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Chengcheng Feng

Global Distribution Systems in Present Times - Four Major GDS Systems; Amadeus, Galileo... - 1 views

  • Among the “shelves” on which buyers search for travel services are world’s global distribution systems and the Internet distribution systems
  • The airlines realized that by automating the reservation process for travel agents, they could make the travel agents more productive and essentially turn into an extension of the airline’s sales force. It is these original, legacy GDSs that today provide the backbone to the Internet travel distribution system
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    October 2002 - The travel marketplace is a global arena where millions of buyers (travel agents and the public) and sellers (hotels, airlines, car rental companies, etc.) work together to exchange travel services. This is a good article talking about four major GDS System companies in the world nowadays. When we do some research in GDS area, it is better for us to know some information about these four companies. They are Amadeus, Galileo, Sabre and Worldspan. The author said that Aadeus is Number 1 inlocations worldwide compared to other three companies, Galileo International is a cautions follower when it comes to technology when compared to other GDS companies. Sabre's competitive strenghs are market position, global reach, stable product line, diversification of revenue streams and intellectual capital. And Worldspan has successfully developed the strategies and solutions to ensure the company's long-tern success. After read this article, I think I have the big picture of what GDS System is. The author gave us the strength of different systems. I know what are these GDS companies doing right now in the world. And what is the best is that the author used some accurate data to support the point. So in my point of view, I don't only understand the knowledge related to GDS System, but also learn the way to write my paper, that is using lots of numbers.
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    I don't know why but I was failed to highlight this article. I did it in My Library.
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    It is a great article that provides some detailed information on the four most famous GDS. and it was separated into four parts by explaining the four major GDS one by one. It is talking about the history, current status and development of these four major systems to help readers understand what exactly it is and how it works. I like this because it helps me create an overview of GDS systems.
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    Interesting article that summarize important information about major GDS companies. GDS companies such as Amadus, Galileo and Sabre are platforms in which a range of travel related services are offered through electronic switches and routers .
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    This article introduces four major GDS systems' characteristics and strength. I think these information will be useful for hotels when they choose the GDS systems.
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    According to the World's Leading CRS/GDS System 2011, Sabre is the winner profile. And the Amadeus, Galileo, Worldspan and Zurich Systems were nominated.
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    This is about GDS!
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    In the travel marketplace it is global where buyers and sellers work together to exchange travel services. Global distribution systems and the internet distribution systems have become electronic supermarkets linking buyers to sellers and allowing reservations to be made quick and easy. Travel today is sold most on the internet, it is a vast networks of suppliers and a wide customer pool in a centralized maket. Currently today there are 4 major GDS and they are continuing to grow. This article pretty much summed up what we learned in the past 2 classes
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    SUMMARY A global distribution system (GDS) represents a computerized system used for managing different transactions within the air travel and hospitality industry There are currently four major GDS systems: 1. Amadeus (2) Galileo (3) Sabre (4) Worldspan Amadeus Founded in 1987 by Air France, Iberia, Lufthansa, and SAS, Amadeus is the youngest of the four GDS companies. Amadeus is a leading global distribution system and technology provider serving the marketing, sales, and distribution needs of the world's travel and tourism industries. Its comprehensive data network and database, among the largest of their kind in Europe, serve more than 57,000 travel agency locations and more than 10,500 airline sales offices in some 200 markets worldwide... Galileo International Galileo International was founded in 1993 by 11 major North American and European airlines: Aer Lingus, Air Canada, Alitalia, Austrian Airlines, British Airways, KLM Royal Dutch Airlines, Olympic Airlines, Swissair, TAP Air Portugal, United Airlines, and US Airways. It is a major player in the GDS business throughout the world: North America, Europe, the Middle East, Africa, and the Asia/Pacific region. Galileo International is a diversified, global technology leader. Sabre For more than 40 years, Sabre has been developing innovations and transforming the business of travel. From the original Sabre computer reservations system in the 1960s, to advanced airline yield management systems in the 1980s, to leading travel web sites today, Sabre technology has traveled through time, around the world, and has touched all points of the travel industry. Worldspan Founded February 7, 1990, Worldspan was originally owned by affiliates of Delta Air Lines, Inc., Northwest Airlines, and Trans World Airlines, Inc. It is currently owned by affiliates of Delta Air Lines, Inc. (40%), Northwest Airlines (34%), and American Airlines, Inc. (26%). Since its 1995 advance into the world of Internet technology fo
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    This article is about the GDS system, and it introduced four major GDS system in present times. GDS is a worldwide computerized reservarion network used as a single point of access for reserving airline sears, hotel rooms, rental cars, and other travel related items by travel agents, online reservation sites, and large corporations. The for major GDS systems, Amadeus, Galileo, Sabre, and Worldspan owned and operated as joint ventures by major airlines, car rental comopanies, and hotel groups. GDS is also called automated reservation system (ARS) or computerized reservation system (CRS). Among the four major GDS systems, Amadeus is the youngest one and has done remarkably well during its short tenure. With its strong company infrastructure worldwide, impressive product set, and growing customer base, Amadeus is one of the most significant players in shaping the future of the GDS. Galileo's competitive strengths include market share, well-balanced and global presence, relationships with diverse groups of travel vendors, technologically advanced information systems, highly skilled personnel, and a stable product line. Gralileo is a follower when it comes to technology, but is has established successful relationships with entities such as Go, UK's best low-cost airline. Sabre's competitive strengths include market position, global reach, stable product line, diversification of revenue streams, and intellectual capital. Sabre business model is a strong one, and continues to make significant progress in advancing both its electronic travel distribution and its information technology solutions businesses. The last one Worldspan has a legacy of industry firsts that are not well known. It continues to look at benefits of creating its own consumer brand and has been partnering with different companies to expand the services that it can provide to its customer base.
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    GDS is started on the airline industry. And with it development, the airline company recognized that the GDS is becoming more and more important and necessary. And in my opinion, the GDS can not only focus on the airline. It can be on the internet. That is means they should built some sub-company around the world and it will help to form a kind of net that can cover all over the world. So that it is reduce the pressure of airline and increase the short distance distribution. it will be more efficiency for the guest and less human labor.
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    More and more customers rely on global distribution system to buy hospitality products in present time. This article introduces four major type global distribution systems, Ama dues, Galileo, Sabre and Worldspan. There are also some smaller GDS existed in the world. Amadeus is the youngest of the four GDS companies. Galileo International is a diversified, global technology leader. Galileo's competitive strengths include well-balanced and global presence, relationships with diverse groups of travel vendors, technologically advanced information systems and a stable product line. Sabre's competitive strengths include market position, global reach, stable product line, diversification of revenue streams, and intellectual capital. Worldspan provides worldwide electronic distribution of travel information, Internet products and connectivity, and e-commerce capabilities for travel agencies, travel service providers, and corporations.
Theodore Moore

Black Meetings & Tourism - Four Seasons Hotel Vancouver Raises The Bar For Green Initia... - 0 views

  • Four Seasons Hotel Vancouver
  • legendary service meets uncompromising environmental standards
  • Five Green Key rating - the highest possible rating for hotels
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  • operational areas and sustainable practices, including community outreach efforts.
  • 1-5 Green Key rating based on a comprehensive evaluation
  • Four Seasons Hotel Vancouver is one of only 30 distinguished hotels worldwide to be recognized as a Five Green Key Hotel.
  • Sempa Hybrid Heating System, which reduces the hotel's green house gas emissions by 20% to 50% per month
  • comprehensive recycling program and by newly installing energy-efficient, LED lighting sources designed to last up to 40 years.
  • Eco-Luxury program, which allows them to choose how often their bed linens and towels are refresh
  • sustainable dining options, from catered group functions to private dining in YEW restaurant + bar.
  • donates food, shampoos, soaps, bedding and linens to local social assistance organizations and charities.
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    The Four Seasons Vancouver has conquered the highest rating for Eco-friendly hotels. This title and rating is only given to 30 hotels nationwide and is extremely competitive in nature. Any hotel has the ability to qualify and is evaluated in several aspects consisting of the following: operational areas, sustainable practices and community outreach efforts. The Four Seasons Vancouver has switched over to a unique heating system that is reducing gas emissions, installed newly efficient LED lighting that will last for up to 40 years, participates in an Eco-friendly laundry system for par linen, offers sustainable dining options and donates to local organizations. Along with public recognition, going green has perks that not only benefit the environment but the hotel as well. The Four Seasons Vancouver has taken many drastic initiatives that will be in place for years to come. This says a lot about this individual property and Four Seasons as a hotel brand. It's exciting to see the opportunity for more hotels to go Green and be the change that we all would like to see.
agrie013

Twenty Four Seven Hotels Updates Accounting to Aptech's PVNG for 23 Properties - Hotel-... - 1 views

  • Aptech Computer Systems, the industry standard for hospitality financial systems, announced Twenty Four Seven Hotels updated its Enterprise Accounting for 23 properties to the PVNG Cloud Back Office system. Twenty Four Seven Hotels is headquartered in Newport Beach, California, with a portfolio that includes Marriott, Hilton and Hyatt brands. Aptech is an IBM Premier Solution Provider as well as a Prophix Premier Business Partner offering web-enabled business intelligence, budgeting, and hotel accounting software systems that are 100% hospitality specific.
  • Twenty Four Seven Hotels upgraded all 23 properties from Profitvue® to Aptech’s PVNG hotel accounting software in late 2019
  • Twenty Four Seven Hotels’ Vice President of Finance and Accounting Samuel Grant said, “All our properties are on PVNG now and the upgrade went smoothly. My staff loves the system. PVNG is easy to use and its cloud platform enables me to manage and review financial processes from anywhere on a mobile device. This makes it a very efficient system and gives us greater latitude in our financial operation.”
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  • PVNG supports one property or a large multi-brand, multi-property portfolio. PVNG uses the most current technology platform incorporating AP, AR, GL, Statistics, Financials, and a Bank Reconciliation, all with easy to use, familiar browser navigation.
  • Each of our properties is a separate entity and PVNG lets us provide separate financials for each,”
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    Twenty Four Seven Hotels has moved all their properties to Aptechs PVNG software. PVNG is a cloud-based enterprise accounting software. Aptech is a software company that has 100% hospitality specific software systems. Twenty Four Seven hotels has had no issue with this software as of yet they have only been seeing the positives of the software, the staff finds it very easy to use as well as the vice president of finance for the chain. twenty four seven hotels portfolio also includes Marriott, Hilton and Hyatt brands. this could see major hotel brands switch to more cloud based technology if this chain continues to be successful with it
Ligia Elizondo

Four Seasons Hotels and Resorts Earns #1 Spot on L2's Digital IQ Index: Hotels Rep... - 0 views

  • Four Seasons has fostered an environment of innovation and excellence in digital engagement that resonates with our guests at every touch point."
  • The L2 ranking measures the digital competency of 52 hotel brands via 350 data points across four dimensions: Site, Digital Marketing, Social Media, and Mobile.
  • Innovating with Emerging Platforms
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  • L2 is a think tank for digital innovation that helps prestige brands navigate the digital marketing landscape through events, research and advisory services. The L2 Digital IQ Index® is the largest and most robust study of its kind.
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    Four Seasons Hotels and Resorts brand has been recognized by L2 Think Tan's Digital IQ Index: Hotels for the use of plenty digital platforms. By analyzing the needs and wants of guest and potential customers Four Seasons decided to invest in technology obtaining great results. "We are thrilled to be recognized by L2 for our commitment to transforming our guest experience through digital and social media platforms," said Susan Helstab, executive vice president, marketing, Four Seasons. Four Seasons saw the great influence technology has in the way we conduct business and communicate therefore the brand applied the newest technology to create a competitive advantage among its competitive set. "The L2 study reflects just how meaningful this is to the guest experience, and solidifies the importance of Four Seasons continual advancement in the digital realm." Some of the recent innovations Four Season applied to the properties are the new website FourSeasons.com that includes real-time search and videos. It also includes maps, Facebook, and blogs among others. Creating a powerful and global social presence in YouTube, Facebook and Twitter that gives them more publicity, Innovating with Emerging Platforms and Mobile Access "The brand has seen 110% growth year over year of business booked through iPhones and 200% increase via iPads." Four Seasons is attracting more groups, leisure and commercial demand thanks to its technology.
Fei Qi

Four Seasons Hotels and Resorts Unveils New Website and Inaugural Luxury Trend Report - 0 views

  • The new fourseasons.com offers an immersive and user-friendly experience, combined with rich global content, impactful design and social media integration.
  • The Four Seasons Luxury Trend Report affirms that luxury consumers are not only embracing, but engaging with new technologies in ways that are changing the face of travel.
  • E-commerce is king. The luxury consumer is increasingly going online to research and make purchases. Four Seasons online bookings rose 10 percent from 2010 to 2011.
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    This article introduced the new website of the Four Seasons Hotel, what the new functions are added to the new website, and how the new website help the hotel attract new customers. There are some differences between the old hotel website and the new one. Six key features of the new website can respect the strengths of the new website which are Ease of booking, On the go, Access to review, Every property has a story, Location and Personalization. Four Seasons Hotel also unveils its Four Seasons Luxury Trend Report. Some of the insights from the report include: Luxury is back, Branding moves to the social sphere, E-commerce is king, The rise of the iPad. Nowadays, most customers choose to use website to get to know a hotel, so the website has a great meaning for the hotel. The website not only needs to have enough information, images, but some unique functions to attract customers and provide better service through the internet. Like the Four Seasons Hotel's new website, it allows for multi-destination, multi-hotel, and multi-person reservations, it will paint an authentic picture of the local culture, and it will collect guests' personal interests, related content and recommendations, this information will become available on a guest's next visit and over time, delivering a completely personalized experience. Four Seasons Hotel notices that E-commerce is the king, as Seventy-eight percent of the affluent participate in social networking sites, with more than half using social media to connect with a brand. The luxury consumer is increasingly going online to research and make purchases. It is important for the hotel the keep up with the latest technology such as the iPad. According to the Four Seasons Luxury Trend Report, One-third of wealthy consumers own a tablet or e-Reader. Four Seasons revenue generated from the iPad and other tablets has grown 200 percent from 2010 to 2011. The new technology has a close relationship with the hotel and the e-business.
Charlie Barrett

Four Seasons Hotels and Resorts Unveils New Website and Inaugural Luxury Trend Report - 6 views

    • Charlie Barrett
       
      This article talks about the inceasing use of technology in all aspects of hotel marketing, interaction and booking. There is a trend moving all business towards social marketing and social media. The Four Seasons has created a new website that caters to the new tech savy travelor. This new site is fully compatible with all tablets and smartphones. It allows the travelor to create a profile giving the guest a more personalized experience by anticipating guest wants and needs. The article also identifies the emergence of "The Luxury Trend Report." This report, generated through online research has identified growing technological trends in the market. Two of these trends are the rise of E-commerce and the increased use of iPads. The article clearly shows that the movement toward better hospitality technology is essencial for a brand to compete in this new age.
  • Personalization – After setting up a profile and indicating personal interests, related content and recommendations from Four Seasons will become available on a guest's next visit and over time, delivering a completely personalized experience.
  • The new Four Seasons website was thoughtfully designed in the same vein, to deliver an immersive and effortless experience tailored to every user.
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  • On the go – Fully optimized for mobile devices and tablets.
  • Access to reviews – Each of the 80-plus property pages feature user generated content direct from Twitter, Facebook and TripAdvisor.
  • The new fourseasons.com offers an immersive and user-friendly experience, combined with rich global content, impactful design and social media integration.
  • Extensive research around digital consumption of luxury consumers, both in the travel sector and across other categories, was conducted for the development of the new website. In addition, Four Seasons held focus groups globally to better understand guest and travel partner needs
  • The inaugural Luxury Trend Report highlights what we have learned about guest expectations in terms of high-tech balanced with high-touch, how they use social media to engage with brands, and other valuable information."
  • Branding moves to the social sphere. Seventy-eight percent of the affluent participate in social networking sites, with more than half using social media to connect with a brand. Four Seasons brings digital media to the forefront of marketing efforts to suit the ways guests communicate.
  • E-commerce is king. The luxury consumer is increasingly going online to research and make purchases. Four Seasons online bookings rose 10 percent from 2010 to 2011. The rise of the iPad. One-third of wealthy consumers own a tablet or e-Reader. Four Seasons revenue generated from the iPad and other tablets has grown 200 percent from 2010 to 2011. This number is predicted to grow significantly in 2012.
herzencortes

Final Four a lesson in large-event planning | MN Spokesman-Recorder - 1 views

  • The seven-course objectives include creating and implementing a volunteer management plan for the Final Four.
  • Her students are serving as Final Four “point guards” working with volunteers.
  • With Minnesota slated to host more such large-scale events in the next few years, Schull said similar classes could well be offered in the future.
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  • An estimated 1,000-plus volunteers participated in an orientation session Sunday afternoon at Williams Arena and the Gopher football stadium.
  • If [the class] wasn’t partnered with the Final Four, we would still look at similar content as far as marketing and planning events,” Instructor Dr. Vicki Schull told the MSR in her Cooke Hall campus office. She taught a similar class last year at Mankato State in which her students worked with Super Bowl volunteers at the same Vikings Stadium where the Final Four will be held in a couple of weeks
    • herzencortes
       
      The Final four is, logistically speaking, one of the most important events in the U.S from a sports perspective. The final four takes place in football stadiums as opposed to basketball stadium which poses many challenges from the seating to the idea of getting a football stadium to double as a basketball stadium
  • “This is much more experience-based, so their grades [nearly 70 percent] are based on training the volunteers,” the professor said. 
    • herzencortes
       
      Knowing the theory behind the practice is important, however, the practice of the theory is what gives the theory sense
  • Her was among the event’s scheduled speakers who included top officials from the school’s athletic department, the NCAA, and others who spoke to her class, Schull said.
    • herzencortes
       
      Knowing the behind the scenes of an event this large is imperative to the growth of masters students, because of this an opportunity like this is extremely valuable for any student
  • “With this class, we are more integrated with behind-the-scenes [hands-on experience] and learning from industry professionals.”
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    The University of Minnesota offers a graduate-level class called "Event Management in Sport" in which the 30 students create and implement a volunteer management plan for the sporting event the Final Four where an estimated 1,000+ volunteers participate.
natalieemmanuel

Four Seasons Resort Orlando at Walt Disney World® Resort Implements InvoTech ... - 0 views

  • our Seasons is respected for its personalized service. InvoTech's Uniform System ensures all 700 property associates have the appropriate number of uniforms to support
  • he award-winning Four Seasons standards," said Oswald Lares, director of sales for InvoTech Systems. "InvoTech's UHF-RFID readers record the location of each uniform as it travels to and from the property's laundry to maintain a real-time uniform inventory." The Uniform System at Four Seasons Resort Orlando at Walt Disney World Resort also automates uniform distribution to each specific property associate
    • danalbert
       
      The Walt Disney World Resort itself implemented the same technology nearly two years ago. With 66,000 cast members (employees) on the property, it seems to have served them well.It tracks check-outs, check-ins, laundry cycles and ensures that all costumes (uniforms) are cycled out and replaced after a pre-designated number of washes and wears. In any large-scale operation, particularly in hospitality, keeping a close track on inventory makes a lot of economic sense.
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    The new Four Seasons Resort Orlando at Walt Disney World is using the InvoTech Systems Inc. UHF-RFID Uniform System to provide real -time tracking of the 7,000 plus uniforms required for their staff. the system is able to track all uniforms by utilizing a waterproof RFID tag that is attached to each custom made piece for "automated tracking and record keeping." RFID tags are installed as the employee is issued their uniform. The uniform is then passed over the counter to the employee and the tracking system automatically records the pieces as they are being issued. The system is able to count hundreds of articles in a matter of seconds and insures that all uniforms are properly accounted for. The software system also monitors use and laundry cycles to facilitate replacement when required. By investing in the InvoTech System the Four Seasons Orlando is ensuring employee accountability and also reducing labor expenses associated with manual handling of uniforms.
anaslip

10 Examples Of Customer Experience Innovation In Hospitality - 1 views

  • When a guest feels the hotel understands them, they are 13% more likely to stay there again. The majority of hotel visitors want to experience new technology
  • Marriott is testing the technology at its hotels in China, which shortens check-in time from three minutes or more to less than one minute.
  • InterContinental Hotels Group is creating AI smart rooms in its hotels in China. The rooms allow guests to use voice control technology and speak naturally to get personalized assistance for both business and personal travel.
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  • Aloft Hotels uses Botlr, a robot butler, to deliver items to guests around the clock.
  • Guests at New York’s Yotel can have their bags stored with Yobot, a robotic luggage concierge. Robots aren’t entirely replacing humans, however—a lesson learned by the Henn-na Hotel in Japan, which fired half of its all-robot staff to employ more humans.
  • More hotels are moving away from traditional room keys to leverage RFID technology through guest wristbands. The technology is popular at resorts like Disney World and Great Wolf Lodge.
  • The Cosmopolitan in Las Vegas has Rose, an AI concierge who can help guests book spa services and restaurants and offers insider information like secret menu items at the hotel bar. Four Seasons Hotels uses Four Seasons Chat for 24/7 chat service that is powered by humans, not AI, for a more personal touch and responds to messages in 90 seconds or less.
  • . Hilton Hotels has introduced mobile check in for rewards guests to seamlessly check in, choose their room and unlock the door through an app. 
  • ach room at the CitizenM Hotel in Amsterdam comes equipped with a MoodPad tablet, which allows guests to change the temperature, TV, window blinds, alarm and lighting in one place. Some Marriott hotels have smart shower doors where guests can jot down their ideas while in the shower and then email the image to themselves for future use. 
  • A number of hotels and resorts, including Radisson and Omni, offer the service and have seen improved customer satisfaction and online booking rates. 
  • Hilton uses location-based services at some of its resorts to alert guests to events and activities that might interest them based on where they are on the property.
  • The wall of each room at Hub by Premier Inn in the U.K. includes an AR map of the local area. When guests point a smartphone at the map, they can learn about local attractions and get recommendations for the best things to do and see.
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    This article tells us about 10 new innovations in the hospitality world. Mostly it is talking about some innovations in the hotel industry such as face recognition at the registrations, voice-controlled rooms, and smart amenities.
Yuri Kim

HR Tech Vendors' Push to Go Global - Featured Article - Workforce - 0 views

  • Vendors are appealing to multinational companies that have made it a priority to combine their global workforce onto a single software system that can manage everything from payroll and administration to talent and learning management.
  • The trend is fueled by the relative low cost of cloud-based HR software, which makes using a single global system more affordable than ever.
  • Many global companies that still operate a patchwork of HR systems find it difficult to do even simple things, such as make a well-priced job offer to relocate a middle manager.
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  • We would stumble on job offers to move a general manager from one location to another," says Mary Sullivan, Four Seasons' senior vice president of corporate HR. "We spent enormous amounts of time researching HR when we opened a new hotel because there was no standardization and an over-reliance on paper-driven systems
  • Four Seasons executives now use the software from a desktop computer, iPad or iPhone to do things like check compensation information on anyone at a specific property. When a senior-level person overseeing guest rooms visits a hotel, for example, they see the performance rating for every employee in that division at that property, as well as locations each person has identified as places they'd like to work in the future.
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    The current trend of human resources software is towards global. Every major human resources software vendor is trying to appeal to multinational companies looking to handle their global workforce through a single, cloud-based human resource system that can manage everything from payroll and administration talent and learning management. Four Seasons Hotels and Resorts at Toronto had trouble transferring managers from one location to another and researching HR when they open new hotel. This is because they did not have certain standardization of compensations and they too much relay on paper-driven systems. Today, Four Seasons Hotels and Resorts are enabled to check compensation information on anyone at specific property as well as locations employees want to work in the future by using Workday's a global human capital management system. Moreover, Four Seasons' managers and employees working at the properties around the world will be allowed to use the system in various languages.
markh283

Hotel Cybersecurity: Protecting your guests and your property from vendor data breaches... - 0 views

  • Hotels rely on third-party vendors to help run their properties efficiently, and often must give them access to sensitive guest data. This leaves hotels vulnerable to cyber attacks; they’re only as secure as their vendors are, and may find themselves directly liable for a data breach.
  • July was another notable month for hotel data breaches – on a single day, several well-known hotel brands and managers, including Four Seasons, Trump Hotels, Hard Rock Hotels & Casinos and Loews Hotels all announced that customer data may have been compromised as a result of a security failure.
  • In analyzing the breaches, there is something that is common to almost all incidents: the vulnerability was not with a hotel, its manager or brand, but with a vendor.
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    This article notes that many hotels have been the victims of cyber attacks. For example, in July of this year, the Four Seasons, Trump Hotels, and the Loews Hotels all had customer information hacked because of security failures. Furthermore, many of these resulted from vulnerability from the vendors. To address this issue, the article suggests that hotels should incorporate the following four actions: (1) Review data security policies; (2) Require vendors to take responsibility for their mistakes; (3) Analyze cybersecurity policies; and (4) Require brands and managers to test backup systems.
cwilliamsiona

4 hotel accounting challenges and solutions | Hotel Management - 0 views

  • Watson shared with Hotel Management four of the most common challenges he sees when it comes to hotel finances and accounting and offers advice on how to solve them
  • The real challenge then becomes how hoteliers can implement affordable and scalable solutions without enormous cost that will also meet owner expectations
  • The solution: Partner up
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  • can leverage best-of-breed accounting and financial technology at a fraction of the cost of ownership
  • “Adopting solutions that are developed by hoteliers exclusively for hoteliers gives users a critical leg up over their competition,
  • How can hoteliers meet the labor demands of the peaks without overstaffing for the valleys and also stay within budget?
  • The solution: Real-time monitoring for labor
  • With an overwhelming amount of data, many hoteliers suffer from paralysis by analysis.”
  • The solution: A centralized platform is key
  • “Guest service, sales, operations, financial management, accounting, cash management, asset management, balance sheet performance, maintenance—these are just a few of the priorities on every hotelier’s to-do list,
  • The solution: Outsource it
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    In this article, the author discusses four hotel accounting challenges and solutions with Scott Watson, Executive Vice President of Sales and marketing from M3. According to this VP, hotel finances and accounting can be complex and come with challenges. We will discuss the challenge and solutions to the four listed issues: Enterprise Resource Planning, Staff Variations, Data Overload and Core Challenges. Firstly, the challenge with enterprise resource planning is how do hotels implement affordable and scalable solutions. Scott believes partnering up can cut costs. Secondly, staff variations and labor demands and the importance of staying within the budget. Scott's solution to this is real-time monitoring for labor. Cloud- based reporting can help manager monitor the daily labor costs and other payroll functions in real-time. Thirdly, data overload. The challenge here is how to do hotels present that data collected. According to Scott, the solution here is having a centralized platform. This allows for a check and balance system and may assist in monitoring cash flows, etc. Lastly, the fourth challenge are core challenges such as guest service, sales, operations and cash management. The main challenge here is how to hotels monitor the core competencies that generate revenue. The answer, according to Scott, is to outsource it. Outsourcing can be an efficient and cost-effective solution but it is not for everyone.
Angelica Saez

Global Distribution Systems in Present Times - Written By: Samipatra Das - HVS Internat... - 0 views

  • There are currently four major GDS systems: Amadeus Galileo Sabre Worldspan
  • Amadeus
  • Amadeus is the youngest of the four GDS companies. Amadeus is a leading global distribution system and technology provider serving the marketing, sales, and distribution needs of the world's travel and tourism industries.
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  • serve more than 57,000 travel
  • agency locations and more than 10,500 airline sales offices in some 200 markets worldwide
  • 58,000 hotels and 50 car rental companies serving some 24,000 locations,
  • The three founder airline shareholders currently hold 59.92% of the company: Air France (23.36%), Iberia (18.28%), and Lufthansa (18.28%).
  • Sabre
  • 11 major North American and European airlines: Aer Lingus, Air Canada, Alitalia, Austrian Airlines, British Airways, KLM Royal Dutch Airlines, Olympic Airlines, Swissair, TAP Air Portugal, United Airlines, and US Airways.
  • In October of 2001, Cendant Corporation acquired Galileo International for approximately $1.8 billion in common stock and cash. Currently, the company is represented in 116 countries, and serves travel agencies at approximately 45,000 locations. Other travel suppliers include 500 airlines, 227 hotel companies, 33 car rental companies, and 368 tour operators.
  • Galileo International
  • HVS Marketing Communications provides sales, marketing, public relations, and operational strategies for the hospitality industry in order to boost occupancies and provide more effective rate/yield management.
  • In 2001, Travelocity.com's 32 million members used the site, generating more than $300 million in revenues.
  • Worldspan
  • Samipatra Das joined HVS as a Consulting and Valuation Analyst in May of 2001.
  • connects more than 60,000 travel agency locations around the world, providing content from approximately 400 airlines, 55,000 hotel properties, 52 car rental companies, 9 cruise lines, 33 railroads, and 229 tour operators.
    • Angelica Saez
       
      GDS is a global distribution system is a computerized network system owned or operated by a company that enables transactions between travel industry services.
  • As the youngest of the four GDS companies, Amadeus has done remarkably well during its short tenure. Yet, in many ways, the company remains an anomaly. Amadeus has the greatest number of travel agency locations with the highest productivity per terminal in the world, yet its booking share is Number 3, and its revenues are dwarfed by Sabre and, to a lesser degree, by Galileo. While the company is Number 1 in locations worldwide, serving the greatest number of countries, it provides the fewest U.S. destinations of the top four GDSs.
  • HVS Technology Strategies is a division of HVS International, the world's largest hospitality specific consulting firm. The division was formed in mid-2000, following two years of hospitality technology market research. Our findings revealed a growing demand for unbiased, technology-focused consulting throughout the hospitality industry.
  • However, any discussion of the Internet as a distribution channel for travel needs to start with an
  • These systems have become electronic supermarkets linking buyers to sellers and allowing reservations to be made quickly and easily. Nowadays, more travel is sold over the Internet than any other consumer product. The Internet is a perfect medium for selling travel as it brings a vast network of suppliers and a widely dispersed customer pool together into a centralized market place.
  • sting electronic distribution infrastructure, the Global Distribution System (GDS). The airline industry created the first GDS in the 1960s as a way to keep track of flight schedules, availability, and prices.
  • understanding of the exi
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    Global distribution systems have grown immensely in the last couple of years. This article mentions the biggest and first companies to have created and used GDS. These were and are important companies with in the hospitality industry, they started using these systems to track themselves and created a monster that is now the best way for consumers to book and edit their reservations.
Nivia Butler

- Microsoft's Cloud Computing Strategy and Roadmap Evident at Convergence 2013 - 0 views

  • Microsoft's Cloud Computing Strategy and Roadmap Evident at Convergence 2013
  • Microsoft’s Convergence 2013 marks a subtle, yet
  • very significant shift in how this technology leader is marketing itself to partners and the outside world.  They are humanizing their marketing, messaging and products.
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  • For Microsoft to succeed with Windows Dynamics and Azure, they are going to need each partner and reseller to believe in the vision of a cloud-first strategy, then translate their unique expertise into sales. 
  • Kirill Tatarinov’s keynote underscored how committed Microsoft is to becoming a cloud, devices and services company. 
  • While Kirill did not specifically say that, it is clear from an architectural standpoint Windows Azure will be the foundational element of their devices and services strategy. 
  •  
    The article discusses Microsoft's cloud-first computing strategy and roadmap. The concepts were presented during the keynote address of Kirill Tatrinov at the Microsoft's Converge 2013 event. Microsoft is using a humanized approach in their marketing and messaging as they embrace a cloud computing, devices, and services strategy. The company is offering Windows Dynamics and Azure as part of their cloud-first strategy. Microsoft Azure is the foundational element of the company's devices and services strategy. Microsoft is committed to becoming a leader in the field. They will need their partners and resellers to believe in the strategy in order to be successful. During the Converge 2013 event, Microsoft presented four customer success stories from the Microsoft Customer Excellence Award. The four companies highlighted were Chobani, Shock Doctor, Revlon, and Weight Watchers. They each outlined how Microsoft Dynamics allowed them to better connect with customers and run more efficient businesses. Microsoft's cloud-first strategy has infused a sense of hope and anticipation in many partners and resellers and this could serve to transform the company's vision into a profitable reality.
anonymous

Aptech BI, Accounting, and Forecasting Systems Selected by 4 Hotel Companies :: Hotel N... - 0 views

  • Aptech Computer Systems, Inc., the leading provider of hospitality software for business intelligence and enterprise financial accounting, announced 4 hotel companies representing 17 properties selected its financial solutions to manage by the numbers for greater profitability. Aptech’s solutions are 100% hotel specific. All of its clients are companies that own or manage hotels. Click here for more on Aptech’s products and services.
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    Aptech Computer Systems INC announced four hotel companies have selected Aptech's financial solutions software. All four of these hotel companies represent 17 properties that mange their own hotels. This software is a fully integrated accounting system that has business intelligence and focuses on hotels in the hospitality industry. Aptech can either host the system, or the client or a third party can. The system also helps to maintain data security, maintenance, and updates. This is one of the most widely used Business Intelligence systems throughout the industry. I think the idea of accounting software for hotels in the hospitality industry is important because there are different aspects to hotels than other businesses. A hotel sells an experience instead of a product, so there are different focuses when working on an accounting statement. The system can help a hotel focus on what only pertains to them instead of other businesses. I find the system to be interesting and useful because it can help accountants' only focus on hotel related business.
iancochran

Four Seasons Hotel Buenos Aires Enhances Guests' Experience with New Digital Newspaper ... - 0 views

  •  
    BUENOS AIRES, Argentina , Sept. 11, 2014 /PRNewswire-iReach/ -- Guests staying at Four Season Hotel Buenos Aires have a new, complimentary digital amenity to keep them connected during their stay. The hotel now offers a digital, all-you-can-read newspaper and magazine service from PressReader, treating guests to more than 3,000 local, regional and international publications by using their laptops, tablets or smartphones.
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    Four Seasons Miami also just took another step in "going green" and now offers the press reader application to our guests. We don't buy hard copies of newspapers anymore to reduce the amount of paper being used to save the trees and rain forest. Guests don't have to pay any extra cost for this technology and have thousands of newspapers to choose from.
Gerson Dias

Four Seasons Earns #1 Spot on L2's Digital IQ Index - 0 views

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    The L2 ranking measures the digital competency of 52 hotel brands via 350 data points across four dimensions: Site, Digital Marketing, Social Media, and Mobile. (As new technology changes the face of travel, Four Seasons is committed to being at the forefront of digital innovation, engaging guests in the ways that are most meaningful to them. It also reflects the brand's long term strategic investment in digital. Examples that led to Four Seasons #1 ranking from L2 include: innovating with Emerging Platforms, creating a powerful and global social presence, mobile access, and the new FourSeasons.com.
YU CHEN

iPad POS use rising among restaurants | Nation's Restaurant News - 1 views

  • Wishart said the most appealing aspect of the iPad is how it speeds up the ordering process in the restaurant. “The orders are in the kitchen or bar while the server is still at the table,” he said.
  • He said food and beverage notes can quickly be called up from the tablets’ built-in applications or third-party software by the wait staff to answer guest inquiries.
  • Wishart said he spent about $3,000 on the hardware — including around $500-plus for each of four iPads and another $900 or so for four wireless printers, two of which are in the kitchen, while the third and fourth are in the bar and dining room. That compares with the $12,000 to $20,000 upfront costs of some conventional POS systems, he said.
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  • Wishart said Trio has yet to suffer any significant snafus with the cloud service. He expressed confidence in the reliability of, and redundancy of systems in, the data centers operated by e-commerce giant Amazon.com, from which Lecere contracts for support.
  • He added that the cloud-based model’s elimination of store-level software maintenance further sweetened the deal for him
  • Lappert is among the iPad POS users or vendors that have adapted magnetic stripe readers for credit and debit cards for use with the iPads. Others, such as Wishart, are processing card payments with one or more free-standing readers, such as the one behind the bar at Trio.
  • “You don’t have to worry about servers coming back into the kitchen 10 or 15 times a night asking questions, and the recipes for all the bar drinks are there, too,” Wishart said.
  • Wishart said he spent about $3,000 on the hardware — including around $500-plus for each of four iPads and another $900 or so for four wireless printers, two of which are in the kitchen, while the third and fourth are in the bar and dining room. That compares with the $12,000 to $20,000 upfront costs of some conventional POS systems, he said.
  • the touch-screen device’s ease of use, among other benefits
  •  
    The article, iPad POS Use Rising Among Restaurants, reflects the evolution and implementation of both hardware and POS software within the restaurant industry. The iPad is revolutionizing POS systems, helping to increase the efficiency for the restaurants. According to Chris Wishart, restaurateur of the Trio Restaurant & Bar, "You don't have to worry about servers coming back into the kitchen 10 or 15 times a night asking questions". This allows for the quicker and more efficient placing of orders that contribute to higher customer satisfaction, which is to an extent difficult to measure. As well, Wishart comments about the hardware cost an estimated $3,000, in comparison to the typical upfront POS system costs of $12,000 to $20,000. Including, the use of the cloud base technology has eliminated the need for store software upkeep. The iPad is a versatile hardware that has allowed POS software companies to benefit mutually along with restaurants.
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    This article introduces using ipad as a POS in restaurants. Customers liking ipad, this is a big advantage of using ipad to take the order. What's more, ipad can improve the efficiency for the restaurant and decrease the workload of servers. "You don't have to worry about servers coming back into the kitchen 10 or 15 times a night asking questions, and the recipes for all the bar drinks are there, too," And ipad POS can bring the benefit for the cost of the restaurants. In addition, it also has the reliability to assure users.
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    It is a revolution that tablet brings to restaurant industry. Taking orders, reservation, planning and inventory, all things are possible with iOS platform devices. Both restaurants and guests like new tablet POS because it improve experience and time efficient. Both servers and restaurant owners like it because it is cheaper to set up comparing with traditional POS.
Jianyi Wang

4 Problems with E-Commerce - and How to Solve Them - CRM Magazine - 0 views

  • According to Kim, the data that's wrapped up in e-commerce processes can not only drive sales, but also create a personalized experience for each and every shopper. Sophisticated analytics, however, are required to unlock the power of that data.
  • A lot of bad behaviors in offline commerce translate to online." Identifying those problems, he asserted, is the first step toward developing solutions.
  • The problems:Pushy Sales
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  • No-Service Sales
  • Segmentation
  • Wrong Data
  • The solutions
  • No Data
  • Listen and Serve
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    This article is a comprehensive analysis of the problems existing in E-Commerce from the perspective of a CEO in New York. According to Kim, a lot of bad behaviors in offline commerce translate to online. Identifying those problems, he asserted, is the first step toward developing solutions. There are mainly four problems in E-commerce including pushy sales, No-service Sales, No Data, Wrong Data. He suggests four solutions to solve these problem. At first, they remind that not all consumers should be treated the same. The simplest ,most effective way is segementation, dividing customers into several groups. Moreover,he mentioned that merchant should offer different product to people of their own targeted values. The other two solutions are listen and serve, one chance.That means the merchant should be patient enough to let customer tells them what they want and provide updated activities to the customers on time.
Krystal Jost

Four Hotel Companies Select Aptech Business Intelligence, Accounting and Budgeting Solu... - 0 views

  • Hotels across Country Implement Aptech Systems to Grow Portfolios, Assess Acquisition Profitability, and Simplify Back Office Operations
  • Aptech Computer Systems, Inc., the leading provider of hospitality software for business intelligence and enterprise financial accounting, today announced four new hotel companies have selected its hospitality solutions to improve their business intelligence, budgeting and forecasting, and accounting.
  • "The four new Aptech clients are a great example of how hotel companies are leveraging financial solutions to better manage their companies and increase profitability,"
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    Aptech Computer Systems, Inc., the leading provider of hospitality software for business intelligence and enterprise financial accounting, announced about four new hotel companies who have selected their hospitality solutions to improve their business intelligence, budgeting and forecasting, and accounting. M&R Hospitality Management in New York and San Ysidro Ranch in Santa Barbara, CA, are among the companies implementing Aptech's financial solutions. Excuvue is a web based hospitality Business Intelligence application which gathers and coordinates data from different hotel systems, including the Smith Travel Research report. This system can convert written online ratings, comments, and the guest satisfaction ratings into metrics. This basically helps in optimizing the revenues as they can match up with the customer's idea and with their current daily performance and also with their competitors. It is very essential to bring about changes in the department where your competitor is excelling at. This sort of information can help them make quick changes for profitability and customer satisfaction. The interesting part is that companies are looking outside to leverage financial solutions in order to better manage their standards and keep up the pace. and many more hotel companies are implementing this to streamline their back office processes.
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    This article focuses on how hotel companies are implementing a new system that has been introduced to simplify financial accounting. Aptech Computer Systems claims to be a leading provider of such software, allowing companies to improve their budgeting, forecasting, and accounting. Many hotel companies utilize Quickbooks to effectively manage their budgeting and forecasting needs, along with their accounting needs, and as these companies grow, they need a better solution to effectively manage these aspects. Companies with multiple properties need a system that can manage data from all of their different sources, and combine them to strategically analyze their profits, revenues, and their losses, as well as to make budgeting decisions and forecasts. Execuvue, a web based business intelligence application created by Aptech, combines data from a large variety of hotel systems, such as STR data, which is extremely valuable in assessing where each hotel stands in its competitive set, and how much of its market share that it is currently obtaining. The system also provides insight to operators as to recommended actions for the hotel to take with the data that is collected. The system also measures online ratings, comment card details and other guest satisfaction measurements, enabling hotel operators to utilize guest satisfaction ratings along with their profit standpoints and their current financials. This system seems to be a valuable resource in today's economy, and with the evolving technology. It allows users to utilize data from all sorts of sources to make decisions and assessments. Any operator or manager knows that seeing data quickly and efficiently, where the answer is simply laid out in front of you so that you do not have to seek information from multiple sources and then compare it with the other sources, allows you to make informed decisions much more quickly and be much more assured with your choices. It also enables those operators to find ways to opt
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