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What Do Guests Think About Dynamic Pricing?

Modern Restaurant Management

Dynamic pricing would add friction to the guest experience, according to Capterra’s 2023 Dynamic Pricing in Restaurants. Sixty-five percent of consumers say dynamic pricing would make the decision of where and when to eat more difficult; 63 percent say it would make it harder to budget their restaurant spending.

Pricing 198
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Hotel Budgets: Things to Keep in Mind When Budgeting for 2023

Revenue Hub

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

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Increased spirits tax hits industry hard

Hospitality Magazine

The tax has risen by more than 20 per cent since the onset of the pandemic and has been increased 75 times since Paul Keating introduced automatic indexation in his first Budget as Treasurer in 1983. Sometimes venues have no choice but to pass on these costs by increasing their prices.

Pricing 246
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The tech innovations helping hospitality run smoothly

Hospitality Magazine

From cyber security, tipping, and payment solutions to financial wellbeing, practical business advice, and produce price tracking, technology innovators are helping each part of the industry run more effectively and efficiently. Its new price tracking feature allows purchasers to access real-time pricing across 4,000 items and suppliers.

Pricing 231
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Everyone Is Feeling the Impact of Inflation

Modern Restaurant Management

In response, consumer searches for budget-friendly dining and grocery options are higher than Q3 2021. “Yelp data shows that food businesses and restaurants across the country have seen some of the highest increases in inflation mentions,” Pria Mudan, data science leader at Yelp, told Modern Restaurant Management (MRM) magazine.

Budgeting 182
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Master Sommelier Adrian Filiuta launches Hunters Hill Wine Room

Hospitality Magazine

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 store is stocking a range of both local and international wines that will constantly evolve as well as more unique drops from South America, Sicily, Portugal, and Hungary.

Budgeting 244
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Hotel budgets: things to keep in mind when budgeting for 2023

STAAH

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.