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How Hoteliers Cope with the Rise of the Sharing Economy

Posted by Thai Pham on

The sharing economy (also known as “peer-to-peer economy” or “collaborative consumption”) is the concept of sharing resources that are otherwise go to waste. Technology plays a part in helping the sharing economy to expand, and making the assets cheaper, more accessible than ever. In today's article, we'll focus on the hospitality industry and how much impact the sharing economy, particularly Airbnb, is having on the industry as well as the consumers.

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Topics: Technology trends, Hospitality solutions

Key Concepts in Revenue Management: Relevant Data and Intelligent Pricing

Posted by Thai Pham on

This blog provides a cursory overview of some of the key concepts related to next-generation revenue management practices. The first part talked about the performance metrics. In this final part, we will take a quick look at the remaining two concept: data and intelligent pricing. 

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Topics: Hospitality solutions

Key Concepts in Next-Generation Revenue Management: Performance Metrics

Posted by Thai Pham on

This blog provides a cursory overview of some of the key concepts related to next-generation revenue management practices, starting with the ever-evolving performance metrics that are commonly used to track and measure success.

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Topics: Hospitality solutions

Want Highly Effective Managers? Spot Signs of Management Derailment

Posted by Thai Pham on

Times of change present many challenges throughout organisations — especially for front-line managers, who need to implement change through their people and do more with less. Ironically, when you need your highly effective managers to perform at their very best, that’s when they are the most vulnerable to buckling under the pressure. This article will provide you with early warning signs of management derailment.

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Topics: Talent Management

Avoid These 3 Mistakes in order to Improve the Quality of Your OKRs

Posted by Thai Pham on

Objectives and Key Results (OKRs) are an effective goal planning method which is being used at Google. You may wonder: “My company is not Google. Will my company still be able to benefit from everything that OKRs have to offer?” Maybe! If you have a concrete understanding of what OKRs are, and you do not attempt to make any of the following mistakes, you and your team might be set to go.

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Topics: Talent Management

13 Rules to Follow When Using Personnel Assessments

Posted by Thai Pham on

Employers can effectively use personnel assessment instruments to measure job-relevant skills and capabilities of applicants and employees. These tools can help to identify and select better workers and can help improve the quality of an organisation’s overall performance. To use these tools properly, employers must be aware of the inherent limitations of any assessment procedure, as well as the legal issues involved in assessment.

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Topics: Talent Management

Will Smart Technologies Replace CFOs?

Posted by Thai Pham on

From cloud computing and robotic process automation to analytics, AI, and machine learning,  a new class of digital disruptors is transforming the role of finance. Will all the automation and technology that CFOs have at their fingertips ultimately replace the need for a traditional finance chief, or will CFOs be able to harness that technology to improve their bottom lines?

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Topics: CFOs, Technology trends

5 Elements of an Integrated Business Planning Framework

Posted by Thai Pham on

Integrated Business Planning (IBP) has delivered significant benefits to practicing businesses. According to a recent study conducted by Aberdeen Research, companies with a well-structured IBP process achieved the following benefits over a two-year period post IBP implementation:

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Topics: Technology trends, CFOs

Why Integrated Business Planning Should Be Your Next Focus

Posted by Thai Pham on

Integrated business planning (IBP) is a business-focused evolution of traditional sales and operations planning (S&OP) that aligns sales, business strategy, and operations with enterprise-wide financial performance.

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Topics: Technology trends, CFOs

Revenue Management at the Touch of a Button: the Success Story of Vienna House

Posted by Thai Pham on

Vienna House is an Austria-based hotel chain that currently has 34 hotels under its brand. The brand is famous for their classic Viennese charm with a touch of modern comfort. During the past five years, Vienna House has grown and acquired a few more hotels. The steady growth brings in the inevitable IT challenge: the need for a revenue management system to help unify and manage all of the hotels in the group.  

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Topics: Hospitality solutions, Business Intelligence, Financial consolidation, planning and reporting

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