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How much is too much for a cup of coffee?

Hospitality Magazine

As the cost of coffee beans surge and cafes push prices towards $7 a cup, the industry is being forced to examine how to keep customers coming back and how much they can charge before customers walk away. Why should it be a third of the price of an average pint of beer? asks La Marzocco Australia Sales Manager Brydon Price.

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Key Methods to Optimize Your Price: Your Lead Domino

Revenue Hub

Price optimization and sensitivity analysis are essential tools for refining your pricing strategy to maximize revenue. By presenting participants with hypothetical guest services that have different characteristics, it captures the trade-offs customers are willing to make.

Pricing 107
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Hotel Pricing for Buyouts: How to Maximize Revenue with Groups

Revenue Hub

Hotel buyouts present a compelling business opportunity that delivers both financial stability and operational efficiency. Read the full article at Tripleseat The post Hotel Pricing for Buyouts: How to Maximize Revenue with Groups appeared first on Revenue Hub.

Pricing 109
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Marketplace Collection Laws Present Unique Challenges for the Restaurant Industry

Modern Restaurant Management

While this decision had little impact on the existing tax obligations of restaurants physically present in a state, it affected other retailers and online marketplaces that generally were not physically present in each state where their independent contractors performed deliveries. Other Compliance Considerations.

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What Restaurant Owners Need to Know About Dual Pricing

Modern Restaurant Management

One of the more popular solutions to helping a business thrive is dual pricing credit card processing. What is Dual Pricing? Dual pricing is a payment model that allows businesses to implement two different prices for credit card transactions. A perfect example of dual pricing is a gas station.

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Hotel Dynamic Pricing: Balancing Profitability & Guest Loyalty

Hotelogix

In this context, hotel dynamic pricing is one of the most critical elements. What is dynamic pricing in hotels?  Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior.

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Beyond the Blurred Lines: The Past, Present, and Future of the Restaurant and Hospitality Industry

Modern Restaurant Management

Many in the industry are already considering growth and seeking to add locations due more available space at an affordable price. The unfortunate amount of closures could actually cause the survivors to thrive. What has the pandemic changed?