Revenue Hub

NOVEMBER 17, 2023

In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. Here, we share five ways to improve budget accuracy and performance in uncertain times. So, we’re able to be more aspirational,” he said. That is absolutely critical.”

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Budgeting Article Strategic Planning Accounting 109

Revenue Hub

NOVEMBER 14, 2023

In the second of our series on the budget approval process, we are looking at specific areas to look at which can ease the approval process and ensure a more accurate budget and a profitable following year. Using this information is crucial to improve performance.

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Budgeting Events Article Presentation 108

Revenue Hub

OCTOBER 13, 2023

Planning a hotel budget is a critical task that ensures the smooth operation and financial health of your hotel. This guide will walk you through the essential steps, best practices, and expert advice to help you create a robust hotel budget. Without a budget, you risk financial instability and inefficiency.

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Budgeting Revenue Projections Article Maintenance 109

Modern Restaurant Management

MARCH 18, 2025

This shift highlights the growing reliance on social media for information, making it crucial for restaurants to engage with this audience where they are. This presents restaurants with an opportunity to offer smaller, snack-sized portions that satisfy emotional needs while remaining budget friendly.

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Budgeting Presentation Information Pricing 128

Modern Restaurant Management

FEBRUARY 12, 2025

They’re comfortable telling technology pertinent information about themselves and then allowing technology to do the work on their behalf. The workforce has changed; the game has changed, and it's affecting your ability to effectively hire for your restaurant. Said another way: they don’t search.

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POS Systems Server Budgeting Information 132

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

MARCH 11, 2025

Asia-Pacific hoteliers forced to diversify their markets post-pandemic with the reduction in Chinese travelers know the importance of a dynamic and adaptable data-informed digital marketing strategy. Read the full article at Cendyn The post Maximize Digital Marketing Performance with Data Strategies appeared first on Revenue Hub.

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Modern Restaurant Management

JUNE 10, 2020

What You Can Do with Your Marketing Budget. Budgeting is a tricky one at this time. Should you cut your marketing budget or keep it the same as it was? If you can justify keeping your marketing budget where it is then do so. Although you should examine how your budget is spent. Focus on Digital Marketing.

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Marketing Budgeting Blog Book 207

Hotelogix

JANUARY 19, 2025

Standing out doesn’t require an enormous budget or complex tools, it requires the right strategy and the essentials like SEO to boost visibility, reviews to build trust, and technology to streamline operations. Unprofessional Photography: Dark, blurry, or poorly staged photos can deter even the most budget-conscious travelers.

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Marketing Book Budgeting Blog 100

Modern Restaurant Management

JUNE 1, 2022

As the prices of construction materials skyrocket due to rising inflation and supply chain woes, budgeting for commercial development has become significantly more challenging. It isn’t just the higher price tags, but the difficulty of sticking to budget constraints over the life of a project. Acceptable Alternatives.

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Budgeting Maintenance Pricing Back of House 208

Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. If your property features budget rooms, collaborate with OTAs frequented by travelers seeking such rooms. This practice will help you make an informed decision while selecting the right OTAs for your hotel.  Don’t miss this BIG opportunity.

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Book Budgeting Catering Strategic Planning 268

Hotel Owner

FEBRUARY 25, 2025

When the Autumn Budget 2024 was announced, the impact on the hospitality sector was immediately clear. Staffing efficiency is critical The Budget hits employment costs the hardest, so this is the primary area hoteliers have been looking at. For more information contact Guestline. Heres what hoteliers are saying.

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Modern Restaurant Management

FEBRUARY 27, 2023

Businesses can run promotions, such as early bird specials, to attract budget-conscious diners and use an email database to get the word out. Use creativity to market a restaurant on a limited budget. Make Frequent and Informed Labor Decisions Labor has a major impact on any restaurant’s cash flow.

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Bookkeeping Budgeting Scheduling Accounting 189

Hotelogix

NOVEMBER 28, 2024

Focus your efforts and marketing budgets accordingly. Improved Guest Experience: Guests get real-time confirmation and accurate information about availability. Use your channel manager to integrate with your website and drive traffic there. Monitor Performance Regularly- Check which platforms generate the most bookings.

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Book Property Management Reservations Pricing 130

Revenue Hub

FEBRUARY 18, 2025

Without understanding which guest segments are most profitable, hotels target the wrong audiences, misallocate their marketing budgets, and miss critical opportunities to boost revenue and profit. Event-Driven Guests: Their needs are tied to specific events, such as conferences or weddings, which can dictate seasonal demand patterns.

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Travel and Tourism Accounting Article Book 91

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.

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Marketing POS Systems Budgeting Events 188

Revenue Hub

NOVEMBER 13, 2024

Paid Search advertising with the best combination of bid and budget, relevance to the search, historical performance, and other factors will win the auction, appearing on the search engine results page (SERP). If a Paid Search ad does not perform well in the auction, it will not appear in the SERP.

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Article Budgeting Communication Information 109

Hospitality Magazine

JULY 26, 2023

“Small businesses have shown resilience in the face of interest rate rises and high inflation but while household budgets are tight at the moment, we encourage Australians to continue supporting small businesses in their communities in whatever way they can.”

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Budgeting Information Magazine 246

Modern Restaurant Management

SEPTEMBER 1, 2021

The trends the industry had in 2019 toward improved tech stacks, better reporting, and streamlined operations can’t wait any longer, and restaurants are finding the budget to put toward technology again. Bringing your data into a single data warehouse lets you make quick, informed decisions about what matters most to your business.

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Scheduling Communication Sanitation Information 245

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. Include such information in the footer to appear wherever visitors go on the website and make a dedicated page with contact details. Optimize the Website for Search and Usability.

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Marketing Budgeting Communication Information 203

Modern Restaurant Management

NOVEMBER 16, 2021

Enter the cloud, which helps restaurant operators deliver services and make informed business decisions based on up-to-date data, right here, right now. Same thing with locations – which ones are turning a profit or are draining the budget? Time to Get Your Head in the Cloud. Bottom line?

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Server POS Systems Information Back of House 203

Hotelogix

APRIL 11, 2025

Understanding these taxes helps travelers budget more effectively and avoid surprises when they check out. 👉 Read Also - Why Every Hotelier Should Join a Hospitality Association Tips for Overcoming Challenges Stay Informed: Regularly check local government websites for updates on tax laws. Request a Demo With Hotelogix PMS

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Travel and Tourism Budgeting Information Events 100

Modern Restaurant Management

MAY 1, 2023

First, they typically store significant customer and employee data, including names, addresses, and credit card information. Cybercriminals use a variety of tactics to target restaurants, including: Phishing attacks : Phishing attacks involve sending fraudulent emails or messages to trick employees into providing sensitive information.

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POS Systems Information Customer Service Budgeting 203

InnQuest

FEBRUARY 1, 2023

With many businesses and individuals struggling financially, hotel managers must be mindful of their pricing and consider offering discounts and deals to attract budget-conscious guests. Prepare for a Changing Economic Climate Hotel managers must also be aware of the changing economic climate.

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Pricing Book Information Budgeting 221

Modern Restaurant Management

JULY 21, 2020

With the demanding day-to-day of the industry, marketing can sometimes be passed over for more pressing needs – especially by smaller restaurants with tighter budgets. For those less familiar, QR codes are a type of barcode readable by mobile devices that direct people to a web page or site with more information. The best part?

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Marketing Sanitation Communication Budgeting 208

Larry Mogelonsky

JANUARY 27, 2025

but that they often cant glean critical information about the people their buildings serve by being on the ground with them over the course of years or decades after opening. A Direct, Decades-Long Relationship with Customers Many developers are incentivized to have a build it and leave it mentality.

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Events Guest Satisfaction Maintenance Information 130

Modern Restaurant Management

SEPTEMBER 21, 2023

Or, if you want information about another city, state, or country, you just need to enter the desired location, like “restaurants in Orlando.” Compared to other advertising forms, like TV or radio ads, local SEO can be a more budget-friendly option for businesses with limited funds. You can do this by mail, phone, or email.

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Information Special Events Budgeting Marketing 203

Modern Restaurant Management

JANUARY 5, 2023

Businesses took their money from traditional marketing budgets and shoved it into digital. As the internet shifted from a place where people went to find information to a place where people went to be entertained, more advertising options opened up. Know Your Numbers. Keep in mind, direct mail never stopped working.

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Budgeting Marketing Pricing Information 192

7 Shifts

OCTOBER 28, 2024

How to calculate your restaurant customer acquisition cost (CAC) As a business owner, understanding CAC is important if you want to make informed decisions about your marketing investments. If you run a burger joint near a college campus, you could create social media content and promotions tailored to students' preferences and budgets.

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POS Systems Marketing Budgeting Information 78

Modern Restaurant Management

JULY 13, 2022

Differences in manpower, brand recognition, technology and marketing budgets have all presented significant challenges for single location restaurants to compete for market share. Even in the best of times, it’s mostly been an uphill battle for single location restaurants to compete with chain franchises. Direct Delivery.

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Download Marketing Presentation Information 214

Hotelogix

JANUARY 30, 2024

Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis. These custom reports keep you continuously informed about the various aspects of your hotel's operations.

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Housekeeping Reservations Information Budgeting 147

Hospitality Magazine

SEPTEMBER 16, 2024

It can be hard to find reliable information about starting or progressing a hospitality business when there is an abundance of advice out there, especially on social media. It provides users with budgeting tools, automated savings plans, access to financial counsellors, and educational content on managing finances.

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Pricing POS Systems Training Budgeting 231

Modern Restaurant Management

SEPTEMBER 6, 2023

With the right consumer marketing solution, your restaurant can focus its efforts and budget on high-value customers, instead of those who’ve already churned. Data enables your restaurant to offer personalized incentives and serve up recommendations for additional menu items based on order history. No Marketing Staff? No Problem.

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Marketing Server Information Customer Service 196

Modern Restaurant Management

FEBRUARY 1, 2023

Traditional job advertising allows you to have a fixed budget while using old job data to inform decisions as to where to post your jobs. So, when your budget is declining, your job bids become scarce and can become lost in the sea of the internet. programmatic – and decide which is the best fit for your organization.

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Budgeting Training Scheduling Pricing 189

Modern Restaurant Management

MARCH 22, 2024

During a recall, the biggest challenge for restaurants is getting complete, accurate information from their suppliers and passing it along to all their locations. During a recall, your team should: Gather comprehensive information. Provide the information they need to take appropriate actions. Act quickly.

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Communication Training Information Budgeting 188

Modern Restaurant Management

JUNE 30, 2021

As of June 21, 2021, the SBA has informed over 2,900 applicants that their grant approval has been rescinded and that they will no longer be receiving funds. FDA Announces $134M Budget Increase : On June 7, 2021, the FDA released its Fiscal Year 2022 budget outlining key investments for food safety.

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Budgeting Kitchen Operations Accounting Article 189

Modern Restaurant Management

APRIL 10, 2024

For example, operators can boost value perception and satisfaction by implementing a barbell strategy—appealing to budget-conscious consumers looking for affordable meals as well as giving high-end customers, who are willing to pay a premium, additional options to add on.

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POS Systems Back Office Operations Pricing Budgeting 196