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.

Strategic Planning 62

Strategic Planning Guest Satisfaction Presentation Article 62

Modern Restaurant Management

FEBRUARY 7, 2022

QSRs operate in a competitive and highly complex business space, so one of the highest priorities for these organizations is creating strategic plans that will reduce food waste to avoid lost revenue and wastage disposal fees. According to Rethink Food Waste Through Economics and Date , the U.S. restaurant sector generates 11.4

Events 197

Events Strategic Planning Scheduling Accounting 197

Hotelogix

JANUARY 12, 2025

Regularly updating your site with blogs about local events or hidden gems nearby also signals search engines that your website is relevant and engaging. Share Local Insights: Position your hotel as a local expert by sharing posts about nearby attractions, events, or insider tips. They’re looking for something real and relatable.

Book 130

Book Pricing Marketing Events 130

Social Hospitality

FEBRUARY 5, 2025

Whether you run a hotel, restaurant, or event venue, your digital presence is key to attracting customers. Paid advertising works best for urgent promotions, including hotel deals during seasons and new restaurant openings, alongside special events that are limited in duration.

Events 52

Events Special Events Strategic Planning Marketing 52

Revenue Hub

MAY 10, 2024

This concept is crucial for strategic planning and operational adjustments in the hospitality industry. Event Space Offerings The size, variety, and quality of event spaces are crucial for hotels focusing on group sales and events.

Strategic Planning 108

Strategic Planning Information Article Events 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?

Guest Satisfaction 130

Guest Satisfaction Budgeting Book Pricing 130

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.

Strategic Planning 98

Strategic Planning Events Presentation Marketing 98

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.

Strategic Planning 109

Strategic Planning Guest Satisfaction Article Marketing 109

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.

Strategic Planning 108

Strategic Planning Guest Satisfaction Article Pricing 108

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.

Strategic Planning 106

Strategic Planning Blog Article Information 106

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.

Strategic Planning 109

Strategic Planning Revenue Projections Information Article 109

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.

Pricing 108

Pricing Strategic Planning Article Catering 108

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.

Strategic Planning 151

Strategic Planning Document Events 151

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.

Budgeting 197

Budgeting Communication Strategic Planning Definition 197

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.

Book 106

Book Pricing Download Strategic Planning 106

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.

Events 105

Events Strategic Planning Marketing 105

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.

Download 180

Download Strategic Planning Pricing Events 180

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.

Events 52

Events Event Coordination Communication Travel and Tourism 52

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.

Pricing 98

Pricing Article Strategic Planning Book 98

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.

Special Events 102

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.

Catering 109

Catering Travel and Tourism Events Marketing 109

7 Shifts

JULY 12, 2024

Catering services Catering services provide food for events such as weddings, parties, and corporate functions, often preparing food off-site and delivering it to the event location. Catering services typically have profit margins between 7% and 8% because of lower overhead costs and the ability to charge higher prices for events.

Catering 158

Catering Maintenance Pricing Scheduling 158

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.

Communication 171

Communication Scheduling Back of House Strategic Planning 171

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.

Property Management 130

Property Management Housekeeping Maintenance Server 130

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.

Training 107

Training Strategic Planning Pricing Information 107

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.

Travel and Tourism 98

Travel and Tourism Budgeting Business Development Strategic Planning 98

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.

Document 97

Document Pricing Information Strategic Planning 97

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.

Pricing 108

Pricing Book Cost Reduction Download 108

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.

Business Development 129

Business Development Marketing Events Strategic Planning 129

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.

Pricing 98

Pricing Book Strategic Planning Blog 98

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.

Strategic Planning 52

Strategic Planning Business Development Events 52

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.

Travel and Tourism 40

Travel and Tourism Strategic Planning Events Budgeting 40

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.

Strategic Planning 59

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.

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 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.

Special Events 52

Special Events Strategic Planning Guest Satisfaction Events 52

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.

Event Coordination 52

Event Coordination Housekeeping Training Front Desk Operations 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.

Training 52

Training Customer Service Communication Guest Satisfaction 52