Revenue Hub

FEBRUARY 28, 2024

NB: This is an article from Triptease , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Let’s dive into what this means for your hotel’s budgeting strategies and how you can navigate these circumstances. However, with the shift to upfront payment models, the landscape has now changed.

Budgeting 108

Budgeting Article Marketing Book 108

Revenue Hub

SEPTEMBER 16, 2024

Traditional budgeting has long been the standard for financial control in the hotel industry, but these budgets become irrelevant far too quickly. Unlike static budgets, which are set once a year and quickly become outdated, rolling forecasts are updated monthly, allowing hotels to react to changes.

Budgeting 101

Budgeting Scheduling Article Marketing 101

Revenue Hub

FEBRUARY 15, 2024

The traditional budgeting approach is proving increasingly inadequate in today’s fast-paced and unpredictable market, where traveler behaviors, economic conditions, and competitive landscapes can shift in weeks. They can quickly pivot strategies in response to market fluctuations instead of remaining bound to an outdated budget.

Budgeting 109

Budgeting Article Pricing Marketing 109

Hotelogix

NOVEMBER 28, 2024

The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape.  Make market segmentation your strategic priority and watch your hotel thrive in today's competitive landscape. Book a Demo with Hotelogix PMS

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100

Revenue Hub

AUGUST 10, 2023

Budget concerns driven by rising inflation can affect leisure traveler’s plans – but the right strategy can help to ease those concerns. In this article, we will use insights from the survey to identify ways hoteliers can make a positive impact in easing traveler budget concerns. Consider the location and views of each room.

Budgeting 98

Budgeting Pricing Article Catering 98

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.

Budgeting 109

Budgeting Revenue Projections Article Maintenance 109

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.

Pricing 132

Pricing Guest Satisfaction Budgeting Definition 132

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. Is there a more agile and efficient method that better aligns with today’s rapidly changing landscape? Is budgeting critical in hotels?

Budgeting 106

Budgeting Information Article Events 106

Hospitality Net

SEPTEMBER 5, 2023

As the hotel industry prepares for its annual budget planning for 2024, we’re at a critical moment where technology and financial strategy blend together. This goes beyond simply setting aside funds for new digital tools; it’s about fully integrating technology into our financial and operational plans.

Budgeting 98

Budgeting 98

Hospitality Net

AUGUST 22, 2023

In a groundbreaking move that is likely to reshape the Indian hospitality landscape, Cozzet Hotels & Resorts has proudly unveiled its latest venture: the “ Cozzet Collection”. Cozzet Hotels & Resorts is affiliated with Cygnett Hotels & Resorts.

Budgeting 98

Budgeting Marketing 98

Hospitality Net

SEPTEMBER 26, 2023

One powerful approach that has been gaining momentum is “Zero-Based Budgeting” (ZBB). In this blog, we’ll dive into the concept of Zero-Based Budgeting and how it can reshape the financial landscape of hotels. It has gained even more popularity due to the unforeseen circumstances caused by the COVID-19 pandemic.

Budgeting 74

Budgeting Blog 74

Are Morch

MARCH 31, 2025

In the ever-evolving landscape of the hospitality industry, a new player has emerged, promising to revolutionize the way hotels operate and manage their finances: Artificial Intelligence (AI).

Budgeting 52

Budgeting 52

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.

Marketing 100

Marketing Book Budgeting Blog 100

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. As a result of recent U.S. Companies located outside of the U.S.

Budgeting 59

Budgeting Document Events 59

Modern Restaurant Management

MARCH 21, 2025

The landscape is only getting more difficult, as evidenced by name brands like TGI Fridays and Red Lobster closing locations around the country. Today, independent restaurants can and should tap into those same tools–without the massive corporate budget.

Back of House 88

Back of House Customer Service Budgeting Pricing 88

Hospitality Net

APRIL 8, 2025

As April marks the time when many hotel businesses are closing the books and set new budgets for 2025-26, it is crucial for leadership to adapt to the rapidly evolving landscape of innovative technology and trends that continue to (re)shape the future of hotels hospitality.

Budgeting 40

Budgeting Book 40

Modern Restaurant Management

MARCH 24, 2025

Brands that are growing have found ways to balance value with quality, whether through portion sizes, combo deals, or unique menu offerings that feel premium but remain budget-friendly. The fact that value is a top search criteria reflects the broader economic landscape.

Pricing 88

Pricing Budgeting Magazine Marketing 88

Revenue Hub

SEPTEMBER 9, 2024

In the beginning there has to be a budget. Without the budget we can’t have a rolling forecast. A detailed 12-month hotel budget that is compiled by the departmental managers, consolidated by the financial leader, and approved by the brand and ownership. Let’s say we budgeted a REVPAR in Jan of $150, Feb $140 and March $165.

Budgeting 108

Budgeting Article Scheduling Communication 108

Modern Restaurant Management

DECEMBER 15, 2021

While restaurants are busier in 2021, they’re still maneuvering amidst a shifting pandemic landscape and are more exhausted and exasperated than ever. Restaurants were under pressure long before the pandemic shifted the ground underneath them. And when they do, it is invariably either expensive, novice or both.

Marketing 197

Marketing Budgeting Information Pricing 197

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. The key here is in understanding the two types of advertising – traditional v.

Budgeting 189

Budgeting Training Scheduling Pricing 189

Boutique Hotel News

JANUARY 16, 2023

Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. This more positive outlook is also seen in business travel, which now promises a long-awaited rebound with more than half of global company travel budgets back to pre-pandemic levels. . BHN reports.

Pricing 246

Pricing Marketing Budgeting Training 246

Modern Restaurant Management

MAY 13, 2020

Each layer added to a digital landscape provides convenience, draws customers, and can even save money. For owners who already employ IT staff or work with an IT partner : Provide the budget and time necessary to successfully safeguard the restaurant and all of its digital infrastructure. But each layer also comes with risk.

POS Systems 212

POS Systems Server Download Budgeting 212

Modern Restaurant Management

MAY 16, 2022

“Restaurant managers need to be aware of the changing insurance landscape so that they can make informed decisions when selecting a policy,” she said. “However, this comes at a cost that the owner needs to factor into their budgets,” Moller notes. ” Steering Toward Better Insurance Benefits for Staffers.

Budgeting 208

Budgeting Special Events Events Maintenance 208

Hotel Owner

DECEMBER 2, 2024

His insights into the evolving role of technology, data, and guest experience provide valuable lessons for those in the hospitality industry seeking to navigate a rapidly changing landscape. Successful properties now view their food and beverage (F&B) operations as separate businesses with their own strategies and budgets.

Book 69

Book Budgeting Marketing Property Management 69

Revenue Hub

MARCH 12, 2025

As we settle into 2025, independent hotels and small hotel groups face a rapidly evolving pricing landscape. TREND #1 Sticker Shock: Get Ready for Price-Sensitive Travelers Inflation-weary travelers are watching their budgets more closely and demanding better value, especially those staying at economy and midscale properties.

Pricing 57

Pricing Article Book Budgeting 57

Modern Restaurant Management

JULY 9, 2024

percent compared to May 2023, potentially due to changing eating patterns and budget concerns, as well as the competition with winning promotions the previous year. Measure More Than Sales Significant changes in consumer behavior started well before the pandemic and have only persisted post-2020. For example, breakfast traffic is down 5.6

Pricing 189

Pricing Marketing Budgeting Communication 189

Modern Restaurant Management

SEPTEMBER 6, 2023

Without customer loyalty, it’s difficult to succeed in any business, particularly when you’re competing in a crowded landscape like hospitality. 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.

Marketing 196

Marketing Server Information Customer Service 196

Modern Restaurant Management

DECEMBER 29, 2022

Consumers who have a poor experience in one store are less likely to be forgiving when they have a tighter budget. Technology can ease the transition into a different restaurant landscape, but careful evaluation and implementation are key. Similarly, loyalty systems are likely to bring in business.

Budgeting 212

Budgeting 212

Hotel Owner

APRIL 11, 2024

To maintain competitiveness in the contemporary hospitality sector, it is not merely advisable to invest in search and metasearch advertising campaigns; it is essential to do so in a professional, performance-oriented manner, optimising investments and accurately allocating budgets.

Budgeting 52

Budgeting Book Reservations Marketing 52

Modern Restaurant Management

JULY 16, 2024

Cost conscious consumers are looking for budget-friendly options. How do high-profile restaurant closures affect the restaurant real estate landscape and the real estate market in general? High-profile restaurant closures impact the restaurant real estate landscape and the broader real estate market in several ways.

Budgeting 100

Budgeting Marketing Magazine 100

Revenue Hub

JANUARY 28, 2025

The Current Landscape: Complexity Overload Revenue management professionals are no strangers to complexity. For instance, they may ask, Are we at $250K compared to the $300K budget target? But this AI-human partnership hinges entirely on one fundamental requirement: data must be agent-ready.

Presentation 70

Presentation Pricing Article Budgeting 70

Revenue Hub

AUGUST 21, 2024

The competitive landscape in the luxury hotel sector requires these properties to employ a mix of traditional and digital marketing techniques, each meticulously tailored to resonate with high-net-worth individuals. Partnerships with Luxury Brands (5-8%) : Collaborations with luxury brands (e.g.,

Marketing 106

Marketing Budgeting Events Article 106

Hospitality Magazine

MARCH 22, 2023

Local hospitality operators are facing pressures due to inflation and staff shortages, but the industry is feeling confident in a pre-covid landscape. cents of every dollar dedicated of their food and beverage budgets at foodservice outlets compared to 37.2 cents pre-pandemic.

Budgeting 147

Budgeting Pricing Magazine Marketing 147

Modern Restaurant Management

DECEMBER 17, 2024

Brands that take this measured strategy approach will be able to effectively leverage AI’s transformative potential while avoiding the pitfalls of unrealistic expectations and unpreparedness in an increasingly AI-driven landscape.

Marketing 167

Marketing Pricing Customer Service Catering 167

Hotel Owner

NOVEMBER 1, 2024

The design reflects Woking’s railway history and local landscape, with materials sourced from local suppliers. The UK Autumn Budget includes employment tax increases that will significantly impact the hospitality industry, according to UKHospitality.

Budgeting 52

Budgeting Catering Events 52

Blue Magnet Interactive

OCTOBER 27, 2023

The landscape of the hotel industry in 2024 is evolving rapidly, with an unmistakable tilt towards the digital sphere. This article unravels the significance of each component of a well-balanced 2024 Hotel Marketing Budget and offers insights into how you can invest wisely. Most travelers start their journey with a search engine query.

Budgeting 52

Budgeting Marketing Blog Book 52

Horizon Hospitality

APRIL 22, 2024

It means that senior living sales professionals need a different set of skills to be successful in today’s senior living landscape. They must focus on the information that is relevant to each prospect’s level of care needs, budget, and communication preferences. What does this mean?

Information 130

Information Budgeting Communication Marketing 130