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Tech-Driven Hospitality Trends to Expect in 2024 and Beyond

Revenue Hub

For example, AI can help procurement software compare environmentally friendly and diverse-owned hotel suppliers and monitor outcomes when investing in these businesses. If you’re procuring digital tools, the key is to strike a balance between automation and human touch.

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Uber Eats Up Postmates and PPP Loan Data

Modern Restaurant Management

The OPES team’s capital market experience and real estate expertise, in combination with our existing framework for excellence in everything we do – from procurement, to operations, and our high-performing teams – will accelerate our expansion opportunities and significantly enhance our go-to-market plan.”

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Understanding automation in the hospitality industry

Les Roches

These innovations in hotels range from processes that handle reservations and check-ins to implementing effective marketing strategies, for example, smartphone notifications informing guests about room availability. Examples of such best practice include: Using integrated reservation systems to streamline bookings.

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How to create a business plan for a hotel

Les Roches

Hotel operations Operating a hotel involves meticulous coordination, starting from managing room reservations to supervising staff members. you’ll need a detailed breakdown of overheads such as staff wages, utilities, marketing efforts, and ongoing maintenance.

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Everything you need to know about resort development

Les Roches

Resort development is a complex discipline, requiring meticulous planning, strategic design, procurement, construction, operations and marketing. Forecasts indicate a positive annual growth rate of 4.7% in the global resort industry from 2020 to 2027, driven by the increasing demand for leisure and hospitality services.

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How to Start a Hotel Business

Xotels Hotel Revenue Management

When it comes to favourable circumstances, we could definitely name a few: More room in the job market, making it easier to procure qualified staff. Sales reservation fees. Other Expenses (franchise fees, marketing expenses, maintenance costs etc.). Something that before the crises could not be taking for granted. Royalty fees.