Revenue Hub

MAY 18, 2023

When we talk about cost control in the hotel industry, we typically refer to the management of expenses and the optimization of resources. By diligently managing costs, hotels can ensure profitability and financial sustainability. Content management: maintaining momentum is key in marketing.

Front Desk Operations 98

Front Desk Operations Cost Reduction Book Training 98

7 Shifts

JULY 5, 2024

These numbers might seem low, but only because the restaurant industry has many costs to cover, including ingredients, labor, rent, utilities, marketing, and other expenses. These costs can add up quickly, leaving a smaller portion of revenue as profit. Reviewing and optimizing staff schedules can make a big difference.

Scheduling 97

Scheduling Portion Control Cost Reduction Accounting 97

SiteMinder

SEPTEMBER 10, 2024

It stands for cost per occupied room, which means the expenses that are being incurred by rooms that have guests staying in them. CPOR can be influenced by a number of factors and can often be a representation of how effective your revenue management and marketing strategies are. What are variable costs per occupied room?

Cost Reduction 52

Cost Reduction Housekeeping Guest Satisfaction Pricing 52

Synergy Suite

NOVEMBER 2, 2023

When you’re looking for a good labor cost percentage, lower is better. If for example your labor cost percentage is 50%, things probably aren’t going too well financially. Track labor costs as a percentage of revenue. Efficient staff scheduling and management can help optimize this metric.

Scheduling 52

Scheduling Training Information Cost Reduction 52

Synergy Suite

NOVEMBER 20, 2024

This piece will explain why inventory management matters (including defining key terms and discussing the major benefits inventory management provides), explore different types of inventory management, and expound on a few future developments expected to revolutionize the inventory management market. Schedule a demo today!

Maintenance 52

Maintenance Scheduling Cost Reduction Definition 52

Synergy Suite

NOVEMBER 30, 2023

In essence, a keen understanding and effective management of prime costs become indispensable tools for restaurants aspiring not only to thrive in a competitive market but also to build a sustainable foundation for long-term financial success.

Portion Control 52

Portion Control Scheduling Pricing Training 52

Modern Restaurant Management

DECEMBER 16, 2019

percent year over year according to Black Box Intelligence’s Market Share Report. Restaurants have had to keep up with this growth from a staffing standpoint amid the most difficult labor market in decades. data highlights: Despite summer dips, Starbucks remained the market leader, taking 27.9 percent of market share.

Events 128

Events Marketing Pricing Cost Reduction 128