Skip to main content

Home/ Hospitality Technology/ Group items tagged literacy

Rss Feed Group items tagged

anonymous

Blasting the 'gastro ceiling' with financial literacy - 0 views

  • former World Bank executive
  • trustee of the James Beard Foundation and co-founded the JBF Women’s Leadership and the Women’s Entrepreneurship Leadership programs
  • The culinary “gastro ceiling” is especially appalling with less than 7% leading women executive chefs
  • ...12 more annotations...
  • scholarships and more education will not make a dent in parity. It’s not a lack of entrepreneurial spirit either — according to the National Restaurant Association, 40% of restaurants are women-owned businesses, or WOB, and startups by women are growing much faster than the industry overall.
  • grim reality that 96% of WOB do not cross $1 million in revenue. Fewer than 8% seek external financing,
    • anonymous
       
      Despite leading the way in education and opportunities, women are not accessing enough financial backing to support larger businesses
  • less than 4% of Small Business Administration loan dollars, and less than 2% of venture capital dollars.
  • o raise external financing and be successful entrepreneurs, however, women have to vanquish three areas.
  • own best advocate
  • by women learning to pitch themselves
    • anonymous
       
      Step One: Build confidence by learning how to pitch, not apologizing, not phrasing comments as questions, and not letting others take credit for their work.
  • investing in public speaking and negotiations coaching.
    • anonymous
       
      One way to accomplish this
  • 67% of executive women are in support roles (HR, Marketing, IT, et al) as opposed to running their own line businesses
  • ulinary world, women abound in the softer side (pastry, baking, freelance, cold stations, personal chefs
  • women increasingly develop discomfort with math
  • Policy should also incentivize commercial lenders and venture capital/private equity to do the same with their loan dollars
  • bottom-up solution of livable minimum wages and parental-leave benefits
  •  
    Despite women leading the way in scholarship and culinary education, they are suspiciously vacant at the top of the leadership ladder. According to Bloomberg, only about 7% of executive chefs are woman, and "67% of executive women are in support roles...as opposed to running their own line of business." This doesn't appear to be because of a lack of entrepreneurial spirt, as "405 of restaurants are women-owned businesses or WOB, and startups by women are growing much faster than the industry overall." This made me reflect on my own city, as I do see women in executive positions, such as Stephanie Izard, Sarah Grunenberg, and Mindy Segal, they all got to their positions in very different ways. Probably the most successful, with currently 7-8 restaurants, is Izard, she got her start by winning a reality tv show and then joining forces with two male business owners (BOKA). Grunenberg also started visa vi the reality TV route, and now eventually owns and runs a very successful restaurant downtown. Mindy Segal is the only woman executive in this group that has built her business, her cookbooks, her brand, and now her cannibis retail, mostly by herself. It is interesting to relate these women to this article because while they are all three incredibly successful, only one was able to pull herself there through the three points mentioned in this article. In order for women to break the glass ceiling in restaurants and culinary, they will need to accomplish three main goals: 1. Gain confidence, 2. Increase their aspirations, and 3. Learn and Maintain Financial literacy. The "grim reality (is) that 96% of WOB do not cross the $1 million in revenue...(and) fewer than 8% seek external financing. Women "receive less than 4% of Small Business Administration loan dollars and less than 2% of venture capital dollars. For confidence, this article recommends to women to learn how to advocate for yourself. Use coaches, practices public speaking, and learn how to pitch your business
upasnab

Routier joins forces with Cybint to protect user data | Hotel Management - 1 views

  • Routier has partnered with Cybint, a cybersecurity education company, for integrated cybersecurity into the Routier interface and hospitality management software. The partnership was formed in the wake of an increased cyberattacks on user data in the travel and hotel industries.
  • Our partnership with Cybint and the addition of its cybersecurity educational programming will help secure and protect end users in the wake of the Marriott [International] hacking scandal,
  •  
    This recent article talks about the partnership which was formed due to the recent Marriott International hacking scandal. Cybint, military trained cybersecurity experts, and Routier, a service which provides hotels with engagement, operational and marketing products, have joined forces to prevent such future attacks. Routier co-founder and CEO Gal Bareket states "Our partnership with Cybint and the addition of its cybersecurity educational programming will help secure and protect end users in the wake of the Marriott [International] hacking scandal,". The article further highlights other benefits of this union between Cybint and Routier such as cyber literacy courses and hands on simulator labs for cybersecurity professionals. The article also highlights the prime features and services provided by both Cybint and Routier.
waldjustin13

Hospitality and tourism education in an emerging digital economy - 1 views

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

Mobile and the Emerging Markets | eMarketing Articles - 1 views

  • The 2008 milestone that saw mobile Web access exceed desktop computer based access for the first time was hugely significant internationally.
  • Despite the advantages of Web and communications access, users battle with literacy issues, small screen sizes, inconsistency across devices in terms of functionality and navigation, inability to use cookies or javascript, access speed, incompatible pages, restrictions on the size of messages and the cost levied on both voice calls, text messages and bandwidth charges.
  •  
    Mobile web access for emarketing is used more than desktop computer because they are cheaper. Mobile phones connect to the outside world through Web access, voice communication and text messaging.This accessibility is facilitated by an industry that relies on large numbers of micro-payments and subscriptions for revenue.Some countries doesnt have access to phones for example in Africa. Mobile phones have the potential to connect educators with those needing to be educated.Mobile phones and their ability to facilitate communication and provide access to global networks and the Web could change the face of emerging economies.
1 - 4 of 4
Showing 20 items per page