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Many hotels and restaurant have embraced the green movement, but many are still trying to sort it all out. Too often being good steward of the environment is perceived as a bleeding heart issue and the cost conflicts with the financial goals of the hotel property owner and operators. As author mentions that, he was former hotel operator over 14 years ago, he was looking for opportunities to increase GOP and cash flow. It only made sense to sort through innovative energy solution and operational changes to find the right solution that improved profitability as well as protect the environment. He came to the conclusion very early on the owner and operators could indeed build a viable business case for integrating sustainability into the operation of individual hotels. However, with countless options from energy management technology to green hotel certification, the process has become confusing more than ever.

This article described the goal of Marriott's environmental initiatives goals and what did they do in all over the world. Marriott plays a leading role in the environmental initiatives in the industry. It can reduce wastes and costs. What's more, it can improve the image of the firm. I think other hotel chains should learn form Marriott and set up their image. This can not only help protect our world and life but also make a great contribution to the development of the company.

Diamond Foods was one of the largest snack foods corporations that were involved in an accounting fraud. This was an investigation that was going on for two years that is finally being settled. The former CEO was accused of falsifying costs in order to boost numbers on the stock market. The costs of walnuts had increased, however, former CFO was hiding that fact and misleading the market to let them believe Diamond Foods was beating earning estimates each time. Diamond Foods was acquiring Pringles but fell apart due to the scandal; this would have been a $2.5 billion deal. Talk of bankruptcy, stocks taking a nose dive, and a breach in loans made the banks take a step back, however, the company persuaded them to continue holding out for them. Diamond now has a new CEO and things are slowly starting to turn back around for the company. It's unfortunate that companies feel they have to lie, cheat and steal just to come out ahead. Some companies are getting away with it, but eventually it all goes back around.

The organizer, Billy McFarland, 26, was also sentenced for running a sham ticket-selling business - but that fraud was run-of-the-mill compared with the Fyre Festival, which had been promoted by A-list social media influencers but imploded just as publicly on Instagram and Twitter. Mr. McFarland had promised an event with luxury accommodations and performances by bands like Blink-182. But the festival never took place, leaving attendees wandering unfinished sites on the island of Great Exuma in the Bahamas.

In a sentencing memorandum, prosecutors had asked for a prison term of at least 11 years. They called Mr. McFarland "the consummate con artist," adding: "He betrayed and deceived his investors, customers, and employees while he was living the high life at his luxury apartment, traveling to exclusive locales, staying at luxury hotels, being chauffeured in his Maserati, and entertaining himself and his friends at restaurants, bars, and casinos."

Summary: Billy McFarland utilized all of the tools available to hype up an event that had no validity or credibility by solely relying on social media influence to promote a lie.

This article talks about how more than 200 new hotels spread across the country that nearly 50 brands are expected to be operational in the coming years. The article explains how investors are pinning their hopes on an economic revival to justify their investment commitments in the hotel sector. The article justifies how significant the mid-segment and upscale brands which are set to witness the maximum traction. Similarly, U.S based Starwood Hotels and Resorts has 35 hotels under development in addition to 38 operational properties spread across six brands. I believe the company intends to take the count to 100 hotels by the end of next year.

VivoAquatics, a software to manage water and energy consumption in hospitality organizations, has received additional funding through a software automation company. This investment allows growth for the VivoAquiatics company to not only to provide more conservation methods to the industry, but also conserve the earth's resources. The platform is already utilized by many hospitality attractions such as resorts and waterparks. VivoAquatics is set apart from the competition because of its expensive experience in the market in energy and water conservation.

Investing in information technology can be beneficial for businesses in hospitality industry because it pays higher dividends over a long period of time. If businesses continue to invest in information technology systems regularly they can prevent problems caused by having older information systems. A security breach is a major problem that can be prevented by investing in information technology systems regularly. Another reason to invest in IT systems in the hospitality industry is to have a competitive advantage.

This article described the benefits an iPad POS system can offer over a traditional POS system. There are some benefits that I thought were great and can prove to be useful. The remote reporting is great for owners so they can check in without having to actually be there. The system does update periodically throughout the night so when items are no longer available the system will update this will prevent a lot of confusion for both the sever and the guest. One of the best features is the offline mode that allows the system to work even when the wifi goes down, this will allow service to continue which is crucial for peak hours. The cost of iPad system can also be less because updates are automatic and there no need for additional equipment.

The article provide an overview of basic hotel accounting procedures. Most of the concepts explained are the responsibility of the accounting department but the article did mention there was some crossover. The hotel manager must implement the guidelines for the hotel, this means that the manager must understand at least the basic concepts of accounting. The accounting department must also prepare reports that outline the hotels finances. These reports are especially important when the hotel is a publicly traded company and must meet SEC guidelines.

Best way to keep the investors happy is with profitability. Big brands are making it clockwork now using tech that they didn't have before. They aren not leaving it to guess anymore or feel it through with experienced hoteliers. They are relying on tech more and more these days and for good reasons. It does the work and uses figures from all angles to minimize errors in computing. These systems are very useful for budgeting, planning, and scheduling.

These are great points. Companies are willing to put all their eggs in the technology basket. Jobs are lost in this realm of being entirely dependent on technology; however, it is easy to understand why companies have technology making all the calculations. They also are able to refocus their staff and prioritize daily goals.

This article about proximity marketing does description in the potential revenue for retailers, hotels, casinos, and connections with consumers that encourage more guest loyalty.

The focus of the article is to highlight how the event industry is becoming more popular among the hospitality industry in Nigeria. It mentions the Events Market Nigeria (EMN) group aims to provide a places that allows for growth and development within the event industry with the newcomers and experienced event planners. The event that was hosted by the EMN, provides free gathering that offer different speakers to offer advice and their experience to those attendees willing to listen. Throughout the article, it states that the country of Nigeria has a population of "almost $200 million people and a reputation for an ostentatious culture", which makes it a perfect place to invest in the event industry. Especially due to the fact that the industry is a source of a more favorable return on investment even though other sources in Nigeria are considered more attractive. What makes the event industry profitable, is the ability to venture with other businesses such as venues, catering, event planning and more. But with all the good, the article does point out the issues such as liability and the lack of rules that are set for the industry. I think that it's an important topic to consider because hotels are implementing a source of revenue with renting out meeting spaces and catering services to outside companies. With more and more events being planned, I think it's a great business to venture in. The ability to have an events department within a hotel or even a restaurant gives the establishment to produce more revenue within other departments. Such as a hotel, the planning of a meeting not only brings in the revenue of the space being rented but also to Food and Beverage with the catering aspect and the front desk with the rooms being occupied by the clients and attendees.

Innoviti Payment Solutions announced that it will start extending its cloud-based reconciliation technology to full-service restaurants, that need payments to be collected at a customer's table with automatic reconciliation with the bill. Innoviti processes over US$ 6.5Bn of payments annually from over 1000+ cities in India and is backed by major financial investers like Catamaran, India, Bessemer Venture Partners, USA, and SBI Venture Capital, Singapore.

The article talks about Green initiatives on a global scale. The hospitality tourism industry sees a possible path of development in building a tourist environmental friendly location. The companies are increasingly aware of the great potential lying in the relationship between tourism and the natural environment within the cities. The article also explains how urban green tourism is greatly responsible in making the city enjoyable to all citizens, tourists and investors to spread the benefits of urban tourism to its surroundings. This will impact the relevance of cultural resources, minimum environmental impact and maximum environmental sustainability. In reading the article, I believe the ecological and landscape values are a significant part of their endogenous capital which could stimulate their socio-economic development in which urban green tourism would play a vital role.

Bitcoin and other crypto-currencies are slowly making their way into every industry, but the hospitality industry is of extreme interest to these due to the size and worth of the market.

This arctile speaks about how robots and can help businesses in a global pandemic. It discusses hotels and how to keep people save by contactless service using robots.