SiteMinder

AUGUST 1, 2024

Hoteliers use rate shopping to benchmark against other properties, optimise pricing decisions, and find opportunities to maximise revenue and profitability. Today’s market demands the adoption of dynamic pricing and hotels now regularly change rates daily or even multiple times in a given day.

Pricing 78

Pricing Book Blog Marketing 78

SiteMinder

JULY 13, 2024

Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Optimal strategies and techniques are dynamic, based on the understanding that hotel pricing is fluid and can change from one day to the next.

Pricing 98

Pricing Book Budgeting Marketing 98

Synergy Suite

DECEMBER 7, 2023

Revenue per seat represents the average income generated for each occupied seat within a specified timeframe, offering a nuanced perspective on customer spending patterns and the effectiveness of pricing strategies. It helps you identify trends, measure the impact of pricing changes, and assess the success of marketing initiatives.

POS Systems 52

POS Systems Pricing Training Reservations 52

Synergy Suite

OCTOBER 19, 2023

This metric provides insights into your restaurant’s pricing strategies, menu composition, and upselling techniques. This can help you assess the effectiveness of pricing strategies and upselling techniques. This information helps in fine-tuning menu composition and pricing strategies. Are there underperforming items?

Pricing 52

Pricing Training Information Presentation 52

Synergy Suite

OCTOBER 12, 2023

Analyze the gross profit margin to understand how efficiently you’re managing costs and pricing your menu items. Gross profit is a critical indicator of the core profitability of a restaurant’s menu items, reflecting how efficiently it manages costs and pricing.

Portion Control 52

Portion Control Pricing Accounting Procurement 52

Lithos POS

SEPTEMBER 27, 2023

It helps you to calculate bills and taxes accurately based on the items ordered, their prices, and any applicable taxes or discounts. Business Insights With the help of POS reports and analytics, you can make data-driven decisions to optimize menu offerings, pricing, marketing, and financial decisions.

POS Systems 69

POS Systems Accounting Front of House Server 69

Synergy Suite

OCTOBER 5, 2023

This could include renting out space or property to other businesses or for events, any sort of income generated from membership or loyalty programs, income generated from partnerships or joint promotions, or income from catering services that are above and beyond the price of just the food.

Catering 52

Catering Information Events Labor Cost Controls 52

SiteMinder

OCTOBER 10, 2022

Make strategic pricing decisions to improve profitability. Have similarly priced rooms. To get an STR report, you can head to the STR website and request a demo or purchase a report. How did special events or seasonal fluctuations contribute to my hotel’s performance? Offer similar amenities and/or services.

Marketing 52

Marketing Pricing Demo Special Events 52

Synergy Suite

NOVEMBER 2, 2023

Monitor overtime expenses and the use of additional labor resources during peak times or special events. By staying proactive with regular wage analysis, restaurants can make informed decisions about menu pricing adjustments and operational efficiencies to counterbalance the impact of rising labor costs.

Scheduling 52

Scheduling Training Information Cost Reduction 52

Synergy Suite

JULY 20, 2024

Restaurants, in particular, may resort to double shifts during peak seasons or special events when an increased workforce is necessary to handle the customer surge. We would love to set up a personalized demo showing how our suite of applications can help you run every aspect of your restaurant more efficiently.

Bookkeeping 52

Bookkeeping Scheduling Accounting Information 52

Modern Restaurant Management

JUNE 19, 2020

” Features include: Ingredient Price Tracker — Monitor item price fluctuations to audit and avoid vendor discrepancies. Product Catalog — View and manage the details of all products the restaurant has purchased, including units of measurement, price, and quantity. Safety, Collaboration and Communcations.

Sanitation 145

Sanitation Information Marketing Document 145

Hotelogix

JANUARY 31, 2025

Hidden Ways to Upgrade Your Room Tell them about special events. Hotels catering to business travelers often cut their prices on weekends to draw in leisure guests. Request a Demo With Hotelogix PMS Tripadvisor found that Tuesday is the cheapest day to check in. Show up later in the day. Better perks.

Communication 100

Communication Demo Special Events Book 100