The Internet of Hotel Things
The HOSPA Voice
Carl Weldon, HOSPA CEO, and Wayne Gosden, Professional Development Marketing & Communications, investigate the latest in connectivity. Since Google’s recent acquisition of Nest, the ‘Internet of Things’ (IoT) has been the phrase on everyone’s lips but what is this new phenomena all about?
So what’s changed to make this the current hot topic and a market that will reach a value of $8.9 trillion in the not too distant future?
In short, technology and the internet itself have changed. Bandwidth is growing exponentially with increased pipelines from internet providers and the introduction of 4G to the UK as well as component costs dropping in price rapidly to the point that connectivity is becoming a standard feature, even for processors costing less than £1.
As an example of this increased connectivity, in 2013 there was approximately 1 device connected to the internet per person on earth. By 2020, we expect this to increase to around 9 devices connected to the internet per person (with a population of 8 billion in 2020). Presently, 80 ‘things’ connect to the internet every second but by 2020 we will see this rise to more than 250 ‘things’ connecting to the internet every second!
HOSPA (Hospitality Professionals Association for Finance, Revenue Managementand IT) is a non-profit educational organisation, formed to bring together those hospitality industry professionals involved in Financial Management, Revenue Management and IT. Not only is HOSPA recognised as the UK"s authoritative voice in the hospitality industry on financial management, technical accounting issues, taxation, and hotel valuation, but also as the leading arena for debate on hotel technology developments and issues, and Revenue Management topics, through their prestigious annual HOSPACE Conference and meetings programmes (www.hospace.org) . The membership has expanded to nearly 1,100 members. HOSPA – which has provided an industry specific, hospitality focused programme in Financial Management for over 23 years – has recently introduced a similar programme for Revenue Management. HOSPA is on all major Social media channels especially Twitter on @HOSPATweets. For more information, visit: www.hospa.org