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Making Workforce and Cost Reduction Part of Revenue Management Mix

Revenue Hub

One issue that has emerged post-pandemic is the widespread expectation of flexible work schedules – something that the hotel industry has yet to largely embrace. Hoteliers are rethinking their entire labor planning process and finding a lot of success by adopting a flexible schedule strategy.

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The Power of Flexibility: How Split Shifts Can Transform Your Business Operations

Synergy Suite

Split shifts are a distinct scheduling practice where an employee’s workday is split into two or more separate sessions, with a substantial gap of typically 60 minutes to several hours between shifts. Split shifts are a scheduling strategy prevalent in several key industries that face fluctuating demands throughout a regular workday.

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CPOR: Guide to cost per occupied room for hotels

SiteMinder

Effective cost management: By analysing CPOR, hotels can identify areas where costs can be reduced. This can involve optimising labour schedules, negotiating better deals with suppliers, or implementing energy-saving measures. Here are some of the best ways to create a healthier hotel CPOR.

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How to Read a Restaurant Profit and Loss (P&L) Statements

7 Shifts

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. Reviewing and optimizing staff schedules can make a big difference. You may need to adjust your staff schedules to align better with peak dining times.

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Labor Cost Percentage for Restaurants: The Ins and Outs

Synergy Suite

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.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

Housekeeping Hotels that invest in tech to streamline housekeeping operations will benefit from automated tasks such as room assignments, cleaning schedules, and inventory management. All offer a major step to help hoteliers reduce labour costs, improve cleaning efficiency, and ensure that guest rooms are always ready on time.

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Prime Costs: Understanding and Application for Restaurants

Synergy Suite

Managing labor costs requires optimizing staff schedules, ensuring efficient staffing levels during peak hours, and monitoring employee productivity. Miscellaneous Costs Miscellaneous costs encompass various other expenses that don’t fall neatly into other categories but are necessary for your restaurant’s smooth operation.