaptability, businesses can mitigate these challenges and thrive. Heres how to stay in business despite economic pressures.

Budgeting 52

Budgeting Pricing Strategic Planning Customer Service 52

Les Roches

MARCH 8, 2024

Whether you aspire to become a corporate leader, entrepreneur or industry innovator, obtaining a business degree provides a solid foundation of knowledge and skills essential for success in today’s competitive marketplace. Let’s look at how to select the right degree in business.

Strategic Planning 52

Strategic Planning Budgeting Travel and Tourism Hospitality Management 52

Modern Restaurant Management

SEPTEMBER 23, 2024

Operating a successful restaurant, let alone a portfolio of restaurants, is one of the most challenging businesses in the market. A restaurant’s legal counsel can be a key advisor and ally in positioning the business for growth while helping minimize risk. Are they excited about your business or new concept?

Budgeting 100

Budgeting Strategic Planning Document Pricing 100

Revenue Hub

FEBRUARY 13, 2023

Hotels are used to the same old KPIs as every business in the industry. Define the strategy Establish the hotel’s mission, vision, and goals by conducting one or several strategic planning meetings with stakeholders before setting plans and budgets for the next year.

Strategic Planning 98

Strategic Planning Article Definition Budgeting 98

Les Roches

SEPTEMBER 12, 2024

How to become an international business manager 12th September, 2024 In this article What is international business management? How much do international business managers make? That’s where the international business manager comes in. What is international business management? Let’s start with the basics.

Travel and Tourism 52

Travel and Tourism Communication Strategic Planning Marketing 52

Les Roches

DECEMBER 27, 2022

A Director of Business Operations is one of the most senior and important positions in business management and a great career option for those looking to take on more strategic responsibility in running a successful company. What does a Director of Business Operations do? Director of Business Operations responsibilities.

Communication 52

Communication Hospitality Management Strategic Planning Customer Service 52

Hotel Owner

FEBRUARY 12, 2024

The resort also achieved key new milestones in business development and sales revenue in 2023. Contracted positions exceeded expectations, reflecting growth over previous years and outperforming set budgets. The company has already secured substantial contracts for 2024, positioning itself for continued success in the coming year.

Strategic Planning 52

Strategic Planning Budgeting Business Development 52

Les Roches

JANUARY 18, 2024

Are you contemplating a career change or want to put your business degree to lucrative use? Have you considered the wide-ranging world of high-paying business degree jobs that can significantly increase your earnings? The intersection between business and hospitality can be a particularly rewarding area in which to work.

Accounting 52

Accounting Business Development Bookkeeping Marketing 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

But opening a hotel business , just like any new company, is more difficult than it might seem at first sight. The hotel business is highly competitive and achieving good financial results is not as easy as it seems. The challenge, however, lies more in the strategic and organizational areas of the business.

Definition 52

Definition Marketing Budgeting Article 52

Les Roches

JANUARY 19, 2024

Before embarking on a project in this competitive industry, it’s essential to create a solid business plan. This compre­hensive guide is de­signed to equip aspiring entre­preneurs with the necessary knowledge and tools to develop effective business plans for hotels. What is a hotel business plan?

Marketing 52

Marketing Accounting Book Procurement 52

STAAH

MAY 11, 2023

9) Affordable Prices Kerala offers a plethora of affordable accommodation options, making it an ideal destination for budget travellers seeking value for money without compromising on the beauty and hospitality of the state. Looking for a place to stay? Althaf leads revenue growth initiatives for accommodation providers across the country.

Travel and Tourism 98

Travel and Tourism Budgeting Business Development Strategic Planning 98

Les Roches

JULY 9, 2024

Tourism consultants play a key role in overcoming the complexities of this industry on behalf of businesses, from shaping the experiences of travelers to driving economic growth in destinations. In contrast, travel consultants offer specialized advice, strategic planning and tailored travel solutions.

Travel and Tourism 52

Travel and Tourism Strategic Planning Workshop Budgeting 52

SiteMinder

JULY 13, 2024

Table of contents Strategic revenue management in the hotel industry Now, more than ever, revenue management is the cornerstone of running a successful and profitable hotel. The growth of data that’s now readily available as well as the ways to track and analyse it provides a wealth of new opportunities for your business to turn a profit.

Pricing 98

Pricing Book Budgeting Marketing 98

Hotel Business

JULY 25, 2023

“Jason has been an integral part of our extended leadership team for many years and his promotion to this executive role is a natural fit given his business acumen, industry experience and ability to identify strategic investment opportunities that deliver value to our stakeholders,” said Geller.

Strategic Planning 52

Strategic Planning Budgeting Business Development Marketing 52

Revenue Hub

DECEMBER 1, 2022

By streamlining efficiency, improving pricing, and selecting the most profitable clients for group and contract business, revenue management systems save time and increase revenue for hospitality organisations. For example, the sales team is mostly volume-driven; they want to drive as much business as they can in order to fill the hotel.

Pricing 97

Pricing Marketing Information Strategic Planning 97

Modern Restaurant Management

JUNE 28, 2024

These obstacles highlight the need for strategic planning, education, and investment to successfully integrate AI into restaurant operations. With rising operational, labor, and food costs, it's now more important than ever for restaurant operators to find strategic ways to grow their business.

Pricing 117

Pricing Budgeting Marketing Maintenance 117

Les Roches

OCTOBER 23, 2023

In this article, we’ll look at what exactly is involved in becoming a sales and marketing director for a hospitality business and what your responsibilities might be. They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans.

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

Hotel Business

AUGUST 30, 2023

During his tenure as CFO, Dragisich enhanced and streamlined the company’s budgeting, forecasting and capital allocation processes, and led several major initiatives to support the company’s continued growth. “I’m confident he will help drive our growth and performance to the next level in this important new role.”

Strategic Planning 52

Strategic Planning Budgeting Reservations Marketing 52

Modern Restaurant Management

JANUARY 17, 2020

" Benihana Plans Franchise Expansion. announced a strategic plan to support the continued expansion of its business. The plan is centered around four key initiatives, which include: New restaurant development in the U.S.; Benihana National Corp. Select U.S. acquisitions; U.S. franchise development; and.

Multi-Unit Operations 136

Multi-Unit Operations Marketing Customer Service Strategic Planning 136

Serviced Apartments

JUNE 24, 2024

Chris Lyon, head of client services, SilverDoor said: “Navigating business travel and MICE programmes during major events requires strategic planning, flexibility and local knowledge. The post Summer ADRs boosted by sports, report shows appeared first on Serviced Apartment News.

Travel and Tourism 40

Travel and Tourism Strategic Planning Events Budgeting 40

Les Roches

JUNE 24, 2024

Hotel management companies play a crucial role in overseeing the day-to-day operations of hotels, ensuring exceptional guest experiences and driving business growth. The role may also involve aspects of marketing, sales, revenue management and strategic planning to increase profitability and competitiveness.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Revenue Projections Communication 52

Lithos POS

AUGUST 20, 2024

Get and update sales reports and inventory information online and ensure all important business information is available when needed. Simplify budgeting by simply matching payment and sales information, reducing administrative workload and improving accuracy.

POS Systems 52

POS Systems Information Blog Pricing 52

Les Roches

SEPTEMBER 3, 2024

This leads to positive reviews and repeat business and helps ensure that a hotel stays profitable. In essence, well-managed operations are the backbone of a successful hospitality business. The primary goal is to maximize operational efficiency, which directly impacts guest satisfaction. Why is managing hotel operations so important?

Travel and Tourism 52

Travel and Tourism Housekeeping Maintenance Guest Satisfaction 52

Les Roches

AUGUST 21, 2024

Duties include strategic planning, financial management and ensuring adherence to brand standards while monitoring and maintaining high levels of guest satisfaction. Their role also involves managing event budgets, negotiating contracts with vendors and handling post-event evaluations.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Events 52

Xotels Hotel Revenue Management

APRIL 3, 2024

In short, revenue management is a disciplined approach that aims to increase the revenue success of your business. Without a solid revenue management strategy, a hotel will just get lost in the pile of other hotels – being unable to reach satisfactory visibility and level of business to remain open.

Pricing 76

Pricing Book Marketing Information 76

Lithos POS

DECEMBER 19, 2023

Like all the business the business model also needs strategic planning to succeed. Management has a crucial role in the success of a business. Hierarchy of restaurant management To run your business without any complications you need a structure on your business.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

Les Roches

JULY 4, 2024

Understanding hotel management Managing a hotel or other tourism venue covers a broad range of roles and responsibilities, all of which are vital to the success of the business. Event planning and coordination From weddings and conferences to corporate meetings and special occasions, events play a significant role in the hospitality industry.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Events Hospitality Management 52

Les Roches

AUGUST 1, 2024

These businesses provide essential services and curate exceptional experiences that capture the essence of Dubai. Below, we will look at some top tourism businesses that help make Dubai a sought-after location. This includes everything from planning and budgeting to execution and post-event evaluation.

Travel and Tourism 52

Travel and Tourism Book Communication Reservations 52

Les Roches

DECEMBER 28, 2022

Digital transformation is a powerful tool that can help companies create more efficient processes and accelerate business growth. Digital transformation involves integrating technology into all areas of the business, changing how the organization operates, and ultimately improving the customer experience. Ready to find out more?

Book 52

Book Customer Service Information Concierge 52

Les Roches

JANUARY 11, 2024

To achieve long-term financial success, many businesses implement reve­nue growth strategies. Sales development representatives (SDRs) research and create new opportunities and schedule meetings, while business development managers (BDMs) focus on closing deals and generating revenue.

Definition 52

Definition Pricing Marketing Training 52

Les Roches

JANUARY 25, 2024

In the digital age, data can be the source of actionable insights, empowering businesses to make informed decisions that can shape lucrative strategies and create growth. Let’s look at the intriguing world of data analytics and it can be essential for any hospitality business. What is data analytics in the hospitality industry?

Competitive Analysis 52

Competitive Analysis Information Pricing Marketing 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? In short, a disciplined approach and thorough understanding of your property, its customers, and the market, it is key to driving the revenue success of your business.

Pricing 52

Pricing Book Budgeting Marketing 52

Synergy Suite

DECEMBER 5, 2023

Running a restaurant is a dream for many, but it’s also a business fraught with challenges. The term “Break-Even Point” may sound intimidating, but at its core, it’s a simple and crucial concept for any business, especially restaurants. ” What is the Break-Even Point?

Pricing 52

Pricing Information Marketing Budgeting 52

SiteMinder

FEBRUARY 14, 2024

Future-proofing the business Keeping abreast of trends enables hotels to adapt more swiftly to market changes, making them more resilient to disruptions such as economic downturns or shifts in consumer behaviour. When it comes to luxury vs budget travel , travellers are willing to spend more – where they see value.

Travel and Tourism 59

Travel and Tourism Marketing Catering Book 59

Les Roches

AUGUST 2, 2024

The top hotels in Dubai What it’s like to work in top hotels Different job roles in top hotels How to get roles in top hotels With over 17 million international visitors in 2023 ,Dubai is one of the key destinations globally for leisure and business travelers.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Training Hospitality Management 52