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Hotel Revenue Management for Small Hotels [Free-Ebook]

Hotelogix

Market volatility: Fluctuating demand, seasonality, and unexpected events (like the COVID-19 pandemic) can make it challenging to maintain consistent revenue streams. Dynamic pricing, on the other hand, adjusts rates in real-time based on current market data, including demand, supply, competitor rates, and special events.

Pricing 130
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Gamification Prompts Restaurant Engagement and Loyalty

Modern Restaurant Management

If acquisition is something you want to put dollars behind, gamification content can be a fresh and clever way to acquire new customers, motivate app downloads, and capture zero-party data. ” Almost every restaurant chain in the industry has employed launches, special events, and LTOs at one point or another.

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New innovations come to hotel TVs

Hotel Business

Hotels will have the opportunity to unlock new revenue streams with on-screen advertising for property-centric dining, shopping, spas, special events, casinos and more. Additionally, OnStream will soon tap into loyalty data to personalize guest offers.

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How to Use the Principle of Reciprocity to Grow Your Business Faster

Modern Restaurant Management

Reward those early fans with special treats – access to special events, promotions, or discounts are always great, but even a handwritten thank you card can go a long way in turning a fan into a lifelong follower. Clients who download and regularly use an app you provided are very likely to provide a rating when asked.

Marketing 137
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Owning a Bar: Everything You Need to Know

7 Shifts

Funding : Options include family and friends, the bank, and outside investors Restaurant Business Plan Template Start creating you restaurant business plan with our free PDF template Download now 3. Get Funding (If Required) Before Starting a Bar One way to get funding is to opt for a loan from a bank.

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MRM Research Roundup: Seasonal Hiring, Online Ordering and Feeding the Workplace

Modern Restaurant Management

They also reported interest in additional workplace offerings such as restaurant pop-ups, food trucks, grab-and-go, and special events. In fact, the number of survey respondents reporting they order for daily and weekly recurring meals has increased 32 percent year-over-year.

Catering 156
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Increasing Customer Loyalty with Restaurant POS System Program

LimeTray

monthly or annually) to receive ongoing benefits such as exclusive discounts, free items, or access to special events. Exclusive Member-Only Rewards One way to make customers feel special and appreciated is by offering exclusive member-only rewards. Fill out the form to download the full case study here.