Revenue Hub

OCTOBER 19, 2022

The continuous training and uniform expenses that come along with skyrocketing turnover rates make operational budgets a challenge to get under control. One issue that has emerged post-pandemic is the widespread expectation of flexible work schedules – something that the hotel industry has yet to largely embrace.

Cost Reduction 98

Cost Reduction Scheduling Budgeting Training 98

7 Shifts

APRIL 3, 2020

Looking at each of them individually, here are simple ways to reduce your expenses for each cost category: Labor Your team is the backbone of your restaurant and your greatest asset, but is also typically your greatest cost. Have certain costs been reduced? Is there still more work to be done? Did you learn anything surprising?

POS Systems 147

POS Systems Cost Reduction Pricing Download 147

Revenue Hub

MAY 18, 2023

Competitive advantage: Cost control can also provide hotels with a competitive advantage. By reducing costs, hotels can offer better rates to guests, enabling them to better position themselves to budget-conscious travellers. This can help hotels attract more guests and compete more effectively with other hotels in the area.

Front Desk Operations 98

Front Desk Operations Cost Reduction Book Training 98

Synergy Suite

MAY 16, 2023

Cost Reduction and Waste Prevention By having better visibility into inventory levels and usage patterns, restaurants can identify opportunities to reduce waste and control costs. Budget Consider your budget when choosing your solution.

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Synergy Suite

NOVEMBER 30, 2023

Managing labor costs requires optimizing staff schedules, ensuring efficient staffing levels during peak hours, and monitoring employee productivity. Utility Costs Within the realm of indirect costs, utility costs play a crucial role in shaping the financial landscape of a restaurant.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Synergy Suite

DECEMBER 5, 2023

For instance, marketing costs can be grouped into variable costs, but only if you actually know how much of that marketing cost actually contributes to bringing a new customer in the door. It represents the portion of each sale that contributes to covering your fixed costs and ultimately, profit.

Pricing 52

Pricing Information Marketing Budgeting 52

Les Roches

JANUARY 11, 2024

Sales development representatives (SDRs) research and create new opportunities and schedule meetings, while business development managers (BDMs) focus on closing deals and generating revenue. By offering a range of choices to customers, they can select the package­ that best aligns with their nee­ds and budget.

Definition 52

Definition Pricing Marketing Training 52