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total cost of ownership

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total cost of ownership

total cost of ownership

Where Should Hotels Start When Budgeting Tech for 2023?

Steve Lapekas | October 6, 2022

Why Total Cost of Ownership (TCO) is one of the most important metrics when it comes to hotel technology and how to lower it without sacrificing best-in-class system capabilities or service By Steve Lapekas, Chief Operations Officer and EVP, Business Development for Above Property Services (APS) For the sake of this article, let me introduce you to a hypothetical young couple who, after four years spent living together in a rented condo in the city, plan to purchase their first home together. After meeting with their financial advisor, they’ve determined a comfortable budget that considers their combined income and monthly spending ha...

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