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lflor087

Advantages Of Cloud Computing For Hotel Industry - Hotelogix - 0 views

www.hotelogix.com/...d-computing-for-hotel-industry

shared by lflor087 on 23 Mar 23 - No Cached
  • businesses don’t have to burden themselves by storing data in traditional in-house servers
  • they can opt for a cloud service that would store their data in secured data centres.
  • Not only the big hotel chains but today, even independent and small hotels have strong management tools within their reach. There are several benefits of using the cloud and they have helped several hotels across the world to strengthen up their business — from increasing operational efficiency to lowering the management costs.
  • ...17 more annotations...
  • cloud-based services are now replacing the old and traditional systems at all levels. Infrastructure as a service (IaaS), Software as a service (SaaS), and platform as a service (PaaS) have all become the first choice of cloud computing services for many hospitality businesses. And they are all charged up with the amazing benefits of cloud computing.
  • By making use of cloud computing, as a hotelier, you pay only for what you demand. It specifies that your upfront costs are kept low as you are only paying for the computing power and cloud storage which your hotel actually needs.
  • Hoteliers Can Cut Huge Business Costs With Cloud Computing
  • it is the first and foremost thing which you should implement in your hotel business. Why? Because it will help you to bring the cost down by a significant percentage.
  • some of the major benefits of cloud computing in the hospitality industry
  • Cloud computing in the hospitality industry also shortens the project time resulting in costs cutting and higher productivity
  • cloud computing can benefit hoteliers by bringing down costs like energy, hardware and operations.
  • In the hospitality industry, Cloud Computing is a mixture of PaaS, SaaS and IaaS. It operates on the model of Use, Builds, and Migrate.
  • Cloud Computing Leads To Improved & Enhanced Guest Experiences
  • The two main purposes of an efficient and effective hotel PMS are: offer the hotel staff the best set of management tools assist you to ensure the top-notch guest experience
  • An added advantage of cloud computing is that it frees your staff from their otherwise fixed terminals and lets them work independently and even more efficiently. Being on the cloud also means that hotel check-ins can be done from smartphones or tablets and not only through the hotel front desk. That’s not all, other benefits of moving to the cloud include increased in the speed at which the guests access the products and services, thus only creating seamless hotel experiences for them.
  • Direct Bookings Are Made Easy With Cloud Computing
  • Hotels can upgrade their hotel website with cloud-powered services such as web booking engine that can be integrated to the hotel PMS. Also, one of the major benefits is the real-time update — it makes the process much smoother and cheaper, and saves a lot of time. Now, hoteliers can focus more on the aspects that would better guest experience and increase the revenue of the property.
  • Cloud Computing In Hospitality Industry Makes Working Remotely Possible
  • when you put your hotel process and management on the cloud, it provides you with the flexibility to access it and work on it from any part of the world — all you need is a steady internet connection and a smart device (a laptop, or a computer, or mobile phone or tablet.)
  • Outlook
  • When it comes to the benefits of cloud computing in the hospitality industry, the list includes enhanced guest experiences, massive reduction in costs, faster services and their seamless access, software and service security, and more flexibility.
  • lflor087 on 23 Mar 23
     
    This article talks about some of the advantages that cloud computing offers hotels and their guests. Cloud computing saves money for hotels. Is easier, more efficient, and more cost effective.
Linfan Cai

Hotel Software Advantages, Hotel property Management System Advantage - 0 views

www.hotelogix.com/business-advantage.php

hotel PMS advantages

shared by Linfan Cai on 28 Sep 12 - No Cached
  • by using the Hotelogix web-based PMS
  • This ensures that the ROI equation is tilted in your favor from the time you install the system. Within months of installing the system, you will start reaping good business returns
  • Hotelogix not only provides increased freedom to hotel operators but is also extremely reliable as a technology solution. It is both quick and dependable.
  • ...3 more annotations...
  • There are no hidden costs or infrastructure requirements.
  • Hotelogix is extremely affordable.
  • no investment is required on training, as the implementation is via the telephone or the web.
  • Linfan Cai on 28 Sep 12
     
    As some small size hotel, inn, or resort, they also need some convenient technology to manage their business operations. The online bookings, marketing sales and the housekeeping, all of them are important for a hotelier. They could choose the cheaper and more flexible property management system. This article shows some advantages of the Hotelogix web-based PMS. It has five outstanding feature. Because the investment is very low and it will spend less time in installing, the return on investment could receive quickly. And the Hotelogix not only provides increased freedom to hotel operators but is also reliable. It is very simple to use even for the first-time users. The investors could not worry about the hidden costs or infrastructure requirements. Moreover, the pivotal point is low pricing. In addition, its most valuable feature is no required investment on training because using and accessing the system is easy and having 24-hour support. This is a smart hotel operational system in the modern cities.
smend120

Advantages Of Cloud Computing For Hotel Industry - 5 views

www.hotelogix.com/...d-computing-for-hotel-industry

Hospitality Hotel Technology Cloud-Computing

shared by smend120 on 21 May 20 - No Cached
    • abroo041
      abroo041 on 21 May 20
       
      This article is discussing the benefits of using cloud computing in the hospitality industry, specifically, in hotels. With all cloud computing, the biggest overall benefit is that users no longer have to stress over attempting to maintain their data on their own. This article also goes into detail on how cloud computing can cut costs, improve guest experiences, promote direct booking, and allow industry professionals to work remotely.
  • Now, businesses don’t have to burden themselves by storing data in traditional in-house servers; rather, they can opt for a cloud service that would store their data in secured data centres.
  • Infrastructure as a service (IaaS), Software as a service (SaaS), and platform as a service (PaaS)
  • ...33 more annotations...
  • By making use of cloud computing, as a hotelier, you pay only for what you demand. It specifies that your upfront costs are kept low as you are only paying for the computing power and cloud storage which your hotel actually needs.
  • The need for hardware overload in your hotel is brought down, because of which your electricity bills are also reduced by a huge margin.
  • also shortens the project time resulting in costs cutting and higher productivity.
  • An added advantage of cloud computing is that it frees your staff from their otherwise fixed terminals and lets them work independently and even more efficiently.
  • increased in the speed at which the guests access the products and services, thus only creating seamless hotel experiences for them.
  • Also, one of the major benefits is the real-time update — it makes the process much smoother and cheaper, and saves a lot of time.
  • When it comes to the benefits of cloud computing in the hospitality industry, the list includes enhanced guest experiences, massive reduction in costs, faster services and their seamless access, software and service security, and more flexibility.
  • However, when you put your hotel process and management on the cloud, it provides you with the flexibility to access it and work on it from any part of the world — all you need is a steady internet connection and a smart device (a laptop, or a computer, or mobile phone or tablet.)
  • cloud computing has transformed businesses
  • hospitality industry, cloud computing has done wonders
  • reshaped the structure of the industry
  • from increasing operational efficiency to lowering the management costs.
  • better guest experience and increase the revenue of the property.
  • ringing down costs like energy, hardware and operations
  • increasing inclination towards the use of cloud computing in the hospitality industry, they don’t need to always rely on travel agents all the time
  • hotel check-ins can be done from smartphones or tablets
  • cloud computing has transformed businesses
  • businesses don’t have to burden themselves by storing data in traditional in-house servers; rather, they can opt for a cloud service that would store their data in secured data centres.
  • Over the past few years, cloud computing has transformed businesses from across the world, irrespective of their industry. Today, the demand anytime, anywhere access has skyrocketed, and cloud computing is delivering just that — all you need is an internet connection with good bandwidth.
  • cloud-based services are now replacing the old and traditional systems at all levels. Infrastructure as a service (IaaS), Software as a service (SaaS), and platform as a service (PaaS) have all become the first choice of cloud computing services for many hospitality businesses. And they are all charged up with the amazing benefits of cloud computing.
  • There are several benefits of using the cloud and they have helped several hotels across the world to strengthen up their business — from increasing operational efficiency to lowering the management costs.
  • Advantages Of Cloud Computing For Hotel Industry
  • Hoteliers Can Cut Huge Business Costs With Cloud Computing
  • By making use of cloud computing, as a hotelier, you pay only for what you demand. It specifies that your upfront costs are kept low as you are only paying for the computing power and cloud storage which your hotel actually needs.
  • In the hospitality industry, Cloud Computing is a mixture of PaaS, SaaS and IaaS. It operates on the model of Use, Builds, and Migrate.
  • cloud computing can benefit hoteliers by bringing down costs like energy, hardware and operations. The need for hardware overload in your hotel is brought down, because of which your electricity bills are also reduced by a huge margin. Cloud computing in the hospitality industry also shortens the project time resulting in costs cutting and higher productivity. Hence, if you shift your software services to the cloud, your hotel business would witness a significant number of opportunities.
  • Cloud Computing Leads To Improved & Enhanced Guest Experiences
  • The two main purposes of an efficient and effective hotel PMS are: offer the hotel staff the best set of management tools assist you to ensure the top-notch guest experience
  • An added advantage of cloud computing is that it frees your staff from their otherwise fixed terminals and lets them work independently and even more efficiently.
  • Being on the cloud also means that hotel check-ins can be done from smartphones or tablets and not only through the hotel front desk.
  • Direct Bookings Are Made Easy With Cloud Computing
  • There was a time when hotels used to payout huge commissions for bookings to the online as well as offline travel agencies. However, with the increasing inclination towards the use of cloud computing in the hospitality industry, they don’t need to always rely on travel agents all the time. Hotels can upgrade their hotel website with cloud-powered services such as web booking engine that can be integrated to the hotel PMS. Also, one of the major benefits is the real-time update — it makes the process much smoother and cheaper, and saves a lot of time.
  • Cloud Computing In Hospitality Industry Makes Working Remotely Possible When you as a hotelier is not present in the property, managing the operations gets a little tougher. However, when you put your hotel process and management on the cloud, it provides you with the flexibility to access it and work on it from any part of the world — all you need is a steady internet connection and a smart device (a laptop, or a computer, or mobile phone or tablet.)
  • kenziemoody on 23 Sep 20
     
    Cloud computing makes sense to work business in a cloud setting. The article states that Cloud computing has "transformed businesses" throughout the world. We learned that a disadvantage of Cloud is the dependence of Internet connection. With Cloud computing, you can share and store data. This can be a better way to run business. We have learned that Cloud computing is more scalable, secure, and reliable. Cloud computing cost less, and you can pay for what you need. Cloud you can customize what you need, to your specific needs. The article even mentions it "lowers management costs." Unlike unintended PMS, which can require maintenance, and be highly costly. We discussed in our video lecture from this past week, how hotel check-ins are being done from smart phones- as this article includes. This is beneficial for enhancing guest experience, and increasing the speed of check-ins. Travel agents have their own way of how they conduct themselves, their business, and the services he or she provides. However, the article shows how with Cloud computing, you would not need to depend on travel agents. Furthermore, Cloud computing can increase sales and revenue for a hotel property. Cloud computing is replacing traditional PMS system's and have a multitude of benefits.
  • garz14 on 14 Mar 21
     
    Hoteliers today are joining in on the trend of the use of cloud computing. Some benefits of cloud computing include the increase of operational efficiency, lowering management costs since the hotelier only pays for what they demand. Energy costs and hardware operation costs are also decreased. It allows for hotel check ins to be done via smart phones and tablets and not just at the front desk upon arrival, and it also allows for hotels to not have to rely on travel agents all the time for bookings which saves them having to pay commission to travel companies.
  • smend120 on 05 Sep 22
     
    No matter the industry, cloud computing has changed organizations all around the world in recent years. Today's need for access at any time and from any location has soared, and cloud computing is supplying it. All you want is a reliable internet connection. Businesses might choose a cloud service that would store their data in safe data centers rather than burdening themselves with traditional in-house servers to store data. At all levels, cloud-based services are now taking the place of outdated and conventional technologies. Many hospitality firms now use cloud computing services offered by infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS). And they are all fired up with the incredible benefits of cloud computing. Cloud computing can benefit hoteliers by driving down costs like energy, hardware, and operations. Your hotel's requirement for hardware overload is decreased, which significantly lowers your electricity costs. The hotel sector uses cloud computing to speed up projects, which reduces costs and increases efficiency. An efficient and effective hotel PMS will help you to ensure that your guests receive a first-rate experience and will provide the hotel employees with the best set of management capabilities. Another benefit of cloud computing is that it frees your personnel from stationary terminals, allowing them to work more independently and productively. Due to the cloud, guests may now check in at hotels using their smartphones or tablets as well as the front desk. Working remotely is possible thanks to cloud computing in the hospitality sector. Managing the business becomes a little more challenging when you, the hotelier, are not on the premises. However, putting your hotel management and operations in the cloud gives you the flexibility to access and operate on them from any location in the world.
brobb009

How a PMS Can Transform the Way You Look at Hotel Front Office Technology - 2 views

www.hotelnewsresource.com/article105518.html

shared by brobb009 on 30 May 19 - No Cached
  • how hotels can leverage a cloud-based Property Management System to empower front desk staff with the latest technology in the hotel front office department.
  • One of the biggest challenges that has plagued the hotel industry for centuries has been reservation tracking.
  • the best solution of any hotel that wishes to perfectly streamline the reservation process is a cloud PMS.
  • ...4 more annotations...
  • save on man-hours.
  • This is evidently one of the biggest advantages of moving to a cloud-based PMS.
  • automate and generate over 100 reports in a matter of minutes.
  • Updating rates and availability across multiple online channels following every reservation is a huge task.
  • brobb009 on 30 May 19
     
    This article discusses the benefits of a cloud based Property Management System (PMS) and its affects on the front desk staff. This technology automation feature has benefited hotels by saving man hours, decrease errors in rates and over booking, increased building customer loyalty, assisted in operational tasks, and reduced wait times for guest and staff communication.
  • tgood006 on 31 May 19
     
    This article was very interesting especially the section in regards to reservation errors. I worked in reservation and one the biggest things the hotels would tell us is we don't see the reservation and we have to force a reservation through our system and most likely cause a duplicate reservation to be made. If cloud PMS will have the ability to streamline reservation and cause less error that would be amazing to see.
mellakygg

Managing Multiple POS Outlets is a Cakewalk With a Cloud-Based PMS - Hotelogix - 0 views

www.hotelogix.com/...akewalk-with-a-cloud-based-pms

managing pos cloud

shared by mellakygg on 04 Feb 19 - No Cached
  • Well, it has several smart POS systems for all its outlets. And, most importantly, the hotel’s cloud-based PMS integrates seamlessly with all the POS systems empowering the management to increase billing accuracy while saving time. Now that is smart hoteliering, don’t you think!
  • In today’s fiercely competitive market, you need to stay one step ahead of your competition when it comes to adopting technology to grow your hotel business. Or else, you are bound to face operational bottlenecks like Hotel A.
  • For all these activities, guests usually pay during check out.
  • ...9 more annotations...
  • During the stay, guests can order food from your restaurants, use the spa, the gym, the travel desk or the gift shop
  • this is an important part of ‘guest convenience’, too.
  • So, in such cases, charges need to be posted directly to the guest folio in the Hotel PMS. The whole process needs to be properly streamlined as manually posting the bills can lead to multiple errors.
  • On the other hand, , you may face loss of revenue if you forget to post a certain amount on the final bill.
  • Now, to avoid such confusion, you must ensure that your Hotel PMS and POS systems are integrated
  • With such an integration, bills from multiple outlets like F&B point, gym, or spa can be automatically charged to a guest room and the folio can be updated with no manual intervention. This whole process eliminates billing inconsistencies and helps you ensure a pleasant guest experience.
  • Because, today’s leading POS systems are all on the cloud. So, it becomes a tough and complicated task to integrate your on-premise PMS with your POS system that is on cloud too. Integrating multiple POS systems with your old and outdated legacy PMS is a mammoth-level hassle, that you’d much rather avoid. Not only is it cumbersome, it is also impractical in this day and age.
  • A cloud-based Hotel PMS can come to your rescue ,in this case.
  • What this translates to, for you, is having all your hotel-related data under one umbrella, in one single system, on one dashboard. Moving from an on-premise system to a cloud-based PMS gives you the luxury of automation, accuracy, time and most important of all- convenience.
  • mellakygg on 04 Feb 19
     
    In today's fiercely competitive market adopting technology to grow your hotel business is essential, to avoid facing operational bottlenecks like Hotel A, unlike Hotel B who uses the latest technology to do smart hoteliering. This means getting a cloud based Hotel PMS which can easily integrate with a POS system that is also on the cloud. This translates into having all your hotel-related data under one umbrella in one single system, on one dashboard, giving you automation, accuracy, time and most importantly convenience. So during the stay, guests can order food from the restaurant, use the spa, the gym, the travel desk or the gift shop and pay for everything during checkout without being over or undercharged so both the hotel and guests remain happy and guests have a pleasant guest experience. In my opinion Hotel A needs to upgrade their technology to integrate the cloud PMS with the POS system also on the cloud and add other facilities to supplement revenue for the hotel when room occupancy might be down.
Xuan Huang

Hotelinkers - Hotels Centralised Distribution System on Cloud - 0 views

www.hotelogix.com/hotelinkers.php

hotels PMS Hotelogix

shared by Xuan Huang on 16 Feb 13 - No Cached
  • It lets you work with third party booking channels & mediums in real-time for your room sales.
  • Get rid of these complexities
  • Enjoy dynamic room allotments, which will automatically top-up your rooms to sell on distribution channels, as long as you have rooms to sell at your Hotel.
  • Xuan Huang on 16 Feb 13
     
    As we have discussed WebRezPro Property Management System early in this week, which considered as the TOP one hotel PMS technology, the Hoteliker counts the second place. Centralize, manage & distribute operations of your property with the worlds easiest Hotel Management System on Cloud. Multi-lingual, multi-property & multi-currency system with anytime-anywhere access. Like WebRezPro, Hotelogix has several similar advantages. It allows you to manage all your hotel operations from a central PMS, no matter where you are; It saves money a lot and simple to use. What is more important, it shows status and progress in real-time
sherylvelazquez

5 Benefits Of Using Hotel Accounting Software Integrated With Your Property Management ... - 0 views

www.hotelogix.com/...ith-property-management-system

hotel accounting software benefits

shared by sherylvelazquez on 16 Feb 20 - No Cached
  • Financial statements of each department are vital for hotel owners/management to understand the monetary health of their hotel business.
  • Generating and procuring all these details manually, consumes time and involves tremendous effort. Plus, it may lead to errors, too.
  • Tech-savvy hoteliers have adopted cloud-based property management systems (PMS) to perform a host of tasks including accounting.
  • ...2 more annotations...
  • It saves time and cuts down costs while providing greater accuracy.
  • does not require hardware installations and comes with free upgrades!
  • sherylvelazquez on 16 Feb 20
     
    This article lists 5 benefits in having accounting software that in integrated into your Property management system. How it is more effective than generating report manual and how it leads to less error. It is easy to use and can be accessed from anywhere since it is on a cloud based PMS.
robfitzpatrick

Hotelogix announces contactless capability for guests, compliance with COVID-19 guideli... - 0 views

www.traveldailynews.com/...covid-19-guidelines-for-hotels

shared by robfitzpatrick on 15 Sep 20 - No Cached
  • Hotelogix, a leading Enterprise-Grade Cloud Hotel PMS provider releases an API stack, enabling complete contactless check-in and check-out experience for hotels
  • various other guest-facing capabilities
  • works ‘on mobile’, without a mobile app
  • ...7 more annotations...
  • contactless platform in compliance to COVID-19 guidelines, which eliminates the human touch in the entire course of the guest stay at the hotel.
  • collecting feedbacks, selling upgrades, in-room ordering,
  • o perform all check-in related activities from the ease of their own device without having to interact face to face with any hotel staff.
  • digitizing other areas of interaction between the guest and the hotel.”
  • seamless end to end integrated experience with contactless modules
  • pace of recovery
  • how fast hotels can implement technology to adapt to the new normal."
  • robfitzpatrick on 15 Sep 20
     
    The article talks about Hotelogix, a cloud-based hotel PMS, teaming up with Xperium's new technology that enables complete contactless check-in and check-outs. This new technology allows guests to perform all the normal check-in activities right on their cell phone, without the need to download a specific app. It digitizes the paperwork so the guests can electronically review the reservation and sign off on the registration card. They can also select their room right from their phone. This new technology complies with the COVID-19 guidelines and will be key in the industry's recovery. The new technology doesn't just end with the check-in process. It offers various capabilities such as collecting guest feedback and preferences, up-selling rooms, ordering room service, and can even take credit card payments. With the pandemic and the need for contactless services, this will help push cloud-based PMS to the forefront. The speed in which hotels adopt these new types of technologies will be crucial to their recovery in the new normal.
mannypjr

5 Best POS Systems for Hotels | Book Guests With Ease - 0 views

toppossystem.com/pos-system-for-hotels

pos hotels

shared by mannypjr on 20 Sep 20 - No Cached
  • It works with a variety of amenities such as restaurants, travel desks, spas, minibars and much more. It comes with unlimited built-in POS System terminals.
  • Hotelogix lets you settle payments through different modes. It accepts multiple currencies, processes credit cards or generates bills directly to the company.
  • Allowing management to gain greater control of all departments by merging operations together, like Housekeeping POS, Front Desk POS, etc.
  • ...29 more annotations...
  • Making packages and inclusions will help up-sell services.
  • The main focus is to make lasting connections that enhance guest satisfaction, boast an efficiency of staff and operational workers and grow revenue opportunities with automated engagement.
  • Restrictions can be set up to restrict users to perform critical actions like night audit.
  • On-premise or installed deployment feature is not available in the POS System.
  • You can easily promote your hotel through various channels with a variety of inclusive packages and rates.
  • This avoids the need to print multiple receipts and cause inconvenience to the guest.
  • This POS system caters to scheduling activities, food and beverage and more.
  • It also expedites the traditional check-in and out experience which mostly causes dissatisfaction.
  • It protects the guest’s payment data and reduces the risks, costs, and compliance by tokenizing each transaction with point-to-point encryption (P2PE).
  • The customer service staff is not always able to solve your issue at once, but their team can submit a ticket and get any errors fixed within a reasonable timeframe.
  • Allow customers to pay their entire bill and room costs at checkoutVerify that the billing is accurate by putting all charges on one billCombine bar, restaurant, and room service charges for any roomMatch specific menus to any display device to any area in your hotel
  • You can connect and share data in real-time with this POS system.
  • Assign special permissions to managers or cashiers, giving them the ability to view sales numbers or simply manage inventory.
  • The interface also allows for seamless billing for any and all room service requests.
  • You can track products easily and see if they are near the minimum or maximum level.
  • If you own multiple businesses, you can use Bepoz to keep track of all of your businesses.
  • Bepoz does not provide installation or an on-premise option.
  • LS Retail provides a holistic solution to all your worries by giving you a transparent and enhanced view of your hotel’s entire business operations.
  • With LS intelligent analytics tools, businesses can track and study their customer’s past interactions and preferences to make their guest profiles more meaningful.
  • LS Central for hotels gives an option where it can be deployed solely in the cloud, on the hotel premises, or both at the same time – whichever way suits your business profile in the best way.
  • It gives a complete overview of your hotel’s current occupancy, its housekeeping, along with all the extensive analysis required by the management to make necessary decisions.
  • It is a single platform that minimizes costs because it reduces the number of vendors and other systems that are otherwise needed for resolving all hotel-related business issues.
  • There is nothing more important than booking guests. Using a hotel POS system can help this process become quick and easy.
  • The average consumer is more likely to go for a package deal, given that they are getting good value for their money.
  • If the client makes an online reservation, the information will be distributed in real-time.
  • You can print these reports and give a detailed review such as payment balancing totals, customers served, average customer and much more.
  • Rewards deals can often increase sales.
  • Our recommendation is to consider Hotelogix or Agilysys, as they are user-friendly and have effective loyalty and sales tools.
  • The features are very comprehensive and fit for both large and small hotels.
  • mannypjr on 20 Sep 20
     
    This article looks at the 5 best POS systems for hotels including Hotelogix, Agilysys, Lightspeed Retail, Bepoz, and LS Retail. It breaks down what makes each system different and the pros/cons associated to each of them.
lvela051

5 benefits of modern accounting system for your hotel business - WhaTech - 2 views

www.whatech.com/...system-for-your-hotel-business

technology Hospitality hotel software accounting

shared by lvela051 on 17 May 18 - No Cached
  • As a hotelier, you need to adopt new technologies to effectively streamline this aspect of your business.
    • lvela051
      lvela051 on 17 May 18
       
      Technology is becoming the new normal, which hoteliers have to adapt to.
    • lvela051
      lvela051 on 17 May 18
       
      It is useful within a hotel but especially in larger establishments that generate a lot of business.
    • lvela051
      lvela051 on 17 May 18
       
      The article addresses 5 great benefits that comes with modern accounting but does not take into consideration the drawbacks of using technology to calculate data.
  • ...9 more annotations...
    • lvela051
      lvela051 on 17 May 18
       
      Besides creating statements, their responsibilities include:
  • Information such as how your room is priced compared to competitors, or the current month’s profit as compared to the previous month gives deep insights.
    • lvela051
      lvela051 on 17 May 18
       
      How it benefits the hotel?
  • Budgets Compare profits (between current and past periods) Prepare financial statements, balance sheets Cash flow statements Payroll management Business planning and much more
  •  5. Speed and efficiency:
    • lvela051
      lvela051 on 17 May 18
       
      Great way to be time efficient and also provide accurate information and a faster pace. Doesn't require the need to check manual spreadsheets all information is stored within a system.
  • 2. Access from anywhere:
    • lvela051
      lvela051 on 17 May 18
       
      This can be an issue, because it can compromise the security of the information.
  • 3. Information in real-time:
  •  4. Ease of use:
  • 1. Automation and Accuracy: A hotel accounting system makes it easy for you to generate invoices, account statements, produce payslips, and much more.
  • Tech-savvy hoteliers have adopted cloud-based property management systems (PMS) to perform a host of tasks including accounting.
    • lvela051
      lvela051 on 17 May 18
       
      The merge between PMS system and accounting (financial) system.
  • lvela051 on 17 May 18
     
    Accounting within a hotel is very important because it helps to generate reports to determine the cash flow within a hotel. The article that I choose summarizes the changes that have occured that have affected the way accounting is done within a hotel. It touches briefly of how old school vs new school accounting is done. The way accounting was done a few years back was by being done manually with spreadsheets and needed more time to create invoices. As far as the new way accounting is done, there are accounting softwares that allow us to track real time numbers within seconds to determine budgets, statements and other reports. The idea of using the software is to create a more accurate and faster routine to have data represented correctly. It also mentions the integration of PMS and the hotel accounting management software to work together to make it easier for hotels to use. After reading the article, the idea of having these softwares put into place to make it "easier", also comes with the fear of having this technology backfire. With so many benefits being mentioned throughout the article, we would also have to analyze the negatives being hacking, malfunctions and other issues within having technology. Within a hotel, accountants have a lot of individual and group accounts that requires personal information and also deadlines. The use of accounting systems would help to facilitate the amount of data that is being processed and also ensure that its accurate to prevent any mistakes.
irinadolgopolova

Are You Leveraging the Benefits of Hotel PMS Integrations? - 0 views

www.hotelnewsresource.com/article105468.html

technology hospitality PMS Integrations hotel software

shared by irinadolgopolova on 21 Jun 20 - No Cached
  • hotel property management system is not an integrated one. This means, as a standalone application, the Hotel PMS you have adopted is doing a great job by bringing in the much-needed higher degree of automation. But it lacks integration capabilities with a host of operationally imperative third-party hospitality technology solutions like channel manager, online reputation management solutions and many more.
  • #1 – Channel Manager Integration
  • The two-way integration between the Hotel PMS System and the channel manager software helps you update all the OTAs with your rates and inventory in real-time. reservations made on any OTA will reflect in your Hotel PMS in real-time, making sure that there is no discrepancy on the availability of rooms on various channels. Similarly, this integration updates reservation cancellations/modifications on all the sales channels.
  • ...13 more annotations...
  • Hotel PMS that is integrated with online reputation management solution
  • #2 - Reputation Management Solution Integration
  • Benefits- Real-time and automatic update of inventory & rates across multiple OTAs- Increased online visibility of your hotel leads to more booking coming from OTAs- No more overbooking/double booking- Save time
  • #3 - Booking Engine Integration
  • Benefits- Collect personalized feedback from your guest- Analyze guest sentiment, understand their concerns and serve them better- Read and reply to reviews from 150 plus platforms- Effectively increase your online score and rating
  • The Hotel PMS System automatically sends out the email to the guest seeking their feedback on your services. This process helps increase your chances of getting more reviews from your guest and displays latest reviews online. All these help you to generate more bookings.
  • The Hotel PMS Software and Booking Engine integration turns your hotel website into a source of driving more direct bookings. Moreover, see if your Hotel PMS partner can help you with a booking engine that can be integrated with your Facebook page. This helps you get more bookings from your Facebook page.
  • It helps you turn lookers into bookers on your TripAdvisor page. Here too, you can save on hefty OTA commission fees.
  • Benefits- Get more direct bookings- Lower your dependency on OTAs- Save significantly on huge OTA commission- Earn more room revenue and increase your profitability
  • #4 – Revenue Management Integration
  • it is advisable to adopt a hotel property management system that comes integrated with a host of smart and intuitive revenue management tools
  • The PMS captures all types of discounts and refunds given on orders created at the POS in real-time and also captures category-wise POS details, so that sales are posted on appropriate account heads. Moreover, the integration also enables you to accept payments in multiple ways including cash, credit card, debit card, cheque, coupons, via online transfer methods like wallets, etc.
  • Benefits- Ensures efficient and streamlined billing process- Zero billing discrepancies, no loss of revenue- Get insights on performance of all the POS outlets at your hotel
  • irinadolgopolova on 21 Jun 20
     
    Using the PMS that integrates with different operational processes in the hotel can extremely benefit the managers, as they will have more time to work on improving the guests' experience, rather than supervising the operations related to PMS and other hotel departments' interactions. In this article, the different types of PMS integrations are described, along with the benefits of implementing those integrations.
obena010

Why traditional hotel management practices can kill your business - 0 views

www.hotelogix.com/...es-that-can-kill-your-business

hotel management practices

shared by obena010 on 21 Jun 20 - No Cached
  • free application might even help you access the Hotel PMS and hotel data from remote locations. But,
  • free application might even help you access the Hotel PMS and hotel data from remote locations. But,
  • No guarantee on data security
  • ...21 more annotations...
  • No guarantee on data security
  • In this post, we will look at some of the outdated hotel management practices that make up a perfect recipe for disaster.
  • #1 – Manually handling operations
  • Manually handling operations is prone to errors, errors that can cost your hotel dearly. Your staff will have to keep doing mundane and unproductive jobs that don’t add any value. Plus, they will get no or little time to attend to your guests’ needs with a personal touch.
  • This is because most of the third-party solutions today are on the cloud and their integration with a server-based Hotel PMS will never be seamless oreasy. It would be a forced integration leading inconsistent data flow between them.
  • With such a flawed practice in place, you won’t be able to efficiently maintain records of your hotel business. You will be forced to sift through numerous files and pages to locate a single piece of information. It would not help you understand how your business fared over Christmas season last year, making it impossible to take measures to do better this season. Yes, we are talking about ‘Data’ here. Today, no hotel business can survive without having timely access to guest data and operational data.
  • #3 – Using an outdated server-based Hotel Property Management System
  • An on-premise system is expensive, you need to have dedicated servers and IT team to manage it.
  • software upgrades. Thus, your cost of software ownership will go up.
  • #2 – Manual methods of record-keeping
  • PMSs are quite high and you also need to spend extra to get your staff trained on the same.
  • Not only that, you can’t view your business data and hotel position from outside your office as you can’t access the Hotel PMS once you are out of your property. Plus, these Hotel PMSs are not mobile optimized.
  • #4 – Using a free cloud-based hotel software
  • free application might even help you access the Hotel PMS and hotel data from remote locations. But,
  • free appli
  • ocation
  • ree ap
  • You still have to deal with many operational issues including –
  • No guarantee on data security
  • Time to look at a smart cloud-based Hotel Property Management System
  • Here’s how our all-in-one Hotel Property Management System, Hotelogix, can help you with your hotel business:
  • obena010 on 21 Jun 20
     
    It talks about the 4 mistake hotel owners make when it comes to the management of their properties and PMS
blevi022

Post COVID 19 Pandemic Global Property Management System (PMS) Market Research Report 2... - 1 views

www-bccourier-com.cdn.ampproject.org/...amp

shared by blevi022 on 20 Jun 20 - No Cached
  • Global Property Management System (PMS) Market analysis 2015-2027, is a research report that has been compiled by studying and understanding all the factors that impact the market in a positive as well as negative manner
  • Some of the prime factors taken into consideration are: various rudiments driving the market, future opportunities, restraints, regional analysis, various types & applications, Covid-19 impact analysis and key market players of the Property Management System (PMS) market
  • Major Market Players with an in-depth analysis: InnkeyPMS, DJUBO, Hotelogix, Oracle, eZee Technosys, InnQuest, MSI, Guestline, Frontdesk Anywhere, Northwind, RDPWin
  • ...4 more annotations...
  • Property Management System (PMS) market research report also provides information on how the industry is anticipated to provide a highly competitive analysis globally, revenues generated by the industry and increased competitiveness and expansions among various market players/companies.
  • The latest Coronavirus pandemic impact along with graphical presentations and recovery analysis is included in the Property Management System (PMS) research report. The research report also consists of all the latest innovations, technologies and systems implemented in the Property Management System (PMS) industries.
  • The research report also provides light on various companies & their competitors, market size & share, revenue, forecast analysis and all the information regarding the Property Management System (PMS) Market.
  • Property Management System (PMS) Market research report provides an in-depth analysis of the entire market scenario starting from the basics which is the market introduction till the industry functioning and its position in the market as well as all the projects and latest introductions & implementations of various products. T
  • blevi022 on 20 Jun 20
     
    This discusses a research report that studies the impact of both positive and negative factors impacting the market for PMS software. This includes analysis on the impact caused by COVID-19.
  • jackyreis on 21 Jun 20
     
    This is a great article and I love that it highlights issues that we're currently facing! A relevant article about the several improvements that'll have to be made amongst improving our technology, guest preferences, manage reservations based on COVID-19, etc.
jordanskj

The Impact of AI on the Hotel Industry - 2 views

www.hospitalitynet.org/...4108343.html

Technology hospitality Hotel software tech business Travel

shared by jordanskj on 30 Mar 22 - No Cached
  • AI – artificial intelligence – is everywhere these days. It’s baked into your smartphone, your desktop and laptop, your virtual assistant, your smartwatch
  • They’re bits of code that live in the technology we use every day.
  • The term “AI” doesn’t have to refer to an autonomous robot that handles the cleaning in your home. It can just as easily refer to the algorithm used to personalize the marketing emails you receive.
  • ...23 more annotations...
  • An AI-powered phone system can intelligently route calls. Chatbots can answer basic questions online. AI-connected remote check-in systems can allow guests to check into their rooms remotely via a smartphone app and never need to stop at the front desk to begin with.
  • Without AI, it would be impossible for your team to deliver the level and quality of service that you expect and your guests deserve.
  • AI is enabling personalization on a much deeper level – one that affects the very core of the guest experience.
  • Chances are good that you use a property management system (PMS), as well as a point of sale (POS) system. Both of these are powered by artificial intelligence, which is how they can help you manage bookings, sell add-ons, add them to guests’ bills, and more.
  • Room rate optimization Dynamic room pricing based on occupancy Updating your rates across multiple channels and OTAs in real-time Comparing your performance and rating to other hotels in the surrounding area
  • AI is vital to being able to maximize your revenue while automating mundane tasks and reducing the amount of human effort required (and the number of errors caused by humans, as well).
  • Artificial intelligence embedded in the software you use every day, such as your PMS and POS, enables better efficiency, a deeper connection with your guests, and, ultimately, more success for your hotel.
  • For instance, an AI chatbot added to your Facebook Messenger can answer guests’ questions and take basic information and add it to your database. That can then be used to personalize further interactions with the guest. You might make special offers that speak to their unique needs, such as child-friendly rooms, all-inclusive stays, or experiences that include a room at the hotel, but also tickets to events or shows in the surrounding area.
  • AI allows you to personalize every aspect of a guest’s stay.
  • offer unique amenities and services
  • to live up to today’s guest expectations, such as less human interaction and more automation (both of which are important for health and safety protocols).
  • n fact, data is considered more valuable than any other business asset, including cash.
  • To put the information you have in hand to use on your hotel’s behalf, you must sort, organize, cleanse, parse, and then transform it into something usable by human beings.
  • automating all these processes and ensuring that you’re able to surface key insights that speak directly to your ability to reach and engage with guests while staying abreast of current trends in the industry.
  • make informed suggestions from the travel/concierge desk
  • Once, science-fiction predicted that we would eventually live in a world filled with robots that make our lives simpler and easier. That day has come, but the robots are largely invisible.
  • Today, you’ll find AI at work in just about every aspect of all industries.
  • You only need to look at the incredible number of tasks that front desk staff are expected to juggle to realize that, without artificial intelligence, the situation would be very different.
  • In addition to juggling all of these tasks, employees are expected to be courteous, kind, to verify guest documents thoroughly, provide their undivided attention, and answer questions promptly. Since human beings are not actually able to multitask, how do you ensure that all of these things happen simultaneously and correctly? The answer is, with artificial intelligence.
  • Personalization is an essential consideration today. Consumers expect the businesses they interact with to personalize all communications. That applies to everything from voice communications to email marketing, social media interactions, and more
  • How is AI enabling better personalization?
  • It’s all about creating a unique experience that’s tailored to each guest or family.
  • From business intelligence in the hospitality industry to automating front desk and back-office tasks, AI is here to stay.
  • sarahcarniglia on 30 Mar 22
     
    Hospitality employees are faced every day with multi tasking which can lead to human error. AI has many benefits in making the majority of these tasks automated. Hatboxes will take a guests information, and record it into the database which will allow the staff to make the stay more personalized with information at hand.
  • ...1 more comment...
  • djohn304 on 15 Sep 22
     
    AI exists in all functions of our modern lives. It has fundamentally allowed for more processes to happen, while exhausting less human labor. It has created more efficiency and accuracy in the hospitality industry.
  • djohn304 on 15 Sep 22
     
    The article simply describes the ways in which AI is apart of our everyday lives and how it has not only impacted us as individuals but in the hospitality industry. Years ago, when we thought of AI we would think of big robots but now AI is as small as a chip in an iPhone, or as intangible as data on a software. AI has enabled a deeper level of personalization to guest experience as well as added close to maximum efficiency in the data and intelligence realm. It allows for multiple processes to be happening at the click of a button, lessening the potential exhaustion of our human resources in these businesses. In my opinion, AI has brought exponential convenience to our everyday lives and although sometimes intrusive, it makes life easier. Being able to rely on a piece of technology to remember certain patterns and trends is convenient and efficient.
  • jordanskj on 19 Sep 22
     
    In this article, the author thoroughly discusses how artificial intelligence has severely impacted the hospitality industry. The author begins with a short description of what AI really is, stating "The term "AI" doesn't have to refer to an autonomous robot that handles the cleaning in your home. It can just as easily refer to the algorithm used to personalize the marketing emails you receive". They then go on to explain how AI can be and IS extremely helpful to the operations side of the hospitality industry. For example, when the front desk phone rings, AI can be implemented to intelligently reroute incoming calls to the correct department's line, alleviating some of the work off of the front desk staff who would've otherwise needed to stop what they're doing to answer the phone for something as simple as a transfer to a different department. Next is a section dedicated to how AI can personalize the guest experience. By collecting data on guests while they're using your website, you can show them offers and amenities at your hotel that are tailored to them. The example in the article states "You might make special offers that speak to their unique needs, such as child-friendly rooms, all-inclusive stays, or experiences that include a room at the hotel, but also tickets to events or shows in the surrounding area". All in all, AI is vital to the hospitality industry. It not only helps guests have the best experience they possibly can, but it also helps the staff with providing the best service they possibly can to the guests.
luis capote

Hotel Management Software, Online Property Management System - Hotelogix - 0 views

www.hotelogix.com/blog

shared by luis capote on 17 Jun 12 - No Cached
  • luis capote on 17 Jun 12
     
    Why trust the cloud? This is the one question that almost everyone especially business owners ask. However, more and more hotel owners have realized that using a web based hotel management system is more practical and easier to operate than the traditional Property management system. From a financial point of view, it's more cost effective to rely on the web to accomplish the same work than having to invest thousands of dollars in an IT infrastructure management system where maintenance and support need to be in place. Despite the benefits of using this web system, most people face irrational fears about adopting the cloud computing concept in their own business setting. In order to eliminate this fear and fully understand how it can improve anyone's business, she/he must be educated and properly trained about the pros and cons associated with using the web based management system. The cloud is literally everywhere.
Jiabao Han

Property Management Systems- Technological Innovation That Drives the Hotel Industry - ... - 0 views

www.zimbio.com/...nagement+Systems+Technological

shared by Jiabao Han on 17 Jun 12 - No Cached
  • Property management system is the specific technology that we are talking about when we refer to the hospitality industry. The property management system or hotel management software runs on an automated application that speeds the process of guest management among many other things. A PMS is built to help hotels in a holistic manner giving them unending support by facilitating the booking process, point of sale, checking in and checking out etc.
  • Property management systems  come in several forms. Some of the hotel management software is for the high-end hotels that require more technological support while there are some others meant for smaller hotels and inns with lesser needs. Different establishment have different requirements and thus use different modules. Some hotels use PMSs which help them analyses the business growth ratio and measures the various components of the growth figure in specified hotel metrics.
  • You can authorize various levels of access to the staff. This way you do not let out things that are meant to be kept between less people. You and the authorized staff can access up-to-date information whenever you want and from wherever you want. Checking on status reports, bookings, inventory, communicating with different departments are a few things that Technology is such an amazing thing that can be used in any industry. It can boost up the sales of a company and do many other wonders for it.
  • Jiabao Han on 17 Jun 12
     
    This article talks about the importance of technology in the hospitality industry and gives introduction of the property management systems and its application in hotels.
anonymous

ThingsTo Consider While Choosing A Property Management System - 0 views

property.ezinemark.com/ement-system-7d314f343b91.html

choosing management system solution

shared by anonymous on 21 Jun 13 - No Cached
  • For people dealing with properties it is very important that they move with time and adapt to the changes demanded by time
  • investing adequate time and effort in making sure that he has the best facilities for the property.
  • here have been many technological innovations in the last two decades which have completely changed the way many businesses work.
  • ...9 more annotations...
  • Once you have the right software into your systems, your life gets easy
  • What is your need? It is very important to know at the very beginning why you are seeking a property management system.
  • . A hotel will need features that take care of guest reservations, efficient Front Desk among other things.
  • In the hospitality business, a hotel management system is known as hotel software can be used by several sectors such as real estate, banking, hospitality, logistics, hotel management, and managing intellectual property issues. Things to determine before choosing a hotel software
  • Talk to Your Staff:If you own a hotel, talk to your staff who would be using the hotel software more than you and seek their opinio
  • • Make a list of features required:
  • Separate the most essential features from the ones that aren’t so essential.
  • Know your budget:
  • Apart from the fact that you are looking for an efficient property management system, you should also see that the system comes within your budget.
  • anonymous on 21 Jun 13
     
    This article give some tips about how to choose a PMS, it basically says that the manager needs to find what are the hotel needs? base on this then think about budget, how the employees fell with the system making a list with the features requires, etc, once you have all this you can choose the ideal PMS system that goes with the hotel.
rachelrosen

GDS Hotel and Its Importance in the current Hotel system | Hotel Hospitality Industry C... - 0 views

hotelmanagementsoftware.wordpress.com/...ce-in-the-current-hotel-system

hospitality GDS global Travel

shared by rachelrosen on 09 Sep 15 - No Cached
  • GDS hotels or Global Distribution system for hotels contributes largely to make a hotel visible to the global audience.
  • rachelrosen on 09 Sep 15
     
    This article highlights the importance of a GDS within the hospitality industry. The main highlight I found is that the GDS system makes a hotel, global instead of only being able to showcase itself locally. For example someone using a GDS can see a small resort that they otherwise would not know of.
rachelrosen

Property Management Systems to drive hospitality businesses in Future - 0 views

www.hotelogix.com/...spitality-businesses-in-future

hospitality management future PMS property systems technology

shared by rachelrosen on 12 Sep 15 - No Cached
  • Property management systems have made great strides in the hotel industry.
  • rachelrosen on 12 Sep 15
     
    This brief article mentions three big points for PMS systems and the future of them. The major one that hits on two points (mobile apps and social media) is the use of technology between the guest and resorts. With technology and the internet our main resource of information in this age, hotels need to utilize this to ensure their success. In addition, it mentions sustainability, which is something we need to focus on more as we begin to run low on the physical resources we rely on.
rnobl005

5 Benefits of Using a Hotel Accounting Software That Integrates With Your Cloud PMS - 1 views

www.hotelnewsresource.com/article99312.html

shared by rnobl005 on 27 Jun 18 - No Cached
sbarr011 liked it
  • 5 Benefits of Using a Hotel Accounting Software That Integrates With Your Cloud PMS
    • rnobl005
      rnobl005 on 27 Jun 18
       
      I felt like this was a really great article for this week's topic as it reiterated many of the points mentioned in the PowerPoint and lecture video. There are so many benefits to incorporating accounting software into your business practice. Companies can worry less about human error and save a lot of money by cutting down on the hours it takes for someone to do all the work manually. You can also utilize the software in a variety of ways: generating cash flow statements, monitoring payroll management, and compiling budgets are just a few mentioned in the article. In doing so hoteliers may see trends in their data that they couldn't previously. This article is sponsored by Hotelogix, a cloud-based property management system, as a way to advertise their product. Typically I would take what they have to say with a grain of salt but I feel like the advice they give is actually really unbiased.
  • Accounting in the hotel industry has moved on from the traditional methods of using spreadsheets to the modern hotel accounting software.
    • rnobl005
      rnobl005 on 27 Jun 18
       
      I very much agree with this statement. These days it's all about working smarter, not harder.
  • make the whole process error-free and to save time.
  • ...6 more annotations...
  • ● Budgets● Compare profits (between current and past periods)● Prepare financial statements, balance sheets● Cash flow statements● Payroll management● Business planning and much more
    • rnobl005
      rnobl005 on 27 Jun 18
       
      These all fall under the responsibility of an accountant.
  • vital for hotel owners/management to understand the monetary health of their hotel business
  • Generating and procuring all these details manually, consumes time and involves tremendous effort. Plus, it may lead to errors, too
  • A hotel accounting system makes it easy for you to generate invoices, account statements, produce payslips, and much more
    • rnobl005
      rnobl005 on 27 Jun 18
       
      I definitely see hotels and other hospitality businesses taking advantage of software that cuts out a lot of the busy work. In doing so they can focus on providing excellent products and customer service to clients and guests.
  • When integrated with a cloud-based Hotel PMS, it becomes easier for you to access your accounting data from anywhere, anytime, and on any device.
    • rnobl005
      rnobl005 on 27 Jun 18
       
      This aspect of the software shouldn't be overlooked. If you choose to go with a cloud-based system you also need to make sure you are using protected networks so your company is less prone to hacks.
  • Hotel accounting management is no longer a cumbersome process.
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