Chain restaurants and fast-casual dining establishments have notably benefited from RevPASH. For example, brands like Olive Garden and TGI Fridays have used RevPASH to fine-tune their operations, leading to increased efficiency and profitability. So what is RevPASH? The concept of RevPASH was actually inspired by a similar metric used in the airline industry called Revenue per Available Seat Mile (RASM). Was first formally introduced in the hospitality literature by Cornell University’s Quarterly Journal. How it is calculated? The RevPASH is calculated by dividing the total revenue generated by the number of available seat per hours. Why it can be used for? Strategic decision-making in various aspects: Seating Optimization Menu Engineering Staff Scheduling Promotions and Discounts
Jamil D. Azar’s Post
More Relevant Posts
-
Despite closures, restaurant growth offers some optimism to the UK hospitality industry. The latest Hospitality Market Monitor from CGA by NIQ and AlixPartners shows that: 🏢 Closures in Britain’s hospitality sector slowed from 8 sites a day in 2023 to 4 in the first quarter of 2024. 📈 The number of food-led sites grew by 0.1% in the first quarter of 2024 🍴Casual dining and independent restaurants grew by 0.5% Read more year-on-year comparisons here > https://postly.app/3Vls
To view or add a comment, sign in
-
Optimizing a business at any scale is no small feat, and when it comes to food and beverage, there are a whole host of additional factors that can add complexity and organizational headache. Floor plans, reservations, guest data, and ever-changing customer needs can be critical decision points for a growing business, which is why it is so important to have a reliable restaurant reservation system. With so many features and price plans, how do you know which is the right fit for your business? Whether you’re a new restaurateur or a hospitality veteran, let’s dive into the perks of some of the most popular online restaurant reservation services. #ZochaGroup #Restaurants #Management #Reservations #Technology Read More ➡️ https://lnkd.in/gTkbyaK2
To view or add a comment, sign in
-
The hospitality industry is experiencing a remarkable transformation, driven by key trends that are capturing the attention of industry leaders and consumers alike. As dining and leisure experiences continue to evolve, several notable developments are shaping the future of the food and beverage sector in hospitality:https://lnkd.in/dz4-nP5A
To view or add a comment, sign in
-
Elevate your Fine Dining experience ✨ - with a 360° platform For fine dining establishments, a seamless guest journey is paramount. A 360° restaurant platform offers the tools to elevate your service. ⭐️Streamline Operations Manage reservations, table assignments, and payments efficiently. ⭐️Enhance Guest Experience Deliver personalized service and create unforgettable memories. ⭐️Drive Revenue Increase average spend and boost customer loyalty. ➡️ Ready to redefine fine dining? Book a demo today! #fineDining #restaurantplatform #guestExperience #revenuegrowth #restaurantlife #restaurantmanagement #restaurantmanager #restauranttech #restauranttechnology #restaurantautomation #restauranthacks #restauranttips #restaurantmanagementsystem #restaurantmanagementsoftware #restaurantmanager #restaurant #bestrestaurants #MICHELINguide #michelinstar
To view or add a comment, sign in
-
Are you facing challenges in maintaining profitability at your restaurant? We understand the complexities of the hospitality industry and are here to help. Connect with us to explore strategies that can enhance operations and boost profit. #hospitalitymanagement #businessgrowth
To view or add a comment, sign in
-
Are you facing challenges in maintaining profitability at your restaurant? We understand the complexities of the hospitality industry and are here to help. Connect with us to explore strategies that can enhance operations and boost profit. #hospitalitymanagement #businessgrowth
To view or add a comment, sign in
-
Restaurant Association of Singapore (RAS) expresses cautious optimism for the 2025 F&B outlook, acknowledging that business prospects will likely affect all dining concepts, from fine dining establishments to casual eateries and kiosks. This emphasises the diversity of Singapore's culinary landscape, with fine dining concepts complementing other F&B offerings, therefore crucial to maintaining a vibrant and dynamic food scene. To help boost business, RAS advises fine dining restaurants to focus on several key strategies: ✅innovating with unique dining experiences, ✅ embracing technology for enhanced customer engagement, ✅ ensuring perceived value for the premium pricing, and ✅ building strong relationships with patrons. On the customer side, RAS also encourages diners to actively explore new fine dining options, share their positive experiences, appreciate the overall service and ambiance, and provide constructive feedback to our fine dining concepts, to ensure continual improvement. RAS reaffirms its commitment to supporting the entire F&B industry through collaborative efforts with all stakeholders nevertheless. #onevoiceforfnb https://lnkd.in/g3hUSPd5
To view or add a comment, sign in
-
If running one restaurant is tough, running a restaurant group with multiple locations is a massive operational challenge. Nixon Sherchan, General Manager of Mt. Eden Hospitality Group shares insights on how using Now Book It and First Table changed the game for their business through digital transformation. #restaurantsoftware #restauranttech #hospitality
To view or add a comment, sign in
-
By staying informed about these trends and implementing data-driven strategies, restaurant operators can leverage technology to optimize their operations, enhance the guest experience, and gain a competitive edge in the 2024 market. Let's keep going forward for a better Hospitality industry. #linosconsultancy #hospitality #foodandbeverage #foodinnovation #hospitalityAI
NRN - Where Restaurant Technology is Headed
ix.informaengage.com
To view or add a comment, sign in
-
Unveiling the Booking Secrets of Fine Dining ✨ Michelin-starred restaurants are renowned for flawless experiences. -- but how do they handle reservations smoothly? 1. Seamless Booking ⭐️ White-label systems ensure a branded booking experience. This builds trust and familiarity with your restaurant. 2. No-Show Nemesis 🚫 Automated features like prepayments and confirmations minimize disruptions and cancellations. 3. Secure & Streamlined 🔒 Integrated payments eliminate third-party links, guaranteeing secure transactions and a one-stop booking process. Ready to upgrade your booking system? Weeloy offers the same tools Michelin restaurants use! 👀 DM us to Book a Demo and experience the difference! #restaurantlife #restaurantmanagement #restaurantmanager #restauranttech #restauranttechnology #restaurantautomation #restauranthacks #restauranttips #restaurantmanagementsystem #restaurantmanagementsoftware #restaurantmanager #restaurant #bestrestaurants #MICHELINguide #michelinstar
To view or add a comment, sign in
Expert in Luxury Service, and Business Development
4moWell said!