Revenue Hub
OCTOBER 19, 2022
The transient nature of hospitality is an inherent issue that costs a typical hotel $5,864 per employee according to Cornell University. The continuous training and uniform expenses that come along with skyrocketing turnover rates make operational budgets a challenge to get under control. Read rest of the article at Hotel Executive.
InnQuest
APRIL 4, 2023
Operational Cost Reduction Switching to a cloud-based PMS can help hotels reduce their operational costs significantly. Eliminating on-premises systems saves hotels significant money in IT personnel and infrastructure costs, as cloud-based systems require fewer personnel to maintain and manage.
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Modern Restaurant Management
JANUARY 30, 2024
Typical restaurant KPIs involve monitoring costs around food, labor and supplies, pricing adjustments, table turnover rates during peak periods, customer wait times, promotion effectiveness, brand sentiment on review sites, and training completion rates. Define the one or two KPIs most critical for your top growth goals.
Modern Restaurant Management
JULY 5, 2023
Virtual hospitality is also setting a new standard for guest experiences and offers many benefits to restaurants, including personalized and tailored experiences, operational optimization and cost reduction. Virtual hospitality could also lead to more streams of revenue.
LimeTray
FEBRUARY 9, 2025
Cost Reduction and Profit Maximization Integrating a restaurant POS system with inventory management helps reduce overstocking and waste, leading to significant cost savings and higher profitability. These insights help you easily see what’s selling and what’s not, and adjust your stock levels accordingly.
Revenue Hub
MAY 18, 2023
Hire & Retain the Right Staff As a hotel owner, you are no stranger to the fact that labour costs are one of the most significant operating expenses of your hotel business. This plan should include a schedule of activities, such as orientation sessions, training, and introductions to key team members.
Hotel Business
SEPTEMBER 25, 2023
Companies who simultaneously invest in the technology and the people behind it—helping ensure employees are well-equipped and appropriately trained—should be well-positioned to navigate the shifting dynamics of the industry, while unlocking future growth and unprecedented opportunity.”
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