Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. Choosing the right OTAs to partner with requires research and strategic planning. Then this guide is all you need. 

Book 268

Book Budgeting Catering Strategic Planning 268

Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager.

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

Revenue Hub

JUNE 11, 2024

A Hotel Manager should be comfortable with using revenue management insights for strategic planning, including setting long-term goals, budgeting, and investment decisions. Read the full article at RoomPriceGenie The post Revenue Management from the Hotel Manager Perspective appeared first on Revenue Hub.

Strategic Planning 89

Strategic Planning Guest Satisfaction Article Pricing 89

Les Roches

JULY 9, 2024

Whether you are passionate about cultural exchange, sustainable development or strategic planning, working as a tourism consultant could be the right choice for you. The role of a tourism consultant Providing expert advice and strategic guidance to businesses, governmental and other organizations in the tourism industry.

Travel and Tourism 52

Travel and Tourism Strategic Planning Workshop Budgeting 52

Revenue Hub

MARCH 19, 2024

From this position a BI solution can slice and dice your wide variety of data for actionable analysis and insights, for more informed decision making and strategic planning. In time Lighthouse BI will also be able to integrate further with other financial BI and digital marketing management tools to create further efficiencies.

Strategic Planning 96

Strategic Planning Information Article Budgeting 96

SiteMinder

FEBRUARY 14, 2024

It enables: Market positioning and brand differentiation Adapting to trends allows hotels to position themselves strategically in a crowded market, highlighting unique selling points that resonate with current consumer interests. Otherwise they are combating inflation by choosing cheaper rooms or purchasing packages.

Travel and Tourism 59

Travel and Tourism Marketing Catering Book 59

Modern Restaurant Management

APRIL 4, 2024

That's one of takeaways in You Can't Market Manure at Lunchtime: And Other Lessons from the Food Industry for Creating a More Sustainable Company by Maisie Ganzler, chief strategy and brand officer of Bon Appétit Management Company. Why did you want to write this book and why now?

Book 196

Book Marketing Communication Strategic Planning 196

Modern Restaurant Management

SEPTEMBER 23, 2024

Operating a successful restaurant, let alone a portfolio of restaurants, is one of the most challenging businesses in the market. However, attorneys can provide value to clients in the strategic planning stages of a business, especially a restaurant.

Budgeting 100

Budgeting Strategic Planning Document Pricing 100

Les Roches

MARCH 8, 2024

Thorough research, strategic planning and meticulous preparation are essential to ensure a competitive application and gain admission to your desired program. Researching and shortlisting potential schools A crucial first step in the application process is to fully research the schools you are considering.

Strategic Planning 52

Strategic Planning Budgeting Travel and Tourism Hospitality Management 52

Hotel Business

JULY 25, 2023

He also leads the teams providing operational financial support for the vacation ownership segment, including sales and marketing, development and inventory and revenue management. In his new role, he will report directly to John Geller, president/CEO.

Strategic Planning 52

Strategic Planning Budgeting Business Development Marketing 52

SiteMinder

JULY 13, 2024

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The fluctuating demand, strong competition, and ever-changing e-commerce landscape in hospitality necessitate constant attention and strategic adaptation.

Pricing 98

Pricing Book Budgeting Marketing 98

Les Roches

AUGUST 21, 2024

Duties include strategic planning, financial management and ensuring adherence to brand standards while monitoring and maintaining high levels of guest satisfaction. Sales and marketing managers oversee marketing campaigns, promotions and advertising initiatives to increase the hotel’s visibility and market presence.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Events 52

Les Roches

SEPTEMBER 12, 2024

How they balance market differences, bridge cultural divides and keep their finances stable? They’re captains of multinational companies who make sure things run smoothly across a range of international markets. Morning: global updates and strategic planning Days usually start early to align with different time zones.

Travel and Tourism 52

Travel and Tourism Communication Strategic Planning Marketing 52

Revenue Hub

FEBRUARY 13, 2023

Define the strategy Establish the hotel’s mission, vision, and goals by conducting one or several strategic planning meetings with stakeholders before setting plans and budgets for the next year. Here are a few steps to link KPIs to strategy.

Strategic Planning 90

Strategic Planning Article Definition Budgeting 90

Les Roches

JUNE 24, 2024

The role may also involve aspects of marketing, sales, revenue management and strategic planning to increase profitability and competitiveness. Get the know-how for your own hotel management business Equip yourself to tackle market competition, cost management, and regulatory hurdles.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Revenue Projections Communication 52

7 Shifts

JULY 12, 2024

Semi-variable costs Semi-variable costs have both fixed and variable components, such as maintenance, repairs, and marketing expenses. As for marketing, focus on cost-effective strategies such as social media and email marketing. If you’re opening a new restaurant or branch, plan your initial inventory carefully.

Catering 88

Catering Maintenance Pricing Scheduling 88

Les Roches

JULY 4, 2024

From front office operations and housekeeping to food and beverage management, revenue optimization and marketing strategies, hotel managers have to oversee everything that happens in the hotel or resort. Students need to learn how to analyze market demand, set pricing strategies and use revenue management tools and techniques.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Events Hospitality Management 52

Les Roches

JULY 5, 2024

Resort development is a complex discipline, requiring meticulous planning, strategic design, procurement, construction, operations and marketing. This guide covers everything you need to know about resort development, from planning a resort to effectively managing a thriving destination.

Travel and Tourism 52

Travel and Tourism Resort Management Regulatory Compliance Concierge 52

Les Roches

SEPTEMBER 3, 2024

This requires efficient management of critical financial duties such as budgeting, forecasting, maintaining precise financial records, overseeing payroll and ensuring tax compliance. Accounts and finance A strong financial foundation enables a hotel to offer competitive pricing and improves the guest experience.

Travel and Tourism 52

Travel and Tourism Housekeeping Maintenance Guest Satisfaction 52

Modern Restaurant Management

JUNE 28, 2024

. “Both full-service and fast food restaurant customers are skewing a bit more toward higher income levels and college graduates,” says Forrest Morgeson, Associate Professor of Marketing at Michigan State University and Director of Research Emeritus at the ACSI.

Pricing 117

Pricing Budgeting Marketing Maintenance 117

Hotel Business

AUGUST 30, 2023

During his tenure as CFO, Dragisich enhanced and streamlined the company’s budgeting, forecasting and capital allocation processes, and led several major initiatives to support the company’s continued growth. He will oversee all of Choice’s brand segments, brand development, segment services and corporate development.

Strategic Planning 52

Strategic Planning Budgeting Reservations Marketing 52

Les Roches

AUGUST 1, 2024

Known for its personalized approach, Green Apple focuses on crafting bespoke experiences that cater to individual preferences and budgets. This involves market research, product development and ensuring high-quality standards. This includes everything from planning and budgeting to execution and post-event evaluation.

Travel and Tourism 52

Travel and Tourism Book Communication Reservations 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Always be ready to shift to any unexpected changes – being agile is what gets you ahead of the competition and allows you to be a market leader.

Pricing 52

Pricing Book Budgeting Marketing 52

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. It’s a competitive market out there, and we must grab every opportunity we can.

Pricing 82

Pricing Marketing Information Strategic Planning 82

Xotels Hotel Revenue Management

APRIL 3, 2024

This is done by thoroughly understanding your property, its customers, and the market. Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

Pricing 76

Pricing Book Marketing Information 76

Les Roches

JANUARY 25, 2024

Hotel industry players who can leverage data effectively gain valuable insights that can influence their strategic decisions, from setting room prices to designing hotel marketing strategies. This information then guides businesse­s in providing customized services and launching targe­ted consumer brand marketing campaigns.

Competitive Analysis 52

Competitive Analysis Information Pricing Marketing 52

Synergy Suite

DECEMBER 5, 2023

Variable costs, on the other hand, fluctuate with your sales and include expenses like food and beverage costs ( cost of goods sold, or COGS ), utilities, and marketing expenses. It acts as a financial safety net, helping you make informed decisions about cost-cutting or marketing strategies to weather downturns.

Pricing 52

Pricing Information Marketing Budgeting 52

Les Roches

JANUARY 11, 2024

When setting sales goals, you need to make sure they align with the overall business objectives, which means considering factors such as sale­s volume, customer acquisition, profitability and market share­. This will help dete­rmine appropriate pricing that covers expense­s while retaining a competitive­ position in the market.

Definition 52

Definition Pricing Marketing Training 52

Les Roches

JANUARY 19, 2024

The business plan is a roadmap, outlining important aspects such as market analysis, manage­ment structure, marketing plans, ope­rational strategies, and financial projections. Why do you need a hotel business plan? Why do you need a hotel business plan?

Marketing 52

Marketing Accounting Book Procurement 52

Les Roches

JUNE 26, 2024

Students learn about business topics such as accounting, economics, management and marketing as well as specific aspects of hospitality management. The program equips graduates with the skills needed to succeed in various roles in the hospitality industry, including hotel management, event planning and food service management.

Guest Satisfaction 52

Guest Satisfaction Front Desk Operations Travel and Tourism Hospitality Management 52

Xotels

NOVEMBER 23, 2023

From front-of-house functions like guest reception and concierge services to back-of-house operations like finance, and marketing, every facet of a hotel’s functioning falls under the umbrella of hotel management. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

From front-of-house functions like guest reception and concierge services to back-of-house operations like finance, and marketing, every facet of a hotel’s functioning falls under the umbrella of hotel management. Marketing: Attracting and retaining guests requires effective promotion and marketing strategies.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Les Roches

DECEMBER 27, 2022

Creating company budgets and monitoring finances to ensure financial targets are met across departments. Technical expertise depending on the industry you’re working in, for example in accounting, as a revenue manager , or a marketing specialist can be advantageous to help you fully understand and support businesses’ growth.

Communication 52

Communication Hospitality Management Strategic Planning Customer Service 52

Lithos POS

DECEMBER 19, 2023

Like all the business the business model also needs strategic planning to succeed. His duties include executing marketing strategies, recruitment, and hiring, ensuring food quality, staff training, and maintaining effective communication between the administrative team, kitchen staff, and front-of-house employees.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

Les Roches

JANUARY 18, 2024

These occupations include areas from finance and marketing to IT management and risk analysis. Primarily responsible for finding new market opportunities, they are rewarded with generous salaries. Let’s look at some of the roles you could consider with a business degree.

Accounting 52

Accounting Business Development Bookkeeping Marketing 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

Hotel Market Size & Opportunities. Pulling Everything Together: The Business Plan. 11 Steps of Putting Your Plan Together. Competitive positioning (how do you competitively price yourself in the market, evaluating your value-add and weighing it against your competitors). Marketing Experience. Facilities.

Definition 52

Definition Marketing Budgeting Article 52

Modern Restaurant Management

JANUARY 17, 2020

" Benihana Plans Franchise Expansion. announced a strategic plan to support the continued expansion of its business. The plan is centered around four key initiatives, which include: New restaurant development in the U.S.; Benihana National Corp. Select U.S. acquisitions; U.S. franchise development; and. cities. . "To

Multi-Unit Operations 136

Multi-Unit Operations Marketing Customer Service Strategic Planning 136