Hospitality Net

JANUARY 29, 2025

With all the dynamics facing the hospitality industry, like shifting room prices, labour shortages, changing travel habits, and the push for sustainability, procurement plays a key role in handling these issues. It acts as a strategy to cut costs and create value.

Procurement 59

Procurement Pricing 59

Modern Restaurant Management

MAY 10, 2022

Nobody has time for that when there is a crowded dining room, to-go orders flying out the window and customers complaining about their favorite menu items going up in price. It can take hours to manually figure out things like recipe costs, ingredient prices and inventory counts. Partner with Supply Chain Experts.

Cost Reduction 197

Cost Reduction Pricing Procurement Information 197

Hotel Business

AUGUST 22, 2024

Sonesta has launched a new incentive program that provides a 2% incentive to franchisees who utilize the company’s procurement program for purchasing needs. Our procurement incentive program demonstrates our commitment to providing exceptional value and support to our owners.

Procurement 59

Procurement Document Pricing 59

7 Shifts

NOVEMBER 25, 2024

Especially with buyers juggling 300+ ingredients each week, it can be difficult to stay on top of deals and prices. With the slim margins, there is tremendous pressure to pour through each of your supplier’s catalogues in an attempt to alter your menu items to make sure you don’t order when prices are high.

Back of House 88

Back of House Training Procurement Server 88

Modern Restaurant Management

AUGUST 22, 2024

With guests searching for value, how can local restaurants compete and thrive in such a competitive market and build trust withconsumers who are more cautious about price and safety than ever? "Value "People tend to go to fast-food restaurants for the speed and lower price point.

Information 161

Information Procurement Pricing Customer Service 161

Modern Restaurant Management

MAY 26, 2022

Since we can’t get away from rising prices and supply chain bottlenecks, we can look for new approaches that can help manage the impact. Many restaurants are doing this by raising prices, cutting costs, taking items off the menu, and making do with lean crews. When is the season for the produce I want to work with?

Pricing 183

Pricing Procurement Information Events 183

Boutique Hotel News

JANUARY 3, 2023

The online platform by MeetingPackage provides customers with price information and the live availability of meeting room spaces across Clermont Hotel Group’s London portfolio. UK: Clermont Hotel Group (CHG) has partnered with MeetingPackage to allow customers instantly book meeting rooms. We truly believe that Clermont are leading the way.

Book 130

Book Procurement Information Pricing 130

Modern Restaurant Management

JULY 18, 2022

Fast forward to today, and chicken prices are at historic highs, as is the soybean oil used for frying the chicken. As a franchise brand with dedicated distributors, vendors, and a healthy list of secondary sources to procure tier-one ingredients to run our poke model, our distribution worries are less than the status quo.

Procurement 197

Procurement Customer Service Pricing Marketing 197

Revenue Hub

DECEMBER 15, 2023

NB: This is an article from Craftable Subscribe to our weekly newsletter and stay up to date Optimizing back-of-house processes like procurement and using data to manage current inventory and help predict future trends can help operators control purchase orders, reduce financial risks and anticipate and adjust to future needs based on past trends.

Procurement 109

Procurement Accounting Front of House Back of House 109

Hotel Owner

JUNE 14, 2024

That said, improvements in three key areas of sales, revenue, and procurement, can often be a driver for positive change and profitability. Procurement – Strategic sourcing for enhanced profitability Savvy financial management is a key driver of sustainable success at any hotel, venue, or hospitality setting.

Procurement 52

Procurement Business Development Book Housekeeping 52

Modern Restaurant Management

JUNE 9, 2023

Get Your Licenses in Order Starting a restaurant business involves registering with the authorities and procuring the relevant licenses. Paying attention to pricing and menu design is also crucial as restaurants need to gauge what their customers order and the appropriate prices they will pay for these dishes.

Document 163

Document Training Procurement Marketing 163

Modern Restaurant Management

FEBRUARY 21, 2022

Vegan restaurants are hit hard as their raw material procurement is very specific and relatively complex. The low prices of fast food chains will help attract customers, including those who usually order meat options. These factors are expected to create a loop.

Blog 221

Blog Marketing Procurement Pricing 221

EATER

APRIL 18, 2024

In this moment of ever-increasing food prices, it’s starting to feel a bit like the bad old days. If you’re planning to host a group that wants to feast on caviar, king crab legs, or some other outrageously priced delicacy, it’s perfectly reasonable to ask attendees to chip in to procure these extravagant ingredients.

Procurement 139

Procurement Definition Pricing 139

Modern Restaurant Management

JULY 16, 2021

Independent drivers, though, should be advised to procure their own coverage. There’s a price for the unrelenting barrage of natural disasters, and it’s making excess liability insurance hard to find above standard liability limits.

Procurement 189

Procurement Server Pricing Marketing 189

Hotel Business

APRIL 1, 2024

Among the services provided by the CoralTree Residence Collection are owner relations and renovation services; accounting and financial services; guest/concierge services; front desk and amenity management; maintenance and capital project oversight; marketing; distribution and pricing; housekeeping; asset management; and procurement.

Procurement 111

Procurement Concierge Housekeeping Maintenance 111

EATER

AUGUST 20, 2024

Known for its “Every Day Low Prices,” the chain is the country’s dominant grocery retailer. Gao had to focus on building what she calls a “world-class supply chain” to ensure that she could procure enough high-quality spices to stock thousands of new stores with her product. They don’t leave you on an island. at Walmart.

Pricing 125

Pricing Procurement Marketing Definition 125

Hotel Owner

OCTOBER 17, 2022

Regardless of whether you’re running a single site or multiple location operations, having a centralised procurement system that can be accessed by management, chefs, and finance is the key to keeping costs under tighter control. With fewer suppliers, you may reduce delivery volumes which reflects in prices. Price tracking .

Pricing 105

Pricing Procurement Presentation 105

Modern Restaurant Management

APRIL 18, 2024

This makes it tough for companies to capture the market share and have to resort to competitive pricing, complimentary services and providing excellent quality products. This can cause delays in the procurement process and could raise expenses for restaurant owners.

Marketing 117

Marketing Procurement Budgeting Pricing 117

Modern Restaurant Management

FEBRUARY 13, 2023

While it may not be intuitive to lead with values when a possible recession is on the horizon, customers driven by value are more likely to remain loyal when prices rise. With more locations, financial risk is not only mitigated, but procurement of costlier items also goes down. Where are you investing your capital?

Procurement 179

Procurement Budgeting Article Pricing 179

The Restaurant Times

DECEMBER 5, 2020

As the price of raw materials fluctuates throughout the year, it’s important to analyze your food costs regularly. At the time of deciding the menu prices, the price of certain ingredients might have been less. As a general practice, you can compare the prices of other vendors and your current suppliers. .

POS Systems 96

POS Systems Pricing Procurement Marketing 96

Hotel Business

JULY 19, 2024

Through this program, our powerful suite of data and digital tools, procurement solutions and supply-chain expertise will help Choice Hotels deliver opportunities for their franchisees to create memorable hospitality experiences for hotel visitors.” The post Choice signs agreement with GPO Entegra appeared first on hotelbusiness.com.

Procurement 59

Procurement Guest Satisfaction Pricing 59

Boutique Hotel News

APRIL 21, 2023

We are procuring renewable energy across the portfolio, whereby 100 per cent of our electricity is renewable. As prices fall there may be the feeling that less money is needed to be invested into decreasing expenditure (energy prices). However, we believe momentum should be kept up to avoid further volatility.”

Travel and Tourism 246

Travel and Tourism Information Business Development Procurement 246

Revenue Hub

JUNE 12, 2023

However, if we change our perception and start believing it to be an acquisition investment for procuring a customer, whom you may turn into a loyal repeat customer too, then this cost will automatically look apparently low. In the era of dynamic pricing, forecasting occupancy is not always yielding accurate results. the bottom line.

Book 95

Book Procurement Pricing Article 95

Modern Restaurant Management

MARCH 11, 2020

This edition of MRM News Bites features a double dose from US Foods, SpotOn Transact, DoorDash Kitchens, Virtual Restaurant Consulting, Tripleseat and Gather, wagamama, Toast, The Gluten Intolerance Group, Instawork and StaffMate Online, Procurant and Yellofin, Sift, 7shifts, ParTech, Revel Systems and Como, Kabbage, Bluecrew and Cuboh.

Procurement 155

Procurement Marketing Scheduling Events 155

Hotel Business

AUGUST 27, 2024

We were able to achieve a sale price extremely close to the list without formally going to market,” said Jared Plamann, senior associate. Plamann and Jake Erickson, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer.

Procurement 59

Procurement Pricing Marketing 59

Lodging Magazine

NOVEMBER 15, 2022

Challenged by both price increases and supply chain disruptions, buyers do well to exercise all the best practices at their disposal, including flexibility in product selection when possible, closely monitoring price fluctuations, exploiting volume buys, and maintaining regular communications with suppliers.

Marketing 104

Marketing Pricing Communication Magazine 104

The Restaurant Times

JULY 20, 2020

This metric helps in determining if the menu items have been priced correctly or the food cost is high. . By calculating CoGS periodically, cloud kitchens can procure inventory more accurately and take adequate measures to control the high inventory costs, identifying ways to minimize these costs. . Food Cost Percentage.

Pricing 90

Pricing Kitchen Operations Procurement Catering 90

Hotel Business

APRIL 11, 2023

In addition to offerings through its Manufacturer Direct program, Wyndham franchisees can still access more traditional renovation programs through its Procurement Service Providers (PSP). PSPs allow franchisees complete control to customize their level of support and offer different levels of pricing.

Procurement 105

Procurement Budgeting Pricing 105

Larry Mogelonsky

OCTOBER 9, 2023

While this price tag may induce sticker shock, it’s an example of pain now, profit later. Bonus points here on the sustainability front as this push for everything local has sharply minimized food miles insofar as the procurement of exotic raw materials. The result is that fragrances are kept intact.

Training 100

Training Procurement Pricing 100

Hotel Owner

OCTOBER 12, 2022

Almost all of our hotels are still on fixed price energy contracts, which were put in place prior to the dramatic increases we saw earlier this year, which has meant they have been protected for now. Have any of the hotels under RBH been hit by the cost-of-living crisis and energy costs? . Many of these are due to end this time next year.

Marketing 105

Marketing Procurement Housekeeping Facility Management 105

Boutique Hotelier

JANUARY 5, 2023

Rising utility costs are posing a huge threat to the hotel sector, with many hospitality businesses facing the prospect of a bleak few months of survival as prices for electricity, energy and heating increase. He told BH that the hotel locked in its gas and energy prices at the beginning of 2019 for three years. Philip Turner.

Pricing 82

Pricing Procurement Presentation Budgeting 82

Modern Restaurant Management

DECEMBER 28, 2020

When others have pulled back, we kept innovating by adding new menu items (a new Porterhouse steak, Wagyu New York Strip), half priced bottles of South American wine, To-Go experience packages and more. Operators and manufacturers are going to begin to shift to an ecommerce model for foodservice procurement.

Sanitation 230

Sanitation Events Marketing Communication 230

Hotel Owner

JUNE 30, 2023

Energy prices, inventory management, and employee productivity all play critical roles in the profitability of a hotel. Effective inventory management systems and supply chain partnerships also help streamline procurement processes, minimise waste, and ensure cost-effectiveness.

Travel and Tourism 105

Travel and Tourism Strategic Planning Procurement Concierge 105

Hotelogix

OCTOBER 18, 2023

Regular orders and clear communication help build trust, leading to better pricing and priority service. 👉 Supplier Management: Establishing relationships with reliable suppliers and negotiating favorable terms for procurement.

Procurement 100

Procurement Special Events Guest Satisfaction Pricing 100

Hotel Owner

SEPTEMBER 9, 2024

Waste tracking not only reduces waste but can also save costs on food procurement by eliminating unnecessary over-purchasing. Offering different portion sizes at varied price points not only reduces food waste but also provides guests with options that fit their appetite, thus enhancing customer satisfaction.

Portion Control 115

Portion Control Menu Planning Training Procurement 115

Luxury Hospitality Magazine

NOVEMBER 1, 2022

Hotels and restaurants across Scotland have united to ‘Help out Hospitality’ in a move inspired by the successful ‘Eat Out to Help Out’ scheme rolled out by the UK government during the COVID-19 crisis.

Procurement 52

Procurement Document Pricing Magazine 52

The Restaurant Times

JUNE 28, 2021

However, even though you have no control over the prices of food, you can still adopt measures to control the food costs of your restaurant in the UAE. . Track And Manage Food Prices. Tracking food prices is a good practice for restaurateurs. Due to the high demand, suppliers often lower their prices.

Procurement 52

Procurement Pricing Portion Control POS Systems 52