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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
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Hotel price monitoring: How to track hotel prices

SiteMinder

What is hotel price monitoring? Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. This data-driven approach enables you to make informed pricing decisions , ensuring you remain competitive in the market while maximising revenue.

Pricing 59
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Competitor based pricing for hotels: A complete guide

SiteMinder

What is competitor based pricing? Competitor-based pricing or competition-based pricing is a data-driven approach where businesses use advanced analytics to set their prices based on competitors’ rates. But it’s not just about matching or undercutting competitors’ prices.

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New data shows Australian restaurant owners feeling financial strain

Hospitality Magazine

The report combines data from the Restaurant and Catering Association, Mastercard, and Uber Eats to reveal the longtail economic impacts of covid on hospitality. R&CA CEO Suresh Manickam described the current factors impacting hospitality as “one of the most challenging economic landscapes in recent history”.

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Hotel Pricing Strategies for Peak, Middle-Season, and Off-Peak

Revenue Hub

NB: This is an article from Lybra , one of our Expert Partners A well-defined pricing strategy is vital for the success of any hotel business. Hotel pricing is a dynamic process influenced by various factors, including location, competition, customer preferences, and seasonality.

Pricing 66
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The dining trends Australian Venue Co. are investing in

Hospitality Magazine

The following series is filled with valuable insights from the country’s leading operators on everything from milestone moments to the impact of the cost-of-living crisis, what they’re tipping will be big in 2024, and the current staffing landscape. The next op-ed comes from Australian Venue Co Executive Chef Telina Menzies.

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MRM Research Roundup: Price Wars, Influencer Impact and No-Show Fees

Modern Restaurant Management

As the landscape changes, 39 percent of leaders said they’re prioritizing investments in sales, marketing, and related technologies for the rest of 2024. Thirty-seven percent said they’re expanding catering operations. As a result, they are making hard decisions to adjust prices and make menu changes.

Pricing 100