#RevenueHACKS Controlling expenditures to improve revenue
#RevenueHACKS Controlling expenditures to improve revenue
Every news channel, and every media outlet is reporting the current tough economic crisis the world is facing. It is a very well-known fact that the Hospitality Industry has had many challenges, although the current toughest one may not be a lack of resources, but in fact higher expenditures - the increased price of every produce and item being purchased.
Now more than ever, the industry needs to have the right technology and methods to control its expenditures, and have better relationships with its suppliers with the ultimate goal to improve total revenue.
The crew will discuss question like
· CFOs / Head of Procurement negotiate detailed preferred contracts with its suppliers, how can they make sure each internal buyer follows these?
· What should a property/hotel group do to ensure the support from its suppliers continues through these tough times?
· The importance of knowing your inventory to buy what is needed and not just buy for the sake of buying.
· How to ensure the correct steps for an eSourcing program to be followed and deliver the best results?
· The importance of having a tight control on recipe management/retail.
· The need of live data analytics for best cost control and improved revenue for the property and group / brand.
Our hosts:
Thibault Catala, CRME Catala - Owner , Catala Consulting, Vertell Asset Management
Custódio Barreiros - Consultant , @Brich Street
Calvin Tilokee, CHLC - CEO, Revpar Media LLC
Silvia Cantarella - CEO Revenue Acrobats
Sheila Krishnan - CHBA, CHDM - Consultant , Hamilton Hotel Partners
#RevenueHACKS is an industry game-changer The weekly live show by RAIZUP aims to tackle serious topics around the hospitality industry. We share best practices, tell stories from the industry, and aim to turn complicated ideas into simple concepts. We make our job every episode to deconstruct an area of the industry and invite the most fascinating guests; people who are excellent, if not the best, at what they do in their field. We welcome everyone: boys, girls, robots, aliens, and other time travellers.
hashtag#worklifebalance hashtag#leadership hashtag#careerdevelopment hashtag#hospitalityindustry