Opinion Articles — Finance & Accounting Filter 30 more The Hotel Yearbook It’s Never Been Better for Investment in the Hotel Technology Industry HFTP’s CEO Frank Wolfe emphasizes the need for the hospitality industry to adapt its conventions to stay relevant, highlighting the HITEC Technology Investment Conference debuting this year. This addition is timely due to the pandemic accelerating t... Hospitality Financial and Technology Professionals (HFTP) More in this category Finance & Accounting The Hotel Yearbook A New Age of Hospitality-Tech: Investment Booms and Maturing Technologies The hospitality industry presents a challenging landscape for technology development and adoption, primarily due to its complex structure and global reach. Despite these difficulties, there is a significant opportunity for transformative investments... Accor More in this category Finance & Accounting Opinion It’s Never Been Better for Investment in the Hotel Technology Industry Just as the hospitality industry evolves, so too must the format of its conventions, especially one as influential to the hospitality industry as HITEC. This year, the senior team at HFTP has expanded the tradeshow’s depth and impact with the inaugu... Frank WolfeChief Executive Officer (CEO), HFTP HFTPMore in this category Property TechnologyMore in this category Events & ConferencesMore in this category Finance & Accounting More like this Opinion Myth busting: CSRD and, Small and Medium Enterprises (SMEs) There’s a prevalent misconception that SMEs must comply with the Corporate Social Responsibility Directive (CSRD); in other words, they must prepare long and “complicated” standardised ESG and/or sustainability reports. However, this is far from the... Melinda RakaiDr. Professor of Hospitality Business Hotelschool The HagueMore in this category Environment & SustainabilityMore in this category Finance & AccountingMore in this category Corporate Social Responsibility (CSR) More like this Opinion From Paper to Platform: Future-Proof Your Procurement Team With Digital Transformation In an eye-opening survey by PwC, global procurement professionals have spoken when it comes to their digital transformation initiatives. By 2025, procurement departments have an average target of 72% digitalisation, with efficiency, transparency, tr... Johannes VockeChief Financial Officer at FutureLog FutureLog AGMore in this category Property TechnologyMore in this category Lodging IndustryMore in this category Finance & AccountingMore in this category InnovationMore in this category Procurement More like this Opinion Management Company Compensation Slows in 2023 Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic. An analysis performed by CBRE in April 2023 found that total hotel ... Robert MandelbaumDirector of Research Information Services at CBRE Hotels CBRE HotelsMore in this category Finance & Accounting More like this Opinion Streamline Hotel Budgeting: Why Hoteliers Should Adopt Budgeting Software Now Effective financial management is paramount for the success of a hotel business. One of the critical aspects of financial management is budgeting, a process that traditionally involves significant time, effort, and coordination among various departm... Jason Q. FreedHospitality Data Evangelist Otelier (formerly myDigitalOffice)More in this category Property TechnologyMore in this category Management CompaniesMore in this category Finance & AccountingMore in this category Asset Management More like this Opinion Keeping Hospitality Human: The Importance of a Personal Touch in Hotel Technology Management As renowned author Maya Angelou once said, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” This sentiment is at the core of what most hoteliers strive to achieve for guests du... Jill WilderPresident, Aptech Computer Systems Inc AptechMore in this category Property TechnologyMore in this category Finance & Accounting More like this Opinion 5 Reasons to Celebrate Your Night Auditor on May 18 On May 18, Otelier is once again asking hotel leaders to come together to shine a spotlight on the dedicated overnight crews that keep our establishments running seamlessly through the night. We have several ways you can recognize their hard work th... Jason Q. FreedHospitality Data Evangelist Otelier (formerly myDigitalOffice)More in this category Property TechnologyMore in this category Management CompaniesMore in this category Finance & AccountingMore in this category Asset Management More like this Opinion The Top 10 Cash Controls - Hospitality Financial Leadership Cash is King. That’s an old expression but it’s also one that still rings true today. Everyone likes cash even if we don’t carry so much with us personally anymore. It’s important to recognize that some people will help themselves to your cash if yo... David LundThe Hotel Financial Coach David LundMore in this category Finance & Accounting More like this The Hotel Yearbook Technology 2024 Entering the Everything-Data Decade Download Your content on Hospitality Net? Hospitality Net membership explained
The Hotel Yearbook It’s Never Been Better for Investment in the Hotel Technology Industry HFTP’s CEO Frank Wolfe emphasizes the need for the hospitality industry to adapt its conventions to stay relevant, highlighting the HITEC Technology Investment Conference debuting this year. This addition is timely due to the pandemic accelerating t... Hospitality Financial and Technology Professionals (HFTP) More in this category Finance & Accounting
The Hotel Yearbook A New Age of Hospitality-Tech: Investment Booms and Maturing Technologies The hospitality industry presents a challenging landscape for technology development and adoption, primarily due to its complex structure and global reach. Despite these difficulties, there is a significant opportunity for transformative investments... Accor More in this category Finance & Accounting
Opinion It’s Never Been Better for Investment in the Hotel Technology Industry Just as the hospitality industry evolves, so too must the format of its conventions, especially one as influential to the hospitality industry as HITEC. This year, the senior team at HFTP has expanded the tradeshow’s depth and impact with the inaugu... Frank WolfeChief Executive Officer (CEO), HFTP HFTPMore in this category Property TechnologyMore in this category Events & ConferencesMore in this category Finance & Accounting More like this
Opinion Myth busting: CSRD and, Small and Medium Enterprises (SMEs) There’s a prevalent misconception that SMEs must comply with the Corporate Social Responsibility Directive (CSRD); in other words, they must prepare long and “complicated” standardised ESG and/or sustainability reports. However, this is far from the... Melinda RakaiDr. Professor of Hospitality Business Hotelschool The HagueMore in this category Environment & SustainabilityMore in this category Finance & AccountingMore in this category Corporate Social Responsibility (CSR) More like this
Opinion From Paper to Platform: Future-Proof Your Procurement Team With Digital Transformation In an eye-opening survey by PwC, global procurement professionals have spoken when it comes to their digital transformation initiatives. By 2025, procurement departments have an average target of 72% digitalisation, with efficiency, transparency, tr... Johannes VockeChief Financial Officer at FutureLog FutureLog AGMore in this category Property TechnologyMore in this category Lodging IndustryMore in this category Finance & AccountingMore in this category InnovationMore in this category Procurement More like this
Opinion Management Company Compensation Slows in 2023 Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic. An analysis performed by CBRE in April 2023 found that total hotel ... Robert MandelbaumDirector of Research Information Services at CBRE Hotels CBRE HotelsMore in this category Finance & Accounting More like this
Opinion Streamline Hotel Budgeting: Why Hoteliers Should Adopt Budgeting Software Now Effective financial management is paramount for the success of a hotel business. One of the critical aspects of financial management is budgeting, a process that traditionally involves significant time, effort, and coordination among various departm... Jason Q. FreedHospitality Data Evangelist Otelier (formerly myDigitalOffice)More in this category Property TechnologyMore in this category Management CompaniesMore in this category Finance & AccountingMore in this category Asset Management More like this
Opinion Keeping Hospitality Human: The Importance of a Personal Touch in Hotel Technology Management As renowned author Maya Angelou once said, “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” This sentiment is at the core of what most hoteliers strive to achieve for guests du... Jill WilderPresident, Aptech Computer Systems Inc AptechMore in this category Property TechnologyMore in this category Finance & Accounting More like this
Opinion 5 Reasons to Celebrate Your Night Auditor on May 18 On May 18, Otelier is once again asking hotel leaders to come together to shine a spotlight on the dedicated overnight crews that keep our establishments running seamlessly through the night. We have several ways you can recognize their hard work th... Jason Q. FreedHospitality Data Evangelist Otelier (formerly myDigitalOffice)More in this category Property TechnologyMore in this category Management CompaniesMore in this category Finance & AccountingMore in this category Asset Management More like this
Opinion The Top 10 Cash Controls - Hospitality Financial Leadership Cash is King. That’s an old expression but it’s also one that still rings true today. Everyone likes cash even if we don’t carry so much with us personally anymore. It’s important to recognize that some people will help themselves to your cash if yo... David LundThe Hotel Financial Coach David LundMore in this category Finance & Accounting More like this