Revenue Hub

APRIL 22, 2024

The absence of marketing at key points in a traveler’s booking journey due to budget restrictions should be recognized for what it is—opportunity cost. Your marketing and distribution alarms should be firing – this is the most critical time for your property to be present in the booking journey. Opportunity maximized.

Budgeting 109

Budgeting Book Presentation Marketing 109

Hotel Business

JUNE 28, 2023

The overall price of lodging has climbed 23.6% won’t let rising prices stop them, with a majority (77%) planning to dip into their savings this year to travel. When determining the budget for their trips, 37% are most likely to plan a low budget trip with 47% likely to plan a moderate budget trip.

Budgeting 105

Budgeting Pricing Book Presentation 105

Revenue Hub

JUNE 10, 2024

You can price the subscription plans based on your location, the amenities you offer and a handful of other key factors. But don’t be fixated on a price, remember flexibility is the key. Guests research, compare prices and book a room for a specific duration.

Pricing 98

Pricing Book Article Budgeting 98

Hospitality Magazine

JULY 10, 2023

The Hospitality Leaders Summit returns to Melbourne in less than 3 weeks – and time is running out to secure two tickets for the price of one. The Hospitality Leaders Summit will also offer delegates a lesson in menu planning with Ian Curley, who will reveal how he balances budget with creativity. So what are you waiting for?

Menu Planning 100

Menu Planning Presentation Budgeting Training 100

EATER

SEPTEMBER 11, 2024

Lille Allen Six chefs and restaurant owners from across the country explain why restaurants feel so expensive right now, and how they’re coping with high prices and customer complaints Dining out involves calculating the intangible: What is hospitality worth to you? Or maybe the answer just keeps shaking out in one direction. Was it worth it?

Pricing 145

Pricing Definition Front of House Server 145

Modern Restaurant Management

NOVEMBER 24, 2020

Restaurant owners are being forced to find a way to make it through winter with vastly reduced revenue, and many operators are scrambling to reallocate budgets and manage staffing to survive COVID-19. Plan for Gaps in Your Budget. That said, restaurants didn’t have COVID-19 written into their budget at the beginning of 2020.

Budgeting 230

Budgeting Communication Training & Development Marketing 230

Hotel Owner

OCTOBER 17, 2023

The investment is priced attractively and at the quoted price it is also substantially underpinned by its vacant possession value.” With an Average Daily Rate (ADR) of £69, Newcastle has the lowest ADR of all the regional markets, presenting an attractive proposition for budget-friendly overnight stays.

Marketing 96

Marketing Budgeting Pricing Presentation 96

Modern Restaurant Management

JANUARY 15, 2024

Is inflation still driving wing prices? The price of many staple items is continuing to increase throughout the beginning of this year. The Super Bowl is one day, however, the increased traffic flow from dine-in and carry-out presents a huge opportunity to increase repeat business in the preceding weeks.

Catering 208

Catering Pricing Back of House Events 208

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. Supplier takeaway. Travel managers have new needs when sourcing hotels .

Budgeting 130

Budgeting Download Events Pricing 130

Revenue Hub

MAY 2, 2024

A handful of multi-brand conglomerates are now dominating the market across segments from luxury to budget. Often, specialized brands may struggle against more traditional offerings, as customers may overlook or not fully appreciate a brand’s uniqueness and positioning; and solely compare properties based on price.

Article 101

Article Pricing Marketing Customer Service 101

Revenue Hub

JULY 12, 2024

Strategic distribution means hotels can minimise the impact of seasonal fluctuations while accessing real-time market data to inform pricing strategies swiftly, ensuring competitive advantage.

Book 62

Book Pricing Article Budgeting 62

MBB Hospitality

NOVEMBER 23, 2019

Now that you’ve decided to open up your restaurant, you’ll have to determine pricing for all the delicious items you’ll sell to patrons. The right menu pricing strategy is essential for attracting customers and establishing a reliable client base. Pricing Based On Competition. Not Informing Staff About Marketing Efforts.

Pricing 52

Pricing Information Front of House Communication 52

Revenue Hub

NOVEMBER 9, 2023

NB: This is an article from Topline Revenue , one of our Expert Partners Yet, group bookings present a unique challenge. Each has its own demands, booking patterns, and budget constraints. Step 2: Strategic Pricing and Inventory Management Now it’s time to dive into pricing and inventory management.

Book 103

Book Pricing Guest Satisfaction Article 103

Modern Restaurant Management

APRIL 24, 2023

Offer a Fixed-Price Catering Menu Inclusive of Desserts The catering menu needs to be very clear on what is included in each package, and we try to wrap as much into those orders as possible. What we do is just include dessert with our catering and we build it right into the price. And you’re getting them for free!).

Catering 197

Catering Pricing Server Marketing 197

Revenue Hub

JULY 13, 2023

Through this analysis, they may discover that their competitor offers higher-priced menu items. This presents an opportunity for Hotel 1 to increase its prices, thereby boosting its revenue while still remaining competitive.

Competitive Analysis 98

Competitive Analysis Pricing Article Budgeting 98

InnQuest

SEPTEMBER 12, 2023

This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Financial Management: Effective financial management involves budgeting, revenue tracking, cost control and financial reporting. Continuously monitor and adjust pricing strategies to maximize profitability.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

Revenue Hub

MAY 15, 2024

Self-serving “thought leaders,” employed by tech companies, offer blogs and conference presentations pushing automation RFP responses and AI-powered prospecting, leading to generic, spammy-feeling sales correspondence. Read on for training tips from KTN’s sales training programs and my conference presentations.

Events 102

Events Book Training Budgeting 102

Modern Restaurant Management

OCTOBER 13, 2022

Just as restaurants were on the path toward recovery after COVID-19 closures and safety restrictions, the current economic conditions continue to present challenges for the industry. These numbers may be troubling, but to address these issues, restaurants must focus on providing the best service they can within their budgets.

POS Systems 180

POS Systems Download Pricing Budgeting 180

Revenue Hub

NOVEMBER 9, 2022

This article discusses the three most important strategies hotel revenue managers must use to boost revenue and how a revenue management system (RMS) is being used to forecast demand and automatically perform dynamic pricing. Dynamic pricing. For this reason, it is sometimes referred to as time-based pricing. Key takeaways.

Pricing 87

Pricing Competitive Analysis Article Book 87

eZee Absolute

MAY 13, 2024

They unlock valuable insights into guest behavior, pricing trends, and competitor data. An RMS is a comprehensive software solution designed to analyze various data points, including historical booking patterns, market demand, competitor pricing, and other factors that influence revenue generation for your hotel.

Pricing 52

Pricing Book Reservations Budgeting 52

Revenue Hub

MARCH 14, 2024

Being present on the best and most popular booking apps will help your hotel become a consideration for travellers as they prepare to book their stays. Cheapest hotel app There’s really no definitive ‘cheapest’ hotel app, since budget hotels and affordable accommodations can be found on all apps.

Book 94

Book Article Definition Budgeting 94

Hotel Owner

APRIL 19, 2024

In fact, according to data firm OAG, European airlines have set aside more than 800 million seats between April and October, and further data indicates that 84% of consumers are prioritising travel within their own personal budgets this year.

Marketing 97

Marketing Presentation Pricing Book 97

Modern Restaurant Management

DECEMBER 21, 2021

While some brands have already begun passing costs on to consumers without too much pushback (Chipotle, McDonald’s), brands will need to closely monitor customer response, as value-oriented customers are likely to begin to be more price sensitive as they also feel pressure from inflation.

Kitchen Operations 196

Kitchen Operations Back of House Pricing Marketing 196

Revenue Hub

DECEMBER 14, 2023

Understand the Needs and Pain Points Before presenting a case for investing in a new revenue management system, it is crucial to thoroughly understand the needs and pain points of your hotel. These include dynamic pricing, personalized offers, and real-time demand forecasting.

Pricing 106

Pricing Budgeting Presentation Article 106

Hotel Business

MAY 16, 2024

The most popular commercial options to date are Level 2 and Level 3 chargers that deliver charging capacities of roughly 11kW all the way up to 360kW, providing optimized solutions for a range of needs and budgets. So, it may be in the best interest of businesses to take decisive action that maximizes both affordability and profitability.

Budgeting 104

Budgeting Maintenance Business Development Presentation 104

Larry Mogelonsky

FEBRUARY 12, 2024

At this point, we could lecture on about Veblen goods , Giffen goods , the rise of the leisure class and other elements of behavioral economics that contribute to a hotel’s pricing strategy, perhaps it’s better to explain our point via an example. Namely, we are wine nuts, so let’s start there.

Pricing 100

Pricing Reservations Budgeting Catering 100

Revenue Hub

FEBRUARY 9, 2023

Currently, 42% of American travelers say high travel prices have kept them from traveling in the past month, down from 49% in December. We are seeing a rebound in the percent of Americans who say the present is a good time to spend on leisure travel. Travel costs has abated as a travel deterrent compared to last month.

Article 93

Article Budgeting Reservations Presentation 93

Revenue Hub

JUNE 26, 2023

Metasearch presents this crucial information directly in search results (for example Google) and other prominent places (for example TripAdvisor or Kayak) to encourage users to book through specific advertised routes. Allocating budget to this channel can yield a great return on investment.

Book 83

Book Pricing Information Article 83

EATER

JULY 31, 2024

Marble-topped bistro tables Bistro tables from Bonnecaze, a Louisiana-based company, offer a similar classic look at a lower price point. For a similar look at a lower price, consider these green-striped plates, similar of which can be found at New York City’s trendy Le Dive. Instead of enameled steel, these tables have a marble top.

Budgeting 105

Budgeting Pricing Presentation Marketing 105

Hotel Owner

APRIL 22, 2024

Each type of accommodation, whether it’s a chain hotel, resort, inn/bed and breakfast, or boutique hotel, presents its own set of advantages and disadvantages that hoteliers need to consider. For hoteliers this type of property presents lucrative opportunities to increase revenue by offering additional activities and services on-site.

Travel and Tourism 97

Travel and Tourism Presentation Catering Housekeeping 97

STAAH

APRIL 25, 2024

Best Street Shopping Experience Delhi offers a vibrant street shopping experience, with iconic destinations like Sarojini Nagar Market and Janpath renowned for their trendy fashion finds at bargain prices. These institutions collectively contribute to Delhi’s dynamic educational ecosystem.

Budgeting 94

Budgeting Catering Events Blog 94

Hotel Owner

FEBRUARY 21, 2024

This will enable us to detect patterns in customers’ purchasing behaviour and allow for quicker adaption to current trends, enabling us to put a price tag on every segment in real time with two-way data streams. As such, we learn a lesson and do a better marketing budget allocation next time around. In a nutshell: Revenue Management 2.0

Pricing 52

Pricing Information Budgeting Marketing 52

Revenue Hub

FEBRUARY 20, 2024

Simply put, with CPC, every click results in a cost for your hotel, and you only pay for the traffic generated by the ad on the price comparison site. You have two options for activating bids: a fixed bid per night or a percentage of the price of your room.

Budgeting 102

Budgeting Article Marketing Pricing 102

Revenue Hub

AUGUST 28, 2024

The start of a new year brings fresh budgets, resolutions to reconnect with loved ones, and newly engaged couples plotting their nuptials. Convergence This heightened January planning activity presents a golden opportunity for event professionals.

Events 85

Events Scheduling Catering Book 85

Hotel Business

MARCH 13, 2024

Microstays also provide hotels with an opportunity to connect with budget-conscious travelers who may be priced out of their rooms otherwise. In conclusion, short-term hotel stays present a valuable opportunity for hotels to maximize revenue, improve efficiency and enhance the guest experience.

Guest Satisfaction 69

Guest Satisfaction Catering Budgeting Scheduling 69

Hotel Owner

NOVEMBER 8, 2022

Peter’s Square, which opened its doors in March 2022, has received kudos for its classic British look, affordable prices, and friendly service. In May 2022, the Motel One Group even won the “Sustainability Champion” award for its efforts, achieving the best score of “highly sustainable” in the budget and premium hotel categories.

Presentation 52

Presentation Budgeting Pricing 52

Restaurant Engine

MAY 22, 2024

You can help them out with their weekly food budget while also encouraging them to dine at your restaurant. Prix fixe is French for a fixed price and offers a meal at a set price. You can count on us to create an amazing website that presents a unified brand for your restaurant and works across all digital platforms.

POS Systems 108

POS Systems Marketing Server Pricing 108