Revenue Hub

OCTOBER 23, 2023

Definition and Formula for Hotels appeared first on Revenue Hub. Meanwhile, the conference room is generating the lowest amount of revenue per square metre and is thus the least efficient space. Read the full article at SiteMinder The post What is RevPAM?

Definition 88

Definition Events Article Blog 88

Revenue Hub

MARCH 7, 2023

Subscribe to our weekly newsletter and stay up to date In this post, we are going to explain what the total revenue definition is, and how you can calculate total revenue in your hotel. Total revenue definition Let’s start by looking at a basic total revenue definition. How do you calculate total revenue?

Definition 71

Definition Accounting Concierge Article 71

Revfine

SEPTEMBER 21, 2023

Read on to discover what hotel asset management is and what it The post Hotel Asset Management: Definition, Importance, and Practices appeared first on Revfine.com.

Definition 52

Definition 52

EATER

NOVEMBER 16, 2023

You definitely want to make sure you have a nice, solid, non-melted ice pack.” If the dishes require refrigeration, you’ll want to make sure that you’ve got an ice pack that’s still frozen completely solid to make sure that your food doesn’t spoil in transit.

Definition 118

Definition Accounting 118

Synergy Suite

SEPTEMBER 25, 2024

This article is the definitive guide to crafting a comprehensive kitchen closing checklist. The post The Definitive Guide to Crafting a Kitchen Closing Checklist appeared first on SynergySuite. It encompasses everything from cleaning protocols to equipment maintenance and inventory management.

Definition 52

Definition Maintenance Accounting Sanitation 52

Hospitality Net

FEBRUARY 5, 2024

RIU has presented its new Proudly Committed sustainability strategy. This change comes after a deep internal reflection on the future of the hotel industry and its impact on the community, the environment and employees.

Definition 92

Definition Presentation 92

7 Shifts

SEPTEMBER 1, 2022

If you're standing in line waiting to order the special of the night, the seasonal Panzanella Salad, you don't want to hear “86 the special”. At some point when you were dining in a restaurant, you may have heard the BOH staff shout “86” and the name of a menu item to the waiters.

Definition 144

Definition Front of House Communication POS Systems 144

Les Roches

JANUARY 11, 2024

Photo Credit Main Image: Prapass Pulsub/ Moment via Getty Images The post Definition of revenue growth strategies appeared first on Les Roches. As they navigate the complexitie­s of revenue growth, strate­gic planning and flexible adaptation become­ pivotal for long-term financial success and consolidating a strong position in the­ market.

Definition 52

Definition Pricing Marketing Training 52

Hospitality Net

JANUARY 16, 2024

DQ, an Abu Dhabi-based investment and holding company, and ADNEC Group (“ADNEC”) today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s (“TMG Holding”) hospitality arm, ICON Group (“ICON”) through a capital increase.

Definition 70

Definition 70

Synergy Suite

JUNE 20, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business Restaurant Reservation and Table Management Systems What is a Restaurant Reservation System? Definition and Benefits appeared first on SynergySuite.

Definition 52

Definition POS Systems Scheduling Reservations 52

Les Roches

JANUARY 8, 2024

Photo Credit Main Image: We Are/DigitalVision via Getty Images The post Exploring personalized marketing: A definitive guide appeared first on Les Roches. If you want to learn all these emerging marketing trends and how to steer a hospitality business to success, enrol with Les Roches today.

Definition 52

Definition Marketing Information Communication 52

Synergy Suite

FEBRUARY 28, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business The post Multi-Channel POS Systems: Definition and Benefits appeared first on SynergySuite.

POS Systems 52

POS Systems Definition Front of House Demo 52

Hospitality Magazine

AUGUST 21, 2024

Changes to casual employment A new definition of “casual employee” will be introduced to the Fair Work Act. Independent contractor changes A new definition covering the meaning of “employee” and “employer” will be added to the Fair Work Act.

Definition 238

Definition Document Information Accounting 238

Revenue Hub

NOVEMBER 7, 2022

The post Hotel Demand Based Pricing: Definition, Benefits and Practical Examples appeared first on Revenue Hub. It’s all about taking advantage of that sense of urgency and adjusting your price in line with the higher price that late adopters are willing to pay. Read more articles from Beonprice.

Pricing 77

Pricing Definition Article Marketing 77

EATER

NOVEMBER 16, 2021

You definitely want to make sure you have a nice, solid, non-melted ice pack.”. If the dishes require refrigeration, you’ll want to make sure that you’ve got an ice pack that’s still frozen completely solid to make sure that your food doesn’t spoil in transit.

Definition 106

Definition Accounting 106

Hospitality Net

DECEMBER 5, 2023

In an era of rising operational costs and sustained labor challenges, operational efficiency in hotel back offices has become paramount. Uncover simple steps to automating many aspects of a back office that will improve hotel operations, reduce costs, and decrease your hotel’s environmental footprint.

Definition 93

Definition 93

Synergy Suite

MAY 16, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business Restaurant Reservation and Table Management Systems What is a Restaurant Reservation System? What is PAR level?

Definition 52

Definition POS Systems Vendor Management Scheduling 52

eHotelier

OCTOBER 29, 2023

There is no definitive guide to social media marketing because social media is constantly evolving, but these tips can help you always stay ahead of the curve.

Marketing 279

Marketing Definition 279

Fast Casual

SEPTEMBER 7, 2023

In this eBook, we dive into lease management for growing franchises. We untangle complexities, explore solutions, and reveal the power of modern technology. Just as a well-baked cake needs the right mix, we'll uncover how a lease management platform can transform challenges into growth opportunities.

Definition 71

Definition 71

Hospitality Net

DECEMBER 4, 2023

Hotels use, on average, 20 discrete on or above-property systems to service their guests, manage operations, and facilitate commerce. This complicated web of systems was born out of necessity, because of the complexity of running a hotel. As a result, data has become siloed, which in turn has led to new commercial and operational challenges.

Definition 52

Definition 52

Hospitality Net

APRIL 30, 2024

It takes patience, practice, commercial nous and access to the best data and software available. We hope, that with a good understanding of the topic, the starting point of which is a familiarity with its foremost terms and concepts, you’ll be able to more than exceed 12.5% in your efforts at your hotel.

Definition 80

Definition 80

The Restaurant Times

JUNE 11, 2020

Are these definitions of the same model? The post One Restaurant Concept, Many Names: Delivery-Only Restaurant Defy Traditional Definitions appeared first on The Restaurant Times. Or are they different? This blog post answers all such queries and uncovers the right interpretation of this revolutionary model. .

Definition 83

Definition Front of House Maintenance Kitchen Operations 83

SiteMinder

OCTOBER 5, 2023

What is RevPAM? RevPAM is a key performance indicator hotels use within their revenue management. RevPAM means revenue per available metre. RevPAM is a metric that takes the entire space of the property into the equation, as opposed to simply looking at RevPAR or TrevPAR.

Definition 59

Definition Blog Events Pricing 59

Les Roches

DECEMBER 27, 2023

Photo Credit Main Image: fizkes/iStock via Getty Images The post Exploring the world of guest services: from definitions to job descriptions appeared first on Les Roches. This gives you access to a wide range of careers, everything from service agent to guest services manager.

Guest Services 52

Guest Services Definition Customer Service Concierge 52

Hospitality Net

OCTOBER 29, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions.

Pricing 71

Pricing Definition Marketing 71

Fast Casual

MAY 28, 2024

Scaling certainly means growth, but with this growth comes diversity – various locations, lease agreements, and operational intricacies. What was once easily managed by spreadsheets can swiftly turn into a labyrinth of details that demand attention. How can you manage all these details without missing an important date or deadline?

Definition 40

Definition 40

Hospitality Net

AUGUST 1, 2023

Every had an amazing stay experience either for business or for pleasure, everything went right from the check-in to the room and everything in between, and now you are going home or on to your next destination, but before you go, how about a spot of breakfast before hitting the road?

Definition 83

Definition 83

Synergy Suite

FEBRUARY 7, 2023

Definition, Types, and Benefits Multi-Channel POS Systems: Components and Benefits Restaurant POS Features and Examples Choosing the Best POS System for Your Restaurant Business The post What is a Restaurant POS System? POS Definition, Types, and Benefits appeared first on SynergySuite.

POS Systems 52

POS Systems Definition Server Information 52

SiteMinder

OCTOBER 15, 2023

What is hotel dynamic pricing? Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. Taking supply and demand into account, dynamic pricing allows for prices to fluctuate regularly so the hotel can maximise revenue.

Pricing 59

Pricing Definition Book Marketing 59

MEWS

MARCH 1, 2024

This requires an ambitious approach to utilization, and it’s definitely something hospitality can learn from. The utilization mindset Running a profitable airline is hard. In 2023, the industry’s net profit margin was less than three percent.

Definition 147

Definition 147

eHotelier

MARCH 21, 2024

VisitEngland’s Easter Trip Tracker survey, published today, indicates that 11 million Brits are definitely planning an overnight holiday trip in the UK for the Easter weekend, bringing an estimated £3.2 billion boost to the economy.

Definition 130

Definition 130

Hospitality Net

OCTOBER 29, 2024

Since I’m an engineer, I will focus on clear definitions. Let’s start with defining what I mean by AI in this post. I am going to talk not only about the brand new Generative AI, but about a broader range of technologies that are used to enable computers to simulate human intelligence and problem-solving capabilities.

Definition 93

Definition 93

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. Table of contents. What is hotel revenue forecasting?

Definition 52

Definition Book Reservations Accounting 52

The Restaurant Times

FEBRUARY 19, 2022

The post The Fine Dining Definition And What Its Experience Should Feel Like appeared first on The Restaurant Times. Fine dining restaurants are thus designed to leave a strong impression through minor but effective touches, assisting them in building their legacy and patronage. Looking forward to opening a fine restaurant?

Definition 52

Definition Server Training Maintenance 52

Hospitality Magazine

SEPTEMBER 23, 2024

“He went out of his way to acknowledge the inspiration he took from the women in his family – definitely for cooking but also for the enduring family values which guided him.” ” Chefs have taken to social media to offer their condolences and pay tributes to Malouf, with many sharing personal stories.

Definition 246

Definition Magazine Book 246

Hospitality Net

OCTOBER 18, 2024

And while there seems to be no definitive answer, one thing is certain: that’s a lot of options. The United Nations World Travel Organization has estimated that there are roughly 700,000 hotels in the world–from hostels to uber-luxury. Other estimates suggest the number is closer to 1 million properties–and some believe there are even more.

Definition 98

Definition 98

eHotelier

AUGUST 22, 2023

million Brits are definitely planning an overnight holiday trip in the UK this Bank Holiday weekend, bringing an estimated £2.7 VisitEngland’s August Bank Holiday Trip Tracker survey, published today, shows that 9.7 billion boost to the economy.

Definition 130

Definition 130