Remove Catering Remove Reservations Remove Special Events
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7 key restaurant revenue streams to prioritize in 2024

7 Shifts

Offering additional services, like delivery and takeout, meal kits and subscription boxes, and even catering and hosting special events can unlock new growth opportunities. Additionally, catering large events can help you manage your inventory more efficiently, reducing food waste and maximizing profit.

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Providing The Best Restaurant Customer Experience in 2024

7 Shifts

For instance, using an online reservation system allows customers to book a table conveniently, saving your staff from having to appease disgruntled customers who were overlooked on the waitlist or turned away. Offer multiple payment options, including contactless and mobile payments, to cater to different customer preferences.

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How Hotel Market Segmentation Enhances Business Success

Revenue Hub

It enables properties to differentiate themselves from the competition by catering to specific audiences, helping to position themselves better for specific traveler profiles, thus creating a competitive advantage. Group The group segment refers to guests traveling in a group that has blocked several rooms in advance at a special rate.

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Five Ways to Increase Sales at Your Restaurant this Valentine’s Day

Modern Restaurant Management

On Valentine’s Day, restaurants fill up quickly with reservations from couples eager to spend a romantic night together. Holidays provide restaurants with the opportunity to capitalize on the special moment by offering specials, events, and so much more exclusive to the holiday. Create a Prix Fixe Menu.

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How to Optimize the Distribution Mix

Revenue Hub

Still, it is one of the most critical decisions hoteliers can make to improve profitability and boost reservations. Marketing systems collect information about guests, and the hotel PMS has all the information about the reservations, which reflects guest behavior. Distribution is complex and will not be uniform for all structures.

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Exploring the world of guest services: from definitions to job descriptions

Les Roches

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.

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What is Yield Management: Guide for Hotels

SiteMinder

Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers. To help explain this further, please watch this video explaining yield management’s evolution to revenue management: There’s also a distinct difference between reservations management and revenue management.

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