Hospitality industry expansion is being fueled by alternatives
By
Prakash Shukla, Founder, Managing Partner at Wayfare Ventures | 28 Dec 16
The hospitality industry is undergoing seismic changes with consolidation and disruption. Prakash Shukla
believes the industry is at a crossroads of significant disruptive changes, being driven by new business
models and technology. He outlines the macro environment driving the industry, some recent transactions
and then possible opportunities particularly in hospitality space. Clearly, before asset allocation, one needs
to have deep domain expertise, he believes. It is only then that one can identify opportunities where new
processes, models, technologies can be used to access new markets, inculcate efficiencies, or create a
complete new paradigm shifts.
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About Hospitality Financial and Technology Professionals (HFTP)
HFTP is the professional non profit association for financial and IT personnel working in hotels, resorts, clubs, casinos, restaurants, and other hospitality-related businesses. The association provides continuing education and networking opportunities thousands of members and stakeholders globally. HFTP also administers the examination and awards the certification for the Certified Hospitality Accountant Executive (CHAE) and the Certified Hospitality Technology Professional (CHTP) designations. HFTP was founded in 1952 as the National Association of Hospitality Accountants. HFTP owns and produces several global products including the Hospitality Industry Technology Exposition and Conference, HITEC, Pineapplesearch.com, HFTP Club Summit, HFTP Club Forum, and the Uniform System of Accounting for the Lodging Industry (USALI). HFTP has offices in Austin, Texas, USA, Hong Kong, SAR,, and Dubai, U.A.E.
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