US hotels set for earnings bump from robust travel even as costs weigh By Reuters
© Reuters. FILE PHOTO: Company’s logo is seen on the Marriot hotel in Zurich, Switzerland October 27, 2016. REUTERS/Arnd Wiegmann By Priyamvada C (Reuters) – US hotel operators are expected to post a rise in first-quarter profit even as they pour in money to lure travelers to make bookings directly through their websites, instead of turning to travel agencies. While bookings have been getting a boost from increased business and leisure travel, the investments in hotels have made to reduce their reliance on online travel agencies (OTAs), which tend to have higher marketing budgets, is eating into the gains. Last…
Your Guide to Restaurant Credit Card Processing
Credit card processing is one of the most significant developments to hit the restaurant industry in recent memory. This convenient technology lets business owners accept payments remotely, without the need for cash or checks. It makes buying and selling easier for merchants and customers alike, promoting smoother business processes. Although most companies have managed credit card transactions the same way for years, new restaurant technology trends are revolutionizing the process. If your restaurant accepts cards as payment, it’s helpful to understand the underlying systems that make both the new and old methods possible. Let’s dig in. What is credit card…
How to get a liquor license
Alcohol can be a profitable revenue stream for your restaurant. It’s an easy win — the markup is high, the labor requirements are low, and the product has a long shelf life. In fact, the average restaurant makes about 20% to 25% of its income from alcohol sales. Before you can add beer, wine or spirits to your menu, however, you’ll need a valid liquor license. What is a liquor license? A liquor license is the permit you need to make, distribute or sell alcohol legally. These licenses are usually issued by your state, but counties and cities may also…
Finding the Right Restaurant Insurance
When you open a restaurant, insurance is one of the most important investments you can make. Like car insurance or health insurance, these commercial policies help you manage the financial risks that come with doing business. Is your restaurant protected? What is restaurant insurance? Restaurant insurance is coverage that protects your business from financial losses when unexpected problems arise. It can help you cover legal and medical costs for customer injuries, for example, or pay for repairs and lost income after a kitchen fire. Running a restaurant is inherently risky — the equipment is expensive, profit margins are narrow and…/cloudfront-us-east-1.images.arcpublishing.com/dmn/AGPQSNCM4ZCQVPB7OWA6NP4WFA.jpg "McKinney’s Denizen Hotel eyes summer groundbreaking")
McKinney’s Denizen Hotel eyes summer groundbreaking
Developers working for more than a year on a new McKinney hotel hope to break ground on the project in the coming months. The Denizon Hotel is planned on State Highway 121 at Alma Road in the huge Craig Ranch development. Archstreet Hotel Partners will build the more than 100-room hotel as part of the mixed-use District 121 project. The almost 20-acre development also includes a new office building plus restaurant and retail space. The four-story hotel building is expected to cost about $20 million. Read more D-FW commercial real estate stories “We hope to start work this summer and…
March game day promotion ideas for your restaurant
The college basketball tournament is coming. 67 games, 179,560 heart-wrenching, bracket-busting, Cinderella-storytelling minutes of action – and your restaurant can’t miss a single one. With over 10 million people tuning in for each basketball game in 2022 there are endless opportunities to score big this March. Use these tips on how to grow your business, along with Grubhub, to conveniently offer the delicious food, tasty snacks, refreshing drinks and other essentials your hungry diners need to enjoy every minute of the mania. How to capture more customers on game days While the college basketball teams battle it out all month…
How restaurants can use email marketing
Nothing is more enticing than a crisp coupon to your favorite business. The idea that you can get your favorite items for less can motivate any customer to take action. The same applies to restaurant deals. One mouthwatering deal sent directly to a customer can prompt them to place an order. What’s a guaranteed way to reach your customers? Email marketing. Restaurant email marketing programs are a proven method of building customer loyalty. A well-timed email can bring in new diners and remind recent diners to return. Email marketing is worth the investment. For every $1 you spend on email…