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.
Read MoreBecause 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 busy restaurant, versus a slow restaurant.
Read MoreThe key to restaurant revenue management is understanding that your restaurant has a fixed capacity: there are a fixed number of tables, chairs, and barstools, and a fixed period of time in which you operate. Managing this fixed capacity is where revenue management strategies come into play…
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