Hotelogix

OCTOBER 11, 2024

Seasonal Influences: Holidays and special events can impact travel plans. The financial impact of no-shows can lead to budget shortfalls and hinder long-term planning. This, in turn, affects pricing strategies and future bookings. How No-Shows Impact Hotels?

Reservations 130

Reservations Guest Satisfaction Communication Book 130

7 Shifts

JULY 20, 2024

By analyzing these reports, you can optimize pricing, control restaurant costs , reduce waste, and improve overall profitability. Because the sales report shows the revenue generated by each menu item, you can set your pricing appropriately to maintain healthy profit margins. This balance helps in maintaining optimal labor costs.

Scheduling 88

Scheduling Pricing Budgeting Information 88

Hotel Business

SEPTEMBER 15, 2023

For an effective pricing strategy, you should look to determine your offerings, including: Variety of rates Discounts Your loyalty program offerings Upsell opportunities Slow periods are an excellent time to understand price fences such as advanced purchase, deposit or cancellation policies, as these can be flexed over time.

Special Events 64

Special Events Pricing Accounting Events 64

7 Shifts

NOVEMBER 15, 2024

How do you prepare your team for special events or holiday rushes? Can you give an example of how you’ve managed a large event or special occasion at a restaurant? How do you manage the restaurant’s budget and control costs? How do you manage the restaurant’s budget and control costs?

Communication 78

Communication Server Special Events Training 78

7 Shifts

AUGUST 18, 2024

Sourcing the Right Equipment Your budget, target market, and concept will dictate your equipment needs. Make sure to get quotes from multiple suppliers so you can compare prices and services. Pricing should match your target market and theme. A cocktail bar can have higher prices while a local neighborhood pub probably can't.

Customer Service 148

Customer Service Marketing Special Events Scheduling 148

MBB Hospitality

NOVEMBER 15, 2023

It involves tracking the cost of each ingredient, understanding seasonality, and recognizing price fluctuations. This granular approach helps in making informed decisions about menu design, portion sizes, and pricing, ensuring that each dish contributes positively to your bottom line.

Pricing 52

Pricing Training Portion Control POS Systems 52

7 Shifts

MAY 23, 2024

We’ve studied what makes the 20% of restaurateurs successful and categorized them into essential categories, including optimizing your menu, providing unforgettable experiences, hosting events, and improving takeout. During this time, your customers scan the menu, go through the descriptions, and review the prices before deciding.

Pricing 78

Pricing Scheduling Events Marketing 78

Synergy Suite

MAY 24, 2024

Internal factors include historical sales data, past and present expenses related to ensuring that customers can order everything they hope to from the menu, trends in the popularity and pricing of menu items , profit margins, and more. How does price impact its popularity?

POS Systems 52

POS Systems Information Pricing Special Events 52

Modern Restaurant Management

DECEMBER 21, 2022

Rising Consumer Expectations : Recession fears will cause many consumers to be more discerning with their food and beverage budget, and bar and restaurant owners will continue to battle over wallet share. Consumers are realizing it’s a delicious wine with a good price point. – Lori Bolin, President of BrewLogix.

Pricing 167

Pricing Portion Control Budgeting Marketing 167

Revenue Hub

OCTOBER 17, 2023

Where was the value for the price paid? I appreciate it is a tough time and the recovery post COVID-19 takes time, but prices continue to increase while service and value may not keep pace. Customer demand: guests who are willing to pay different prices. These data can include traffic counts, special events, airport access etc.

Pricing 97

Pricing Marketing Training Book 97

eZee Absolute

MAY 29, 2024

It’s basically a shopping list from event planners or companies looking for the perfect hotel for their group. They’ll outline their needs – number of rooms, meeting space, budget, you name it – and then they will send this list or hotel RFP to several hotels like yours. Why are hotel RFPs important?

Events 52

Events Catering Book Budgeting 52

Revenue Hub

APRIL 11, 2023

Event attendees: Guests attending events or conferences at the hotel may book directly through the hotel website to access special event rates or room blocks if the hotel booking engine offers that functionality. Some types of guests who commonly use OTAs to book hotels include.

Book 77

Book Information Reservations Catering 77

Xotels

JANUARY 18, 2021

It allows you to target and market to a variety of consumer groups with different behaviour with an offer that matches their needs and budget level. The price does not decide the market segmentation. You may want to introduce sub-segments such as your pricing points such as BAR and how yieldable the segment is. Negotiated Rates.

Marketing 40

Marketing Book Reservations Special Events 40

7 Shifts

JUNE 16, 2024

You can give your customers 1 point for every $10 they spend at your restaurant (the price point depends on how much you're selling your food and beverages; just make sure to set an achievable price). This doesn't mean, however, that you have to increase the price of your menu in-store.

Marketing 78

Marketing Catering Events Reservations 78

SiteMinder

OCTOBER 20, 2022

In its early days around 2007, Airbnb appeared to be positioned in a niche for budget-conscious travellers, who did not mind sharing their accommodation with their hosts. Many hotels even manage to convert these bookings on their own website, since price comparisons are part of guests’ research and their booking process.

Book 52

Book Blog Pricing Special Events 52

7 Shifts

DECEMBER 8, 2020

For your kitchen team, this could be a signature burger or sandwich special. Give your team a small budget for supplies or an ingredient allowance and have them present their dish or drink to the rest of the team for a tasting at your next staff meeting. For the front-of-house, a cocktail or coffee drink. Then, put it to a vote!

Front of House 148

Front of House Server Events Special Events 148

Synergy Suite

OCTOBER 5, 2023

This could include renting out space or property to other businesses or for events, any sort of income generated from membership or loyalty programs, income generated from partnerships or joint promotions, or income from catering services that are above and beyond the price of just the food.

Catering 52

Catering Information Events Labor Cost Controls 52

Lithos POS

SEPTEMBER 27, 2023

It helps you to calculate bills and taxes accurately based on the items ordered, their prices, and any applicable taxes or discounts. Business Insights With the help of POS reports and analytics, you can make data-driven decisions to optimize menu offerings, pricing, marketing, and financial decisions.

POS Systems 69

POS Systems Accounting Front of House Server 69

Lithos POS

DECEMBER 19, 2023

The general manager is responsible for day-to-day operations, budgeting, and ensuring that the restaurant fulfills its financial targets. The kitchen manager is involved in decisions related to ingredient costs, menu pricing, and kitchen budgeting. Going through difficult situations Difficulties are part of any business journey.

Front of House 52

Front of House Scheduling Communication Bookkeeping 52

Les Roches

DECEMBER 28, 2022

Food and Beverage manager – Also known as F&B, this is managing inventory, orders, budgets, and planning of special events for restaurants, bars, and catering. Revenue manager – This is all about optimizing pricing and supply lines, as well as analyzing the constantly-changing income of a hotel.

Hospitality Management 52

Hospitality Management Training Communication Special Events 52

SiteMinder

AUGUST 29, 2023

By keeping a close eye on each of these expense categories and understanding their impact on the overall budget, hoteliers can make informed decisions, ensuring both guest satisfaction and financial health. Create quality content and build social media followings as much as you can without investing a large budget.

Housekeeping 52

Housekeeping Book Guest Satisfaction Maintenance 52

The Restaurant Times

SEPTEMBER 16, 2021

However, the price is worth investing in as you will be getting proactive marketing for your eatery. . Even though you can use it generally, you can also leverage it to promote special events of your restaurant, daily and happy hour menus, etc. The budget varies as per the duration of the campaign . Link Effectively.

Marketing 52

Marketing Accounting Budgeting Special Events 52

7 Shifts

MARCH 30, 2022

Whether you feel like you've tried every advertising tactic in the book, or 2022 is the first time your restaurant has had a dedicated marketing budget, you can implement our restaurant advertising ideas to attract new customers and turn one-time visitors into loyal customers. Table of Content. On-Site Restaurant Advertising Ideas.

Marketing 148

Marketing Special Events Accounting Events 148