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tgore002

E Commerce - Changing Business Trends - 0 views

  • Organisations were traditionally product oriented. With times and changing environment they grew to understand and appreciate the need to be Customer centric and Customer relationship management became a key focus area.
  • Business Managers of today are living in challenging times. Business targets had never been stiffer, work pressure and managing the complexities of competition is keeping them on their toes all the time. Today, success or failure of a business and the Organisation is dependent wholly upon the Organisation’s ability to be flexible and to respond to the external changing environment. Only those who are able to adapt to the changes and those who are able to assimilate and learn from tomorrow’s technology are able to run the race. Digital technology has changed the rules of business game.
chern331

SevenRooms Introduces 7X, the First-of-its-Kind Marketing Automation and Guest Engageme... - 0 views

  • Today, SevenRooms, the all-in-one reservation, seating and guest management platform, announces the launch of 7X, the industry's first-of-its-kind marketing automation and guest engagement software
  • The new software rolls out today with four components: Guest Satisfaction, Automated Tagging & Segmentation, Email Automation, and Experiences & Special Offers
  • In a world where 70% of diners never come back, 7X's ability to boost repeat visits will be immediately felt on operators' bottom lines, with research showing that it is 7 times more cost effective to retain an existing customer than to acquire a new one – and that increasing retention rates by just 5% can increase profits by upwards of 95%.
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  • "With 7X, we get insights from aggregated reviews, can auto-tag guests based on parameters we set, and segment and market to these guests automatically on a wide range of campaigns and events. Most importantly, we can continue to build direct, deeper personal relationships with them that will keep them coming back for years to come.
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    SevenRooms establishes 7X, a marketing and guest engagement platform for restaurants. The software is composed of four aspects: guest satisfaction, automated tagging & segmentation, email automation, and special offers/experiences. The software monitors guest reviews on all platforms including Yelp, Google Reviews, etc. The software sorts through guest profiles and qualifies them as "first time", "VIP", and anything in between. It also automatically sends e-mails to customers, depending on their quantification and last time dining.
agarc521

Digital Technologies Transforming the Hospitality Industry - Future of work - 6 views

  • Our travel preferences are changing these days. We have started to look out for more casual local experiences - learning about the culture and interacting with local people as part of our vacation (think AirBnB’s success). This is especially true with millennials- who crave authentic and unique experiences as 78 % of millennials prefer to learn something new when travelling. The proliferation of digital consumer hardware and software have also raised the bar. Travelers are now expecting more value and enriched experience from their travel journeys.  
  • The result, a number of companies in the hospitality industry are embracing new technologies to provide value add experiences to keep pace with growing expectations. In this respect, the following key trends are emerging:
  • 1. Personalization by using predictive analytics:
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  • 2. Integrating wearable technology and sensors:
  • 3. Providing rich travel related multimedia content:
  • 4. Leveraging social media:
  • 5. Artificial Intelligence:
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    Traveling is becoming a popular trend. People love to visit new locations around the world and are expecting a high quality level of technology. The more people travel, the higher their expectations become. The new technology trends being offered in the hospitality industry include wearable technology and sensors. Guests are able to check in and have a key-less room entry with an apple watch or something similar. Rooms are equipped with sensors for lights, an app to adjust room temperature as desired, TV voice recognition, digital news papers, and much more. Another important aspect of technology in the hospitality industry is providing rich travel related multimedia content. People like to use apps or websites such as Yelp, Youtube, or trip advisor to offer travelers suggestions and real life user experiences and reviews. Thus, providing such brands a way to create significant relationships with their current and future customers. Hotels encourage their guests to use social media to share their experiences. Yelp and swarm allows people to check-in and be rewarded for visiting the locations, by offering a complimentary cocktail, appetizer, and so on. In addition, Hotels encourage their guests to hashtag their stay. Robots are entering the hospitality industry, from serving foods, carrying luggage, and acting as hotel receptionists. You will be able to find this in the Henn-na Hotel in Japan.
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    Brands can now differentiate themselves from their competitors through the effectiveness of digital technologies such as sensors, robotics and mobile which provide a unique experience for customers. Sandals for example, uses key card sensors to door guest doors and customers are able to control the smart TV programs with an app on their phone. In addition, we uses a predictive system to monitor our rooms forecast as it relates to travel booking per month / year. The article focuses on five common trends: 1. Personalization by using predictive analytics: One example is Kayak, a travel booking site that uses the predictive analytics for their price forecast. 2. Integrating wearable technology and sensors: Hilton Worldwide and Starwood Hotels integrated Apple Watch in their business operation to enable mobile check-in, keyless room entry and special request. 3. Providing rich travel related multimedia content: Customers are able to review valuable information about their destination through various social channels such as YouTube, Instagram, Twitter, blogs and other websites. 4. Leveraging social media: Social media channels are allowing customers to share their stay experience at a resort and plus give rewards points and discount offers. Marriott Hotels for example, has a PlusPoint reward system. (https://sourceable.net/hotel-design-trends-for-millennial-guests/) 5. Artificial Intelligence: Businesses are using Anybots and Roboceptionist to replace receptionists. (http://www.otrams.com/blog/innovations/artificial-intelligence-in-hospitality-industry/).
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    This article written by Sharma, is providing a brief explanation of how new technology is taking over the hotel industry. From Apple watch room entry, to robots now taking over luggage and receptionist duties, technology is quickly becoming the essence of the hotel industry. Having a successful hotel is now measured by the level of technology associated with that hotel.
mitchlaferriere

Vizergy® Digital Marketing System Technology Stack Selected for Case Study by... - 0 views

  • Peak 10, the industry leader in IT infrastructure and security, highlights Vizergy's successful partnership in new case study. Vizergy provides stability, reliability and security to hospitality clients by combining proven digital marketing strategies, best-in-class marketing tools and their proprietary, cloud-based marketing system, hosted and supported by Peak 10, one of the nation's most advance data centers.
  • Vizergy has worked with Peak 10 for over ten years to consolidate IT environments and deliver high-performance, reliable access that drives business results. Backed by sophisticated technology and extensive support, Peak 10 helps enable Vizergy to provide the most reliable digital marketing, management and ecommerce system in the hospitality industry.
  • Vizergy's Digital Marketing System (DMS) is a true demonstration of client-focused innovation. This proprietary system enables hoteliers and hospitality professionals to easily and efficiently maintain their property websites, monitor social media, manage online reputation, deploy email campaigns and evaluate site performance from a single easy-to-use system. With personalization capabilities built into the DMS, clients can deliver tailored messaging that will be most relevant and personal to each individual site visitor.
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    Vizergy has quickly become an industry leader in eMarketing techniques and methods, as highlighted by their relationship with one of the fastest growing, most advanced data centers, Peak 10. Vizergy's proprietary cloud-based, hospitality focused marketing system has created proven strategies that set the pace in a fast-moving digital age, where time is truly of the essence. Its systems allow hoteliers and hospitality professionals to easily and efficiently maintain all aspects of their digital marketing presence. Peak 10's advanced technologies and infrastructure support only further Vizergy's superiority.
yimengliu

Researching Hotel Property Management Systems? Consider These Recommendations | By Jeff... - 0 views

  • Fast forward to today and there is no shortage of next-generation PMS solution providers promising to empower hoteliers with the ability to drive ever-increasing levels of efficiency and effectiveness.
  • Focus on building the guest database.
  • Focus on technology integration.
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  • Focus on revenue management.
  • For a large hotel, the data set may include dozens of customer segments, a dozen or more room types, several years of historical booking and reservations data, and upwards of a dozen length-of-stay types.
  • Ensure that all necessary modules are available.
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    This article is give hoteliers some recommendation of how to use property management system effectively and efficiency in the future. Until today there is no PMS (property management system) solution providers can promise the hoteliers use the PMS that can drive ever-increasing levels of efficiency and effectiveness. Therefore, the hoteliers have to focus on the right direction of the potential buyers. First of all, hoteliers have to focus on building the guest database. We can provide the survey for the customers and reward programs. Hoteliers can easy capture the data from the customer's survey. It's necessary to understand customer's behavior and enhance gusts profiles. By check the comments from customers that hoteliers can further maximize the value of guest relationships. In the end, the business can reach their full potential. Second, focus on technology integration. Technology very important for now, every business use the software for their daily works. Hoteliers have to take advantage of technology and make it easier to bring the third party software add on modules into a PMS. This way can help business minimum hassle and expense. Third, focus on revenue management. Next generation is a key to improve the business revenue management activities by capturing and storing customer's data. Revenue manager have to maintain a large data set. For a big hotel, the data set may include dozens of customers segments, more room type, several years of historical booking and reservation data etc. Next, ensure that all necessary module is available. The next generation PMS should provide more options for manage their hotel or resort facilities. For example, spa management solution, the manager can provide an optional module that customers can make appointment which is easy to manager their business by those new optional modules on PMS.
imontenegro

The Top Technology Trends In Hospitality For 2019 - Minutehack - 0 views

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    Technology is providing travelers novel experiences and interactions. The new technologies include: Artificial Intelligence (AI), Internet of Things (IoT), connectivity, and other technology. Artificial intelligence is currently being integrated into chat bots for phone calls, but there are far greater uses. Facial scanning and voice recognition is starting to gain traction. It offers more secure, faster, ad better customer service. Some hotels have even added Amazon Alexa devices for their patrons. The internet of things features hotel guests to unlock the door to their room using only their smartphone. Blockchain and cryptocurrency transactions eliminate the need for third-party mediators. As a result, hotels that utilize blockchain and cryptocurrency can offer better rates to the consumer without affecting profitability. All of the emerging technology frees up the preexisting staff to provide and maintain excellent customer relationships. "Over the last few years, travelers have been meeting robot butlers and concierges in hotels like Hilton's Connie, powered by IBM Watson AI technology." "SoftBank Robotics' Pepper, a humanoid robot developed with IBM Watson, has been introduced at Munich Airport and Václav Havel Airport Prague, where the robot not only informs but entertains passengers by dancing and offering to take selfies." "Gartner predicts that 85% of customer interactions will be managed without a human by 2020." "At Intercontinental Shanghai Wonderland, face scanners enable guests to verify their identity at check-in, pick up a digital room key and gain access to the dining room at breakfast." "Two Roads Hospitality has partnered with Amazon and Volara to develop a customised Alexa for Hospitality platform that facilitates daily tasks for staff, such as identifying maintenance problems or signaling that a room is ready for check-in." "Luxury hotels like The Plaza New York, Aria in Las Vegas, The Torch Doha in Qa
lderi004

For an Excellent Attendee Experience, Event pros Need to Embrace Event Technologies | M... - 1 views

  • Gone are the days when event planners conducted venue research offline, manually updated registration numbers in spreadsheets, and relied on post-event surveys to measure success.
  • Not only does it empower event planners to be more effective and efficient, it’s also redefining the attendee experience.
  • To achieve this goal, event marketers rely on communicating relevant content to prospects and registered attendees to pique or maintain their interest.
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  • A mobile device, more specifically an event app, can act as an information hub for all things related to the event, including agenda updates, session breakouts, news, and promotions. It can also be used to encourage attendee engagement through proprietary content, peer networking requests, social sharing, and more.
  • registration and onsite check-in go hand in hand. If planners don’t use an effective registration tool with robust data management software, it stands to reason they probably won’t have a smooth check-in process either .
  • Using event management software that has email marketing integrated with prospect and attendee lists, as well as an event app, will give an event marketer an advantage.
  • Start small by selecting one or two metrics, such as technology and its relationship with attendee satisfaction, to track throughout the event’s lifecycle.
  • Evaluate and diagnose the areas where technology can drive improved attendee satisfaction and engagement.
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    I found this article very interesting, as it touched upon certain pros for events to embrace event technologies, such as event registration software. As mentioned in the article, nowadays, nothing is done manually. Therefore, updating registration spreadsheets, or surveys manually just slows down any process. Additionally, if planners do not plan for a good registration tool, or process, they will definitely not have a smooth check-in process. With technology softwares, like event registration, allows for event planners to have a more efficient experience, as well as, for the attendees. Moreover, these softwares even allow for word of mouth, through social network sharing; giving a greater advantage for attendee show up. Overall, with technology softwares events can run much smoother, and also, allow for tracking of attendee satisfaction, in order to find any improvements for future events. Depending on the event, an event software can surely be a win-win for both the planners and the attendees. 
tgore002

Global Distribution Systems in Present Times - Written By: Samipatra Das - HVS Internat... - 1 views

  • Nowadays, more travel is sold over the Internet than any other consumer product. The Internet is a perfect medium for selling travel as it brings a vast network of suppliers and a widely dispersed customer pool together into a centralized market place. Nearly 37 million of America's more than 162-million active Internet users have already purchased travel online. Online travel bookings exceeded $23 billion in 2001, and are expected to reach $63 billion by 2005.
  • These systems have become electronic supermarkets linking buyers to sellers and allowing reservations to be made quickly and easily.
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    The travel marketplace is a global arena where millions of buyers (travel agents and the public) and sellers (hotels, airlines, car rental companies, etc.) work together to exchange travel services. Among the "shelves" on which buyers search for travel services are world's global distribution systems and the Internet distribution systems. There are currently four major GDS systems: Amadeus As the youngest of the four GDS companies, Amadeus has done remarkably well during its short tenure. Yet, in many ways, the company remains an anomaly. Amadeus has the greatest number of travel agency locations with the highest productivity per terminal in the world, yet its booking share is Number 3, and its revenues are dwarfed by Sabre and, to a lesser degree, by Galileo. Galileo Galileo's competitive strengths include market share, well-balanced and global presence, relationships with diverse groups of travel vendors, technologically advanced information systems, highly skilled personnel, and a stable product line. Compared to other GDS companies, Galileo is a cautious follower when it comes to technology. Sabre Sabre's competitive strengths include market position, global reach, stable product line, diversification of revenue streams, and intellectual capital. The Sabre business model is a strong one, and continues to make significant progress in advancing both its electronic travel distribution and its information technology solutions businesses. Worldspan Worldspan has a legacy of industry firsts that are not well known. The company therefore has an opportunity to raise the industry's awareness of its accomplishments and more importantly, its future strategy. Worldspan continues to look at benefits of creating its own consumer brand and has been partnering with different companies to expand the services that it can provide to its customer base.
zxu009

Maximize Efficiency with Smart Bar Set-Up | Quill.com - 0 views

  • Test drive different locations for efficiency and relationship to customers before making final decisions.
Yueyu Peng

Anna McFarland named 2018 Paragon Award Recipient at Hospitality Financial Technology P... - 0 views

  • Anna McFarland, CPA, CFE, CHAE, CHTP was selected as the 2018 Hospitality Financial and Technology Professionals (HFTP®) Paragon Award recipient for her unwavering support of the association and substantial contributions to increase knowledge sharing and promote growth in the hospitality industry at large.
  • McFarland is an entrepreneur and global hospitality consultant that provides relationship-based, boutique-style consulting, internal audits, hotel opening / dispositions and training solutions to hospitality organizations worldwide.
  • McFarland served numerous leadership positions with HFTP on the global and local level.
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  • McFarland contributed her expertise in hospitality finance to help develop the HFTP Global Hospitality Accounting Common Practices (GHACP), a searchable, online database of detailed operating financial reporting practices used at lodging properties around the world.
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    This article is introduce a successful female --Anna McFarland. She was selected as the 2018 HFTP Paragon Award recipient. She is a global financial services veteran with 30 years of finance and performance management
bdolman

Why good human resource management is vital for small hotels - eHotelier - 0 views

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    The article "Why good human resource management is vital for small hotels" focuses on the relationships of high quality service with human resource management. Within the service industry, Human Resources is what creates the company's competitive advantage. Businesses that focus on offering superior customer service need to rely on their workforce to carry out their philosophy. Due to this, the economy of the country in which the business is located is important to take into consideration, since a well educated and motivated workforce stems from the country's economy. Thanks to improvements in technology and globalization, it has become more effective to hire and train staff. While it is true that small businesses have less resources, time and money to invest in human resources, it is still one of their most important assets. According to the article, "The very nature of the industry is to provide hospitality, and that requires the use of HR in delivering proper services. Hence, small- and medium-sized hotels should formalize their HRM practices. Small hotel owners or managers should be more willing to involve further formality in their firm's HR practices, since an 'adequate' level of formality does positively relate to performance". The advantages in Human Resource Management are endless, and as a result, all types of businesses, regardless of their size should value this scope.
ketie005

Hospitality Net - The Scoop on Next-Generation Hotel Property Management Systems | Jeff... - 1 views

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    This article talks about how property management systems have changed over the years. Previously the main purpose of the PMS system was focused on back-of-the-house functions like guest registration and housekeeping. Now some PMS systems are equipped with everything from the ability to automate transactions with travel agents to in-room entertainment. These systems are enabling hotels to better serve their guests. Typically full-service hotels and resorts would require more complex PMS systems, but smaller select-service could manage with simpler systems. The overall goal of a PMS system is to increase profitability and RevPar. These new systems are more streamlined across all operations, which enables hotels to meet their goals.
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    "Today's systems now generally include channel management capabilities, including a web booking engine and global distribution system connectivity to automate transactions with booking agents. Many systems now integrate with third-party technologies like point-of-sale (POS) software, accounting software, keycard and access control systems, self-service kiosks, internet and telephone systems and in-room refreshment (minibar) and entertainment applications. Some systems now come with marketing and sales tools for creating targeted promotions and campaigns based on individual guest profiles, behaviors and preferences. Some systems also include robust data analysis capabilities for generating business intelligence, including insights into emerging trends. Built-in customer relationship management features can help engender higher levels of guest satisfaction, which invariably leads to not only more repeat stays but also a larger volume of positive brand advocacy - e.g., favorable reviews on TripAdvisor and other popular sites - ultimately translating into increased hotel occupancy rates and revenue per available room (RevPAR)." This article explains the advancement of PMS systems in contrast to the traditional POS software and its limitations. Todays PMS systems offer not only booking capabilities but operational room features as well. Market capabilities are now also available directly from these new PMS system which were previously handled elsewhere.
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    My article was very interesting and it was about the evolution of hotel PMS over the past 10 years. Early generations of hotel property management system only had the necessary features and functions like room inventory maintenance and housekeeping assignment. But now some PMS have been developed to meet the end-to-end needs of modern day lodging properties in ways that could be difficult to imagine a decade ago. Some systems now even come with marketing and sales tools for creating targeted promotions and campaigns based on individual guest profiles, behaviors and preferences. With the help of technology, property management systems for hotels have great opportunities to be improved because the goal of every software should be to provide the best service for the guests based on their information.
lderi004

The Disadvantages of Computerized Accounting Systems | Bizfluent - 0 views

  • But it’s easy to become excessively reliant on computerized accounting and to overlook the potential pitfalls of allowing a machine and a software program to store all your data and calculate essential numerical relationships.
  • Although computerized accounting systems use technology to calculate sums and store information, this data must be entered by humans, and these humans must be trained
  • Training staff on software programs can be expensive, and knowledge needs to be updated regularly because computerized accounting systems change, sometimes every year.
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  • Virtually every aspect of a computerized accounting system is costly.
  • You may also have to shell out funds for repairs, or hire professionals for training, custom software or to untangle especially complex mishaps.
  • Computerized accounting systems are vulnerable to cyber security issues.
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    As this week we are talking about electronic accounting systems, I found this article on the disadvantages of computerized accounting systems to be rather interesting. As mentioned in the article, many companies tend to become too reliant on computerized systems, which leads to them forgetting about the negative outcomes that may arise from using such systems. These disadvantages include high cost, from training staff to repairing/replacing the electronic systems. In addition, like any cloud-based system, a computerized accounting system can also make a company vulnerable to cyber security issues, such as hacking. Overall, while very advantageous, computerized accounting systems still have certain risks companies must address before deciding whether, or not to use them. 
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    I believe you found a very interesting article on electronic accounting systems. Even though the tendency is all about the positive aspects on electronic accounting systems, I enjoyed reading the perspective on this article which focuses on its drawbacks. Companies need to evaluate whether this investment is functional for them and weight the pros versus the cons. Additionally, the information on an electronic accounting system is sensitive, and it can make the company vulnerable to hacking and data breaches. These are very important points for managers to take into consideration while finding the right accounting system for them.
aquaholic1371

The Hospitality Industry Is Getting a High-Tech Makeover - BizTech - 1 views

  • Building and maintaining strong customer relationships is crucial for long-term success in the hospitality industry. To seal customer loyalty, hospitality businesses of every type can now take advantage of a wide range of affordable, easy-to-deploy technologies that result in a competitive advantage and meet guest expectations for quality, value, promptness, responsiveness and flexibility.
  • "Today, technology is enabling the industry to offer guests an immersive, personalized experience like never before, from wayfinding and push notifications based on their location and personal preferences to simplified check-in/checkout and a more 'homelike' experience while they're traveling,"
  • "Technology is no longer just about infrastructure; it is a true enabler for offering the traveler a 'wow' experience in every step of their journey."
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  • "Mobile apps, combined with loyalty rewards programs, now allow hospitality providers to create a persona-based experience,"
  • Regardless of the communication channel — mobile app, website or social media — hoteliers must ensure they provide relevant and meaningful information to guests. Developing the right engagement approach requires both careful planning and insight.
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    Hotels are using IT information to "maximize" the guest experience.
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    "Big Brother is Watching", but in a good way. Hotels are now using guest information to "personalize" their stay. Let's face it, technology is here to stay whether we like it or not. How businesses choose to utilize this technology could be the "key to their success or failure". Hoteliers must now sift through a mountain of information with regards to guest satisfaction. We live in a "microwave" world, and we want results now, faster is better. Hotels must continue to gather information on guest preferences, but utilize this information carefully. Businesses must walk the fine line between excellent service and "stalking".
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    It is interesting what technologies customers latch onto when traveling. The big fancy technology typically does not wow the guests as much as you would thing. It is actually the tiny details they notice more in terms of technology. My hotel is very technologically advanced and was built with the new technology implemented by our brand, The interesting thing that everyone notices though is the usb connectors in every outlet.
berkley7

HITEC 2001 - Hospitality E-Business - The Future by by Roger S. Cline and Dr. Mark Warner - 0 views

  • Hospitality e-business is not only here to stay, but destined to play an increasingly significant role in the way the hospitality business is conducted in the future.
  • Technology is also forcing out distribution inefficiencies with a significant impact on the travel industry's intermediaries and their traditional business models. It is also reducing transaction costs (the interactions between people and functions) within companies. In the future, successful companies will likely tend to specialize in one or two, but not all three, of the key elements of all businesses: customer relationship management, infrastructure (back office support) and product innovation.
  • Despite the surprisingly high general levels of connectivity in the industry, however, only 58 percent of reporting organizations have a formal e-business strategy.
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  • Chart 6. E-Business activity is projected to nearly double over the next three years.
  • One of the principal attractions of online distribution for hospitality companies is the opportunity to reduce the high costs of distribution that such companies have historically faced. Between travel agency commissions, GDS fees, switching costs and the costs of a central reservation system, hospitality company executives have complained for years about the onerous costs of their multi-faceted distribution systems.
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    The following article reviews the hospitality E-Business as well as the industries "E-profile". It was interesting to read how the article breaks down the realities of the new millennium and what it has brought to the table for the entire hospitality industry. It is vital for the hospitality industry to be available to evolve with the current technological trends and innovations. The article reviews how e-business has removed the traditional barriers to commerce; for example, time, distance and physical location. The future for "Web-enablement" within the industry has major potential and will soon be implemented. Ex; virtual tours, guest history and loyalty programs, sales force automation, etc.
mkim001

Marriott and Alibaba Partner to Reach Millions of Chinese Travelers - 0 views

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    This article emphasizes the fact that Chinese consumers is thriving in outbound travel. The number of people in China traveling is expected to increase from the current number of 150 million trips to 700 millions trips in the upcoming five years. With its significant growth, Marriott is taking extra measures to capture the eye of the interest of Chinese travelers. The Chinese e-commerce giant, Alibaba Group and Marriott declared a joint venture with their main purpose of building guest loyalty and uplifting the traveling experience for the Chinese market. With the increased income for the average Chinese middle class, traveling to the United States and Europe has become popular. Therefore, enabling "Alipay" through Fliggy (which is Alibaba's travel service platform) assists Chinese consumers to conveniently access digital pay for their trips. This particular venture was a huge stepping stone in forming the relationship with the known e-commerce company. Particular information pertaining to Chinese travelers, such as favored promotions, programs, and content also became more accessible to Marriott as this venture launched. Marriott's owners as well as franchisees are expecting to grasp these information to seize an ever growing Chinese travel market. Although Alipay is only available in certain Asia-Pacific hotels, it is expected to expand to the U.S. markets as well as the European market. Easy to use technology will aid in all steps of the booking process, starting from planning, booking, to paying and even managing a particular trip. Additionally, for Chinese consumers, Alipay, as mentioned above, is the main method of payment for Alibaba. 80% of e-commerce is made in Alibaba. Finally, this joint venture also enhances a crossover loyalty program feature. Through Marriott and Alibaba's loyalty program, point will be exchangeable and redeemable to further enhance consumer satisfaction.
rnobl005

Booking Holdings Buys Activities Distribution Startup FareHarbor - Skift - 0 views

  • Booking Holdings Buys Activities Distribution Startup FareHarbor – Skift
    • rnobl005
       
      Module 3: Networking (Rebecca Noble) I came across this story a few weeks ago and thought it made sense to post about this week as it has to do with e-commerce. Booking Holdings' recently purchased a start up called FareHarbor in what is speculated to be a $300 million deal. FareHarbor is a reservation system designed for tour operators to distribute and sell their products online. Booking Holdings used to be known as the Priceline Group - the company now owns Booking.com, Priceline, KAYAK, OpenTable, and a few other tourism related brands. The idea is that customers buying a hotel room in Paris who know they want to take a tour of the Eiffel Tower can package those two purchases together. This deal is evidence that travel corporations are making a big push to be full service agencies and e-commerce plays a big part in the ability to do so. The article cites a few other similar deals, specifically Expedia.com partnering with a restaurant reservation platform called, Reserve (reserve.com/about). It also talks about Airbnb's own tour offerings, which they call Experiences. There are many other companies similar to FareHarbor that allow tour operators to sell their products online, many of which specialize in a specific geographic region. As such we may see large corporations like Booking Holdings buy these smaller companies so they have tours in popular destinations worldwide.
  • Booking Holdings said Thursday that it will acquire U.S.-based, experiences booking-software provider FareHarbor.
  • The FareHarbor acquisition will help provide content to expand Booking.com‘s upselling of consumers on tours after the consumers have already bought another product from the online travel giant.
    • rnobl005
       
      Booking Holdings will utilize the tour excursions supported by the FareHarbor software as an upsell when customers are purchasing other products on Booking.com.
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  • The price tag could be relatively “hefty” — as in more than $300 million — speculated one source who is knowledgeable about the tours and activities sector.
    • rnobl005
       
      $300 million is a HUGE price tag. I think this purchase is a significant statement on the importance of e-commerce in the tourism industry.
  • Both deals — FareHarbor and Reserve — accentuate an accelerated focus on in-destination activities, whether they are visiting a hot restaurant or tours and attractions.
    • rnobl005
       
      Reserve is an e-commerce software system used for restaurant reservations. They recently made a deal to become the exclusive restaurant reservation provider for Expedia.com.
  • Airbnb officials recently said that they plan on being in 1,000 cities with their Experiences product by the end of this year, and they project profitability in Experiences by 2019.
    • rnobl005
       
      In addition to offering local places to stay, Airbnb now offers tours, or what they call "Experiences." I've heard mixed reviews about this service. They spin it as touring the city you are in with a local guide. But that guide could legitimately mean any person off the street. Guides that lead tours and excursions through legitimate tour operating companies have way more experience and depending on the city they are in have to pass some sort of certification examine to lead tours.
  • The purchase denies TripAdvisor’s Experiences unit a chance to enhance its relationship with suppliers and to make the end-to-end technology experience more seamless between suppliers and consumers.
    • rnobl005
       
      TripAdvisor is a competitor of Booking Holdings, so this deal can be seen (according to the author of the article) as a defensive tactic to control the market.
  • Notable players in B2B tech include Bokun, Musement, Once There, Palisis, Redeam, Regiondo, Rezdy, Rezgo, Tiqets, TourRadar, TrekkSoft, Trip.me, and Veltra.
    • rnobl005
       
      This are all companies similar to FareHarbor that support tour operators in various parts of the world. The majority of Rezdy's tour inventory, for example, is in the Asia Pacific region. With so many individual companies offering similar services I can see large companies making a move towards purchasing smaller companies to expand their reach geographically.
  • FareHarbor debuted a predictive pricing platform powered by artificial intelligence to help operators select optimal rates for activities.
    • rnobl005
       
      Having worked for a tour operator I can see why this is a super lucrative tool. Tour pricing adjusts seasonally based on when the destination is in peak season. Having AI tell you when to adjust the price on your product is a vast improvement operationally because you don't have to dedicate the time to monitoring sometimes thousands of tours by hand.
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    Module 3: Networking (Rebecca Noble)
wvald012

Mobile Marketing: How Are Consumers Reacting? - 1 views

The article focuses on the expansion of the retail mobile marketing. It talks on the adoption by the travel industry of the mobile marketing. It mentions the continuous influence of social media on...

http:__eds.b.ebscohost.com.ezproxy.fiu.edu_ehost_pdfviewer_pdfviewer?vid=7&sid=a3ede7e6-43d5-4785-aeee-2074a51ad33a%40sessionmgr104

started by wvald012 on 14 Jun 18 no follow-up yet
rnobl005

Uber Eats Doubles Down on POS Integration with orderTalk Acquisition - 0 views

  • Uber Eats Doubles Down on POS Integration with orderTalk Acquisition
    • rnobl005
       
      Skift published this article about a month ago. It's a really interesting to see how POS technology is impacting new industries. In this case the focus is on Uber Eats. The company acquired a Dallas-based company called orderTalk, which specialized in POS integrations. Liz Meyerdirk, head of business development for Uber Eats, said that this move aligned with their strategy for two reasons. Integrating this technology reduces errors for the restaurants people are ordering from and improves the workflow at the restaurants themselves. orderTalk's software already works with 10 POS providers and most payment processing vendors, making it a valuable resource for Uber Eats to tab into. Ideally, Uber Eats will see operational improvements and increased profits as a result of the move.
  • technical integrations better manage restaurant workflow. Instead of requiring a middleman, orders are quickly fed to the kitchen display monitor or ticketing system.
    • rnobl005
       
      Cutting down on the time it takes to start an order means a shorter delivery window. Uber Eats will build customer loyalty as a result of this action.
  • restaurants are asking for ways to reduce errors, and an employee manually entering orders from an Eats-connected iPad into the restaurant’s system leaves room for plenty of human error
    • rnobl005
       
      Until reading this I didn't even realize that this is how my order went from my phone to the restaurant. I assumed my order went directly into the system.
  • ...3 more annotations...
  • Uber Eats announced it has acquired orderTalk, a Dallas-based restaurant technology company with technology and expertise related to point of sale (POS) integrations, according to the company.
  • orderTalk, founded in 1998 and launched as a software as a service company in 2004,  integrates with more than 10 of the leading POS providers and most major payment processing vendors
  • Top Uber Eats competitor Grubhub already integrates with several leading point of sale systems, and CEO Matt Maloney has cited the company’s technology as a main reason it was able to land an exclusive partnership with Yum Brands’ KFC and Taco Bell restaurants.
    • rnobl005
       
      Uber Eats has a similar relationship with specific McDonalds franchises across the US.
asant318

The Future of Hospitality: PMS & the Rise of New Technologies | HospitalityTechGuru - 0 views

  • Without a reliable hotel system, Hotel supervisors and other staff would spend the majority of their time stuck in heaps of reports or attempting to discover their way through in a pack of Excel sheets
  • take full advantage of Hotel software, you have to integrate it with new technologies that are changing the hospitality business.
  • You will have a total perspective of your guests, knowing precisely what they expect, enabling hoteliers to adequately deal with pricing, promoting, segmenting according to demand
  • ...9 more annotations...
  • You can incorporate your Hotel PMS with a POS, CRM (Customer Relationship Management) framework, CRS (Central Reservation System), Payment gateway, Revenue Management System, Sales, and Catering System, Wi-Fi, Mobile Check-In Check-Out program, door lock, accounting system etc.
  • The most widely recognized AI application in the hospitality business is chat-bots
  • Mobile innovations are crucial for the fate of hospitality business
  • Empowering hotel guests to consistently utilize their smart phones for all available in-room services is the thing that can definitely enhance their hotel experience
  • mobile access to hotel PMS is essential for your staff also,
  • They can get to your hotel PMS from anyplace and take orders, charge each in-room service, manage housekeeping, manage restaurant service
  • WhatsApp Business
  • new advancements offer incredible opportunities for making a ultimate guest experience.
  • The eventual fate of hospitality definitely goes way beyond a hotel PMS, yet hoteliers ought not just look beyond it, but instead connect it
  •  
    The article talks about the increased innovation in PMS and hotel systems overall and how technology is necessary to meet guest expectations. The integration of all hotel systems including the PMS allows for an enhanced guest experience. Hoteliers will have a better perspective of their guests and be better able to anticipate requests and manage pricing etc. A suggested new technology in the article is artificial intelligence chat-bots that can respond and assist with customer inquiries. Additionally the use of mobile is a tool that can empower hotel guests to communicate with the property the same way they use their smartphone for so many other activities. With the proper mobile integration with the PMS a guest could order room service to any location on property, view media and make requests. A combination of highly integrated PMS and hotel software with top notch customer service will provide an exceptional experience that will exceed guest expectations.
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