HRS Hospitality & Retail Systems’ Post

One of the first decisions you make when hosting a corporate event is choosing the location, but how do you know your choosing the right one? There are two main options: a restaurant or dedicated event venue, and both come with their own set of advantages and drawbacks. Read more about the key differences, provided by Modern Moments Event Space, to help you make your decision at https://bit.ly/3Wzb6iQ. #thechamberis #gilbertaz #gilbertbusiness #gilbertchamber #businesstip #gilbertevents

🚨Big news! 🚨 Revolution Bars is facing some tough times as they plan to close 25 venues. It's a challenging moment for the hospitality industry, and we feel for all those affected. Let's show our support and lend a helping hand to those impacted by these closures. Together, we can help the industry come back stronger. #RevolutionBars #HospitalityIndustry #SupportLocalBusinesses https://ift.tt/YjpIFS6

“Corporate events just got a whole lot cooler! ❄️ Elevate your company gatherings with Tap Truck of Northeast Florida. Our mobile bar services bring the party to you, serving up refreshing beverages that keep the conversation flowing and the connections thriving. Book us for your next corporate event and let’s raise the bar together! #corperateevents # taptruckusa #mobilebar #CorporateCool #NetworkingNectar #TapTruckNEFL”

Relive it! Check out this brilliant little video of #PlaceParty by David Booth and Daniel Coetsee

🏈 So, what happens when America’s playground meets its largest sporting event? Super Bowl LVIII is taking over Sin City in Las Vegas. Our latest insights reveal a dramatic shift in Super Bowl hotel bookings and pricing - a testament to the power of major events contributing to a surge in hotel demand. 📊 With over 80% of accommodations already booked and room rates surpassing $500, this isn't just a big moment in sports; it's a big opportunity for hoteliers too. Get all of the Super Bowl data details here: https://lnkd.in/geX8sMQp Looking to exceed your revenue goals for high-demand events in 2024? #LooktoLighthouse to help redefine your revenue strategy.

💡It goes without saying that the Super Bowl is one of the biggest demand generators for a major US city, and this year, it's heading to Sin City, home to some of the world's largest hotels, so what difference can it make in such a massive market? 📈 Lighthouse data reveals a significant impact. Even in a city with over 150,000 hotel rooms and 15,000 short-term rentals, which comfortably puts it into the top 10 city markets globally, most spaces have already been snapped up for Super Bowl LVIII (or 58 for those unfamiliar with Roman numerals). With already high prices and a limited inventory – about 20% of rooms remain available – the rates for the remaining rooms will probably escalate as we approach the Super Bowl weekend. This trend aligns with historical patterns, indicating that we can expect the rate peak to materialize in the final two weeks leading up to the event.

Want to enjoy your favorite bottle of wine from home? Watch out for the corkage fee—a venue/restaurant charge that allows you to cutomize your dining experience. 🍷💸 Follow us to learn more event related terms! [friday facts, event facts, sip smart, corkage fees, byo, corporate events, events, event terms, event agency, planners, event profs, LOMA glossary]

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Great to chat through some of the key findings from the new Pub Roadmap report yesterday with Blake Gladman. Have a listen if you fancy some Friday afternoon insight on pubs and UK hospitality more widely 🍻 #HospitalityData #hospitalitytrends #ukhospitality #pubs

VENUE SHAPES AND THEIR IMPACT A few weeks ago I spoke of an event I attended where the long rectangular venue, with 8 boardroom style table configuration impacted the ability to fully engage with the attendees. Yesterday at a social event, I found the exact same. It was a golden retriever cafe for my dog Colin. There were around 50 pups there, and probably 130 humans. While the event was fun, for the everyone there (and Colin had a brilliant time), the U-shape of the venue made the experience quite chaotic beyond the fact of having 50 golden retrievers charging around. With a U-shape venue, there’s no obvious place for “second gate spend” merchants, like stalls, without creating bottle necks. Additionally, dogs being dogs, they want to explore so you have people and their dogs going back and forth around the U-shape…..creating bottle necks. And guess what happens when people turn the corners at the bottom of the U? More pinch points. So while the hounds were bounding through, you then have their humans knocking into one another. You may then say “ah so what?” And that’s fine. However when the open bar is then not taking any orders….aka revenue, because people just cannot get to the bar….or if they do, are then unable to get their drinks back from the bar due to the squeezes and pinch points, it’s lost revenue. My suggestion would have been for a rectangular/square venue, with tables and chairs pushed to the outside of the venue. A designated spot on each wall to have merchant vendors, thus creating flow as people will move around. Additionally, satellite bars for bottled drinks or popular coffees in each corner providing opportunity for revenue. This allows a larger space for “on your own activities” (feel free to ask more about the Six Activity Types, and how they feature in the Dynamic Planning Tool) I appreciate venues are hard to come by, but choosing wrong can have negative impact on revenue and experience. Choosing right, could seriously improve reputation, and drive more £££ into the purse! #events #entertainment #hospitality