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Will the hospitality sector see an end to the cost of living crisis?

Hotel Owner

Having worked in, and managed, multiple establishments and organisations over the course of 25 years, I’ve amassed some diverse experiences that have collectively provided me with a comprehensive understanding of the hospitality landscape. To remain sustainable, we’ve had no choice but to increase our prices correspondingly.

Pricing 98
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LuxUrban Hotels Inc. partners with Rebel Hotel Co.

Hotel Business

Brian Sparacino, president/CEO, Rebel Hotel Company, added, “LuxUrban Hotels is transforming the hotel landscape in major metropolitan cities across the U.S. Rebel Hotel Company reflects our guest-centric values, and we look forward to working together.”.

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Definition of revenue growth strategies

Les Roches

Pricing strategies Inverse Couple Images/ Moment via Getty Images Did you know that, on average, large retailers change prices every three minutes ? To achieve­ revenue growth, imple­menting effective­ pricing strategies is fundamental and a discipline in itself.

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The Break-Even Point: A Key to Restaurant Financial Success

Synergy Suite

From fluctuating food costs to ever-changing customer preferences, the restaurant industry is known for its volatility. To navigate this complex landscape successfully, restaurant owners need to be savvy not only in the culinary arts but also in financial management. ” What is the Break-Even Point?

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Why Prime Costs Matter in the Restaurant Business The significance of prime costs lies in their comprehensive representation of direct expenses associated with both the production of culinary offerings and the workforce essential to their creation.

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Labor Cost Percentage for Restaurants: The Ins and Outs

Synergy Suite

Benchmarking allows for a contextual understanding of your restaurant’s labor performance in the broader industry landscape. Compare your labor cost percentage to industry benchmarks to assess how efficiently your restaurant manages labor expenses relative to competitors. Analyze wage rates and compare them to market averages.

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MRM Plant-Based: Trends in Meatless and Copper Branch Expands in Time for Veganuary

Modern Restaurant Management

Pricing and participation vary by location. “We look forward to expanding in the Chicago community with our new West Loop location, especially given the prominent culinary landscape we join on Randolph Street,” said Veggie Grill CEO Steve Heeley. The new menu additions are available at Carl’s Jr.

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