Modern Restaurant Management

JULY 24, 2020

Restaurant owners should be open minded and consider plans to diversify their current service offerings. Cost reduction should be considered for both direct and indirect spend across cost categories. For restaurants, some necessary costs may be out of their control. Increased prices can negatively impact sales.

Cost Reduction 214

Cost Reduction Pricing Strategic Planning Definition 214

Revenue Hub

OCTOBER 23, 2023

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more. Many of these sustainability efforts provide cost reduction benefits as well.

Pricing 107

Pricing Book Cost Reduction Strategic Planning 107

Les Roches

JANUARY 11, 2024

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.

Definition 52

Definition Pricing Marketing Training 52

Synergy Suite

DECEMBER 5, 2023

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. It acts as a financial safety net, helping you make informed decisions about cost-cutting or marketing strategies to weather downturns.

Pricing 52

Pricing Information Marketing Budgeting 52