stock repurchase announcements: a test of market ... - Asbbs.org
stock repurchase announcements: a test of market ... - Asbbs.org
stock repurchase announcements: a test of market ... - Asbbs.org
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Mills<br />
Some hotels have less flexibility as their infrastructures cannot enable strategy,<br />
connectivity, and new opportunities. The costs become problematic for the value chain; hotels<br />
must look for new ways to exploit IT. It is suggested that a convergence <strong>of</strong> portable devices,<br />
common appliances, computer hardware, s<strong>of</strong>tware, telecommunications, media, and content are<br />
bringing about new and exciting capabilities. Carlson’s Scott Heintzeman says that this requires<br />
new ways <strong>of</strong> thinking, such as, more integrated or cross-functional thinking, which will be<br />
essential in launching e-business solutions. Dan Rothfeld and Brad Douglas, both vice-presidents<br />
at Choice Hotels International, shared innovative approaches utilized by Choice for web-based<br />
purchasing; Mike Clouser, founder <strong>of</strong> iLodging.com, discussed innovative web-based<br />
applications for <strong>market</strong>ing, procurement, and outsourcing to support the restaurant’s chain. The<br />
issues associated with the Internet enforce the idea the “the customer is king” and has zero<br />
tolerance for errors or poor service delivery. The issues prior to 2000 and those that survived<br />
Y2K are long f<strong>org</strong>otten, but issues surrounding the EURO still are prevalent. Guillaume Lepecq,<br />
Director <strong>of</strong> Corporate Relations for the Association <strong>of</strong> the Monetary Union <strong>of</strong> Europe, and Hasa<br />
Alemar, Senior Manager <strong>of</strong> Visa’s Euro Single Currency Unit presented challenges <strong>of</strong> how to<br />
afford technology and sophisticated and demanding technology needs. This conference paved the<br />
way for the questions and exciting times <strong>of</strong> the future in technological service; that time is here<br />
now.<br />
As we reflect on these major issues, it is apparent that the concerns in 2000 are still<br />
prevalent, but new obstacles are now added to the already complex problems <strong>of</strong> technology and<br />
the hotel guest. For example, the subject <strong>of</strong> the internet and <strong>market</strong>ing the property were<br />
important then and are increasingly urgent today. Auction sights and outside investors were <strong>of</strong> a<br />
major concern and are increasingly important in 2007. The 2000 meeting <strong>of</strong> the Roundtable<br />
discussed the HITIS (Hotel Industry Technology Integration Standard and how it would impact<br />
jobs and companies; primarily how technology initiative put forward standardize interfaces<br />
between systems. One participant said, “One <strong>of</strong> the concerns I would have is we’re putting<br />
ASBBS E-Journal, Volume 4, No.1, 2008 152