Modern Restaurant Management

SEPTEMBER 28, 2020

Conduct a Competitive Analysis. In order to create this kind of competitive analysis, you will want to start by creating a list of the biggest competitors nearby. Here are some of the key areas of focus when doing your restaurant’s competitive analysis.

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Competitive Analysis Special Events Training Budgeting 221

Hotelogix

JANUARY 19, 2025

Setting the right rates for your rooms is not just about numbers; it’s about balancing guest expectations, understanding demand, and staying competitive. 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.

Pricing 100

Pricing Demo Competitive Analysis Book 100

7 Shifts

JULY 20, 2024

Through regular posts, you can remind people of your menu, special deals, and events you’re hosting. Helps you understand customer preferences Social media is a straightforward way to learn what dishes, deals, or events excite your audience. This way, you stay unique and offer something different from other restaurants.

Special Events 88

Special Events Events Scheduling Competitive Analysis 88

SiteMinder

OCTOBER 5, 2023

This section lets you adjust room rates, offering flexibility in response to changing demand or special events. However, like any tool, its effectiveness depends on how well you use it, so it’s essential to monitor and adjust rates regularly to stay competitive. A particularly useful feature is the rate management tool.

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Competitive Analysis Book Information Property Management 59

SiteMinder

JULY 13, 2024

This dynamic approach requires a blend of data analysis, market insight, and strategic action. Competitive analysis Before setting any pricing strategy, it’s essential to understand the lay of the land. Here’s a deeper dive into how the process unfolds: Step 1.

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Pricing Book Budgeting Marketing 98