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Managing Payments: How Embedded Fintech will Fuel Travel Revenues | PaymentsJournal - 2 views

  • These companies’ payments systems provide greater efficiencies for hotel owners, such as contactless payment and seamless accounting; they also provide financial services capabilities to owners and banks via embedded finance.
  • Embedded fintech is technology that enables embedded finance, into a financial institutions’ product sets, websites, mobile applications, and business processes via APIs by allowing banks access to a new customer base
  • To meet the demands of travel in a reopening world, these payment systems should also include a state-of-the-art terminal, transparent fees, built-in reporting, analytics, security, and world-class (in-house) support so hoteliers can to focus on their guests rather than time-consuming payments acceptance and reconciliation.
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  • Further, cloud based payments systems are often integrated in Property Management Systems, (PMS)
  • Discover and seamlessly connect to 3rd party apps and services and a channel manager to sync rates, availability and details across 100s of channelsManage revenue by optimizing rates, tracking competitors, and providing insights & analytics,Connect to a booking engine to drive commission free bookings and the payment system, which alleviates manual credit card entry, lengthy verification processes and seamlessly rolls up accounting and tax preparation.
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    FinTech is a hot topic and this Journal article touches on the developments of FInTech in the hotel. The standout line touches on how cloud payments can, "connect to a booking engine to drive commission-free bookings and the payment system..."
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Maestro Examines What Independent Hoteliers Want from their PMS' in 2023 | Hospitality ... - 0 views

  • aestro PMS, a provider of cloud and on-premises Web and Mobile property-management systems, is entering the new year with a fresh perspective on what hoteliers want from their mission-critical property systems. Coming off the heels of its Annual User Conference, Maestro team members spoke to customers to gain insight into their wants, needs, likes and dislikes related to training, operations optimization, product features/functionality, deployment flexibility and the role of the PMS to help them maintain close relationships with guests.
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    This article discusses the PMS system Maestro who reached out to it's current customers in 2023. They are independent hotels and wanted to gain insight to their wants, needs, likes and dislikes related to training, operations optimization, functionality, deployment flexibility so they can gain close relationships with their customers. They responded back and wanted intuitive software adaptable with flexibly training options; free upgrades to new versions; cloud hosting in "any" cloud for easy accessibility: support of touch and mobile devices to streamline service engagement.
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3 Ways eMenu Can Make Your Restaurant Stand Out - Social Hospitality - 2 views

  • The assorted features of eMenu have been designed to serve the purpose of presenting an impressive brand to target customers.
  • Making the services of your brand unique, it allows you to send a message to your customers about what you are offering and what sets you apart from your competitors.
  • Why only to serve the menu? You could also promote specialties of your restaurant to customers via eMenu while they are browsing for dishes.
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  • Social media is one of the idyllic gateways for any business reach to its target customers. eMenu integrates with the social media profiles of a brand thereby enhancing reach to possible customers.
  • there are a variety of ways to make dining out a unique experience both on-site as well as online.
  • running a restaurant business has gradually become highly provocative and challenging with so much competition.
  • Creativity helps make restaurants notable.
  • While the customers make selections over the eMenu System, the orders are recorded with the cashier.
  • Personalized Branding
  • serve the purpose of presenting an impressive brand to target customers.
  • Social Media Integration
  • the users could also put their reviews about the services and cuisines of the restaurant on their social media accounts, and it’s easy to monitor and manage everything in a streamlined way through eMenu.
  • Advertisement Module
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    The eMenu has many potential to improve your business. This device you can create unique banding to highlight what makes you outstanding, grow social media and have opportunities to run ad's on specialties.
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    This article focuses on ways that eMenus can be beneficial to restaurants. With so much competition in the restaurant business, restaurant owners must constantly find ways to improve and make it more notable. An eMenu is a way to keep things fresh. For starters, it offers a sense of personal branding in a way that one is able to personalize the menu with a branding that sets apart from competitors. In addition, social media integration also helps with the branding by enhancing reach to possible customers. Finally, advertisement is a big part of the eMenu. Specialties within the restaurant may be advertised which will feel personal to the guest.
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Airbnb is out, new disruptors are in | Hotel Management - 1 views

  • At first blush, it may seem that Sorenson was calling out the likes of Airbnb, a common target blamed for poaching travelers seeking hotels. However, this is not the case. Instead, Sorenson said it is the likes of Google, Facebook, Amazon and Alibaba that have captured his attention.
  • ng hotel
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  • . Instead, Sorenson said it is the likes of Google, Facebook, Amazon and Alibaba that have captured his attention.
  • “They are all trying to have a profile for every customer, so how do we use that to make sure we are monetizing as much of that relationship as we can?
  • If companies such as Google, Amazon or Facebook make a push into the hospitality business, there is no doubt that the level of disruption on the current business environment would be staggering.
  • Getting to know your customers and what they value is something that Amazon, Google and Facebook have mastered
  • According to Nassetta, hotels and hotel operators are masters of their environments. If they fail to capture guest attention, it is no one’s fault but their own.
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    While Airbnb is still one of the larger competitors the hotel industry is up against, at the NYU Hospitality Conference, a new possible disruptor was brought into question. Speakers began to discuss the possible disruption that online services like Google and Amazon to name a few. The advantages that these companies have, should they dive into the realm of hospitality, is the sheer amount of information that these sites contain about the consumer. Although they have this extensive data, they are lacking in interpersonal experience as these companies don't deal with the consumer physically. The hotel industry however, leads far ahead of these companies in this regard, as it's what they've been known for. However, for the hotel industry to ultimately come out on top, they will need to partner with these companies and work together, rather than be taken down. 
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Overcoming Resistance to Innovation in the Hotel Industry - 0 views

  • one in every two respondents said they want smart hotel rooms that automatically adapt to personal preferences by 2030
  • One of the biggest disruptions to the hotel market has been the introduction of a credible rival. Airbnb
  • The digital experience—ordering room service through in-room tablets such as SuitePads, centralized in-room controls, the use of big data to provide personalized services, and potentially much more—is something that will make prospective guests choose the hotel experience over the Airbnb experience.
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  • Airbnb is a classic case of disruptive innovation: an innovation that creates a new market and in a few years, moves to an existing market to disrupt”
  • The adoption of new technologies will also spark healthy competition within the hotel industry again, further driving innovation.
  • The three main reasons are suspicion of new and untried technologies, high costs, and a lack of infrastructure.
  • Diffusions of Innovations Theory, which states that adoption of technology within a market takes place in five stages – innovators, early adopters, early majority, late majority, and laggards.
  • To help overcome these, it’s important for the drivers of innovation to understand that running a business—especially in the hotel industry—is a highly emotional line of work
  • It’s about building trust in the long term by endorsing business practices that are clear and honest, and providing solutions that help hotel businesses grow and develop.
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    In this article, it is described why hotels are not as open to new innovative technology. Although they are now competing with companies like Airbnb, hotels still have a hard time adapting to new technology as they may need to change their infrastructure, or it cost too much to obtain. Overall, this article makes it clear that in order for hotels to compete in this new competitive market, they will need to continuously keep up with new forms of technology to stand a chance.
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7 restaurant technology trends to watch in 2022 - 2 views

  • Many restaurants have turned to tech in the last couple of years, even if reluctantly, to adapt to a new reality.
  • 1. Online ordering systems and delivery apps
  • he food delivery market is now worth more than $150 billion globally, which has more than tripled since 2017 largely attributed to the pandemic, according to statistics from McKinsey.
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  • 2. Contactless payment
  • It’s estimated that contactless payments will triple from $2 trillion to $6 trillion worldwide by 2024, and having such options are reportedly extremely important for 34% of customers.
  • 3. Online table reservation system
  • initiative Experiences
  • OpenTable is offering
  • unique culinary events and dining experiences
  • Ramen Nights in celebrity chef Hugh Acheson’s dining room, a ‘side-dish’ of line dancing lessons or a fixed-price tasting menu,
  • 4. Digital kitchen ‘boards’
  • Kitchen Display Systems (KDS) are a digital menu board for kitchen staff
  • Directly linked to the restaurant’s point-of-sale (POS) system, the screen displays orders automatically according to priority and flagging any special dietary requests.
  • racking meal delivery times and monitoring inventory to signal when a product is out of stock,
  • 5. Automated inventory management software
  • tracking food and beverage stocks, anticipating quantities and even scheduling reorders
  • implementation of such software
  • reduce food wastage, which is reportedly costing the hospitality industry $100 billion annually.
  • (AI) technology, companies like Kitro
  • cut food waste and costs
  • platforms like Too Good to Go also save restaurants from wasting their food surplus
  • 6. QR codes
  • QR codes
  • allows customers to access online menus, order and pay – without contact –
  • 7. Air purification technology
  • bipolar ionization
  • purifies the air and surfaces in indoor spaces by neutralizing contaminants
  • systems which make use of ultraviolet light
  • f both air and surface sanitization
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    "Technology and innovation are what have helped, even saved, restaurants as they transform how they operate to not just survive, but thrive, in this new connected and contactless era" "Third-party food delivery apps like UberEats, Foodpanda, or Door Dash will continue to be an important solution for those not able to offer in-house ordering and delivery services" "Contactless technology is going mainstream, and it's not just about placing an order online, but also about paying with a smartphone, smartwatch or smartcard via an app or touchless device" "technology-enabled reservation systems, restaurants can manage seating, waitlists, customer loyalty and dining preferences as well as collect vital client data be it for contact tracing or market insights" "Kitchen Display Systems (KDS) are a digital menu board for kitchen staff helping restaurants streamline back-of-house operations" "companies like Winnow are helping restaurant owners and managers cut food waste and costs and run their businesses more efficiently and sustainably" "auto-scanning barcodes with smartphone cameras on posters, tables, coasters, doors or websites allows customers to access online menus, order and pay - without contact" "air purification technologies to promote 'clean air'" https://diigo.com/0lmspn
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    Some of these technologies such as food delivery services, and conctactless payments I have grown used to as a consumer. However, technology like KDS to improve the back of house operations or air purification technologies are more behind the scenes type of technologies that I have not given much thought so I found this article interesting.
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    Many restaurants are adapting to a new reality. Some of the digital trends to watch in 2022 are as follows: 1. Online ordering systems and delivery apps - Food delivery market worth more than $150 billion globally. 2. Contactless payment estimated to triple from $2 trillion to $6 trillion by 2024. 3. Online table reservation system such as Open table Experiences initiative offering unique culinary events and dinner experiences. 4. Digital kitchen boards such as KDS, a digital menu board for kitchen staff linked to the restaurant's POI which displays orders automatically and efficiently. 5. Automated inventory management software tracking food and beverage stocks, anticipating quantities and scheduling reorders. 6. QR codes that allow customers to access menus online, order and pay. 7. Air purification technology like bipolar ionization and ultraviolet light.

Leading Through Disruption in Hospitality - 0 views

started by smend120 on 29 Aug 22 no follow-up yet
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Bear Robotics Debuts Hospitality Robot Designed for Multistory Hotel & Office Buildings - 0 views

  • Bear Robotics unveiled a new bot targeted at multi-floor commercial and residential spaces
  • Called Servi Lift, the new robot incorporates several firsts for a Bear product, including an interactive touch screen, security doors, a large video display screen for advertising, and mobile app integration
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      The large screen designed for advertising could be a great revenue stream to offset the cost of purchasing the robot. This is also a great way to self promote the business without the need of having a person involved.
  • the Lift is designed to navigate through office building community “gates” and call and operate elevators
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      This makes the use of this machine more attractive. Depending on the size of the hotel, multiple machines would be needed, however, they don't have to be stuck on one floor. A company could purchase 5 or 10 and they could service all floors within the hotel.
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  • The Lift also features an automatic charging station to dock between deliveries.
    • jordynmiddleton
       
      This prevents usage down time or the device dying mid-service and needing to be lugged back to a charging station.
  • The Lift also has a number of consumer interaction features, including app integration, the ability to notify customers they’ve arrived via phone call, and an on-robot touch screen where consumers can enter security passcodes to access their deliveries.
    • jordynmiddleton
       
      The ability to call guests keeps everyone notified of its arrival. It will also keep items/info secure based on its passcode access. This could become a problem if too many passcodes are stored unless they are autogenerated per delivery.
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    The article discusses a new robot that is designed to access multiple stories, allowing it to serve more than just one area. It highlights its capabilities such as an "interactive touch screen, security doors, large video display screen for advertising, and mobile app integration." It proves it self to not only be advanced technologically, it could be a great revenue stream with its available advertising space. The robot delivering to the wrong room is also not an issue as it will call/notify the receiver of its arrival along with the items being locked via passcode access.
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Hospitality and tourism education in an emerging digital economy - 1 views

  • PMS and integration of multiple properties across the globe
  • It is well known that industries are moving with the flow of advanced technology and this is causing disruption in their daily business operations and processes.
  • At present, there is no alternative to digital disruption and businesses large and small must adapt to the changes that are occurring
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  • Technology has been a key driver for hospitality businesses for several decades and it has drastically transformed how the industry operates
  • Every industry has specific software applications that are unique and integral to the management of their daily operations. In the hotel industry, property management systems (PMS) or hotel operating systems are platforms that “enabled a hotel or group of hotels to manage front-office capabilities, such as booking reservations, guest check-in/check-out, room assignment, managing room rates, and billing” ( Oracle, 2019).
  • These systems have also evolved to incorporate functionality that supports food and beverage operations, housekeeping and maintenance management, as well as revenue management.
  • Applications such as Cloudbeds, Preno, Hostaway and Lodgify have become a staple in most hotels today, allowing for the efficient management of hotel fun ctio ns.
  • Similarly, in the restaurant industry, practitioners often rely on restaurant management systems (RMS), POS software designed for the food service industry to make bookings, capture transactions, record orders and manage inventory (FinancesOnline, 2019).
  • At the broader tourism management level, GDS, also known as automated reservation systems or CRS, are computerised networks that centralise services and provide travel related transactions for products such as airline tickets, hotel rooms and car rentals ( Kelly, 2018)
  • GDS serve as a conduit between travel bookers and suppliers and help communicate product offerings, pricing and availability to travel agents and online booking engines.
  • Their functionality and applications are often limited to a specific industry (e.g. hotel, restaurant and airline)
  • Internally, cloud computing allows managers to access data collected from proprietary applications (e.g. RMS, PMS) which can be shared across departments.
  • This data can be accessed from anywhere around the world on demand
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    This paper discusses the role of PMS, POS, and GDS in the hospitality and tourism industry. It identifies key digital literacy and employability skills that students and educators need to develop to better understand and negotiate the changing, digitally focused landscape of the hospitality and tourism sector.
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Hotel Internet Marketing by Vizergy - 0 views

  • Cornell Hospitality Research reports more than 80% of travelers do at least one travel related search when planning. But the most beautiful hotel website design is essentially useless if it cannot be found.  Professional, recurring SEO is a key component of hotel Internet marketing and allows you to rank prominently on Google and Bing.
  • Pay-per-click (PPC) advertising
  • display remarketing
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  • Establish strong relationships with your past and future guests, build loyalty and offer specials with do-it-yourself or full-service email marketing. HTML designs match your brand and link to social media, while the content engages recipients.
  • Be found across the Web's largest local search network.
  • A strong social media presence is vital to your property and should be integrated into your overall hotel Internet marketing. Travel shoppers connect with one another, but also connect with properties via social media.  Properly setting up and managing Facebook, Twitter, YouTube, etc. is key.
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    Hotel internet marketing leader, Vizergy introduces us 6 methods of emarketing for hospitality industry. They are: SEO (search engine optimization); PPC (pay-per-click advertising); Display Remarketing; Email Marketing; Local; Social.
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Cloud-Based Event Planning Design Tool Set to Preview at BizBash Ideafest - MarketWatch - 0 views

  • AllSeated.com is the new and completely free collaborative tool that connects venues, event planners, vendors and event hosts in the cloud so everyone can work together from one centralized and secure website -- no downloads required.
  • But now that a cloud based technology such as AllSeated.com exists, all parties involved can easily create, access and make instant changes to complex seating charts all through the simple technology of this tool.
  • everyone involved in planning the event has access to the service from anywhere, at anytime enabling them to make time-sensitive decisions based on the most current information, eliminating unnecessary errors and time-consuming mistakes.
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    AllSeated.com is a cloud based event planning tool that enables venues, event planners, vendors, and event hosts to seamlessly work together from one centralized website for free. An existing event planning system wastes huge amounts of money in labor and operations costs because of archaic and inefficient methods used for managing an entire event, such as paper and pencil, printed floor plans or Excel and email. In order to solve the mentioned problem, AllSeated.com is created basically. With AllSeated.com, all parties involved in planning the event are able to create venue maps, floor plan, seating charts, and guest list as well as easily access the creations from anywhere, at any time. Moreover, the cloud based event planning tool allows these parties to make instant changes based on most current information without unnecessary errors and time-consuming mistakes caused by a piece of paper work. That is, all parties involved can enjoy the cost/time saving and increased efficiency through the cloud based event planning tool.
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IT Investments across Hospitality Industry Rises: Motorola Solutions - 1 views

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    A recent study from Motorola, a part of Motorola Mobility offering business and mission-critical communication products and services to enterprises and governments, finds that IT spending in hospitality industry is increasing, mainly driven by the need to improve guest experience. However, hotel technology managers will face the challenge to convince the top management to approve investment in the latest technology. To overcome this challenge, technology managers need to present the business case for new technology procurement to senior management, according to Karnib The research concludes that smartphones, tablets and mobile applications are the new trends moving into 2012 in the hospitality industry.
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HTNG launches secure payments framework for hospitality industry - 0 views

  • Hotel Technology Next Generation (HTNG),
  • announced the availability of the HTNG Secure Payments Framework for Hospitality
  • The Framework achieves its core objective by defining a viable, cost-effective approach to credit card security by ensuring that no hotel system would ever need to process, store, or transmit payment card data. Achieving this objective removes the most difficult and expensive aspects of PCI compliance for hotels.
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  • Due to the critical, industry-wide need to confront the escalating threat of payment card information theft, HTNG is making this Secure Payments Framework for Hospitality document available to all interested parties throughout the hospitality industry and its suppliers regardless of HTNG membership.
  • In addition, the Framework solves challenges that even the largest hotel groups have found difficult or impossible to address through tokenization or encryption approaches, including:
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    The articles talks about a hospitality security specialist that launches a new security technology for guests credit card information protection. Their goal is to have all the hotel industry applied this technology for better optimization of the service and to completely cover the risk to 100%. This technology will allow hotels to charge their customers, and the credit card information will not remain save in the system of the hotel. This will decrease risk for users and make payments much more secure.
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Beyond 2005: Top Technologies That Will Redefine the Hotels of the Future - 0 views

  • Biometrics, a security technology that identifies individuals by retina scans, fingerprints or voice prints, is already in use at government and private industry installations. The lock on your hotel room's safe may soon be triggered by a retina scan. Guests of future hotels might also forget about room keys and check in to hotels with just a glance. An airport in Amsterdam is paving the way with the first public installation of retina scans replacing passport checks at security checkpoints.
  • I'm still dreaming about living in a Jetsons-style home that cleans itself, but I may see it in a hotel room first. In an interview with Travel+Leisure magazine, consultant Grace Leo-Andrieu imagines hotels of the future which offer "services that may not necessarily be performed by humans. Food and drinks could be dispensed by machines or robots, rooms could be cleaned by built-in vacuum and disinfecting systems, and a quick back-and-foot massage could be provided by a robotic apparatus."
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    The future of hospitality is approaching sooner than we thought. Biometric technology for airports is about to launch in an airport in Amsterdam eliminating passport and some other security measures. Also, hotels are looking into robots that clean room and maybe even give you a massage! 
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Hospitality Technology - Travel Technology - 0 views

  • these modern, budget-friendly hotels have free Wi-Fi throughout the hotel, USB ports in every wall socket, and the ability to check-in and check-out via mobile phone.
  • Wireless technology has changed the way many restaurants do business, with table top tablets being used to give customers control of their dining experiences. Customers are connected to the kitchen and bar directly from their tables, simplifying and expediting the ordering process.
  • To improve future visits, restaurants and hotels are also using wireless technology to gather feedback. For example, guest service solutions such as Benbria and Guestware allow companies in the hospitality industry to collect real-time feedback from their customers, enabling businesses to provide a more personalized experience during their guest’s next visit.
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    Restaurants and hotels were among the first businesses to offer mobile-friendly websites as a way to improve the customer experience. Now, the hospitality industry is looking for new ways to reach consumers who have come to see technology as an integral part of the customer experience.
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Eco Tourism: Hotels Going Green - Cereplast - 0 views

  • Water-efficient practices can through technologies and proper systems can deliver equal or better service while saving water.
  • Cooling, lighting, water heating/cooking/refrigeration and ventilation account for 85% of total electric usage in hotels and motels. Reducing electricity consumption in theses equipment areas represents considerable energy and cost savings. There are many options for conserving energy: from good insulation to something as simple as changing thermostat settings can help reduce or eliminate the need for costly heating and cooling.
  • Solid waste in lodging include paper, food, plastic and various other components. Implementing a solid waste reduction program in a hotel can create significant cost savings and reduce land pollution.
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  • Lighting is the second largest energy expenditure in a hotel and is the easiest area for saving energy and money.  According to the Florida Power & Light Company, interior lighting accounts for 19% of electric usage in hotels and exterior lighting accounts for 4%
  • Thus, many hotels have realized a significant decrease in solid waste, energy and water consumption by making these small changes. It is not easy to be green in this sector, but the hotel industry now has a new environmental conscience.
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    This article discusses a couple of ways in which hotels are extending themselves to go green. Specifically the article lists three ways in which these hotels are initiating themselves into going green, which are through low water consumption Power saving, and solid waste disposal. The article also discusses energy efficient lighting.  Along with discussing these processes, the article explains that its not easy to be green in this sector, but the hotel industry now has a new environmental conscience. This being great for hotels. its one step in opening a new way to help get our environment back to where it needs to be and with there being such a large scale of hotels why not get them in the best order that we can get them. 
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    As the article states"The hotel industry has long been associated with excessive waste: using powerful chemicals for cleaning and wasting energy for maintenance rather than being environmentally friendly. Moreover and as result of tourism industry growth, the demand for resources from the hospitality sector has exponentially increased. However, the new popularity of Eco Tourism has encouraged hotels to adopt new green practices that allow them to reduce their negative impact on the environment" The hospitality industry can help improve the environmental problems we are going through at the moment by simply adding: low water consumption, power saving, energy-efficient lighting and solid waste disposal. Furthermore, the guest are starting to become more aware and loyal to brands that are making changes to become green and there is where eco tourism starts and its getting bigger. In the future, all hotels will have to follow the LEED requirements which makes them follow certain rules to help reduce energy and go green. This will help the hotel managers and industry save money and at the same time help the environment.
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Hotel Industry Risk: Cybercrime Has Targeted Hotel Wireless Networks To Steal Credit Ca... - 0 views

  • While financial services companies used to receive the bulk of hacker attacks, last year hotels emerged as the new choice target among hackers-out of 218 breaches in a total of 24 countries, 70 of those breaches took place through hotel networks, according to a report by security firm Trustwave SpiderLabs.
  • Even larger hotel chains are often poorly protected against cybercrime dangers, making it very easy for hackers to gain access to one computer and then use it as a doorway into the hotel’s central computer system, from where they can lift the credit card data of guests staying at the hotel along with other sensitive information.
  • It often takes hotels months before they notice the hack-last year, the average time between a security breach and discovery was over five months.
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  • While credit card companies, ultimately, are on the hook for fraudulent charges, you do have to report unauthorized activity, and catching credit card fraud early can save much time and hassle down the road.
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    This article report that sensitive data such as credit card information can be easily received through hotel wireless networks by cybercriminals due to the poor protection network. With the information, cybercriminals can make clone credit cards, which are indistinguishable from the real one and difficult to be traced. What worse is it takes months for hotels, customer and credit card companies to find out this criminal activity. Although hotels have began to step up security, this article notice that customers, especially those travel a lot, need to pay attention to their bank statement since the trend of hacker attacks didn't go down.
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Travel agent software allows you to keep your costs policy flexible. | STEELROOFERS.INFO - 0 views

  • The companys e-tourism solution is a package of software applications made to enable and support all areas of your travel and leisure organisations management promotion as well as fulfilment, having a central product, business and customer database at its central.
  • Maestro Enterprise Property Management hotel software
  • PCI-certified hospitality system
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  • Self-sufficient operators are checking out managed systems to reduce staff, trim hardware investment, streamline PCI-compliant cardholder security, and be sure 24/7 entry to property data.
  • profit performance
  • Enhance guest service, improve efficiency, and maximize offline and online revenue with Maestro PMS, the industry’s most robust and flexible holiday resort software and boutique hotel software solution
  • the web collection
  • third-party dependency
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    For that e-tourism technology, the greatest benefit for them is it can cut down the third party dependency, which can reduce a lot of cost (third-party fee, advertising cost, etc) and attract more kinds of customers.  It can offer direct booking, and the data could be collected real time. Especially it would connect to PMS, and when at night do the night audit, the process is simple but it can save a lot of time and maximize offline revenue. An it can easily for owners to see what the profit margin and other marketing analysis. 
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Aptech Financial Solutions Selected by Eight Hotel Companies with 120+ Properties | hos... - 0 views

  • Execuvue enables hotel companies to make informed decisions based on accurate, current data. It gathers and utilizes data from third-party source systems including PMS, time & attendance, general ledger, Smith Travel Research, and guest service scores into a single datamart for ‘right-time’ reporting and individual investigation. Execuvue creates and delivers actionable mobile-ready reports and dashboards that enable clients to make intelligent business decisions based on facts. The system’s versatility enables operators to build and automatically distribute interactive reports customized for a variety of property and corporate roles
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    The company Aptech Financial Solutions software has been recently chosen by eight different hotel companies. The software is back end accounting software which its investors believe to be the best in the business. The company has brought along over 120 plus new hotels in their recent acquirement including Summit Hotel Properties who has over 80 hotels. The company offers three different solutions to all your back end hospitality industry needs; Profitvue, Targetvue, and Execuvue.
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VingCard Elsafe - Worldwide Provider of Hotel Security Technology - 1 views

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    This article is an introduction of the VingCard Elsafe that is the worldwide provider of hotel security. There are more than 39,000 properties worldwide and excess of 6.5 million hotel rooms being secured by VingCard Elsafe. VingCard Elsafe includes four main kinds of products. They are electronic locking systems, hotel safe series, energy management system, and software-based integrated room control dashboard. The e-locking system includes traditional magnetic-stripe, smartcard systems and the latest radio frequency technology (RFID) contact-less electronic locks compatible, near field communication (NFC), and the most reliable and widely spread wireless RF-online solutions. The hotel safe series provide the only UL-listed hotel safe series on the market today in keypad and RFID/RF-online models and it can also be offered with an internal power outlet. The energy management system provides an intelligent solution to reduce energy cost, while ensuring guest comfort and contributes to enhance green initiatives. The software-based integrated room control dashboard has interactive and user-friendly dashboard that for the first time integrates electronic systems and status to allow hotel properties in managing subsystems remotely over the hotel LAN or web-based connection. According to the introduction, VingCard Elsafe would be very practical to provide local sales, service and support the security management in hospitality industry even it may cost a lot on installation and maintenance.
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