InnQuest
APRIL 4, 2023
Operational Cost Reduction Switching to a cloud-based PMS can help hotels reduce their operational costs significantly. Automated processes reduce manual labor costs, allowing the team to focus on other essential tasks.
Modern Restaurant Management
JULY 5, 2023
Virtual hospitality is also setting a new standard for guest experiences and offers many benefits to restaurants, including personalized and tailored experiences, operational optimization and cost reduction. Virtual hospitality could also lead to more streams of revenue. Knowing your guests allows you to help them make decisions.
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Modern Restaurant Management
MARCH 24, 2021
Marginal cost reductions are meaningful, but for restaurants that are trigger-shy when it comes to bigger, more comprehensive solutions, there has to be a multi-faceted approach. Vehicles, drivers, fuel costs, insurance, payment methods, dedicated prep staff, packaging, storage, tracking, and communication all present challenges.
Revenue Hub
OCTOBER 23, 2023
Many of these sustainability efforts provide cost reduction benefits as well. For instance, incorporating sensor-controlled lighting and climate systems can reduce energy costs and yield long-term savings.
NV Hotels
APRIL 12, 2022
Data-driven smoking alerts streamline policy enforcement and ease communication between hoteliers and their guests. Hotels rely on the evidence provided by smoking alerts for fee collection, operational efficiency, and cost reduction. They save on cleaning, minimize lost revenue, and improve guest satisfaction.
Hotel Business
NOVEMBER 12, 2024
Here are some thoughts on how property managers and owners can promote both cost reduction and loyalty—bringing together two aspects of property management that are not usually considered complementary to accelerate both profitability and revenue uptake. In fact, loyal guests spend, on average, 22.4%
SiteMinder
SEPTEMBER 10, 2024
Cost reduction Efficiency and cost reduction often go hand in hand but there are specific ways to reduce costs that don’t involve day-to-day operations. Guest engagement tools: Guest engagement tools can help streamline the check-in process, build a stronger relationship, and communicate more effectively.
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