Proven Tips to Increase Restaurant Revenue and Profitability

Many industry sources share that an average restaurant has a profit margin of about 7% but recognize yours can fall anywhere between 0-12%

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man looking at a mountain peak contemplating the challenge ahead in much the same way net revenue can be a challenge but also an opportunity with the right mindset

Net Revenue: A Possibility But Not Without a Major Shift in Mindset

We discuss the complexities faced when trying to embrace net revenue and we touch on the evolution of the commercial role and where the finance team fits in

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child with a rubix cube illustrating the various complexities hotels will face as they try adopt net revenue

Net Revenue: A Challenge to Embrace or Just Another Pipe Dream?

In this discussion we ask is Net Revenue easier to achieve than Total Revenue? And do we know what Net Revenue actually means?

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Credit Card Fraud at Hotels: How to Stay One Step Ahead?

By understanding the different types of credit card fraud, you can be more alert to potential red flags and take steps to protect your hotel and guests

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Mastering Revenue Performance Management for Maximizing Profits

Adopting revenue performance management, hotels can achieve sustainable growth and maintain a competitive edge in the dynamic hospitality market

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image of an empty chair in a run down building reflecting the impact to hotels of open executive positions and loss of momentum and revenue

Cost to Hotels of Open Executive Positions and Loss of Momentum

Today we look at Hotel staffing and the impact an executive opening can have on a property – momentum is a key word here

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Address F&B Profitability Before It Takes You Under

This highlights the need to ensure more intelligent cost controls across the business which improve profitability and drive operational efficiency

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In Era of Expensive Debt Poor Management Drives Hotel Distress

There are economic headwinds and there are issues with capital stack structures, but a great hotel is run by a great general manager

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A New Approach to Hotel Management Fees

While both hotel operators and owners stand to gain from adopting the management fee structure proposed, hurdles are anticipated

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Why Use a Cost-Based Pricing Strategy in Your Hotel?

Cost-based pricing is the easiest and most financially secure way of determining prices. As long as you sell the room, you’re guaranteed to make a profit

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