Hotel Business

NOVEMBER 22, 2024

Rising disposable income and the need to cater to the diverse preferences of everything from Baby Boomers to Gen Z and Millennials will be critical when building a personalized approach that is both sustainable and meaningful to all ages. Focusing on personalized, curated experiences will be key to enhancing the guest experience.

Travel and Tourism 110

Travel and Tourism Pricing Events Catering 110

Hotelogix

MARCH 23, 2025

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. It improves coordination between catering, front desk , and housekeeping staff.

Banquet Operations 130

Banquet Operations Housekeeping Events Scheduling 130

Hospitality Magazine

MARCH 3, 2025

“This suggests Australians arent just paying more due to price increases they are actually dining out more often or splurging on higher-end meals.” ” Overall, venues can cater to younger audiences by tailoring their menus to suit their needs. research and data expert.

Budgeting 130

Budgeting Catering Pricing Magazine 130

Hospitality Magazine

FEBRUARY 12, 2025

On the trends front, the report found 40 per cent of customers opted for lower-priced menu items and 31 per cent chose to forgo sides and avoid premium dishes. Impact of costs on businesses Venues responded to rising food costs by upping prices, with one third increasing the price of dishes between 31-40 per cent in 2023.

Pricing 130

Pricing Catering Magazine Book 130

Hotelogix

JANUARY 19, 2025

Did you know that effective hotel pricing can increase revenue by up to 20%? In this blog, we’ll cover everything you need to decide hotel rates smartly, including competition analysis, pricing strategies, and tools to simplify the process. Steps to Analyze Competitor Pricing: Track room rates across OTAs and direct websites.

Pricing 100

Pricing Demo Competitive Analysis Book 100

Modern Restaurant Management

OCTOBER 9, 2024

With the post-pandemic return-to-office, business catering is in full swing. But business catering is a different beast requiring different menus, operations, and technology. What are the primary differences in business catering vs. party catering? Business catering is complex and high stakes.

Catering 88

Catering Events Budgeting Marketing 88

Hotelogix

NOVEMBER 28, 2024

With this comprehensive understanding of your guest segments, you can develop targeted service offerings that cater to their specific needs and preferences. Business travelers often book last minute and value convenience over price, while leisure travelers book ahead and are more price-sensitive.

Marketing 100

Marketing Guest Satisfaction Book Budgeting 100

Revenue Hub

MARCH 24, 2025

They allow for dynamic pricing adjustments and last-minute revenue opportunities. Additional revenue streams from event spaces, catering, and other services. Cons: Lower flexibility in pricing, as group rates are often negotiated in advance. Greater pricing flexibility with dynamic revenue management.

Book 83

Book Pricing Article Events 83

STAAH

MAY 22, 2024

By leveraging advanced algorithms and data analytics, these solutions enable hotels to strategically adjust pricing and inventory to maximize revenue. With dynamic pricing capabilities, they ensure rates reflect demand fluctuations, driving higher yields. Cost: Pricing is free to all STAAH Max Channel Manager Subscribers 2.

Pricing 107

Pricing Catering Information Marketing 107

Modern Restaurant Management

DECEMBER 30, 2024

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. Value will be defined by experience, not just price Rising inflation has changed how customers perceive value; they want more than just a cheap meal.

Communication 180

Communication Pricing Catering 180

LimeTray

FEBRUARY 9, 2025

The article below explores key features of restaurant POS systems, comparing top options like ere4u and LimeTray, along with their pricing factors. Menu management features allow quick adjustments, keeping offerings fresh and relevant, catering to evolving customer preferences, and potentially increasing sales.

Pricing 52

Pricing POS Systems Server Scheduling 52

Modern Restaurant Management

DECEMBER 18, 2024

. – 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. Value is about more than price—it’s about the quality of the food, the atmosphere, and the service.

L&D 167

L&D Marketing Pricing Catering 167

Revenue Hub

JANUARY 21, 2025

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

Pricing Article Catering Marketing 109

Revenue Hub

OCTOBER 10, 2024

You want to be sure you’re offering minimum pricing that’s beneficial for your company’s bottom line, and that makes sense for your customers. Catering budget : A required minimum amount to be spent on catering to reserve the event space. Event minimums are nothing new, but determining the amounts can be challenging.

Pricing 109

Pricing Events Catering Maintenance 109

STAAH

JULY 31, 2024

Discover how STAAH SwiftBook’s Smart Pricing can ignite your booking strategy. This innovative feature in SwiftBook allows you to create custom discounts that cater to different guest booking behaviours, making your property more appealing and driving more direct bookings.

Pricing 113

Pricing Book Reservations Marketing 113

Revenue Hub

DECEMBER 15, 2023

For hotels, this time offers a golden opportunity to implement effective pricing strategies that not only cater to the surge in guests but also optimize revenue generation. Dynamic Pricing Model Implementing a dynamic pricing model allows hotels to adjust rates based on demand fluctuations.

Pricing 109

Pricing Book Catering Article 109

Revenue Hub

MAY 9, 2024

Let’s talk about something revolutionary, yet as ancient as commerce itself: value-based pricing. It’s time to ditch the old-school, cost-plus mentality and hello to a pricing strategy that actually makes sense for your independent hotels. Why It Barely Works The fundamental flaw of cost-plus pricing is its inward focus.

Pricing 109

Pricing Special Events Article Catering 109

Modern Restaurant Management

NOVEMBER 14, 2024

Despite 93 percent of QSR operators indicating they raised prices in 2024, nearly two-thirds (64 percent) reported increased traffic across all dayparts, according to TransUnion’s QSR Industry Report: Bridging the Affordability and Profitability Gap.

Communication 100

Communication Pricing Catering Marketing 100

Hospitality Magazine

SEPTEMBER 20, 2023

For me personally, I like having a day of the week that is customer-focused and accessible for guests, particularly the wine, which people can be priced out of.” There are three promotions now live that reflect the ethos of each restaurant and cater to what consumers want or have requested in the past.

Catering 130

Catering Pricing Book Budgeting 130

Modern Restaurant Management

MARCH 11, 2025

While working hard to bring customers back into the restaurant is very important for success, it has become more important to figure out the third-party equation in terms of pricing, commissions and fees, and value – which is ultimately the difference between success and failure.

POS Systems 188

POS Systems Marketing Server Communication 188

Revenue Hub

JANUARY 10, 2025

Avoid overused phrases such as Free, Click, Buy or Best Price, which can trigger spam filters. From there, emphasize how your unique amenities or services can cater to their upcoming event or group stay. Keep it concise, relevant, and engaging.

Communication 109

Communication Catering Article Events 109

Revenue Hub

NOVEMBER 29, 2024

Here is our round up of 8 Success Stories from our Expert Partners outlining revenue growth, increased ADR, occupancy, booking growth, pricing changes and direct channel success. Challenge Eliminating heavy reliance on manual spreadsheets for revenue management and generating data insights for accurate, data-driven pricing.

Book 109

Book Pricing Reservations Events 109

Modern Restaurant Management

MAY 21, 2024

While three in four survey respondents believe restaurant prices are higher, other factors, such as flavor, outweigh price when ordering specialty beverages, particularly in the full-service segment. During a time of increased price sensitivity, beverages create an opportunity to increase the total check.

Pricing 197

Pricing Catering Presentation Marketing 197

Modern Restaurant Management

DECEMBER 17, 2024

Thus, finding the right balance between maintaining high quality and keeping prices reasonable is crucial. Educating consumers about the benefits of sustainable ingredients can also foster understanding around pricing, making them more willing to pay a premium.

Marketing 167

Marketing Pricing Customer Service Catering 167

Modern Restaurant Management

MARCH 11, 2022

“We raised our prix-fixe lunch price by $1 and have increased catering prices minimally. The à la carte menu pricing has remained the same.” “We had a meeting and I mentioned to the team that I am conflicted about raising our prices,” Cizak said.

Pricing 201

Pricing Catering Guest Services Magazine 201

Revenue Hub

NOVEMBER 25, 2024

Cater to the Quest for Quiet and Unique Experiences Younger travelers are increasingly seeking immersive, unique experiences over simple relaxation. Use dynamic pricing tools to adjust rates based on demand and create special offers that include holiday-themed perks.

Book 108

Book Article Budgeting Catering 108

Revenue Hub

FEBRUARY 21, 2025

Pricing and yielding: time to think bigger Hotels and resorts have long applied dynamic pricing to room rates, but many still hesitate when it comes to MICE and groups revenue streams. Why not take the same approach to event spaces, catering, and equipment rentals?

Pricing 100

Pricing Book Events Article 100

Modern Restaurant Management

MARCH 8, 2024

In this edition of MRM Research Roundup, we feature news about an influx of catering orders, the topic of tipping, the rise of kiosks and affordable Michelin restaurants. Among the highlights: On or Off Prem Same-store catering transactions increased +71 percent in Q4 2023 compared to Q4 2022. Hawaiians are the best tippers.

Catering 100

Catering Pricing Multi-Unit Operations Marketing 100

Modern Restaurant Management

AUGUST 18, 2020

At the beginning of the pandemic, Paul Dioguardi, owner of Colorado-based Hickory House Ribs, realized there was only so much he could do with the amount of available restaurant tables so he decided to focus on growing the catering side of the business. His updated marketing strategy included new wrapping for their catering van.

Marketing 197

Marketing Catering Pricing 197

Revenue Hub

MARCH 13, 2025

Different traveller groups have varying lead times, and recognising these patterns will help you optimise your availability and pricing strategies. Consider designing offers that cater to different traveller segments while ensuring profitability.

Book 101

Book Workshop Reservations Article 101

Hotelogix

JANUARY 12, 2025

Integrate Your Rates and Inventory : Managing multiple OTA platforms manually can quickly become overwhelming, leading to errors like double bookings or inconsistent pricing. A Channel Manager is a tool that synchronizes your room availability, pricing, and inventory across all connected OTAs in real-time. 

Book 130

Book Pricing Marketing Events 130

Revenue Hub

MARCH 17, 2025

Effective yield management isnt just about dynamic pricing (as much as we do love dynamic pricing). Here are some innovative yield management approaches that go beyond the conventional demand-based pricing model. Its about creatively optimizing revenue while enhancing the guest experience.

Pricing 65

Pricing Book Concierge Reservations 65

Hospitality Magazine

FEBRUARY 28, 2024

We regularly review pricing alongside customer feedback and sales data to ensure we are offering value, particularly with our pub classics. This year, value will continue to be top of mind for many customers, and we’ll be working hard to make sure we can deliver great value without compromising on experience.

Catering 246

Catering Pricing Magazine Marketing 246

SiteMinder

JANUARY 8, 2025

Hotels can gain exposure on platforms that cater to specific types of travellers, such as luxury vacationers or adventure tourists, without the need for direct marketing efforts. Their platform offers advanced tools for inventory management and dynamic pricing. Is Hotelbeds a Bed Bank?

Book 96

Book Blog Catering Marketing 96

Modern Restaurant Management

FEBRUARY 14, 2022

Menu and Price Points. This includes places that may be a price point above or below yours. Closely related to the menu and price point is the quality of food your competitors are serving. If they are charging high prices for mediocre food, your restaurant could charge higher prices for better. Food Quality.

Pricing 230

Pricing Information Marketing Catering 230

Hotelogix

FEBRUARY 13, 2025

Get to Know Your Audience Create detailed profiles of your customers to tailor your content effectively: Business travelers: Highlight amenities like fast Wi-Fi, meeting rooms, and easy check-in/out processes to cater to their needs. Hotels can save as much as 15% on commission charges by getting direct bookings instead of OTA bookings.

Book 130

Book Catering Reservations Demo 130

InnQuest

MARCH 2, 2023

In that case, you can focus on providing amenities that cater to their needs, such as a well-equipped business center or high-speed internet. Our software solutions come with competitive pricing while retaining their quality and functionality. For example, your target market is mainly business travelers.

Customer Service 224

Customer Service Training Guest Satisfaction Pricing 224