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. Consider factors like booking windows, length of stay, and seasonal preferences.

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100

Revenue Hub

NOVEMBER 25, 2024

Embrace the Staycation Trend With rising costs affecting travel budgets, staycations are a popular alternative for those seeking a getaway close to home. Use dynamic pricing tools to adjust rates based on demand and create special offers that include holiday-themed perks.

Book 108

Book Article Budgeting Catering 108

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. Booking Mistakes: Sometimes, guests might accidentally double-book or forget about their reservation. The financial impact of no-shows can lead to budget shortfalls and hinder long-term planning.

Reservations 130

Reservations Guest Satisfaction Communication Book 130

Revenue Hub

JANUARY 14, 2025

We included gas cards, a smores kit, information on local attractions and a travel themed magnetic photo frame and priced it as a value add. A donation to a local animal shelter for every reservation would also be a nice touch and a way to give back to the community. It can apply to any time of the year if priced effectively.

Pricing 105

Pricing Events Marketing Budgeting 105

Revenue Hub

DECEMBER 19, 2024

Dynamic pricing tools use algorithms to recommend the ideal rates and the right time. NB: This is an article from Lighthouse Subscribe to our weekly newsletter and stay up to date Price optimization works by collecting and analyzing data from sources like competitor rates, seasonal trends and external events.

Pricing 97

Pricing Book Article Budgeting 97

EATER

DECEMBER 2, 2024

Expect to pay a bit more The open restaurants may charge a little more for holiday dishes or offer a fixed price menu in order to simplify preparation and make it worth the staff’s while to be there. Restaurants may also require a deposit on a reservation to ensure you show up. At worst, you could lose your seat.

Reservations 104

Reservations Book Budgeting Scheduling 104

Revenue Hub

OCTOBER 10, 2024

You want to be sure you’re offering minimum pricing that’s beneficial for your company’s bottom line, and that makes sense for your customers. Catering budget : A required minimum amount to be spent on catering to reserve the event space. Event minimums are nothing new, but determining the amounts can be challenging.

Pricing 109

Pricing Events Catering Maintenance 109

Hotelogix

JANUARY 10, 2025

Even though there are loads of reservation tools out there, many small hotel operators are going with something they already know how to use: Google Calendar. Challenges with Reservations Staff at small hotels often find it challenging to handle reservations effectively. The answer you are searching for is, Yes.

Book 100

Book Reservations Scheduling Housekeeping 100

Hotelogix

OCTOBER 18, 2023

A hotel reservation system is far more than a booking tool.   As technology continues to reshape the hospitality landscape, the importance of an effective reservation system cannot be overstated—it's the key to unlocking efficiency and excellence in modern hotel management.

Reservations 100

Reservations Book Information Guest Satisfaction 100

LimeTray

FEBRUARY 9, 2025

The article below explores key features of restaurant POS systems, comparing top options like ere4u and LimeTray, along with their pricing factors. With instant updates on table availability and reservations, your staff can seat customers more efficiently. Here are ten key factors that influence POS system pricing.

Pricing 52

Pricing POS Systems Server Scheduling 52

Revenue Hub

JULY 31, 2024

The ongoing manual calculations and pricing updates across all your distribution channels are huge headaches to most hoteliers, especially if pricing isn’t your only responsibility at your property. How can you use data to improve your pricing strategy? Do they have shared price sensitivities?

Pricing 109

Pricing Book Marketing Article 109

Revenue Hub

JULY 26, 2023

NB: This is an article from Global Asset Solutions Unlike other products that can be stored and sold later, the prices of hotel room nights often fluctuate based on supply and demand, with prices typically rising during peak seasons or when major events are happening and falling during slower periods.

Pricing 98

Pricing Book Marketing Article 98

Hotelogix

DECEMBER 7, 2023

This gives them a better idea of what fits their requirement and budget best. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. If your property features budget rooms, collaborate with OTAs frequented by travelers seeking such rooms.

Book 268

Book Budgeting Catering Strategic Planning 268

Modern Restaurant Management

DECEMBER 13, 2021

These challenges are impacting menu availability, raising the prices of menu items, leading to short staffs, increasing wait times for diners, and changing operating hours and offerings. Digital waitlists and reservations help consumers minimize wait times at restaurants to get seated sooner upon arrival.

Communication 189

Communication Reservations Budgeting Pricing 189

Modern Restaurant Management

MARCH 3, 2025

It also involves logistics, such as determining budget and resource constraints and creating a systems foundation that ensures operational consistency. Data can also help optimize your menu and pricing model. Sales data identifiesbestsellers, underperforming items, and pricing sweet spots.

Marketing 100

Marketing Communication Budgeting Pricing 100

Modern Restaurant Management

MARCH 11, 2025

While working hard to bring customers back into the restaurant is very important for success, it has become more important to figure out the third-party equation in terms of pricing, commissions and fees, and value – which is ultimately the difference between success and failure. Small businesses did what they always do—adapt.

POS Systems 188

POS Systems Marketing Server Communication 188

Hotelogix

OCTOBER 30, 2024

This is the time when they are most likely not aware of their destination or type of holiday (leisure, budget) they would want. Price, amenities, reviews, and the overall booking experience play a significant role here.  Booking Stage : This is the stage when travelers go ahead with making a reservation.

Book 222

Book Blog Reservations Information 222

Modern Restaurant Management

DECEMBER 28, 2022

Operating Expenses (OpEx) are the recurring monthly bills a restaurant or bar usually budgets for: electricity and water, rent, food and alcohol, etc. Without the cash reserves and collateral that lenders want to see, these small businesses are much less likely to secure loans when they need them most.

Maintenance 197

Maintenance Budgeting Reservations Back of House 197

Modern Restaurant Management

OCTOBER 1, 2022

Restaurants, in turn, have to deal with skyrocketing prices on products and fuel. Let’s look at low-budget restaurant marketing ideas to succeed in inflationary times. Three Tips to Promote a Restaurant on a Low Budget. From email promotions to UGC and influencers, digital marketing provides tools for various budgets.

Marketing 203

Marketing Budgeting Communication Information 203

InnQuest

OCTOBER 5, 2022

These platforms offer multiple benefits for the price paid, including marketing and exposure to global markets. The most profitable of the three is direct hotel bookings i.e. wherein guests directly reach out to the hotels for all accommodation-related queries and make a reservation. . Expert Tips To Increase Direct Hotel Bookings.

Book 217

Book Pricing Reservations Information 217

Hotelogix

JANUARY 30, 2024

The report also covers cancellations, no-shows, and temporary reservations for the day. 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. Benefits of these reports Here they are.

Housekeeping 147

Housekeeping Reservations Information Budgeting 147

Modern Restaurant Management

DECEMBER 17, 2024

Thus, finding the right balance between maintaining high quality and keeping prices reasonable is crucial. Educating consumers about the benefits of sustainable ingredients can also foster understanding around pricing, making them more willing to pay a premium.

Marketing 167

Marketing Pricing Customer Service Catering 167

Hotel Owner

NOVEMBER 29, 2024

Despite nervousness in the lead up to the Budget and US election, which saw consumers hold back on retail spending and eating and drinking out, it didn’t cause them to cancel their staycation plans. However, pressure remains on daily room rates, with the sector finding it difficult to increase rates further. in Q3 to 0.3%

Budgeting 52

Budgeting Reservations Pricing 52

SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. Why is a hotel budget important?

Budgeting 59

Budgeting Maintenance Front Desk Operations Document 59

eZee Absolute

DECEMBER 22, 2024

Dynamic Pricing: Use revenue management tools to adjust pricing based on demand while offering competitive deals. Booking Engine: eZee Reservation is one such tool that helps guests easily book rooms directly through your website, enhancing your online presence and reducing commission fees from third-party OTAs.

Travel and Tourism 52

Travel and Tourism Book Reservations Events 52

Hotelogix

FEBRUARY 4, 2024

  Reservation management: This feature allows you to manage all your reservations from a single dashboard. You can also cancel or modify reservations based on guests' requirements here.  You can update prices, add new items, and manage inventory.

Housekeeping 147

Housekeeping Maintenance Reservations Accounting 147

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. But, according to the same report, about 40 percent of consumers agree that with rising grocery store prices, it’s not necessarily cheaper to eat at home.

Marketing 151

Marketing Information Budgeting Reservations 151

SiteMinder

NOVEMBER 24, 2024

In exchange for fees, the franchisor provides access to brand recognition, marketing resources, reservation systems, and operational support. This allows you to identify strengths, address weaknesses, and make informed decisions about pricing, services, and operations. Consider how these fees will impact your profit margins.

Budgeting 52

Budgeting Catering Guest Satisfaction Training 52

Hotelogix

OCTOBER 11, 2024

Though it started with flight bookings, its move into hotel reservations has been widely appreciated. Hopper’s predictive pricing feature helps travelers find the best rates, using AI to track price changes and recommend the right time to book. It provides real value with its smart pricing and predictive analytics.

Pricing 130

Pricing Book Download Budgeting 130

Revenue Hub

SEPTEMBER 6, 2023

Connecting a Central Reservations System (CRS) with Google ads works as a force multiplier for marketing campaigns. Urgency messaging : Businesses can set up messages showing the number of people who booked in the last few hours, the starting price, the number of rooms left, price lasting until certain time, and so on.

Book 98

Book Budgeting Reservations Information 98

Revenue Hub

SEPTEMBER 25, 2023

Running a hotel is a complex and balancing act: you want to ensure all your rooms are booked and your guests are happy, but how do you set the right prices to make this happen? They act as the secret ingredient that can help you achieve this fine balance of setting the right price at the right time.

Reservations 109

Reservations Pricing Book Catering 109

InnQuest

SEPTEMBER 12, 2023

It handles guest reservations, check-in/check-out processes, and room assignments and provides concierge services. This includes advertising, promotions, pricing strategies and partnerships with travel agencies and online booking platforms. Continuously monitor and adjust pricing strategies to maximize profitability.

Maintenance 220

Maintenance Guest Satisfaction POS Systems Housekeeping 220

Revenue Hub

AUGUST 24, 2023

Hoteliers and marketing executives in the hotel industry are faced with a multitude of challenges, including budgeting, marketing decisions, selecting appropriate distribution channels, and proper pricing. Revenue management should adjust prices according to demand and competition, ensuring an optimal price-performance ratio.

Pricing 98

Pricing Budgeting Article Reservations 98

7 Shifts

MARCH 11, 2020

Don’t forget to budget for training, installation, and support costs. month ) and a reservation management tool ($200+/month). Utilities Budget 5% of your operating budget for utilities. We recommend setting aside a marketing budget of at least $1,000 to launch your restaurant. Check out these U.S.

Budgeting 141

Budgeting Scheduling Training Bookkeeping 141

Modern Restaurant Management

AUGUST 2, 2024

As a result, they are making hard decisions to adjust prices and make menu changes. Restaurants were the worst affected, with 27 percent of patrons not following through with their reservations. Budget-Friendly Olympic Dining With the Summer Olympics in full force,Paris is welcoming over 15 million visitors.

Pricing 100

Pricing Training Marketing Book 100

SiteMinder

MARCH 16, 2025

Budget management: With operating costs rising, managing budgets effectively is crucial. Financial acumen : Managing budgets, controlling costs, and monitoring revenue streams to maintain profitability. Guests expect higher service levels to justify premium pricing.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Regulatory Compliance 52

Revenue Hub

NOVEMBER 1, 2023

Did you know that, on average, hotels using automated pricing solutions experience a 22% increase in revenue and a 4% increase in ADR? In addition, hotels using an automated pricing solution save 10 hours per week on average, eliminating the tedious, time-consuming process of manually calculating and updating room rates on Excel spreadsheets.

Pricing 108

Pricing Budgeting Reservations Article 108