Painful Mistake #5 - Buying the Wrong Products and Pricing Incorrectly
Retailing is both an art and a science -- and many hotel managers have a very good sense of aesthetics from their experience designing and operating hotels. It's the science part that may be elusive.
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Topics:
hotel pantry,
hotel supplier,
wholesale snack distributor,
Bobby Martyna,
Tradavo CEO,
wholesale products,
retail advice,
planogram,
club store,
retail science
Painful Mistake #4 - Going to the Club Store
Let's face it -- we all love going to Sam's, Costco, BJ's and the Wal-mart superstore for personal purchases as well as for some hotel supplies from time-to-time. Products stacked a mile high and new and interesting products make going to the Club Store a real adventure -- a treasure hunt, even.
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Topics:
hotel pantry,
hotel supplier,
wholesale snack distributor,
Bobby Martyna,
Tradavo CEO,
wholesale products,
club store,
Costco,
Sam's Club,
BJ's
Painful Mistake #3 - Using your Buying Group for Hotel Retail Purchases
This is a very common, but painful mistake. Buying Groups, also known as Group Purchasing Organizations (GPOs) are a very well considered concept for purchasing many items for hotels -- including furniture, fixtures and equipment, and in some cases, food service items.
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Topics:
hotel pantry,
hotel supplier,
wholesale snack distributor,
Bobby Martyna,
Tradavo CEO
Painful Mistake #2 - Pulling the Wrong Profitability Levers
Running a retail business within a hotel is no different from running a retail business outside a hotel. But it differs in many ways from running a hotel.
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Topics:
hotel supplier,
Tradavo CEO,
retail advice
Painful Mistake #1 - Waiting for the Truck
For a long time, the only option for small format retailers, including hotel managers, was waiting for a truck delivery from the local distributor to show. If a hotel is located in a major metropolitan area, a weekly delivery has been possible, but far from optimal. But for most locations, there have been two delivery choices -- sometimes and never.
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Healthy Meals and Ice Cream Are Must-Haves
The sun is back and summer travel is just around the corner! Make sure your assortment is ready for family vacation sales and also for those business travelers who are trying to shed a few pounds for the warm weather!
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Topics:
hotel pantry,
nestle,
wholesale haagen dazs,
wholesale ice cream,
wholesale ben and jerry's,
wholesale stouffer's,
lean cuisine
As the economy continues to spiral downward, concerns in the hospitality industry over the effect it will have on occupancy rates are at the top of every hotel's planning list. Tradavo recognizes the need to plan effectively to address these inevitable vacancies and to examine the alternative assets you have within your property to keep Sales Per Occupied Room at a healthy level wherever possible.
One of the best places to look for additional dollars look is your retail offering. Whether you have a market, pantry, or gift shop, this is an incredible opportunity to make a few adjustments to your assortment to increase revenue coming out of your retail sales.
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Topics:
hotel pantry,
hotel supplier,
wholesale ice cream,
wholesale snack distributor
A Few Tips to Avoid Giving Away Profits!
When running a retail operation of any kind, shoplifting is always a revenue issue that must be considered and effectively addressed. But how do you remain hospitable while trying to deter guests from walking out of your hotel pantry without paying for merchandise?
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Topics:
hotel pantry,
retail advice,
deter shoplifting