Author: braden

Most restaurants are only viable when operating at the capacity they were designed for, yet the current climate indicates that restaurants will re-open at decreased capacity. Revenue management strategies developed to optimize capacity must now also consider the protection of guests and employees. Update your reservations policies Well-managed reservation books are going to be far…

Because RevPASH is the most effective metric at simulating the revenue for your restaurant, it is the most valuable metric to use to evaluate revenue management decisions. It’s important to remember that you can directly impact Average Check and Turn Time while RevPASH effectively combines these two metrics. Revenue Management strategies differ significantly for a…

What is Revenue Management? Revenue management is the act of applying statistics and analytics to predict consumer behavior and selling the right product to the right guest at the right time. Revenue Management is particularly valuable in any industry where inventory or capacity is inherently constrained and originated with airlines before being adopted by hotels…