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Sales, revenue, procurement: Three cornerstones of a thriving hotel business

Hotel Owner

Its specialists are adept at identifying problems and providing workable solutions to turn around the fortunes of struggling businesses. That said, improvements in three key areas of sales, revenue, and procurement, can often be a driver for positive change and profitability.

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Virtual Acceleration, Raising the Bar and Insult Monitor

Modern Restaurant Management

This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.

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NEWH President Sandy Banks shares her journey and plans for the future

Hotel Business

Banks joined NEWH—an international community connecting the hospitality industry, providing scholarships, education, leadership development, recognition of excellence and business development opportunities—in 1984 as one of its early members and currently serves on its international board of directors.

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Industry execs discuss trends for 2023

Hotel Business

“And that really focuses the procurement on what really drives value, all of the non-value-added products and services, you either eliminate, automate or outsource. “It’s really causing developers to pause, sit back [and have a] wait-and-see attitude,” said Ford.

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Understanding inventory and supply chain management

Les Roches

A hospitality degree often includes modules on procurement strategies, inventory management systems and supply chain logistics, which are reinforced by practical training and internships.

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How Hotels Can Embrace the Technological Age with Sugar Beach IT Director Shearvon Devenish

Larry Mogelonsky

What I’m most proud of is the expansion of the hotel, and that was done through research, planning, budgeting, procurement, and communication. It requires IT procurement, continuous meetings with vendors to ensure that the implementation of the technology infrastructure and cabling is completed so you’re future-prepared.

Budgeting 100
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Industry execs discuss trends carrying over into ’23

Hotel Business

“And that really focuses the procurement on what really drives value, all of the non-value-added products and services, you either eliminate, automate or outsource. “It’s really causing developers to pause, sit back [and have a] wait-and-see attitude,” said Ford.