HFTP Connect – Hospitality Blog

Posts Tagged - cost savings

It’s Going to Change Bigtime

Written by: Warren Markwart

The REALLY Big Show

“The Rise of the Metamediaries” sounds like a science fiction horror show.

The “rise” occurred on Tuesday afternoon and It was a REALLY big show starring senior people from Facebook, Google, Trip Advisor and Room 77. The stage was groaning with all these heavyweights in one place. Cindy Estis-Green did a great job in getting each to discuss their strategies of:

  • Dreaming
  • Planning
  • Booking
  • Experience
  • Sharing

She had two pundits that started the Q&A into a frank and lively discussion. Read More »

HITEC 2013 Features You Don’t Want to Miss

Written by: Sara Bailiff

HITEC 2013 is just a couple of months away and there is already a ton of buzz surrounding this year’s show. If you have not registered, I suggest you do so before May 20th to save yourself or your employer some money.

If you are trying to justify your attendance and time away from the office, keep in mind the following reasons HITEC 2013 is not to be missed.

In no particular order:

1.High-profile Keynote Speakers

Once again, HFTP has managed to secure some pretty impressive keynote speakers for HITEC 2013. These speakers will knock your socks off with the level of expertise they have to share on the trending topics:

  • Cyber-security Solutions — From the Firing Lines to a Fireside Chat: CIO to CIO with Theresa Payton, former Whitehouse CIO.
  • The Monetary Revolution — The End of Money with author David Wolman and Wired magazine contributing editor.
  • Hospitality IT — Meet the Techs: CIOs Discuss Today’s IT Challenges, moderated by Scot Campbell, vice president and CIO of Pinnacle Entertainment, Inc. Read More »

[Automatic Minibars] Automatic Revenue

Written by: Bruno Agrario

The latest generation of automatic minibar technology is simplifying hotel operations while improving guest satisfaction and enhancing the hotel’s bottom line

For decades, the minibar has been a staple of hotel guestrooms, from mid-scale chain properties to luxurious independent resorts. But as minibars have proliferated in the industry, so too have its operational challenges.

Fortunately, tech-forward hoteliers are discovering ways to streamline minibar operations and increase guest satisfaction, while maximizing profits through automated minibar technology.

Automatic minibars are simpler to manage, enhance a hotel’s cache with guests and increase operational efficiency. Most importantly, automatic minibars offer profit potential that traditional manual minibars just can’t match.

Following are some common challenges that hoteliers have faced with traditional manual minibars, with explanations about how the automatic minibar is changing the paradigm for this important hotel offering. Read More »

[Part 3] Three Ways to Encourage Eco-Friendly Behavior

Written by: Gerrit Reinders

Click here to read [Part 1] Energy Savings: Commodity Procurement

Click here to read [Part 2] Energy Efficiency: Use Less

According to a recent EnergyStar report, hotels in the United States spend close to $4 billion on energy each year–that’s $2,196 per available room annually. Given that energy costs will only continue to increase, reducing energy expenditures has become a viable way to reduce overall expenses.

Hospitality properties can decrease energy expenditures in three different, yet complementary, ways:

  1. By engaging in commodity procurement measures to reduce the cost of electricity
  2. By increasing energy efficiency to reduce energy usage
  3. By encouraging the development of sustainable day-to-day behaviors

It’s Easy Being Green

Our first strategy to decrease energy expenditures, engaging in commodity procurement measures, can harvest savings in the 4-10 percent range and typically requires committing to purchase gas or electricity from power marketers.

Our second strategy, implementing energy efficiency measures, can yield reductions as high as 60 percent and includes everything from installing an occupancy-based energy management system to replacing drafty windows and doors. This list is endless.

The least costly–and when done right, most persistent–form of energy savings can be harvested by educating and engaging the people who work or come through the building. But how, exactly, can hoteliers influence guest and staff attitudes to encourage eco-minded-thinking and reduce energy expenditures? Here are a few things that work: Read More »

[Part 2] Energy Efficiency: Use Less

Written by: Gerrit Reinders

Click here to read [Part 1] Energy Savings: Commodity Procurement

In the current economic climate, hotels and conference centers find themselves searching for new ways to reduce operating expenses more than ever before. The hospitality industry, like any other commercial enterprise, is driven largely by operating margins.

According to a recent EnergyStar report, hotels in the United States spend close to $4 billion on energy each year. Given that energy costs will only continue to increase, reducing energy expenditures has become a viable way to reduce overall expenses.


Hospitality properties can decrease energy expenditures in three different ways:

  1. By engaging in commodity procurement measures to reduce the cost of electricity
  2. By increasing energy efficiency to reduce energy usage
  3. By encouraging the development of sustainable day-to-day behaviors

We’re going to go tackle these energy saving ideas in this three part series. Here is the second part:

Energy Efficiency: Use Less

Read More »

[Part 1] Energy Savings: Commodity Procurement

Written by: Gerrit Reinders

In the current economic climate, hotels and conference centers find themselves searching for new ways to reduce operating expenses more than ever before. The hospitality industry, like any other commercial enterprise, is driven largely by operating margins.

According to a recent EnergyStar report, hotels in the United States spend close to $4 billion on energy each year. Given that energy costs will only continue to increase, reducing energy expenditures has become a viable way to reduce overall expenses.

Hospitality properties can decrease energy expenditures in three different ways:

  1. By engaging in commodity procurement  measures to reduce the cost of electricity
  2. By increasing energy efficiency to reduce energy usage
  3. By encouraging the development of sustainable day-to-day behaviors

We’re going to go tackle these energy saving ideas in this three part series. Here is the first part:

Commodity Procurement: Pay Less

In several parts of the country, consumers have the ability to purchase energy from independent marketers. This process is referred to as commodity procurement. Read More »

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