Hotel Technology Resource
April, 9 2024
 
 
 
How Generative AI is Impacting Revenue Management for Hotels
 
How Generative AI is Impacting Revenue Management for Hotels
 
Generative artificial intelligence has been a constant headline-maker in the travel tech world through the past year. So, it's no surprise many industry experts believe the technology has the power to change processes on the whole, including in how hotels strategize - and maximize - their opportunities to drive revenue. Read More
 
Personalization Strategies
Unlocking Hyper-Personalization: 5 Strategies for Leveraging First-Party Data in Hospitality - By Jessie Radcliff
 
Hotels are now leveraging first-party data, advanced technologies, and automation paired with a balance of human touch and cross-team collaboration to tailor email marketing, loyalty programs, and on-property communications to achieve hyper-personalization. This data-driven approach is reshaping the future of the hospitality industry and may be a key to sustaining customer loyalty. I discussed this with my peers in the HSMAI Rising Marketing Leaders Council meeting recently. Here are our 5 takeaways. Read more
 
Google Search
Here is Why AI Search Engines Really Can't Kill Google - The Verge
 
The AI search tools are getting better - but they don't yet understand what a search engine really is and how we really use them. Read more
 
Fraud Risk
Reducing Procurement Fraud Risk in Hospitality With Procure-to-Pay Automation
 
Many hotels are lacking in their procurement due diligence, creating lucrative opportunities for fraudsters. It's estimated that hotels lose between 5% and 6% of their annual revenue due to fraud. Read more
 
Group Booking Technology
Group Sales Technology: Ways It Can Transform Business for Your Hotel - By Elizabeth Smith
 
Are you looking to transform your hotel with group sales technology? The hotel industry, marked by its fast pace and relentless demands, requires modern tools and efficiency to keep up. Every guest experience counts, and equipping your hotel with the right platform isn’t just an investment in technology but in ensuring excellence at every guest touchpoint. Read more
 
Hotel Distribution Strategy
The Future of Hotel Distribution Channels: Seizing Opportunity in Channel Disruption - By Jochen De Peuter-Rutten
 
The hotel distribution channel landscape is undergoing a seismic shift. Online travel agencies (OTAs) that once leveled the playing field for independent properties now dominate, their economic muscle squeezing hotel margins. Metasearch engines commoditize the search experience, making standalone properties indistinguishable. Meanwhile, the growth in alternative lodging threatens hotels' grip on the accommodations sector. Read more
 
Machine Learning
Is Pricing Automation the Future of Revenue Strategy? - By Fernando Vives
 
Think of your pricing strategy getting a smart upgrade - now it's nimble, sharp, and syncing perfectly with the market's beat, all thanks to AI. This isn't a distant dream but today's reality, where AI and human insight converge to craft a pricing symphony, playing the notes of profitability and guest satisfaction in perfect harmony. In this article, we're sailing into the heart of pricing automation, a strategy that blends the precision of AI with the nuanced understanding of a seasoned Revenue Manager. Read more
 
Procurement Services
Strategic Partnership Between FutureLog and Allinvos
 
The two companies allinvos and FutureLog, specialising in digital processes and solutions for the hospitality industry, have entered into a new strategic partnership as of April 2024. Customers will benefit from digital solutions for the entire procure-to-pay process from a single source: from digital ordering to digital invoice processing. Read more
 
Emergency Communications
Should Hotel Elevators Connect to Their PBX Systems? - By Dave Mann
 
While PBX systems utilizing VoIP networks are ideal for general hotel communication, emergency communications paths within the elevator must meet unique code requirements and require special attention as it pertains to risk/liability reduction. Consider these shortcomings. Read more
 
Hotel Booking Engine
Maximizing Hotel Revenue: How Software Solutions Drive RevPAR Growth
 
Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Travel is up, but so are guest expectations. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line. Read more
 
Revenue Management
3 Ways to Leverage Your Hotel PMS Data for Revenue Management Success
 
Data is the lifeblood of your business, and as a hotelier, it's what helps you make informed decisions, stay ahead of your competition, and ultimately, drive revenue. Read more
 

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In Brief...
 

Payment Processing
LodgIQ and Skyware Announce Strategic Partnership and Product Integration to Enhance Hotel Operations

Restaurant POS Software
Tech Advancements in POS Payment Systems Are Game Changers

Cloud-based Hotel PMS
Hotelogix Integrates with Sabre SynXis to Help Hotels Supercharge Their Distribution and Reservation Management Capabilities

HITEC Charlotte
HFTP's New HITEC Technology Investment Conference Takes Shape, Co-located with HITEC 2024

Event Management Software
Tripleseat Announces New Integration with Mews Property Management System

Group Booking Technology
Integrating the Right Hotel Technology to Drive More Group Business - By Elizabeth Smith

Artificial Intelligence
AI is Here. How Can Real Estate Navigate the Risks and Stay Ahead?

Revenue Management
German Hotel Revenue Managers Look to Cash in on Euro 2024

Procurement Services
FutureLog Awarded Prestigious International Standard on Assurance Engagements ISAE 3402 Type I and II Certifications

Artificial Intelligence
How Artificial Intelligence is Redefining Modern Hospitality Procurement

 
 
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