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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Hotel Guestroom Technology<br />
Most people define technology in terms <strong>of</strong> computers and electronic devices, but in fact,<br />
technology reaches beyond the well known concepts when applied to a hotel environment. The<br />
American Heritage Science Dictionary defines technology as any use <strong>of</strong> scientific knowledge to<br />
solve practical problems. Guestroom 2010 was conceived by Hospitality Financial and<br />
Technology Pr<strong>of</strong>essionals (2007) and debuted at Hospitality Industry Technology Exposition and<br />
Conference (HITEC) 2006 in Minneapolis, Minnesota. This exhibit was devised by the HITEC<br />
Advisory Council, and the board believed its validity because <strong>of</strong> their goal to be the global source<br />
<strong>of</strong> information for hospitality finance and technology.<br />
The exclusive sponsor <strong>of</strong> the initial guestroom was IBM who continues their sponsorship<br />
in 2007. The 2007 display will include updates <strong>of</strong> the 2006 guestroom. Each product in the<br />
exhibit has been carefully chosen to represent technology innovations in design, function,<br />
usability, energy efficiency or products reflecting a wide range <strong>of</strong> technology from “green” to<br />
electronics to nanotechnology. Exhibition space was added after increased demand for the new<br />
Guestroom 2010 initiative, which will include a 90 ft. x 40 ft. pavilion featuring some <strong>of</strong> the la<strong>test</strong><br />
and near future technologies.<br />
The focus on the guestroom <strong>of</strong> the future begs the question <strong>of</strong> whether hoteliers can<br />
accurately predict what is coming in the future as far as technology, and whether it is possible to<br />
prepare for it.<br />
The Hotel Technology Next Generation (HTNG) In-Room Technology Work group sees<br />
a converged Internet Protocol network as the center for the guestroom <strong>of</strong> the future. “A<br />
converged network based on open standards is the best bet to make additional technology<br />
purchases even more interoperable,” reads that group’s white paper titled Convergence: Hotel<br />
Technology for Today and Tomorrow. Hotel 1000 heeded that advice; the hotel will feature a<br />
fully converged IP with integrated technology <strong>of</strong>ferings in guestrooms. This includes: wired and<br />
wireless high-speed Internet access, VoIP touchscreen color-display telephones, 40 inch LCD<br />
monitors for unified messaging. MTM Luxury Lodging worked within the parameters defined by<br />
ASBBS E-Journal, Volume 4, No.1, 2008 157