Few things affect a bar’s bottom line more than the price of alcohol. When liquor is priced with purpose, it usually has some of the highest margins in a food service business.  It’s not enough to just add a standard markup to the price of liquor in a bar. You need to know how much things cost, understand your idea, and have a plan that fits with what guests want and how the market works.  No matter if you own a neighborhood sports bar, an upscale cocktail lounge, or a multi-unit restaurant with a strong bar program, getting the prices right for alcohol protects your profits, boosts sales, and helps your business grow over time.  Key Factors That Influence Liquor Pricing in Bars  When deciding how much to charge for drinks in a bar, owners need to think about a number of factors that will affect how much money they make.  

Every smart business decision in a hotel is based on hotel accounting. Strong accounting practices give hotel managers the financial information they need to stay profitable in a business that changes quickly. This includes keeping track of room revenue, food costs, labor costs, and vendor costs.  Hotels are different from other businesses in that they are open 24 hours a day, have multiple sources of income, and have to deal with constant price changes. That makes hotel accounting more important and more difficult. It makes things clear when done right. When done wrong, it makes blind spots that slowly eat away at margins.  This guide explains the basics of hotel accounting, important financial metrics, common problems, and best practices that help hospitality teams see and control their finances better.  What is Hotel Accounting?  Hotel accounting is a branch of accounting that deals with keeping track of, analyzing, and reporting the financial activities of

A strong foodservice supplier network can be the difference between absorbing rising costs and staying one step ahead of them. Foodservice operators are no strangers to pressure. Rising costs, tight labor markets, and ongoing supply chain uncertainty have made it harder than ever to protect margins. And every January, that pressure comes into sharper focus.  January is planning, budgeting, and forecasting season. It’s when operators sit down with last year’s numbers, take a hard look at spend, and start asking tougher questions about what needs to change. In those conversations, one theme comes up again and again. Many teams are still buying from the same short list of suppliers they’ve relied on for years. Not because it’s the best setup, but because it feels safe. What often gets overlooked is how much that comfort quietly costs over the course of a year.  Expanding your foodservice supplier network isn’t about adding complexity. It’s about gaining flexibility, improving leverage, and unlocking opportunities to

Running a hospitality business has never been easy, but let’s be honest, the pressure right now feels heavier than it did even a few years ago. Costs are higher. Labor is tighter. Guests are more selective. And operators are expected to juggle all of it while still delivering great experiences, every single day.  The good news? These hospitality industry challenges are real, but they’re not unsolvable. The key is knowing where the pressure points are and taking a smarter, more connected approach to managing them.  What Are Hospitality Industry Challenges?  Challenges in the hospitality industry are the operational, financial, and strategic problems that make it harder for hotels, restaurants, casinos, and other businesses that rely on hospitality to run smoothly and make money.  Some problems are easy to see, like rising food prices or not having enough staff. Some things, like inconsistent pricing, disconnected systems, or not being able to see where money is