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Contents contributed and discussions participated by sherylvelazquez

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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.
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  • 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.
sherylvelazquez

First Mover Advantage - Benefits & Drawbacks of Being First - 0 views

corporatefinanceinstitute.com/...first-mover-advantage

shared by sherylvelazquez on 04 Feb 20 - No Cached
  • The first-mover advantage refers to an advantage gained by a company that first introduces a productAccountingOur Accounting guides and resources are self-study guides to learn accounting and finance at your own pace. Browse hundreds of guides and resources. or service to the marketMarket EconomyMarket economy is defined as a system where the production of goods and services are set according to the changing desires and abilities of the market players. This allows the market to operate freely in accordance with the law of supply and demand, set by individuals and corporations, as opposed to governments..
  • strong brand recognition and product/service loyalty before other entrants.
  • irst-mover advantage only refers to a large company that moves into a market.
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  • Advantages of Being a First Mover
  • First movers can make their technology/product/services harder for later entrants to replicate
  • control strategic and/or scarce resources.
  • it may seem inconvenient for consumers to switch to a new brand.
  • Disadvantages of Being a First Mover
  • sherylvelazquez on 04 Feb 20
     
    This article discusses the advantages and disadvantages of being a First mover. A first mover is a company that introduces product first. First mover advantage is mostly for large companies and being first gives them different benefits like brand recognition and loyalty.
sherylvelazquez

Why Tabletop Tablets Can't Replace Servers | FSR magazine - 3 views

www.fsrmagazine.com/...p-tablets-cant-replace-servers

tablets technology hospitality servers

shared by sherylvelazquez on 30 Jan 20 - No Cached
  • Tablets don't offer that personal touch; they do help servers truly focus on customer service
  • resulting in increased guest satisfaction, more efficient staff, and growing revenues.
  • They have a deep-seated expectation of being greeted and attended to throughout the meal. This will continue to hold true, even when a tablet is on the table.
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  • Dining out is its own brand of entertainment
  • . The pageantry is part of the allure. Being greeted by a host, being shown to a table, and being waited on by a happy server—these are all expected and valued components of the dining experience that electronics can't even approximate.
  • Tablets have also been impressively effective at improving the wait staff’s take-home pay.
  • They help ensure that servers can spend more quality time with their tables, providing guests a higher level of attention and service.
  • Tabletop tablets can help servers capitalize on the “magic moments” of the dining experience.
  • Tips have increased an astounding 15 percent at restaurants using these tablets.
  • self-service tablet is enhanced security.
  • In early-adopter establishments, within 24 months of featuring these tablets at 125 locations, owners saw revenues go up.
  • sherylvelazquez on 30 Jan 20
     
    This article is about why tabletop tablets will not replace waiters. It discusses how waiters will still be needed even with the increased use of technology. It shows how a tablet can benefit not only the customer but the server and restaurant as well.
sherylvelazquez

The Future of Global Distribution Channels: New Horizons for Airline e-Commerce - 0 views

w3.accelya.com/...orizons-for-airline-e-commerce

technology hospitality

shared by sherylvelazquez on 25 Jan 20 - No Cached
  • Earlier this year, Lufthansa announced that it was adding a surcharge to all bookings made via global distribution systems in an attempt to funnel traffic to direct bookings
  • Nonetheless, distribution has seen a number of interesting trends that may spell new opportunities for airlines looking to capture new markets, bring in additional revenue via ancillaries, and keep pace with the competition. Airlines are more interested than ever in alternative distribution, with the majority of airline marketing/sales/distribution executives saying they are very or extremely likely to adopt an alternative to GDS by 2017.
  • Overall, travel “distribution” is becoming more like “e-commerce,” with campaigns, offers, and channel marketing edging out the simpler “product push” of yesteryear.
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  • Pay-per-click advertising is a huge boon for the travel industry – travel and tourism was the third highest spending industry on Google AdWords in 2014,
  • Metasearch is a great opportunity for airlines because, again, it meets comprehensive or complex travel shopping needs.
  • With IT solutions that can gather, store, and analyze data in a variety of ways, airlines are better able to monitor performance across channels, quickly adjust offers based on a variety of situations and circumstances, and optimize communications and transactions by device.
  • sherylvelazquez on 25 Jan 20
     
    This article is about the future of global distribution systems and how airlines are making a push towards direct bookings. They are using things like performance adverting, metasearch networks, and data based e-commerce in increase revenue and improve operations.
sherylvelazquez

Hotel Technology Challenges for Every Hospitality Business - 2 views

blog.advhtech.com/y-challenges-for-business-2019

hotel hospitality tech

shared by sherylvelazquez on 17 Jan 20 - No Cached
  • Interoperability Data Management Security & Privacy Responsiveness
  • ue to the lack of standardization and specialized hospitality technology solutions, most hotels tend to develop their own proprietary solutions to manage assets.
  • Non-standardized technology can induce added learning times & on-boarding periods for guests.
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  • This issue readily highlights the significance of applied technology management.    
  • Knowing and understanding customers is essential in predicting their behavior, future visits, and demands.
  • As the amount of data grows within hotel databases, the responsibility of back office management is quadrupled.
  • Authorization for data access, network & database security, and centralized database management are major concerns for hotels in the coming age. 
  • everal news outlets and hospitality professionals have already identified that hospitality companies are one of the most susceptible to data breaches. 
  • Hotel technology infrastructures must ensure that all digital interactions with guests are reinforced through robust security tech & privacy rules
  • Most hotels are handicapped by the knowledge and expertise they carry on the subject. A more reasonable idea is to consult with a technology management company that offers better insights, suggestions, and security framework designs for hotels. 
  • Advanced Hospitality has helped various hospitality ventures take root and develop their competency with technologies.
  • Hotels also need to enhance responsiveness for renovations and routine maintenance.
  • A responsive hotel tech infrastructure demands stronger resources, simpler network mapping, and seamless synchronization with hotel back office systems. 
  • Hospitality technology may be the most amazing transition to occur in the hospitality industry but remember it does come with a cost.
  • An efficient & effective hotel technology must be responsive and should acknowledge guest requests instantly.
  • sherylvelazquez on 17 Jan 20
     
    This article discusses research that shows four hotel technology challenges in 2019. These challenged include Interoperability, Data Management, Security & Privacy, and Responsiveness. It argues that hotel management should be aware of these technologies because they can either help or hinder your business.
sherylvelazquez

Top 10 Hospitality Technology Trends for 2023 - 0 views

www.mitel.com/...cation-tech-trends-hospitality

shared by sherylvelazquez on 12 Jan 20 - No Cached
  • role of technology in hospitality businesses has drastically expanded.
  • Most of this activity relies directly or indirectly on technology, making IT more important to hotel operations and the guest experience than ever before.
  • Today, many guests prefer technology over human interaction for simple tasks.
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  • There’s a whole range of basic guest requests that can be automated with the right technology, which frees hotel staff up for other activities that enhance the guest experience
  • The room phone of the future may serve as a hub for a larger connected experience.
  • the demand for bandwidth at hotels is only going to grow.
  • Many guests are even beginning to include these kinds of technologies in their online hotel search criteria, so hospitality businesses that lack them may eventually find themselves at a disadvantage.
  • Modern meetings run on technology.
  • These tools allow hotels to find out about guests’ wants, needs, desires, complaints and more—and jump into the conversation if it makes sense.
  • sherylvelazquez on 12 Jan 20
     
    This article discusses the top 10 communication trends in hotel technology. It shows that the role technology plays in hotel will only continue to grow because like mentioned a lot of activities directly or indirectly use technology. Some of these trends include things like service automation, guest apps, and location based services. These advances will allow hotel staff to be more focused on customer satisfaction and improving hotel operations.
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