The hotel industry is under increasing pressure to deliver profitable revenue streams which are challenged by market trends in response to the global downturn. Margin erosion, falling revenues, aggressive competition all conspire to apply considerable pressure to the sector.
Consequently hoteliers are looking at ways to reduce costs and increase revenues from existing sources as well as looking at other ways of generating or rekindling lost revenues.
By adopting converged services costs can be cut dramatically and lost revenues restored… (more…)
