Revenue Hub

NOVEMBER 8, 2023

NB: This is an article from Travelboom Hoteliers understand the importance of budget season, but often dread dealing with the details. Conversion Metrics: Is your website driving bookings, leads, quotes, and/or other success events? Some may not even know where to begin. SWOT Analysis for Hotels Do you have a hotel SWOT analysis?

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Budgeting Marketing Customer Service Article 104

Revenue Hub

OCTOBER 2, 2023

NB: This is an article from Demand Calendar Whether they run luxurious resorts or small bed-and-breakfasts, hotel companies spend considerable time and effort creating annual budgets. Let’s start with the steps in budgeting for hotels. Is budgeting critical in hotels? This process is meticulous and time-consuming.

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Budgeting Information Article Events 104

Revenue Hub

SEPTEMBER 5, 2023

Planning the budget for your hotel is crucial for financial success. Subscribe to our weekly newsletter and stay up to date In this guide, we’ll break down everything you need to know about budgeting with revenue best practices in mind. You’ll need to address problem areas in your 2024 hotel budget. Let’s dive in!

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Budgeting Accounting Pricing Article 106

Revenue Hub

OCTOBER 10, 2024

Setting the right event minimums is crucial for ensuring profitability while maintaining customer satisfaction when managing events. Event minimums are nothing new, but determining the amounts can be challenging. Let’s explore how you can effectively establish event minimums and streamline the process.

Pricing 109

Pricing Events Catering Maintenance 109

Hospitality Magazine

MARCH 27, 2024

And while each wine has been meticulously selected, bottles at Hunters Hill Wine Room cover a wide range of price points to suit every budget. The venue will also host winemaker events for guests to expand their knowledge as well as weekly wine tastings.

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Budgeting Pricing Events 244

Hotel Owner

AUGUST 22, 2023

EasyHotel has reported a rise in occupancy levels in 2023 in light of multiple sports events across Europe. According to the budget hotel chain, the most significant boost to occupancy levels came from the FA Cup match between Manchester City and Arsenal in January 2023, where a 117% surge in occupancy was recorded against the prior year.

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Events Budgeting Marketing 96

Revenue Hub

SEPTEMBER 18, 2024

As a hotelier, you’re always looking for ways to attract more guests, boost bookings, and get the most out of your marketing budget. With endless options for online advertising, deciding where to focus your efforts and budget can feel overwhelming. What’s their purpose for travel—business, leisure, or special events?

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Budgeting Marketing Article Special Events 93

Hospitality Net

OCTOBER 14, 2024

Budgeting is like training for an Olympic marathon. Days are spent creating a plan to address weaknesses, build on strength and endurance, and hedge against unfortunate events. Money is earmarked for activities that hopefully will generate income or sponsorships to procure better equipment.

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Budgeting Procurement Training Events 75

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. " 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. "Consistency is key.

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Marketing POS Systems Budgeting Events 188

Revenue Hub

OCTOBER 21, 2022

Wondering if it’s even possible for non-branded properties without massive marketing budgets to beat the OTAs at their own game, and drive more bookings to their website? NB: This is an online event conceived and produced by Jurrnee. Event Replay] appeared first on Revenue Hub. If so, how?

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Book Events Budgeting Marketing 98

Revenue Hub

AUGUST 28, 2024

Event and group planning within the hospitality sector mirrors these seasonal trends. No Rest for the Weary January witnesses an upswing in new event requests almost immediately after the holiday decorations come down. Convergence This heightened January planning activity presents a golden opportunity for event professionals.

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Events Scheduling Catering Book 96

Revenue Hub

MAY 15, 2024

Today’s hotel and event salespeople work in completely different environments than most of their leaders experienced. Meeting and event booking sites have created a flood of leads, which can be overwhelming for those working in a sales role equipped and staffed for the era when leads came in by phone or website inquiry forms.

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Events Book Training Budgeting 104

Revenue Hub

OCTOBER 28, 2022

NB: This is an online event conceived and produced by Jurrnee. During the event, you’ll learn: Can smaller properties, with smaller budgets and fewer distribution channels, be as effective at managing reputation management manually, compared to the results obtained by a solution? Event Replay] appeared first on Revenue Hub.

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Events Budgeting Business Development Book 98

Modern Restaurant Management

SEPTEMBER 28, 2020

There are several areas to focus on when creating an effective marketing plan , regardless of what your budget may be. If you have a much larger budget, you can expand your target audience to create awareness within different demographics and regions. The first step to building this plan is identifying your target audience.

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Competitive Analysis Special Events Training Budgeting 221

Revenue Hub

MAY 11, 2023

However, it wasn’t just trips that were canceled ad nauseam over the course of the pandemic – it was also groups and events. Now, in the wake of the pandemic, we are not only seeing “revenge travel”; we are witnessing revenge events. Finally, the appetite for in-person events is, once again, omnipresent – if not insatiable.

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Events Pricing Catering Book 98

Modern Restaurant Management

MAY 16, 2022

. “Some of the key issues facing gig/contingent/delivery workers include liability for accidents or injuries that may occur on the job, as well as loss-of-income coverage in the event that a gig worker is unable to fulfill their obligations.” ” Covid Issues Still on Front Burner. with many having to shut their doors. .

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Budgeting Special Events Events Maintenance 208

eHotelier

FEBRUARY 7, 2023

Hawks Cay Resort, home to the largest meeting and event space offering in the Florida Keys, appointed Kaila Nasci as director of catering and Morgan Cox as catering sales manager. Together, Nasci and Cox will manage catering contracts, budgets, suppliers and logistics for the largest resort in the Keys.

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Catering Budgeting Events 130

MEWS

OCTOBER 12, 2023

The MICE industry, also known as the Meetings and Events sector, is vastly important for the hospitality industry. Hotels equate it with high profits, since MICE guests usually spend a good part of their budget within the hotel's premises. Banqueting, room service, hotel bar and restaurants all profit from this sector.

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Budgeting Events 130

Modern Restaurant Management

OCTOBER 1, 2022

Let’s look at low-budget restaurant marketing ideas to succeed in inflationary times. Three Tips to Promote a Restaurant on a Low Budget. From email promotions to UGC and influencers, digital marketing provides tools for various budgets. Restaurants, in turn, have to deal with skyrocketing prices on products and fuel.

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Marketing Budgeting Communication Information 203

Modern Restaurant Management

JANUARY 9, 2024

What stage of growth are you in and do you have the budget to fund traditional advertising? Create invite-only events and capitalize on seasonal trends, especially as it relates to food and local experiences. Cross-selling partnerships within the neighborhood, like when the local butcher promotes a nearby wine store.

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Pricing Budgeting Marketing Catering 193

Boutique Hotel News

JANUARY 16, 2023

Rising costs spur budget increases . Eighty-one per cent in total say their budget will rise, including 26 per cent who predict it will increase significantly. Only around one in six travel managers (15 per cent) believe their budget will decrease. Travel buyers also plan events . Supplier takeaway. Supplier takeaway.

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Budgeting Download Events Pricing 130

Modern Restaurant Management

DECEMBER 9, 2024

Inviting regulars and key influencers in town to experience the pop-up first will encourage them to not only to post about the event but also to create the initial momentum needed to garner interest from the general public. Identify opportunities that might have been missed by competitors due to budget or creativity and capitalize on those.

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Budgeting Marketing Magazine Events 166

Hotelogix

JULY 18, 2024

Update forecasts regularly: This will help you understand the latest market trends, booking patterns, and external factors such as economic changes or seasonal events. Improved hotel budgeting: Forecasting helps create more accurate budgets by predicting revenue and expenses more precisely. How do we Forecast Hotel Occupancy?

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Guest Satisfaction Budgeting Book Pricing 130

Revenue Hub

FEBRUARY 22, 2024

Yet, the reality of wading through many that just don’t fit—be it because of budget constraints, space incompatibilities, or timing issues—can be disheartening. On the flip side, event planners are often in a tough spot too. But it’s not just about technology. There’s a personal element here too.

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Budgeting Events Article Information 109

Modern Restaurant Management

APRIL 13, 2021

Location Based Services , which allows you to tailor your message to events occurring in those hyper local geographic locations including weather, transportation, and vicinity to friends. Remember that digital marketing involves a learning curve and outsourcing to professionals is often a safe bet if you have the budget.

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Budgeting Marketing Document Reservations 196

Modern Restaurant Management

NOVEMBER 12, 2024

Sadly, these events are only becoming more frequent; in 2023 alone, the U.S. With extreme weather events ranking as one of the most significant risks to businesses by the World Economic Forum , now marks a critical time for restaurant owners and operators to evaluate their preparedness strategies.

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Training Communication Information Events 186

Revenue Hub

AUGUST 21, 2024

NB: This is an article from Americas Great Resorts Subscribe to our weekly newsletter and stay up to date We explore how luxury hotels allocate their marketing budgets, the challenges they face with standard marketing options, and some innovative, out-of-the-box marketing ideas to stay ahead in this competitive industry.

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Marketing Budgeting Events Article 103

Modern Restaurant Management

SEPTEMBER 22, 2022

Stay informed about current events and industry trends. A key takeaway is to stay informed about current events (e.g., climate change, the Ukraine/Russia war), learn how these events may impact our industry (e.g., COVID caught the world by surprise, and we were reactive – instead of proactive – in our response.

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Events Information Budgeting 212

Hotelogix

NOVEMBER 28, 2024

Whether it's business travelers seeking efficiency, luxury seekers craving unique experiences, or budget-conscious families planning their vacations, each group has distinct needs and preferences that present unique revenue opportunities.

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Marketing Guest Satisfaction Book Budgeting 100

Revenue Hub

NOVEMBER 28, 2024

While this approach can maximize profits, it’s not without challenges, particularly as it draws comparisons to industries like ride-sharing and event ticketing, where similar strategies have triggered regulatory scrutiny. Conversely, they can attract budget-conscious travelers during off-peak periods by offering lower rates.

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Pricing Travel and Tourism Article Budgeting 108

InnQuest

AUGUST 8, 2023

During peak seasons like holidays, festivals or local events, the demand for accommodations tends to surge. On the other hand, during off-peak seasons when demand is low, hotels can offer more attractive pricing, attracting budget-conscious travelers who might have otherwise chosen alternative accommodation options.

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Pricing Guest Satisfaction Blog Budgeting 220

Lodging Magazine

DECEMBER 20, 2022

The collaboration reports insights to help industry professionals understand what meeting planners and event managers expect and will prioritize in 2023. Cost leveling, the return of business travel, and budget increases will support the recovery’s home stretch. […].

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Budgeting Events Magazine 104

Modern Restaurant Management

OCTOBER 22, 2021

There are handy tips on targeting parameters, demographic targeting, and even budget optimization for your campaign. Why not combine the power of Facebook Ads with a free event? Consider building an event around a particular theme, such as Christmas, Independence Day , or Halloween. Don't sell yourself short on this.

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Scheduling Events Blog Marketing 197

7 Shifts

JULY 22, 2022

Schedule smarter, keep your labor budget in control, and ensure you have the right number of staff each day this summer, rain or shine. Outdoor dining, bar, and event spaces that open in the summer come with an added scheduling challenge. Special Events. Event management. Assign Stations. Communications.

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Scheduling Document Special Events Communication 156

Modern Restaurant Management

JANUARY 15, 2024

Chicken, especially, has reached a high price point, so operators will need to spend extra time managing their budget to be able to order ample amounts of chicken to serve the highly-coveted chicken wings on Super Bowl Sunday. Are there ways for a restaurant operators to simplify to better execute orders on the day of the event?

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Catering Pricing Back of House Events 208

Hotel Owner

OCTOBER 17, 2023

While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options. and budget hotels at £108.70. This gap has widened, with luxury hotel prices 268% higher than budget hotels in July 2023, compared to the pre-pandemic peak season at 244%.

Budgeting 98

Budgeting Events Reservations Marketing 98

Revenue Hub

JULY 2, 2024

The RFP (Request for Proposal) process helps event planners find the right venue for their group events. Here’s how it works: The event planner starts the process by specifying their event requirements, such as the number of attendees, dates, meeting room specifications, audiovisual needs, accommodation, catering, and budget.

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Events Accounting Pricing Article 106