In Hotel Strategy Video Blog, Insights, Marketing, Revenue Management, Total Revenue Management

WATCH: TURNING RESTAURANT REVENUE INTO PROFIT

Posted on 17th April 2024

 

About the authors

Professor Sherri Kimes & Jeannette Ho

Key insights

  • 💰Revenue managers often face resistance when implementing new programs, but turning that resistance into revenue is key to success.
  • 💡Building an internal sales force and motivating employees to work on their own ideas can sustain success and create a winning culture.
  • 🍽️Culture eats strategy – building a new culture within the company is essential for successful implementation of new strategies.
  • 🏆The program to mentor poor performing servers saw sudden success, sparking interest from others, highlighting the importance of sustaining a winning circle.
  • 📈Sharing best practices and wins through internal social media platforms can motivate and recognize active users while encouraging others to participate.

Originally posted at: https://www.linkedin.com/pulse/from-resistance-revenue-sherri-kimes-b1c7c/

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