Remove Catering Remove Landscaping Remove Pricing
article thumbnail

Competitors: Know Who They Are and How to Price Against Them

Revenue Hub

It also means monitoring their offerings and pricing. Pricing: Properties that offer similar room types at similar prices. Target markets: Properties that cater to specific traveler types, such as leisure, corporate, families, couples, or groups. Some hotels tie their pricing to just one or two competitors.

Pricing 109
article thumbnail

Catering to Families: The Untapped Potential in the Restaurant Industry

Modern Restaurant Management

Despite a general decline in dining frequency, families have shown resilience and an increased appetite for dining out, according to Revenue Management Solutions' Q1 Consumer Survey, “ Dining Dynamics in 2024: The Shifting Landscape of Consumer Tastes.” Strategies for Attracting Family Business Given a -2.1

Catering 194
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2025 Outlook: Experts Weigh In on Restaurant Trends and Challenges, Part Three

Modern Restaurant Management

. – ezCater CTO Erin DeCesare Customized Catering for Flexible Occasions – The rise of personalized group dining experiences is reshaping catering trends, and L&L is already meeting the demand. The franchise model remains one of the best business structures in today’s restaurant landscape.

L&D 167
article thumbnail

Hotel Market Segmentation Guide- Key to Your Hotel's Growth

Hotelogix

The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape.  With this comprehensive understanding of your guest segments, you can develop targeted service offerings that cater to their specific needs and preferences.

Marketing 100
article thumbnail

The Future of Dining in 2025 Is Smarter, Simpler, and More Personal

Modern Restaurant Management

At the same time, a rise in fast-food prices driven by inflation is reshaping consumer behavior, with many customers now treating fast food as a splurge rather than a convenience. Here are the three trends that will shape the QSR landscape in 2025 and beyond: 1. Menu innovation has become a key way to deliver value.

article thumbnail

Comp Sets Decoded: The Key to Smarter Hotel Benchmarking

Revenue Hub

Enhances strategic decisions: Provides clarity on pricing, cost management, and resource allocation. Type and class: Star rating, pricing strategy, and operational focus. Off-season, you might focus on boutique competitors catering to transient leisure travelers. Without the right comp set, data can mislead rather than guide.

Pricing 109
article thumbnail

Digitize Hotel Banquet Management for More Revenue in 2025

Hotelogix

In today's competitive landscape, you must view banquet operations as a high-potential revenue stream. A banquet can take various forms, including plated meals, buffets, and cocktail receptions, catering to different occasions and preferences. The design may vary based on the type of events catered to—formal or informal.