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Accounting For The Hospitality Industry

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The emergence of digital signage as an effective marketing and advertising tool is most recognizable when walking into Times Square in New York City. Electronic signs, some that are over twenty feet high and 50 feet long, dominate the block, featuring supersized images that grab and hold the attention of even the most jaded New Yorker. These digital billboards, flashing motion, sound, and color 24/7 are the future of advertising.



Among the first to utilize the effectiveness of digital media advertising has been the hospitality industry. Hotels, cruise ships, lounges and bars, restaurants, golf and tennis pro-shops, resorts and casinos are offering targeted programming and advertising via floor-standing advertising signs, or wall-mounted, vertical liquid-crystal display (LCD) monitors. This electronic signage can be used to set the tome, the ambiance of your lobby, waiting area, lounge, or, even the elevators and meeting-rooms.

Picture this dynamic, digital media advertising in your hotel lobby, flashing remotely managed, digitally enhanced, targeted programming to your guests from sharp, budget-friendly LCD screens. This cutting edge advertising media can be used to promote hotel shops, restaurants, special offers, upcoming events, the list is practically endless.

While your restaurant customers are waiting to be seated, an effectively placed LCD ad player might feature a menu selection, or the evening's specials, even delicious, new recipes in high definition (HD) clarity, and surround-sound. Your lounge may feature drink specials, grill selections, or upcoming lounge acts.

All of this point-of-purchase, or POP advertising is not only a vital media, informing, entertaining, and educating your customers, it is, when done with flair and with discretion, a statement. This statement promotes your brand image and value by simply improving the shopping experience for your customers. Thus, sales are increased with on-site, targeted, relevant offers and information that educate and inform your customers, and your business will gain an ambiance all its own, with an in-store TV network featuring programming directed at your customers in the way you want it to.

An in-house TV network, constantly and immediately changing and adapting to customer whims, and reacting to ever-changing marketing strategies in real time, is far more cost effective when compared to the expense of replacing static signage and printed advertising posters. A dynamically presented series of entertaining ads and offers will inform and educate your customers about your products, or services without the blatant pressure that has characterized advertising and marketing for so long. The age of coarse hype is coming to an end, to be replaced by discrete, brand-oriented, electronic signage that is perfect for your hospitality business.

Innovative marketing technology such as electronic signage, digital billboards, LCD advertising screens and ad players, the emerging industry of digital media advertising, brings imaginative and savvy firms to sell, install and service this state-of-the-art technology.
Accounting For The Hospitality Industry
Good hospitality training specialist consultants and their trainers highly recommend a training needs analysis (TNA) prior to any training that they undertake. This is an important first step. Training involves investment in time, money and resources. Such an investment to address the actual needs and to make a significant difference to the success of the company can lead to a more complete utilization of resources and can also affect the degree of success of the training program. As with any investment, returns are expected from training in the form of improved performance that can lead to achievement of business goals.

So how do we go about conducting a Training Needs Analysis (TNA)? Where do we begin? What are the needs? How can we plan? How to make it happen? What difference will it make?

Using a step by step approach, we can answer all these questions. Below is 4-step guide on how to conduct a Training Needs Analysis (TNA):

Step 1: Understand the Current Situation

* Make an internal assessment of the current situation. This involves gathering information on how the company is currently operating and can be gathered from a variety of methods:

* Guest Feedback (Guest Comment Cards / Customer Satisfaction Surveys)

* Mystery Shopper Results

* Complaint Log Books

* Exit Interviews

* Employee Opinion Surveys

* Employee Appraisal Reports

* Operations Reviews

* Incident Reports

* Observations at the Workplace

* Brand Standard Audits

* Skills Tests

* One-on-one discussions

* Focus Groups

Step 2: Determine the Desired Outcome

Next, identify what the desired outcome can be. This involves visualizing what the desired future is and can be established by a review of:

* Company Vision and Mission

* Company Strategies and Objectives

* Business & Marketing Plan translated into Business Goals and Objectives

* Guest / Customer Needs

* Career Development Needs

* Any changes expected such as new services, policies, procedures

Step 3: Analyze the GAP

Once information is gathered on current and future situation, a GAP analysis is undertaken. This is basically the difference between findings in Steps 1 and 2 and may be defined as:

Desired Outcome ? Current Performance = Training Need.

It should be noted that not all performance issues can be resolved through training. This is important to distinguish as the wrong solution could lead to the wrong outcome. Training can help if there is a lack of sufficient knowledge, skills or attitude. While knowledge and skills are easier to identify and rectify, attitude can be improved with time through a process of learning, monitoring and consequences. In the final analysis, look for correlations and consistencies. Sieve through the details and do not take the ?forest for the trees?.

Step 4: Present the PLAN

With budgets at the disposal for training, it is important that needs be prioritized. Training that must meet legal requirements due to external regulations such as health, hygiene and safety, goes right to the top of the list. This is not negotiable and can affect licenses to operate. Next consider what is immediately needed to put things right, for example, gaps in service and product standards delivery, changes in policies and procedures, introduction of new services, etc. Then, list all regular training programs offered as good employers do, such as orientation, soft skills training and other supervisory development programs. Finally, include any employee development activities that provide career development and growth progression in the company.

All training needs can then be documented into a ?Training Plan? according to priorities. The training plan should specify for each training need:

* What needs to be achieved (The Objective)

* Why it is important (Impact on the business if not done)

* Who needs training (Identify specific individuals or groups)?

* When it is needed (Timely training can lead to more effective results)

* Where it will take place (Conducted in house or externally)

* How it will be evaluated (Desired changes back at the workplace)

Allocate budgets according to priority and finally present plan in a format that is easy for everyone involved to understand. Communicate and then work the plan.

This is a detailed and comprehensive process. Hence, an ever increasing number of hospitality companies seem to delegate the task of their training needs analysis (TNA) as well as their whole training to hospitality training specialist consultants, hence saving themselves time, money and resources.

References: https://www.mb-hospitality.org/HospitalityTraining.html
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About Author
Both Oleg Potemkin & Maxwell Best are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Oleg Potemkin has sinced written about articles on various topics from Travel and Leisure, Cover Letter and Real Estate. Article by Oleg Potemkin, Founder of Elite Digital Signs LLC, a digital signage company from Honolulu, Hawaii, USA. Elite Digital Signs offers innovative
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