![]() ![]() Southern Illinois University and Depaul Universityġ2130 Summergate Cir, Fort Myers, FL 33913ģ624 Edgehill Rd, Yorktown Heights, NY 10598ġ1355 Barnett Valley Rd, Sebastopol, CA 95472ġ55 Jordan Ridge Ct, Alpharetta, GA 30004ġ509 Holly Hill Dr, Bethel Park, PA 15102.Owner and Designer in Interioirs By Decorating Den.Contracts Manager in Sector Security Services.Strategic Client Executive in Unitedhealth Group.President/Owner in EarthView Environmental, Inc.The October issue of the Hotel Business Review will report on how some hotels are integrating Big Data into their revenue management strategies.Common information about name Judith Joyce Full Name GIS also help decision-makers identify information in a visual way that cannot be detected through traditional data analysis. Managers are also utilizing geographic information systems (GIS) which incorporate geographic data into forecasting. They have the ability to analyze real-time external and internal data, produce reports, and integrate information - all on a single platform - in order to improve performance. These tools communicate complex information more effectively, allowing managers to understand the key components driving demand and revenue. Managers are utilizing systems that employ leading-edge algorithms and machine learning, along with business analytics and data visualization tools. For revenue professionals, the Age of Big Data has arrived. The future of hotel revenue management lies in the adoption of ever more sophisticated software and technology, especially as it pertains to forecasting and pricing. ![]() The May issue of the Hotel Business Review will document how some hotels are integrating sustainable practices into their operations and how their hotels are benefiting from them. Finally, some hotels qualify for tax credits, subsidies and rebates from local, regional and federal governments for the eco-friendly investments they've made in their hotels. Also, sooner or later, all properties will be sold, and green hotels will command a higher price due to its energy efficiencies. Being green means guests and staff are healthier, which can lead to an increase in staff retention, as well as increased business from health conscious guests. There are other compelling reasons to initiate sustainability practices in their operation. In addition, renewable sources of energy (solar, geothermal, wind, etc.) have substantially improved the economics of using alternative energies at the property level. Vendors can be asked to deliver products in minimal wrapping, and to deliver products one day, and pick up the packaging materials the next day - generating substantial savings. Waste hauling is another major expense which can be lowered through recycling efforts and by avoiding wastefully-packaged products. When water-saving equipment is introduced - low-flow showerheads, low-flow toilets, waterless urinals, and serving water only on request in restaurants - water bills are also considerably reduced. ![]() When energy-saving measures are introduced - fluorescent bulbs, ceiling fans, linen cards, lights out cards, motion sensors for all public spaces, and energy management systems - energy bills are substantially reduced. There are strong moral and ethical reasons why a hotel should incorporate eco-friendly practices into their business but it is also becoming abundantly clear that “going green” can dramatically improve a hotel's bottom line. ![]()
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