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.

Pricing 108

Pricing Book Cost Reduction Download 108

Revenue Hub

MAY 18, 2023

As indicated by a recent study by Statista , hoteliers highlight the wider economic situation as the next biggest challenge (48%), followed by staff acquisition and retention (43%) and cost of staff (42)%. Without this valuable data, hotels will struggle to make informed decisions which will directly result in lost revenue opportunities.

Front Desk Operations 98

Front Desk Operations Cost Reduction Book Training 98

7 Shifts

JULY 5, 2024

For example, if labor costs are consistently high, you might consider optimizing staff schedules or using labor-saving equipment to reduce expenses and increase your net profit. By sorting your expenses, you can see where your money is going and identify areas for cost reduction.

Scheduling 97

Scheduling Portion Control Cost Reduction Accounting 97

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%

Cost Reduction 59

Cost Reduction Property Management Guest Satisfaction Guest Services 59

SiteMinder

SEPTEMBER 10, 2024

Better decision making: CPOR can be used to inform important business decisions, such as pricing strategies, investment in new amenities, and staffing levels. Lower your operating costs effortlessly with smart hotel technology Use SiteMinder’s platform to easily boost occupancy, maximise revenue, and create efficiencies for your business.

Cost Reduction 52

Cost Reduction Housekeeping Guest Satisfaction Pricing 52

Hotel Owner

AUGUST 16, 2023

It goes without saying that the direct impact of the rise of costs of gas and electricity has had devastating and destructive consequences for profitability in venues of all sizes within hospitality. This is a battle to fight collectively; speak up, share information and don’t be afraid to explore new ideas.

Pricing 98

Pricing Cost Reduction Presentation Travel and Tourism 98

Synergy Suite

MAY 16, 2023

Inventory management software provides features to manage vendor information, track vendor performance, and compare prices from different suppliers. This allows restaurants to make informed decisions about which vendors to work with and negotiate favorable terms.

Definition 52

Definition POS Systems Vendor Management Scheduling 52

Modern Restaurant Management

OCTOBER 29, 2019

The new techtown provides the same community environment to ask questions and share information, access to industry news and resources for service techs, all under one roof. His role will include assisting A&G’s clients with store-optimization plans and occupancy-cost reductions. Hoffmann Joins A&G.

Events 86

Events Information Marketing Catering 86

Modern Restaurant Management

DECEMBER 16, 2019

Analysis of these tools will inform consumers of the steps they need to take to address every aspect of their health, including brain and emotional wellbeing. Celebrating the sustainable, health and cost benefits of lab-grown food will be crucial in educating consumers about nature-identical alternatives.

Events 128

Events Pricing Marketing Cost Reduction 128

Synergy Suite

MARCH 19, 2025

Additionally, offering adaptable portion sizes allows customers to make informed choices, reducing waste and increasing menu affordability. By offering adaptable portion sizes, restaurants can reduce customer leftovers, allowing diners to make informed choices and try more menu items at lower prices.

Portion Control 52

Portion Control Menu Planning Training Cost Reduction 52

Synergy Suite

DECEMBER 14, 2023

It allows you to gauge the effectiveness of your inventory control efforts and make informed decisions about purchasing, menu offerings, and operational efficiency. Understanding these methods and their implications can help you make informed choices that align with your restaurant’s needs.

Menu Planning 52

Menu Planning Information Procurement Training 52

Les Roches

JANUARY 8, 2024

These innovations in hotels range from processes that handle reservations and check-ins to implementing effective marketing strategies, for example, smartphone notifications informing guests about room availability. Advantages of automation in hospitality Smart automation is transforming the hospitality se­ctor.

Housekeeping 52

Housekeeping Training Hospitality Management Reservations 52

Lithos POS

APRIL 19, 2024

It acts as a hub for managing sales, inventory, and customer data empowering businesses to make informed decisions with confidence driving profitability. It helps in various aspects of the restaurant’s operations, such as sales performance, growth, menu management, inventory management, cost reduction, pricing strategy and more.

POS Systems 52

POS Systems Catering Cost Reduction Blog 52

Synergy Suite

DECEMBER 5, 2023

The break-even point tells you how many dishes or meals you need to sell to cover both fixed and variable costs. Understanding this critical number can help you make informed decisions about pricing, menu offerings, and cost control, ultimately leading to the financial success of your restaurant.

Pricing 52

Pricing Information Marketing Budgeting 52

Synergy Suite

NOVEMBER 20, 2024

This transparency helps maintain accurate inventory records and builds consumer trust as customers are provided with more information about product origins and availability. MRP focuses on managing manufacturing processes and relies on three key elements: inventory, production scheduling, and demand forecasting.

Maintenance 52

Maintenance Scheduling Cost Reduction Definition 52

Synergy Suite

NOVEMBER 30, 2023

Restaurateurs keen on financial sustainability must scrutinize and strategize utility expenses, seeking energy-efficient solutions, adopting technology to monitor consumption, and implementing practices that contribute to both cost reduction and environmental responsibility.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Synergy Suite

NOVEMBER 2, 2023

Consistently high or increasing labor costs may indicate issues. Understanding the trajectory of these percentages helps in making informed decisions about staffing levels, scheduling, and overall labor management. Study competitors and industry leaders to identify best practices in labor cost management.

Scheduling 52

Scheduling Training Information Cost Reduction 52

LimeTray

FEBRUARY 18, 2025

Operational Excellence and Cost Reduction Want to cut down costs and refine your restaurant operations? By integrating blockchain, restaurants can offer more transparent and secure transactions, ensuring that customers’ personal and payment information is protected from fraud and breaches.

Marketing 52

Marketing POS Systems Cost Reduction Front of House 52

Hotel Business

APRIL 25, 2025

Cost reduction By optimizing heating patterns and reducing energy waste, hotel owners can make significant savings on their energy bills. This allows hotel operators to make informed decisions about usage patterns. This means reduced energy wastage and a smaller carbon footprint.

Guest Satisfaction 52

Guest Satisfaction Maintenance Cost Reduction Scheduling 52