Modern Restaurant Management

NOVEMBER 18, 2020

Because public relations lets the public know that you are open for business and are active in your market sectors. Identifying your key audience is an important part of your strategic plan. Yet, in a crisis like this, there’s one critical thing that should not be forgotten: public relations. Why public relations, you ask?

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Hotelogix

DECEMBER 7, 2023

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. Choosing the right OTAs to partner with requires research and strategic planning. It would help if you comprehended which OTA will benefit your business as a hotel owner by aligning with your target market.

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Lodging Magazine

MARCH 23, 2023

As I learned more about leadership, strategic planning, customer service and marketing, I was excited about the career path opportunities. Each division in hospitality teaches you a new skill set that can easily be transferable anywhere in […] The post Making Memories Every Day appeared first on LODGING Magazine.

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Modern Restaurant Management

APRIL 4, 2024

That's one of takeaways in You Can't Market Manure at Lunchtime: And Other Lessons from the Food Industry for Creating a More Sustainable Company by Maisie Ganzler, chief strategy and brand officer of Bon Appétit Management Company. Why did you want to write this book and why now?

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Revenue Hub

MARCH 25, 2024

Much of their day-to-day activities involve meticulously monitoring and adjusting room rates to stay competitive and responsive to market dynamics. Strategic Oversight The operational intensity of managing room rates and occupancy also means that revenue managers have limited bandwidth to engage in strategic work.

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Strategic Planning Guest Satisfaction Article Marketing 108

Social Hospitality

NOVEMBER 20, 2024

This demand affects those in customer-facing roles and puts a lot of pressure on hospitality marketers. Planning holiday content can be overwhelming, but a structured editorial calendar makes it manageable and effective. Involve key stakeholders in the planning process, such as designers, writers, and social media managers.

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Hotel Business

OCTOBER 12, 2023

In this role, Anderson leads several of the organization’s key functions including sales and marketing, group sales and resort operations. ” Anderson joined Odyssey Resorts in 2022 as VP, strategic planning, and has more than three decades of experience in the hospitality industry.

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Hotel Business

AUGUST 26, 2024

The executive team expansion is a part of the company’s strategic plan for further growth into new markets and segments. Twenty Four Seven Hotels continues to enjoy strong momentum well into 2024, expanding our footprint in existing markets and entering new ones like Texas,” said David Wani, CEO, Twenty Four Seven Hotels. “We

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Revenue Hub

NOVEMBER 3, 2023

For the later part of the year we rely heavily on our current forecasts to build the numbers for the following year as well as up-to-date market and industry forecasts and trends.” Create a Strategic Plan “Planning is critical,” said Elena Ladisova, vice president of Brookfield Asset Management.

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Budgeting Strategic Planning Article Accounting 108

Modern Restaurant Management

FEBRUARY 7, 2023

Offering increased visibility for brands and expanding the pool of customers restaurants are able to reach, the dynamic services these apps provide are essential for owners and operators competing for relevance and market share in a rapidly shifting landscape of business models utilizing SaaS technology.

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Revenue Hub

AUGUST 28, 2024

To successfully capture overflow business, small hotels need to monitor local event calendars and market trends closely. Leveraging Local Event Data for Strategic Planning An effective strategy for small hotels to capture overflow business is to leverage local event data.

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Events Strategic Planning Article Marketing 109

Revenue Hub

NOVEMBER 19, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date With strategic planning, restaurants can unlock the full revenue potential of holiday events and private dining. Pull data on past event clients to pro-actively market to them.

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Boutique Hotel News

MARCH 20, 2023

As COO, Bhogaraju will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses. Bhogaraju said: “I am thrilled to join OTA Insight and work alongside such a talented, driven and dedicated team.

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Boutique Hotel News

MARCH 20, 2023

As COO, Bhogaraju will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses. Bhogaraju said: “I am thrilled to join OTA Insight and work alongside such a talented, driven and dedicated team.

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Strategic Planning Customer Service Pricing Marketing 130

Revenue Hub

OCTOBER 8, 2024

Expert opinions : Engages insights from hotel management and operational staff to understand local market dynamics. Just as leveraging market analyst input is valuable, there’s no replacement for the firsthand insights provided by those directly involved in day-to-day operations.

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Strategic Planning Revenue Projections Article Information 109

Hospitality Net

MAY 15, 2023

The Indian Hotels Company Limited, India’s hospitality market leader, today reported its progress under Ahvaan 2025, a strategic plan with an objective of being the most iconic and profitable hospitality company in South Asia.

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Revenue Hub

MAY 10, 2024

By comparing these metrics, you can identify strengths and weaknesses relative to your competition and adjust your marketing strategies, pricing, and service offerings to improve your market position. This concept is crucial for strategic planning and operational adjustments in the hospitality industry.

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Revenue Hub

JUNE 11, 2024

A Hotel Manager should be comfortable with using revenue management insights for strategic planning, including setting long-term goals, budgeting, and investment decisions. Read the full article at RoomPriceGenie The post Revenue Management from the Hotel Manager Perspective appeared first on Revenue Hub.

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Strategic Planning Guest Satisfaction Article Pricing 107

Hotelogix

JULY 18, 2024

Hotel forecasting, also known as hotel demand forecasting, is a strategic process that predicts future demand for hotel rooms and services based on historical data, market trends, and various influencing factors. Monitor competitors: Keep an eye on competitor activities and market position to adjust your strategies accordingly.

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Revenue Hub

APRIL 17, 2023

Informed decision-making: Accurate forecasting provides insights into market trends, demand patterns, and financial performance, enabling you to make data-driven decisions about pricing, inventory management, and resource allocation that directly impact your ROI. What’s in it for the owner?

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Strategic Planning Guest Satisfaction Pricing Information 97

Hotel Business

FEBRUARY 7, 2023

My Place Hotels of America has added Jeff Thomas as VP, marketing and Bruce Sneller as VP, leadership development to its executive team to bolster its support for its franchisees through additional investments in traditional, digital and social marketing efforts, and leadership development at the property level.

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Hospitality Net

NOVEMBER 21, 2024

This collaboration remains a key part of Paradores’ strategic plan, which prioritizes digital innovation and sustainability as essential drivers of future growth. Following a record-breaking year in 2023, Paradores is committed to using advanced digital tools to further strengthen its leadership in the Spanish hospitality market.

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Hotel Owner

SEPTEMBER 6, 2023

He also has broad expertise in the real estate market and a thorough understanding of all aspects of the business and corporate areas. He is highly regarded in the market and the financial and real estate fields. ” ​

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Hospitality Net

AUGUST 29, 2024

August 29, 2024 – Aiming to elevate mid-size destinations such as Puerto Vallarta, Amadeus for Destinations offers a turnkey suite of solutions, unique in hospitality, that empower destination marketing organizations (DMOs) to grow and influence their tourism sectors.

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Revenue Hub

MARCH 19, 2024

From this position a BI solution can slice and dice your wide variety of data for actionable analysis and insights, for more informed decision making and strategic planning. In time Lighthouse BI will also be able to integrate further with other financial BI and digital marketing management tools to create further efficiencies.

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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

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Revenue Hub

JUNE 6, 2024

By analyzing historical data, businesses can identify trends, patterns, and insights that can inform their decision-making and strategic planning processes. This can lead to more effective marketing campaigns, better customer experiences, and ultimately, improved business outcomes.

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Revenue Hub

OCTOBER 8, 2024

By tapping into niche markets, offering targeted promotions, and creating tailored guest experiences, hotels can attract travelers seeking fewer crowds, more affordable rates, and seasonal activities. In fact, with the right strategies in place, you can transform this period into a lucrative window of growth.

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Revenue Hub

DECEMBER 3, 2024

Invite these groups back for an anniversary party, follow-up strategic planning session, or suggest making your hotel the annual holiday party venue of choice. To maximize success, start by defining your team goals and objectives—whether it’s promoting a new package, filling need periods, or building awareness in a new market.

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Business Development Strategic Planning Book Article 90

Modern Restaurant Management

JUNE 13, 2024

While market trends and flavors can fluctuate frequently, consistency in quality and flavor are key factors for enduring longevity with these products. In a competitive market, these staples serve as a point of differentiation, setting one QSR apart from another and creating a loyal customer base that keeps coming back for more.

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Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. 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.

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Modern Restaurant Management

SEPTEMBER 16, 2024

By witnessing these areas of opportunity to improve, you can now fully grasp what is needed to develop a strategic plan to streamline operations and increase unit profitability. These efforts will significantly contribute to a stronger market position and loyal customer base.

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Revenue Hub

JANUARY 31, 2023

A SWOT analysis (or SWOT matrix) is a strategic planning tool that allows hoteliers to identify and understand internal and external factors that may impact their business and support decision-making. A SWOT analysis is an important component of any business and marketing plan. What attracts guests to your property?

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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. Payne has also worked as a marketing manager at Expedia Group, a role that she held for the past five years.

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STAAH

MARCH 5, 2024

Crafting a strategic plan for guests to make direct bookings at your hotel is crucial, particularly for Gen Z visitors who appreciate technology and unique experiences. Optimize your Hotel Booking Engine for effective marketing of these personalized deals.

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Modern Restaurant Management

JULY 1, 2024

How important is building relationships with local businesses either to pool resources or focus marketing efforts? This proactive approach helps us anticipate potential shortages of certain ingredients and facilitates collaborative problem-solving and strategic planning. How flexible and creative does a menu need to be?

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Revenue Hub

JULY 25, 2023

Hotel digital marketing is a highly competitive space. It allows marketers to allocate resources strategically, ensuring optimal exposure without overspending. By defining realistic goals, hotels can determine the appropriate budget size, considering factors such as market competitiveness and business priorities.

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