Revenue Hub

MARCH 25, 2024

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date While necessary and partly automated by a revenue management system, this operational focus consumes considerable time, leaving little room for strategic planning and innovation.

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Strategic Planning Guest Satisfaction Article Marketing 108

Hotelogix

JULY 18, 2024

Update forecasts regularly: This will help you understand the latest market trends, booking patterns, and external factors such as economic changes or seasonal events. External events: Conferences, sporting events, and other local events can significantly influence demand. How do we Forecast Hotel Occupancy?

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Hotel Owner

JULY 19, 2023

Lucknam Park Hotel and Spa has made two appointments to its senior leadership team, with Nicola Payne joining as the new head of Sales and Events and Francesca Mannone as the new head of Marketing. My passion for travel and dedication to creating exceptional guest experiences perfectly align with the ethos of this extraordinary property.

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Revenue Hub

JUNE 11, 2024

The role of a Hotel Manager (or General Manager) is multifaceted, requiring a blend of leadership, operational expertise and the ability to develop and oversee the execution of strategic business goals.

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Revenue Hub

OCTOBER 8, 2024

Scenario planning : There are numerous situations, both economic changes and “black swan” events, where there is benefit to anticipating different market conditions. Reasons for hotel forecasting Effective hotel forecasting provides multiple benefits, not only with strategic planning, but also at the operational level.

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Revenue Hub

NOVEMBER 27, 2023

Understanding revenue patterns is crucial for effective management and strategic planning. The fluctuating number of weekends in a month, seasonal variations, local events, and even global occurrences like economic shifts or pandemics can significantly skew these numbers, leading to misinterpretations if not carefully analyzed.

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Les Roches

JANUARY 15, 2024

The events industry is expanding rapidly, which means lots of opportunities for those with dedication and enthusiasm. Entering the­ field of event manage­ment may seem initially daunting. In re­ality, becoming an event manager requires more than just an appre­ciation for special occasions; it demands a diverse­ set of capabilities.

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Revenue Hub

OCTOBER 8, 2024

With a little creativity and strategic planning, hotels can make the shoulder season a time of opportunity, rather than a period of slow business. Promote Local Experiences During Hotel Shoulder Season During the shoulder season, you can capitalize on local events, festivals, and off-the-beaten-path attractions.

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Pricing Strategic Planning Article Catering 107

Modern Restaurant Management

JANUARY 23, 2023

It is an ongoing process at La Vida nurtured through a series of programs, events, and celebrations to facilitate these connections and prove it to our staff. Third, we include Team Development in all of our strategic plans and budgets. We want to build up how much people care about each other.

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Modern Restaurant Management

AUGUST 31, 2021

." The National Restaurant Association will continue to monitor the effect of COVID-19 on the industry in the coming months and plans a full State of the Restaurant Industry Report in early 2022. Irby joined the organization in 2010 and has played an integral role in advancing the strategic plans for both the Association and Foundation.

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Hotel Business

JUNE 25, 2024

“If you look at the silver lining of it, it allowed us to plan everything,” said Piedra. “It It allowed us to really put a strategic plan together of where we really wanted to go.” outdoor event lawn called The Grove recently debuted. We do a lot of customer events around the U.S., The all-new 50,000-sq.-ft.

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Events Strategic Planning Marketing 105

Revenue Hub

NOVEMBER 29, 2023

Factors Influencing the Booking Window Events and Festivals: Unexpected events can suddenly increase room demand, creating variable booking windows. For example, an international sports event could spike bookings around ticket release, months in advance.

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Book Pricing Strategic Planning Download 104

Revenue Hub

JULY 19, 2023

Subscribe to our weekly newsletter and stay up to date Leverage Dynamic Pricing Strategies Dynamic pricing involves adjusting room rates in real time based on factors such as demand, competition, local events, and historical data. Partner with Local Businesses Develop symbiotic relationships with local businesses.

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Revenue Hub

OCTOBER 28, 2024

However, this year’s shortened holiday season means early strategic planning is crucial. Tip 2: Partner with local attractions and events As you create more offers, consider partnering with local attractions and holiday events to curate exclusive packages that go beyond room stays and hotel amenities.

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Modern Restaurant Management

OCTOBER 16, 2019

We believe that you need a combination of what we would call the Five Pillars: food, beverage, entertainment, special events, and corporate or group events. A successful food hall begins with understanding the goal of the developer and how it aligns with the strategic plan of the food hall operator. Next is execution.

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Special Events Strategic Planning Definition Marketing 102

Revenue Hub

SEPTEMBER 12, 2024

While traditional sources like room bookings and event space rentals remain vital, relying solely on them can expose your business to significant risks, especially in times of economic uncertainty or market saturation. Consider leasing underutilized spaces for events, meetings, or even as temporary storage facilities.

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Modern Restaurant Management

JULY 1, 2024

This proactive approach helps us anticipate potential shortages of certain ingredients and facilitates collaborative problem-solving and strategic planning. These partnerships create opportunities for cross-promotion, co-hosted events, and joint initiatives that benefit both parties and resonate with the broader community.

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Hotelogix

SEPTEMBER 12, 2024

They are also responsible for strategic planning to ensure the success of a hotel business. Rate Plan Management : Dynamically adjusts room rates based on occupancy and competition. Banquet & Event Management : Manages bookings and billing for hotel event spaces. to make key business decisions.

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Revenue Hub

OCTOBER 11, 2023

Understanding of Context: Humans can understand the broader context, such as cultural nuances, historical events, or local happenings, which might affect revenue. Automation: Routine tasks can be automated, freeing up time for strategic planning. Weaknesses: Prone to Errors: Manual calculations and decisions can lead to errors.

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Training Strategic Planning Pricing Information 106

Social Hospitality

NOVEMBER 20, 2024

People travel more to visit family and friends during this time, leading to an overflow of events, restaurant reservations, hotel bookings, and other seasonal activities. Identify Key Holiday Dates and Events To begin, it’s essential to pinpoint the holidays and events most relevant to your audience and business.

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Modern Restaurant Management

SEPTEMBER 13, 2024

Strategic planning can also ensure the water does not run off onto sidewalks, where it can refreeze and cause a potential slipping hazard. Instead, plan for water to be diverted to drains or away from pedestrian areas. Do not attempt to use makeshift solutions, such as placing chairs around a spill.

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STAAH

MAY 11, 2023

4) Cultural Festivals & Events Onam , the state’s biggest festival, is celebrated with much fanfare and involves elaborate feasts, traditional games, and performances. Demonstrations and performances of the martial art form are often featured in local festivals and events.

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Hotel Owner

APRIL 29, 2024

Whether it’s to pursue new opportunities, consolidate assets, or respond to market shifts, the sale process demands careful consideration and strategic planning. Alongside this, you should forge strategic partnerships and cultivate relationships within the hospitality industry to identify potential buyers and investors.

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Document Pricing Strategic Planning Information 97

Modern Restaurant Management

MARCH 7, 2020

Voters in the Flavored Nation State Dish Showdown are automatically entered for a chance to win two tickets to a Flavored Nation 2020 event, plus airfare, hotel accommodations and $2,500. The Flavored Nation event celebrates each iconic state dish and gives attendees the opportunity to sample them all in one place.

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Revenue Hub

OCTOBER 23, 2023

To meet business objectives and drive higher revenue and profitability, there are new considerations that today’s revenue managers must account for in their strategic planning. A Revenue manager must constantly adjust pricing strategies based on demand, customer, competitor, and market data to respond to changes in real-time.

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Hotel Business

DECEMBER 20, 2022

Kiersten Pearce was promoted to SVP, executive & strategic initiatives. In her new role, she shapes and develops key industry initiatives and ensures alignment and execution on AHLA’s strategic plan and organizational priorities. Kara Filer was promoted to SVP, strategic partnerships and business development.

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STAAH

MAY 16, 2023

This expectation relies on understanding your hotel’s occupancy data, revenue, room rate and average spend per room for the last couple of months and in the same period the previous year, as well as looks at demand and events. Overall, hotel room pricing is a complex process that requires careful analysis and strategic planning.

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Serviced Apartments

JUNE 24, 2024

Europe: Data released by serviced apartment agent SilverDoor has revealed that sporting events this summer are positively impacting ADRs across the continent. Compared to music events such as Taylor Swift’s Eras tour, SilverDoor data shows overall stability in ADR in the cities where she performs.

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Hotel Business

APRIL 19, 2024

Strategic planning around the logistics of rooms and suites being out of commission ensured minimal disruption to hotel guests. This involved consideration of booking history, the season and local events. Columns were removed from the center of the room to enhance flow and accommodate larger events.

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Strategic Planning Events Book 59

Les Roches

OCTOBER 23, 2023

There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager. They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans.

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Marketing Strategic Planning Travel and Tourism Communication 52

SiteMinder

FEBRUARY 29, 2024

Key focus areas: Inspiring and leading teams to achieve excellence Strategic planning and innovation in hospitality Ethical leadership and fostering a positive organisational culture “Thanks to SiteMinder, we are now working much more efficiently.

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Training Customer Service Communication Guest Satisfaction 52

Hotel Owner

MAY 13, 2024

However, crafting a successful hotel restaurant requires a blend of strategic planning, culinary innovation, and attentive service. This could involve collaborations with nearby producers, participation in local events, or showcasing regional specialties. Successful hotel restaurants actively engage with their local communities.

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Les Roches

JULY 5, 2024

Whether it’s orchestrating flawless events, exceeding guest expectations or leading teams to success, hotel managers have the opportunity to make a meaningful difference. Developing and implementing strategic plans to achieve revenue targets and profitability goals.

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Les Roches

JULY 4, 2024

Event planning and coordination From weddings and conferences to corporate meetings and special occasions, events play a significant role in the hospitality industry. It also requires a strategic approach to business management and decision-making.

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Les Roches

MARCH 8, 2024

Thorough research, strategic planning and meticulous preparation are essential to ensure a competitive application and gain admission to your desired program. Researching and shortlisting potential schools A crucial first step in the application process is to fully research the schools you are considering.

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Les Roches

AUGUST 21, 2024

Duties include strategic planning, financial management and ensuring adherence to brand standards while monitoring and maintaining high levels of guest satisfaction. They also build relationships with corporate clients, travel agencies and event planners to drive bookings and increase occupancy rates.

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Les Roches

JUNE 24, 2024

The role may also involve aspects of marketing, sales, revenue management and strategic planning to increase profitability and competitiveness. Implement email marketing campaigns to nurture leads, communicate with clients and promote special offers or events.

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