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Ruoxi Wang

[Update] Global Hospitality Accounting System Project - HFTP Connect - 0 views

  • ecognizing that operating hotels is a global industry, HFTP determined that there is not a globally accepted method that financial professionals, ownership structures, investors and benchmarking information services can use to support efficient operations. There is also not a globally accepted method to monitor investment performance from region to region without significant assumptions and data mining.
  • Currently, research is being conducted into current practices. This research will identify who is doing what in different parts of the world, with a view to establishing best practice and providing practical guidance for students, practitioners and professionals involved in the industry.
  • In order to create a global resource for the hospitality finance industry, Hospitality Financial and Technology Professionals (HFTP®) began development on a global hospitality accounting system users guide this past March. Recognizing that operating hotels is a global industry, HFTP determined that there is not a globally accepted method that financial professionals, ownership structures, investors and benchmarking information services can use to support efficient operations. There is also not a globally accepted method to monitor investment performance from region to region without significant assumptions and data mining. HFTP’s Global Hospitality Accounting System Users Guide (GHASUG) will address this need. Where does the project stand right now? Currently, research is being conducted into current practices. This research will identify who is doing what in different parts of the world, with a view to establishing best practice and providing practical guidance for students, practitioners and professionals involved in the industry. The guidance will be formulated by industry experts, based on the research findings. To date HFTP has commitments from major information benchmarking companies, hotel corporations, hospitality associations and globally recognized hospitality schools around the world. Once completed, HFTP will make the outcome accessible online, together with analytical tools. It will be available at a minimal cost and users will have the capability to print versions if they desire. The hotel sector currently enjoys the benefits of an accounting structure developed in the USA specifically for the industry.  The Uniform System of Accounts for the Lodging Industry has been widely adopted, principally by US based operating companies, and linked to management contract terms.  HFTP has been involved in this project for many years and will continue to sponsor the 11th edition in support and via a monetary contribution.
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  • The Global Hospitality Accounting System Users Guide will provide for a wider community of information users, and demonstrate approaches to the production of alternative analysis of data for hotel performance measurement.
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    In 01 Mar 12 someone share a article about the global hospitality accounting system. That article talks about how the Hospitality Financial and Technology Professionals (HFTP) are in the process of making a user guide for the global hospitality accounting system. This article is an update that publish recently. It shows where does the project stand right now and what is next for the project. However, the first part of phase one- covering the UK and continental Europe- is now well in progress.
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    It has been found by the Hospitality Financial and Technology Professionals that a global hospitality system needs to be developed. They recognized that there is no globally accepted method that can be used to support an efficient operation. "There is also not a globally accepted method to monitor investment performance from region to region without significant assumptions and data mining." The hotel sector in the USA currently has in place an accounting structure, but based on this research that is going on comparison will be made of what is happening globally and they will devise some best practices for persons involved in the industry.
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    Hospitality Financial and Technology Professionals began to create a global hospitality accounting system for the hospitality finance industry. Currently, the research is being conducted into current practices. This will give a view to establishing best practice and providing practical guidance for students, practitioners and professionals involved in the industry. Once it is completed, it will provide for a wider community of information users, and demonstrate approaches to the production of alternative analysis of data for hotel performance measurement. Now, the first part is in well progress covering the UK and continental Europe. And the project will still take a further 12 months to complete.
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    HFTP's Global Hospitality Accounting System Users Guide will set a global method for hospitality industry.   Recently, research is being conducted into current practices. This research will identify who is doing what in different parts of the world, with a view to establishing best practice and providing practical guidance for students, practitioners and professionals involved in the industry.
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    Hospitality Financial and technology professionals was developing a global hospitality accounting system in the past year. Their fist step is to cover the UK and continental Europe. The second step is to do search about South and central America and cover them. The third step will begin for China and India, and the last two segments will be Russia and North America. This is quite a large program. If the program was completed, a globally accepted method that financial professional, ownership structure, investors and benchmarking information services can use to support  efficient operations will be formed, and a globally accepted method to monitor investment performance from region to region will also be formed.
Kamini Ramsaran

St. Mary's Launches New Tourism Website - Southern Maryland News, Charles County, Calve... - 0 views

  • new site includes many new features, such as an interactive map, trip planner and searchable events calendar
  • The site also offers continuously updated listings of county restaurants, accommodations, shops, events and attractions.
  • Local tourism and hospitality businesses and attractions are invited to provide and update their own listings through an interactive feature on the website.
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  • Tourism partners can edit their businesses’ information; allowing them to add content, photos, events and special deals.
  • he site enhances the County’s web presence as a travel destination, with the objective of attracting more visitors and generating greater economic returns.
  • This website is designed to appeal to that market through highlighting the people and places that make St. Mary's County special.”
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    The county of St. Mary's has just launched their new website that now has features such as an interactive map, trip planner,& events calendar. By making these changes in their website potential tourists can find out what's going on in this town.  Local business owners and attractions are able to upload and edit their own information on the website, this helps to keep their events and pictures all current. With this website change, St. Mary's hopes to drive a lot of new and repeat business to their area.
jie shen

The Advantages of a Central Reservation System | eHow.com - 0 views

    • jie shen
       
      The CRS is a system for marketing and sales. It can provide the information according to customers' requirements. For the hotel side, it is easy for a hotel to update their information in CRS and the CRS can launch customerized software packages well. The CRS can stand their for 24/7, ensure giving all proper information the customer needs while it won't miss any booking requests. The CRS can finish the total reservation process just through simple clicks by customers. What's more is that the CRS can pour bunches of useful information including car rentals, promotions or excursions, which may lead a chance to gather an extra revenue from customer. The CRS also reduce the cost of the paper work and the labor costs involved in information and reservation. For a customer, the CRS brings the information they really cares. People can make their whole travel just with one-stop.
  • an integrated central reservation system helps to convert browsers into customers.
  • A Central Reservation System (CRS) is software used within the tourism industry for the purposes of marketing and sales.
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  • Information can easily be updated, and the CRS can be tailored to suit the individual accommodation provider's requirements.
  • refine a search for accommodation by issues such as date, location, hotel rating and features.
Hanqing Yang

Taking Network Security to the Cloud - 1 views

  • The biggest threat to network security at the hotel property level isn’t a lack of technology – it is the lack of resources to manage it.  A strong network security solution should combine cloud-based security configuration with plug and play installation of a firewall and IPS appliances.
  • The impact of a mass security approach is significant to hotel network operations. It could eliminate the need for on-site IT resources to configure and deploy security appliances. It could also provide much-needed network visibility across an entire portfolio of properties. Lastly, it would be instrumental in expediting large-scale security deployments and updates.
  • The challenge is that many hotels lack the IT resources to adequately stay on top of security.
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  • They expect ironclad security that protects their entire “online” experience in the hotel, from online booking and iPad-enabled check-in to the wireless connectivity in their rooms.
  • The biggest threat to network security at the hotel property level isn’t a lack of technology – it is the lack of resources to manage it.
  • Ideally the firewall or IPS device should be shipped directly to the property where anyone (e.g. GM) can simply plug the device into the network
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    Today's travelers expect a strong network security. The challenge is that many hotels lack the IT resources because of budget. As a result, IT functions are limited to making sure security patches are up to date and services are running rather than proactively identifying security threats and preventing. This article introduces cloud-based security system as a solution. With the network security system, IT headquarters can monitor and manage the entire network. Also, hotels can save the cost for on-site IT resources and security appliances. It was interesting that cloud-based security is a solution for network security when there are many opinions that cloud computing is not safe. 
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    This article talks about the limitation of hotel network security issue, then introduce one solution to it. First of all, it mentions since the usage of Internet is growing big more than ever, customers has more attention and requirement on Network Security. Actually, staff of IT department spend most of their time on updating system and other mid-level support, while they should spend more time on proactively identifying security threats and preventing attacks. This happens due to finance and human source constraints. Lucky for us, there is already one effective solution, keyword, cloud computing. Buy applying cloud computing, IT staff only need set up firewall, configure security system on headquarter. After then configuration is done, they send out these IPS device to branch companies. The security system will automatically update through these devices, no more traveling between properties.
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    While many hotels right now are keeping and tracking down their valued customers' information, lots of those hotels are facing security problems also. Customers expect ironclad security that protects their entire "online" experience in the hotel, from online booking and iPad-enabled check-in to the wireless connectivity in their rooms. In today's cyber threat environment, that makes the hospitality industry a desirable and lucrative target for attacks. This article mainly talked about how to strength hotel network security.It suggested that a strong network security solution should combine cloud-based security configuration with plug and play installation of a firewall and IPS appliances. Which can be described as Taking Network Security to the Cloud.The IPS device will automatically contact and authenticate to the installation cloud, retrieve its configuration, and then reboot into the hotel's network ready to protect.
Joe Cilli

App of the Week: POSLavu - 1 views

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    This cloud-based system seems like a good, inexpensive alternative to a traditional POS.
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    last semester, one of my stretegic projects is just based on this cloud system. It save the money on purchase, trainning, maintainence, and update fees, what is more, it is safer than the personel system and convenient to transfer, share, and update the information. But I am concerned about it related devices----I phone/I pad. What I know is that I phone never wholesale its products or for rent. So the cost for the device purchase, maintence and update is still a big part.
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    I wonder what the target market of the 300 plus restaurants that are currently using this domestically is? It raises concerns of user acceptance for those who are not familiar with Apple products, as we all know these people exist. User acceptance would be high if it is marketed to the appropriate demographic.
Jingyi Wen

Smart Web PMS - 0 views

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    Smart Web PMS is a web-based PMS. It do not need hotel to install complex software, all you need is a computer with an internet connection. The dashboard displays the new reservations, recent check-in and check-outs, available units and urgent tasks on one screen. Once the information update the change will immediately show to all the users in real time. The reservation board show all the rooms states. Make reservation is simple, all you need to do is click the free unit. It also makes the online booking become more convenient. This PMS connect with most popular reservation platforms. Once the price or the availability of the hotel is changed the information on the reservation platforms will change. Once the platforms generate a booking the information will update immediately on the dashboard and reservation board. The workorder management system will report the existing repair task and problems in real time. It can send notification to the appropriate employees to deal with these problems. With the help of powerful system and filters we can find the information about the client quickly. It protects the data security by set access levels. Employees with different access levels have different aspect of the system can be viewed and edited. You don't need to worry about the security problems by use this system. This system back up the database in two separate servers in order to avoids damage of hardware failure. This system use https to transfer data which is the safest way to handle sensitive data. The servers who store the data are protecting by complex firewalls. I think this PMS is a good choose for hotels especially for the hotel that just start their business because this system charge base on the real number of units in the systems. It cost less than the traditional PMS.
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    My summary includes the feature, benefit and the price on the web page. Please click the button to read all the information.
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    I like the Web-based PMS. If i was the owner of a hotel, I would like to use the Web-based. It would save my money on installation of several softwares and require less IT managers to maintain the system. All changes about rate, status and workorder would be updated to all users in real time.
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    Yes, compare with the cloud-based PMS. I prefer the web-based PMS, because it keep the data more safe and the monthly cost is lower.
Yanique Coach

10 Tips for Computer Network Security - Life123 - 0 views

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    Having a good network security eliminates viruses and you are less vulnerable to identity theft or malware that can ruin your data. It is good t run regular weekly scans to ensure that your machine is not infected. It is also good to update the anti-virus programs and the operating systems to ensure that you computer is protected against the latest threats. Using a firewall will help to protect against malicious software and prevent people from traveling through your network connection. With router security, by using a strong password protection people won't be able to get access to stealing your data and this will improve security. Using a computer network suite such as Norton or McAfee is a good option because they have a variety of software, including anti-virus, firewall, identity protection and back up features. They all work together to protect your computer from threats.
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    Sometimes, virus comes from the misoperation of the staffs. A lot of times, when the anti-virus system warns the user of the computer, most people will not spend too much time reading and thinking about the warning. Then they pay make wrong choice so that virus are downloaded to the computer.
Siyu Ma

Why Investing in Hospitality Technology is Investing in Good Business - 1 views

  • In consideration of how investment in hospitality technology can support business growth, rather than being an added cost, or unnecessary financial burden, to a hotel – it is important to look at what operational efficiencies the technology can bring, including any improvements in staff activities and morale that can be delivered and how the technology will ultimately benefit the hotels revenue performance.
  • In consideration of how investment in hospitality technology can support business growth, rather than being an added cost, or unnecessary financial burden, to a hotel – it is important to look at what operational efficiencies the technology can bring, including any improvements in staff activities and morale that can be delivered and how the technology will ultimately benefit the hotels revenue performance.
  • Those hotel groups that fail to recognize the speed of change in technology and what this can bring to the business will find themselves significantly under prepared when the market starts to strengthen. While “its never too late” to act – there is a significant opportunity cost in doing nothing or worse still, cutting technology out of the day to day operations. For a hotel to effectively operate and ensure it is maximizing its incoming revenue, the right technologies needs to be in place. Through investing in the right technology at the right time, savvy hoteliers will be ensuring that their facility(s) are able to effectively maximize their ongoing revenue capability now and into the future.
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  • Equally as important, when considering whether to invest in new technology within the hospitality sector, is the need to recognize that technology is constantly changing and improving. Decision time frames are shortening. International hoteliers that have a good view on the future, realize that the technology decision they make today will only be relevant for the next 3-5 years at the most and are already planning next generation migrations.
  • In consideration of how investment in hospitality technology can support business growth, rather than being an added cost, or unnecessary financial burden, to a hotel – it is important to look at what operational efficiencies the technology can bring, including any improvements in staff activities and morale that can be delivered and how the technology will ultimately benefit the hotels revenue performance.
  • Whilst many international hotel organisations have used the economic downturn to adequately plan for the future through improved levels of technology and staff investment, many others are not heeding the warning signs and are instead shedding costs wherever possible – which can lead to disastrous consequences.
  • Importantly, hoteliers also need to realize that the hospitality industry is constantly changing and a lack of up-to-date technology and older strategies will not always be applicable to new, unique situations.
  • Whilst many international hotel organisations have used the economic downturn to adequately plan for the future through improved levels of technology and staff investme
  • Consider Revenue Management Technology: This technology is u
  • sed in a wide variety of industries.
  • IDeaS experience in many regions to date is that there are many technology vendors in hospitality that fail to acknowledge the above reality.
  • There are many technologies that tick all of the above boxes, including: Energy Management Systems Revenue Management Systems Property Management Systems In-Room Technology Sophisticated Telco Systems
    • Juan Du
       
      With the increase in the number of hotel, the technology in hospitality is more and more important. It is a good investment in this field. Because many of the facilities in hotel need the help of technology. Such as the energy management systems, revenue management systems, property management systems , In-room technology. To invest these technologies, it can increase the management level and increase the competition.
  • As the wider hospitality industry continues to face a slow recovery, savvy hotel owners and managers should be looking inwards during this time with a view to ensuring that the technology they use to help run their facilities are best suited for the roles they have to perform.
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    In this weeks reading, the article, "Why Investing in Hospitality Technology is Investing in Good Business", mentions how due to the economic downturn hotels have turn to cutting technology and staff levels as a method to minimize costs, yet this is a recipe for disaster, if not conducted adequately. Technology is continuously evolving, it is important to make decisions regards IT investment that will be useful in the coming 3-5 years. Technological infrastructures should operate to facilitate a process or procedure for the overall benefit of the hotel, rather than take a day-by-day approach. In an ever-demanding industry, it is critical for hoteliers to be adequately prepared with automated systems, reducing if not eliminating important manually conducted tasks which are damaging the operations of the hotel due to the lack of real time information which will help revenue maximization. In moments of recessions, companies minimize their cost reducing what is foreseen as unnecessary such as IT investment, yet is important to maintain a level of preparation and not losing the opportunities presented by the market.
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    This article mainly talk about the benefit of investing in Hospitality Technology to hotel business.The author emphasizes the importance of looking at what operational effciencies the technology can bring ,including any improvements in staff activities and morale that can be delivered and how the technology will ultimately benefit the hotel revenue performance. We can conclude from the passage that in order to keep competitive in the hospitality industry, the managers should be aware of the dynamic market and technology changing and update the techonlogy in an efficient way.
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    The hospitality industry is developing faster and faster. The hoteliers should be with a view to ensuring that the technology they use to help run their facilities and best suited for the roles. They lead to a rapid economic recovery but they also need improve their marketing. The hospitality organizations have taken the time to update or invest in the right technology and training. In consideration of how investment in hospitality technology can support business growth, It is important to look at what operational efficiencies the technology can bring. As the hotel industry continues to move towards a more dynamic and inter-connected environment it is vital that the correct technology infrastructure is in place to meet this challenge. The revenue management technology itself can be maximized by educating staff in the most effective ways to use it. The hotel groups should recognize the speed of change in technology. And they will be ensuring that their facilities are able to effectively maximize their ongoing revenue capability.
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    As hospitality industry is now under recovery, many owners and managers are preparing using technology to help them run the facilities. Nowadays, there is a big requirement for investing the right technology and training to operate business in the market of 2010, 2011 later. Actually, hospitality technology investment can bring operational efficiencies instead of added cost to a hotel. Then the author takes revenue management technology as an example and points that a seamless flow of process of technology is a trend. All in all, in order for a hotel to adapt to the future trend, the right technology needs to be equipped.
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    with the increase in the number of hotel, the technology in hospitality is more and more important. It is a good investment in this field. Because many of the facilities in hotel need the help of technology. Such as the energy management systems, revenue management systems, property management systems , In-room technology. To invest these technologies, it can increase the management level and increase the competition.
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    This article is explaining why investing in hospitality technology is a good idea. Market changes from year to year, therefore it is important to know what the technology operations can offer to the business. It is vital to know how efficient it is in the workplace, and in what ways in can help the staff. The interest cost of having all this money invested should benefit the hotels revenue activity. Especially in hotels, there has to be a strict decision making, because of how technology is advancing so fast and how efficient the technology will be for the hotel. The correct technology is a challenge. Training the staff with the system is also a test because how fast can they learn and be connected to the operations. It is crucial that hotels manage systematically all information with the technology; instead of having the staffs do all the work by hand. Hotels need to invest in the correct technology so that they can collect their ideal revenue-for the future of the business and to ease the work flow inside the hospitality industry.
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    "Equally as important, when considering whether to invest in new technology within the hospitality sector, is the need to recognize that technology is constantly changing and improving. Decision time frames are shortening. International hoteliers that have a good view on the future, realize that the technology decision they make today will only be relevant for the next 3-5 years at the most and are already planning next generation migrations. There is an onus on the vendors to also re-invent themselves and re-invent their technologie"
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    Hotel owners and managers are putting eyes on technology in the hospitality industry slow recovery period. All pundits agree this method can bring some recovery. The international hotel organizations have made many plans of improving investment in technology and staff. Progressive hospitality organizations have updated and invested in new technology and training, change the industry requirements and market. Before investment, the most important is to look at what operational efficiencies the technology can bring and how the technology will benefit the hotels. There are many technologies are good choices for investment, such as Revenue Management Systems. This technology is efficient and can help hotels track historic data, forecast future demand and so on. We also need to technology is changing all the time. So this is a big challenge of managers to make decisions for a long development. We also need to realize that the hospitality industry is changing, strategies will not always be applicable to new, unique situations. It is important for hotels to increase advantages in the competition.
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    Those hotel groups that fail to recognize the speed of change in technology and what this can bring to the business will find themselves significantly under prepared when the market starts to strengthen. While "its never too late" to act - there is a significant opportunity cost in doing nothing or worse still, cutting technology out of the day to day operations. For a hotel to effectively operate and ensure it is maximizing its incoming revenue, the right technologies needs to be in place. Through investing in the right technology at the right time, savvy hoteliers will be ensuring that their facility(s) are able to effectively maximize their ongoing revenue capability now and into the future.
Mirta Echazabal

What You Should Know About POS - Accounting Software Systems - 0 views

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    This article informs us on the different levels of integration to accounting, ecommerce, rental, shop management and other software modules. There is a slight difference between integrated and interfaced. Interface is when the system is linked to another accounting system like quick books or Peachtree in order to transfer data between them in order to communicate with third party programs. Integrated modules use the same file and information, data is consistent in order to avoid double entry. Most accounting systems are built in and tightly integrated into the software so there is an instant update of inventory quantity, customer history, account receivables etc. There are some advantages of a separate accounting package which include saving money, no retraining, and better overall design with stand alone accounting systems. Some disadvantages of a separate accounting package will be out of date information, updates and maintenance can cause problems, difficult configuration. The built in (integrated) accounting includes updates, quick reference, and easy configuration. Disadvantages are poor design. According to this article it seems that accounting systems which are integrated are far more efficient then interfaced accounting systems. Although it clearly states that both words are used interchangeably and both can give plenty of problems with the software. But with integrated individuals are just working with one program while with interface individuals have to learn two programs and user interfaces.
Paige Hanna

IT investment proves a help to struggling Station Casinos - 1 views

  • The updates to the Station Casinos network have helped the company connect 15,000 different devices, including some of the 23,000 newer slot machines installed at its various casinos. All the networked slot machines and gaming area monitors, including surveillance cameras, operate in real time and connect to a real-time data warehouse -- still a rare practice in the gaming industry, Baltz said. The UCS and related technologies that Station Casinos has installed have made the network more adaptable and resilient, according to Baltz. "About 80% of our revenue comes from slot machines -- that's why our network is so important. Downtime is not an option," he said.
  • "There's absolutely savings on our costs with these technologies," said Van Baltz, a vice president and chief technology officer at Station Casinos, in an interview. Baltz wouldn't quantify the savings that the new systems have delivered, but at one point during the interview he said the return on investment has been "wildly" better than expected.
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    The article shows how a unified computing and communication system helps a company implement a new technology. While the new technology system is worth a multimillion-dollar investment; the benefits have provided the company excellent financial results. It allowed the company to consolidate 18 room reservation and telephone operations into a single location. Another advantage from the update is the capability for Station Casinos to connect 15,000 different devices which include some of the newer slot machines that have been installed. The new technology reduces downtime; this is an advantage as downtime could lead to potential monetary loss. Finally, the update while costing millions of dollars, the financial return on the investment is tremendously impactful to the company.
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    The article highlighted reports how hotels in Vegas had great return on investment after making changes to their computer and networks systems. They claimed that the technology allowed them to be the best providers in service and operate more effectively. The company has Cisco as a network provider that allows them to connect their slot machines and computer system in real time. They were also able to establish an intranet network to allow customers to also gamble from home. By connecting their machines to the ir system they plan to avoid down time. It was also mentioned that some old style machines often requested by customer had to kept otherwise customer will find somewhere else.
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    This article speaks about a seemingly successful turn around for a struggling casino group in Las Vegas after making multimillion-dollar investments for I.T. over a period of time. While it has not completely eradicated all their problems, Stations Casinos Inc., which operates 18 hotels, and casinos off the Vegas Strip has saved tremendously by providing a cohesive communication computer system that has allowed greater efficiency ultimately saving money. An example of efficiency is cutting down data center server racks from 12 to one. More advantages showed with reduced cost due to less power and energy being used to maintain more infrastructures. An upgrade in network allowed for their slot machines and security cameras to connect across the board. This is important because, " about 80% of revenue comes from slot machines," said Baltz. These are just a few advantages the Stations Casinos Inc., has experienced since their investment. After reading this article, it just goes to show how important the I.T. department can be to the profitability of a hotel, casino or other hospitality entity. Usually we think of the product or service as the revenue generators of a business, but this type of article shows that, by saving money, the trickle down effect of increasing profits will occur when you cut expenses.
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    If there was ever any question that IT investment could drastically benefit companies, this scenario is the proof. A group of struggling Las Vegas Casinos really turned there negative situation around with the use of new interactive technology. This interactive technology is not only beneficial in the hotel world, but apparently casinos as well. The possibilities for this technology are endless, as long as it continues to advance. Guests and costumers who continue to be satisfied with their enhanced technological experience, will give companies and businesses large profits. Just as the casinos had a drastic turnaround by utilizing technology, other groups will do the same.
Chang Ren

Online Hotel Management System Provider Announces New Travel Agency Distribution Service - 0 views

  • Online hotel management system provider Frontdesk Anywhere is developing a state of the art system that administers bookings for Expedia, Agoda and more than 130 international travel agents
  • The two-way system means that not only is the hotel up to speed on room availability, guests will not be mislead when making online bookings
  • When the new service is launched, the information needs to be updated just once and is sent to all the booking agents instantly.
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    Frontdesk Anywhere provides not only a common feature of sharing information with reservation system, but it makes a further step and integrate hotel management, reservation system with travel agents. Although the advantage that this article discussed include that customer will no longer be mislead and have accurate information. But actually, oversell happens all the time in hospitality industry. So it means more to hotel that hotels may save lots of labors as well as expenses to keep the information for travel agents updated. 
jazminesnyder

Guest Column: How Distribution Systems Are Like Seat Belts - Business Travel News - 0 views

  • global distribution systems use old technology
  • their interfaces aren’t quite as attractive as airline websites
  • they still do what they’re designed to do efficiently and affordably.
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  • agency portals
  • Are not designed to manage high transaction volumes generated by large TMCs.Do not offer comparison shopping on competing airlines.
  • Its strategy seems to rest in shifting distribution costs to corporate buyers.
  • Building out airline websites, keeping website content updated, investing in agent portals and investing in direct connect technology all come with significant capital expenditures or resource costs.
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    My article this week is about how GDS (Global Distribution Systems) can be compared to a seatbelt. The author opens the article discussing the main reasons we still continue to use seatbelts; even though they aren't the most comfortable or fashionable items to use, they still do their jobs in saving our lives when it comes to a collision of some sort. The author is in favor of GDS and makes the claim that like seatbelts, the GDS may not be the most up-to-date or may not appear to be as nice as other local systems to each individual airline, but they get the job done and there are no other systems out there like it that we know of (no other systems that do everything he GDS system does that is). The main topic of discussion that the article is concerned with is the recent decision made by the company Lufthansa to start charging its customers an additional surcharge for using GDS systems instead of going through its own system. The author clearly makes it know that she doesn't believe Lufthansa when they say they are charging this additional surcharge because GDS is the most expensive channel to go through. "Because there's no reason to think that an airline should expect to distribute its products without any cost, Lufthansa's recent gambit seems more of a tactic for increasing lagging direct distribution... Its strategy seems to rest in shifting distribution costs to corporate buyers" claims Rose, the author of the article. The author also points out some of the draw backs of using agency portals, the main reason being that a customer cannot compare rates of other competitors and that agency portals cannot handle high volume transactions like the GDS can. It is also made known that there are costs that come with other channels as well, like the prices you pay for building airline websites and keeping them updated. The author concludes that "Given the history of negotiations between airlines and GDSs, it's impossible to know whether Lufthansa is using DCC as
klint005

Cyber Security Threats Facing the Hospitality Industry - 0 views

  • Cyber-criminals are targeting the hotel industry
  • Not having the proper security measures in place can become a huge public relations nightmare.
  • You have to update both the infrastructure and the processes to keep your organization safe.
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    Hotels are at risk for cyber attack. It can cause a customer to lose trust in your brand and make public relations difficult to control. There are different types of attacks that are more prominent for hotels and that includes: Phishing attacks, ransomware, POS and credit card attacks, and DDoS. In order to protect your hotel you need a CISO to monitor the system and make updates. In addition you will need infrastructure updates and secure procedures to protect against attacks.
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    Inthe hospitality/tourism industry it's so easy for cyber threats to come up and this year it has been increasing in the industry. Cyber hackers find it easy to target places like hotels for instance where there are overnight shifts of people inputing valuable and sensitive information in the computers the hackers have felt like they hit the jackpot knowing this so it's important for businesses to have security with their techonology.
anonymous

Cybersecurity Tactics for a Hotel Industry that's Under Siege - 0 views

  • Credit card fraud and identity theft should remain high on the hotel and lodging industry’s radar. Just ask Starwood Hotels & Resorts Worldwide (including their Westin, Sheraton and W Hotel brands), Hilton, Hyatt and the Trump Hotel Collection, all of which were victims of highly publicized, major breaches in the hospitality industry last year. 
  • Hotels need a ‘toolbelt’ of various security technologies that can be used to prevent malicious attacks. A managed firewall is essential, blocking dangerous traffic from coming onto the network and preventing sensitive data from being exfiltrated, or sent, to the hackers.
  • In the breaches mentioned above, point-of-sale (POS) systems were attacked and malware launched to acquire cardholder names, credit card numbers and expiration dates.
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  • It can be difficult and expensive to hire and retain an IT security team
  • One way to implement these advanced toolsets includes outsourcing to a managed security firm specializing in this type of service
  • POS systems are a weak security point for many networks because they are constantly in use — and aren’t always patched, updated or protected from vulnerabilities as frequently as required.
  • personal details for hotel guests are frequently stored in a variety of locations, including billing, facilities, restaurants, etc.
  • otels are made even more vulnerable thanks to POS system provider breaches
  •   Phishing remains a particularly popular tactic used by hackers everywhere, including those that are targeting the hotel industry to trick both prospective guests, who give up credit card and personal details, and insiders, who then give up valuable login credentials.
  • File Integrity Monitoring (FIM), Unified Threat Management (UTM), and Security Information and Event Management (SIEM) should also be considered
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    This article talks about how there is a serious concern in the hotel industry when it comes to credit card and identity theft. They talk about how all the major brands in the hotel industry were all victims of highly publicized, major breaches in the last year alone. Also, including airline and banks, hotels maintain a wealthy amount of database of personal and financial data. For example, with new technology systems being created, POS systems are a weak security point for many networks because they are constantly in use and are not always updated or even protected from vulnerabilities. The article talks about personal details for hotel guests are frequently stored in a variety of locations including restaurants, facilities, and government buildings, so hackers have a greater possibility to access your personal information. The bigger hotels are in more danger because of the volume of guests that come in and out of the location. Smaller hotels should be concerned not just about their security but also by ransomware, an increasingly favorable tactic to extort hoteliers by hackers who encrypt the hotels data making it inaccessible until ransom is paid for. I believe hotels need a toolbelt of various securtiy technologies that can be used to prevent future malicious attacks. I think by managing and implementing a firewall is essential which helps get rid of dangerous traffic from coming onto the network and preventing sensitive data from being hacked.
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    This article talks about the weakness and vulnerability of POS systems involving safety. It mentions the security breach that few companies, such as Starwood Hotels & Resorts Worldwide (including their Westin, Sheraton and W Hotel brands), Hilton, Hyatt and the Trump Hotel, faced last year (2016) involving credit card fraud and identity theft through their POS systems. It mentions how point-of-sale (POS) systems are not complete safe and how vulnerable they are because they are constantly in use and aren't always patched, updated, or protected from vulnerabilities as frequently as required. It suggests that enterprises should outsource their cyber security management to minimize costs, considering that is extremely expensive to hire and retain IT security team.
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    MOD 10: This article discusses the main tactics of cyber hackers that target hotels. Point of sale (POS) systems are easy targets for hackers due to their constant use during operation hours and because of that their security measures aren't always up to date. Hotels have large data banks since they're storing consumer profile information such as home addresses, phone numbers and credit card numbers. There's a large risk when it comes to security breaches within franchises because they have access to their parent company's regional, national and global systems. If their systems are hacked and breached, then that puts the whole system of the brand at risk. Security breaches within a system can also damage a brands reputation with the public. According to the article, "Recent major breaches at Fortune 500 companies and household names across the retail, restaurant and hotel sectors demonstrate that anti-virus, anti-malware and firewalls alone are not enough to secure businesses from the ever-evolving threat landscape." Smaller properties are even at a greater risk because not only do they have to monitor their compliance with PCI but also monitoring their security systems for their database and PMS system. Some of the recommended software's that should be used by hotels looking to be proactive with their company's cyber security is File Integrity Monitoring(FIM), Unified Threat Management(UTM), and Security Information and Event Management(SIEM).
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    This article explores the different tactics hotels should use after a cyber attack. The article mentions several different type of attacks such as Phishing when hackers trick customers into giving up their login credentials. Ransomware, when hackers encrypt data making it unusable and inaccessible for the hotel. Not one solution but rather companies should be equipped with a series of technologies from firewalls to file monitoring programs. Some of these technologies, like SIEM requires an intelligent IT team to have the capabilities of analyzing and monitoring the reports produced. This may be more difficult for smaller businesses to implement and maintain.
sbarr011

Who takes responsibility for cyber security in a hotel? - 0 views

  • it is vital that franchisors and their corporate security teams communicate franchisees’ contractual duties;
  • It’s you who may need to ensure all policies are upheld, that’s why it pays to provide incentives that will make it worth franchisees’ while to comply.
  • The study also reported that the cost for each lost or stolen record containing sensitive and confidential information increased from an average of $154 to $158.
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  • And, while there’s no definitive answer to who owns cyber security in a hotel franchise, hotel owners or franchisees can take measures, such as investing in cyber insurance and maintaining updated systems, to prevent a cyber attack.
  • there have been multiple data breaches in some of the biggest hotel chains, with 55% of data compromises resulting from a corporate/internal network breach.
  • If the lines are still blurred come May 2018 – when GDPR is implemented – hotels may not be compliant and will face strict penalties.
  • Last year’s Ponemon study found the average total cost of a data breach is $4 million.
  • Adding to the cyber security difficulty: most franchisees have multiple properties, each with their own brands and contracts, making it even more important for cyber security policies to be implemented and upheld.
  • However, currently, too many hotel owners rely heavily on central reservation systems; thus, they don’t have much, if any, involvement in data collection or storage. That makes it difficult to implement an effective cyber security policy.
  • Many of the vulnerabilities are due to a gap in hotel franchise’s cyber security responsibility.
  • Unfortunately, this industry is a popular target for attack, because of the type of data it holds – credit card data, frequently used throughout the hotel either at check-in, in bars, restaurants, or shops – as well as relatively poor cyber security.
  • According to a recent Trustwave 2016 Global Security Report, the hospitality industry accounted for the second largest share of data compromises among any other last year.
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    This article discusses the liability for a cyber breach at various branded hotels between the franchise owner or the corporation. The Trustwave 2016 Global Security Report stated that the hospitality industry had the second largest amount of data breaches. Additionally, more than half of the breaches are from a corporate/internal network breach. According to a Ponemon study, the average cost of a data breach is $4 million. While this is alarming, it is a surprise since hotels store numerous amounts of personal customer data including guest's credit card information. The article states that cyber hacks are largely due to the gap in not knowing who is responsible for the cyber security. There is an issue of control of data versus franchise network requirements. The hotel brand places individual franchisees in control of their own cyber security. However; they must rely on many centralized corporate owned reservation systems that could be possible access point for cyber attacks. The article suggests that the individual franchisee should make more effort in protecting their customers information as the hotel brand will take most of the blame. This does not help either side. Also, it mentions that in order to protect the hotel franchise it is important to have updated systems and should consider investing in cyber insurance.
Rebecca Pichora

Hackers snag a $1 laptop by exploiting flaw in point-of-sale systems | ZDNet - 0 views

  • Security researchers have devised a way to offer steep discounts or steal goods by hacking vulnerable point-of-sale systems.
  • SAP's point-of-sale (POS) systems don't authenticate or check internal commands, allowing anyone with access to the store's network unrestricted access to the checkout system.
  • All the hacker has to do is upload a new configuration file to the SAP Xpress server, which controls the checkout machines, to gain access to administrative functions.
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  • change prices, set discounts, or take other malicious actions against the systems -- including remotely shutting down the checkout machines, or unmasking credit card numbers.
  • According to Dmitry Chastuhin, one of the researchers who identified the vulnerabilities, the flaw may be inherent across POS systems because they all use broadly similar infrastructures.
  • SAP has since fixed the vulnerabilities and rolled out patches.
  • n recent years, POS systems have become a target for hackers for stealing customer data and committing fraud.
  • When these are connected to the internet and rarely updated (if ever), systems are at further risk of malware attacks.
  • POS attacks cost retailers and customers billions every year. The number of attacks on POS systems, including ransomware attacks, are said to be declining, however.
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    Due to the vulnerability of some POS systems, hackers have made the example of SAP whose POS system does not authenticate or check any internal commands, meaning if an hacker is able to get into their POS system they can change prices, add discounts and even disable the check out systems. Even though they have made the example out of SAP, it is said that this vulnerability is across almost all POS systems. One reason that this is happening is because many companies that run their POS system off the internet are not updating their programs, such as the windows, the internet explorer or the POS system itself. Today companies are very aware of the measures they must take to ensure their POS systems are safe as many breaches have happened causing many people to have their personal data stolen, therefore due to the efforts POS system breaches have been decreasing over the recent years.
anonymous

Maestro now offers single guest itinerary feature | Hotel Management - 0 views

  • Maestro PMS’ single guest itinerary feature now enables operators to customize their guests’ total stay itineraries with the property’s special look, feel and branding.
  • If guests change their plans, the itinerary is automatically updated in real-time.
  • Maestro is an all-inclusive system that delivers this feature as part of all deployments.
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    The Maestro PMS has a new feature, called the single guest itinerary, that lets hoteliers give guests a more personalized experience. Since each guest is different, and would have different preferences in terms of activities, the feature allows the operator to create an itinerary that would have the guests reservations for things such as dining reservations and spas. It updates in real time if a guest wants to move things around, so that the guests can see what their new itinerary looks like as soon as they make any changes. This feature is included in all Maestro systems, both cloud and on-premises.
adel168

IHIF Day 2: Investors finding opportunities in alternative models | Hotel Management - 0 views

  • As established during day one of the International Hotel Investment Forum (IHIF), hospitality investment has grown up.
  • One of the challenges Winter and his team has faced over the last 19 years is changing demand from travelers, and how to meet that demand while keeping costs low.
  • the company kicked off an investment of €30 million to update all existing assets over the next two years
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  • To take the business beyond hospitality, Kerten has focused on technology and how the next generation of travelers is using it.
  • What millennials and Gen-Z want, she claimed, is to have their data used efficiently to create a seamless experience.
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    At the International Hotel Investment Forum (IHIF) it was established that hospitality investment has indeed grown up. The article points out how new generations are now slowly taking over which means hotel need to stay updated and change with the new expectations and needs. A huge investment was made for this exact cause to keep the next generation of travelers interested.
kpony001

Guests want smart technology, but security concerns remain | Hotel Management - 0 views

  • More than 96 percent of hotel guests travel with a smartphone and nearly 46 percent of guests travel with at least two smart devices, representing a 10 percent increase in just two years
  • More than 80 percent of guests indicated a desire to wirelessly cast content from their devices onto guestroom televisions and more than 90 percent of surveyed hoteliers agreed that today's guests would prefer to be offered wireless casting abilities, rather than traditional video-on-demand services.
  • With hotels around the world universally experiencing diminishing profits from VOD, the survey points to entertainment platform functions that hoteliers can deploy alongside wireless casting in order to regain these revenues
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  • more than 60 percent of surveyed guests indicated that they would like the ability to order amenities and services via the guestroom television, if given the option. Sixty-five percent of guests would like to be able to surf the internet on the TV entertainment system
  • Another 61 percent of guests also indicated a preference to access information on available hotel services, such as restaurant hours, via the guestroom television.
  • 65 percent of guests are “highly concerned” about inputting usernames and passwords into a guestroom television app, according to HIS. 
  • As voice becomes the preferred interface for guest and staff interactions with technology in hotels, there must be safeguards in place to ensure that no data falls into the wrong hands,
  • The same is true for protecting hotels’ proprietary data from disclosure
  • Hoteliers have a duty to protect their guests personally identifiable information and we’ve built our technology atop the leading natural language processing platforms to ensure they meet this duty.
  • How are you protecting the privacy of my guests? Are recordings associated with our guests’ personally identifiable information?
  • How are you protecting the security of my hotel’s proprietary data?
  • Many travelers have unique accents or dialects that aren’t well understood by popular voice assistants. Does your solution improve the accuracy of interactions? 
  • How are you measuring return on investment? How will your solution drive efficiencies and increase revenues?
  • Can I easily change and update interactions with my guests once deployed?
  • Without the right integrations, even the best product can add complexity and cost. Hoteliers need to make sure any vendor they consider has the integrations they need to set their team up for success.”
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    The article reports that the great majority of hotel guests desire to have state of the art innovation for their convenience, such as casting and voice interface technology. The type of innovation stems largely from guests being able to use their laptops or phones on the TV, while also access hotel services such as restaurant hours and possibly food services from the same interface. They assert. however that it is important for hoteliers to know how guests may be able to keep their identity hidden from potential practices such as "integration with the platform that may use this data for remarketing", integrate a system that can understand an manage foreign accents. It also brings up concerns of how to measure return on investment, showing a increase in revenue and that it is possible to update the interactions with guests once the technology is deployed.
chern331

Airline Booking System Exposed Passenger Details - 1 views

  • An investigation is underway into a booking software vulnerability that exposed airline passenger name records, which is a bundle of personal and travel data that gets collected whenever someone books a flight
  • Airlines typically issue a six-digit alphanumeric booking reference code whenever someone books their ticket. When combined with a passenger's last name, this code, which is sometimes referred to as a PNR locator, is enough to access the individual's travel record via the airline's website.
  • El Al sends customers a link to a web page to check their PNR. But Rotem discovered that he could insert a random booking reference number into the link. After inputting the number, Rotem then obtained a random PNR, which exposed a passenger's data.
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  • The reference is also encoded in a ticket's barcode as well as on baggage tags, which security experts have noted essentially makes it a public passcode.
  • With that information in hand, it's possible to access someone else's booking information using the booking reference number and the last name of a passenger. From there, an attacker could change meal preferences and seats, fraudulently claim frequent flyer miles, update email addresses and phone numbers and cancel flights.
  • Global distribution systems, such as the one run by Amadeus and other booking software providers, including Sabre and Travelport, date back decades. But their software has been woven into web services that lack proper security controls
  • GDSs do not offer a first authentication factor. Instead, the booking code (aka PNR Locator, a 6-digit alphanumeric string such as 8EI29V) is used to access and change travelers' information."
  • Given only passengers' last names, their booking codes can be found over the Internet with little effort."
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    A security researcher, Mr. Noam Rotem has found a security vulnerability in the widely used Amadeus airline software. Mr. Rotem booked a flight with El Al and the company sent him a link to retrieve his Passenger Name Record (PNR). Rotem inputted a random booking reference number into this link, which is sent to all customers upon booking, and he was able to access other passenger's information. This raises concerns among attackers changing seat flights, meal specifications, or claiming flyer miles. The security researcher also viewed email addresses, phone numbers, and was even able to cancel flights. Additionally, this data can easily be accessed because reference numbers and last names are printed on baggage tags, making this available for many to see in an airport. The Global Distribution System does not have any form of authentication factor or password to keep this information safe. The GDS has not been updated to ensure security in many years. The company claims that the PNR process must be in accordance with the whole industry, and it needs to collaborate with everyone in order to form a new procedure.
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