Revenue Hub

JUNE 27, 2023

Guest profiles built by data offer hotel marketers a single pane of glass to view the guest’s stay history, preferences, and life events or celebrations. As a first touch, a hotel’s marketing team must design a website that attracts and maintains a guest’s attention.

Marketing 91

Marketing Book Travel and Tourism Communication 91

Revenue Hub

MAY 9, 2024

This method ignores the market’s willingness to pay, which can lead to undervaluing your services or pricing yourself out of the market. Market Positioning: Where does your hotel fit in the grand tapestry of accommodations? Where do they fit into this equation? Spoiler alert: They don’t. The Core Principles 1. Why do they visit?

Pricing 102

Pricing Special Events Article Catering 102

Hotelogix

JULY 11, 2024

As an independent hotel owner, you understand the challenges of driving revenue in a competitive market. By leveraging data and market insights, revenue management allows you to make informed and data-driven decisions to drive sales, occupancy, profitability, and sustainable growth.

Pricing 130

Pricing Download Book Budgeting 130

Modern Restaurant Management

MAY 31, 2024

Casual Dining Preferences Market Force Information unveiled a survey on casual dining preferences across the United States highlighting shifting trends influenced by economic factors and evolving consumer tastes. More broadly, catering is a strong revenue driver for restaurants.

Catering 156

Catering Marketing Download Pricing 156

Modern Restaurant Management

MARCH 18, 2024

Upgraded Offerings in Catering and Hospitality – Customers are looking for upscale options and customization for special events. They are no longer content with unimaginative, expected offerings on catering menus. To learn more about the results, Modern Restaurant Management sought out LDEI’s Sharon Olson.

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Travel and Tourism Information Catering Special Events 189

Modern Restaurant Management

JANUARY 26, 2022

Holidays provide restaurants with the opportunity to capitalize on the special moment by offering specials, events, and so much more exclusive to the holiday. To ensure that you’re catering to all types of customers, offer take-home meals and/or cocktails kits if possible. Create a Prix Fixe Menu.

Events 225

Events Special Events Definition Catering 225

Hospitality Magazine

APRIL 28, 2024

Foodservice Australia is back and bigger than ever with more than 400 exhibitors and special events to sink your teeth into across the three-day program. Held at ICC Sydney from 19–21 May, Foodservice Australia will bring together top culinary brands and professionals, making it a must-attend event for anyone in the sector.

Training 130

Training Special Events Events Catering 130

Modern Restaurant Management

JUNE 12, 2024

Additionally, AI algorithms can analyze customer data to create personalized marketing campaigns, significantly improving customer engagement and retention. An overwhelming 91 percent of restaurants reported leveraging targeted digital marketing campaigns to reach new demographics in the recent Incisiv restaurant study.

Scheduling 189

Scheduling Server Reservations POS Systems 189

Hotel Business

MARCH 22, 2023

” There’s also an open-air terrace for special events, which is a popular spot for weddings. “We also activate it heavily outside of what it’s normally being used for—catered and social events,” said DeCort. of fun and entertainment,” DeCort offered.

Special Events 104

Special Events Events Catering Training 104

7 Shifts

MAY 23, 2024

Of course, this doesn’t mean that yours has to be extra low—just be extra sure that they’re justified given your competitor’s menu and market fluctuations. In this digital age, good plating can serve as your marketing tool if customers love what they see, snap a photo, and upload it to social media.

Pricing 78

Pricing Scheduling Events Marketing 78

Revenue Hub

OCTOBER 17, 2023

Such revenue can come from various sources, including: Food and Beverage: Restaurants, bars, in-room dining, and catering services can significantly contribute to ancillary revenue. Offering diverse dining options, themed events, and unique culinary experiences helps attract guests and drive F&B sales.

Concierge 95

Concierge Events Book Catering 95

SiteMinder

JUNE 12, 2024

By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line. It’s a testament to how industries adapt, grow, and refine their strategies in response to changing market dynamics and customer expectations.

Pricing 98

Pricing Book Reservations Events 98

eZee Absolute

AUGUST 31, 2022

Host a special event. Spread the word through marketing. Host a special event. And if they are staying at your property, they would expect something special. Events are one of those special things that people usually look for when they explore hotels and gateways. Decide what strategy to use.

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Special Events Pricing Events Book 52

Les Roches

DECEMBER 30, 2023

The term ‘guest’ conveys a sense of hospitality, emphasizing the warm and personal approach adopted when catering to their needs Customer service is a broader concept that applies when someone purchases goods or services from a business. Astute marketers have pioneered inventive tactics that leverage both to maximize success in this area.

Guest Services 95

Guest Services Concierge Definition Customer Service 95

eZee Absolute

MAY 29, 2024

Now, let’s crack the code on how to win those proposals and turn them into happy hotel stays, but before that let’s dig a bit deeper into the group business market. Understanding Group Business Landscape Remember that big corporate event we mentioned? Well, guess what? Groups like those are becoming a bigger deal for hotels.

Events 52

Events Catering Book Budgeting 52

The Restaurant Times

MARCH 17, 2023

Restaurant marketing strategies help restaurant owners increase sales and profits. The problem, though, is that restaurant marketing strategies can take a lot of different shapes, and only some tactics will appeal to every customer. Still, consider it as catering to various dietary requirements to attract a larger clientele.

Special Events 52

Special Events Events Information Marketing 52

Revenue Hub

APRIL 11, 2023

The optimal distribution mix for a hotel depends on the hotel’s target market, location, size, and unique selling points. Marketing systems collect information about guests, and the hotel PMS has all the information about the reservations, which reflects guest behavior.

Book 78

Book Information Reservations Catering 78

Hotel Owner

MAY 13, 2024

Understanding the market Before delving into the specifics, it’s crucial to grasp the dynamics of the UK’s culinary scene. In this context, a hotel restaurant must cater to both local tastes and global trends. Flexibility and a keen awareness of market demands are paramount.

Special Events 52

Special Events Strategic Planning Guest Satisfaction Events 52

The Restaurant Times

JUNE 26, 2021

Furthermore, it is a great marketing tool that facilitates personalized marketing campaigns and effectively communicates the offers and discounts of your restaurant. . A restaurant CRM software lets you collate the customer data and allows you to come up with customer-centric marketing strategies. . Improves Marketing.

POS Systems 52

POS Systems Special Events Presentation Communication 52

SiteMinder

OCTOBER 10, 2023

Hoteliers utilise discount pricing to fill rooms during slow seasons, entice loyal customers, or to stay competitive when market conditions change. Discount pricing strategy examples Each discount pricing strategy serves a unique purpose and caters to different market demands.

Pricing 59

Pricing Guest Satisfaction Book Events 59

eZee Absolute

OCTOBER 16, 2023

Such revenue can come from various sources, including: Food and Beverage: Restaurants, bars, in-room dining, and catering services can significantly contribute to ancillary revenue. Offering diverse dining options, themed events, and unique culinary experiences helps attract guests and drive F&B sales.

Concierge 59

Concierge Events Book Marketing 59

Les Roches

JULY 11, 2023

We’ll also discuss what steps you can take to improve your knowledge of customer service and how to tailor marketing to the consumer or customer you want to engage. Similarly, someone attending a party and eating the catered food is a consumer, even if they did not pay for or select the catering package.

Special Events 40

Special Events Customer Service Marketing Catering 40

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

Synergy Suite

MAY 24, 2024

External factors include seasonal trends, special events, and market dynamics, which play a significant role in the accuracy of restaurant sales forecasts. Integrating POS data for forecasting means operators can more accurately project sales and customer traffic, adjusting their strategies to cater to real-time demands.

POS Systems 52

POS Systems Information Pricing Special Events 52

Revenue Hub

OCTOBER 28, 2022

Ask the team if this space could generate revenues by offering food & beverage delivery such as picnic baskets or special occasion dinners, celebrations outside of catering, identifying communal workspace, or promoting outside guest passes to the local community. Be sure to engage your marketing team.

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Reservations Book Catering Special Events 76

Revenue Hub

AUGUST 22, 2023

In this case, if Jane is traveling with her husband and their children, she may be interested in paying more for connected rooms, activities that apply to different ages, special events, and ancillary services that apply to families.

Special Events 73

Special Events Book Information Reservations 73

Modern Restaurant Management

AUGUST 2, 2024

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.

Pricing 100

Pricing Training Marketing Book 100

Revenue Hub

OCTOBER 28, 2022

In this case, if Jane is traveling with her husband and their children, she may be interested in paying more for connected rooms, activities that apply to different ages, special events, and ancillary services that apply to families.

Special Events 78

Special Events Book Information Reservations 78

Les Roches

DECEMBER 27, 2023

Catering to the needs of guests and ensuring their satisfaction is a fundamental aspect of running a successful hospitality business and achieving customer excellence. Introduction In today’s service-oriented world, exceptional guest services are essential.

Guest Services 52

Guest Services Definition Customer Service Concierge 52

SiteMinder

JULY 13, 2024

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The right distribution channels can have strong marketing power, putting your hotel in front of many customers you aren’t able to contact directly.

Pricing 98

Pricing Book Budgeting Marketing 98

Les Roches

MARCH 16, 2023

Are you passionate about helping people locate high-quality accommodation that caters to their needs? They may be looking to book a trip for a honeymoon, wedding, or special event. Bachelor Degree in Hotel Management Enhance your marketing and management skills for the luxury tourism sector.

Travel and Tourism 52

Travel and Tourism Training Catering Hospitality Management 52

7 Shifts

NOVEMBER 9, 2022

When done right, email marketing works wonders—you stay top of mind and increase order values. of customers make a monthly purchase based on marketing emails. But what makes email newsletters such an effective marketing strategy for restaurants? Email newsletters are often the first marketing medium to break the news.

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Reservations Blog Marketing Events 78

Les Roches

MAY 9, 2023

Vendor and supplier coordination: From catering services to event entertainment providers, you’ll need to research potential suppliers and make sure that they can deliver what is promised. This can be an arduous task when it comes to large-scale event planning, but it can be made easier with event management software.

Events 52

Events Event Coordination Budgeting Customer Service 52

Synergy Suite

OCTOBER 19, 2023

These insights enable them to adapt pricing, menu offerings, and marketing strategies to better align with customer expectations and market conditions. This information is invaluable for tailoring marketing strategies, menu offerings, and upselling techniques to specific customer segments.

Pricing 52

Pricing Training Information Presentation 52

Modern Restaurant Management

DECEMBER 21, 2022

Bar and restaurant managers will aggressively target this revenue stream with dedicated group sales and catering managers, online ordering, and seasonal offerings such as holiday dinners, beer and wine tastings, and team building programming. More international brands will continue to enter the US market through delivery-only models.

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Pricing Portion Control Budgeting Marketing 167

7 Shifts

JULY 20, 2024

Total sales Total sales is the total revenue from all sales, from food and beverages to other sources like catering or merchandise. Having a positive cash flow lets you invest in things like new equipment, marketing, or even opening a new location. Analyzing these metrics allows you to make informed decisions to improve profitability.

Scheduling 88

Scheduling Pricing Budgeting Information 88

7 Shifts

JANUARY 31, 2023

This makes the day the perfect occasion for restaurants to offer special menus or wine pairings and to celebrate romance with their customers. Restaurants can make Valentine’s Day a profitable holiday by offering special menus and promotions that cater to couples celebrating a first date or an anniversary.

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Scheduling Events Book Special Events 78