While revenue management solutions have been available for over twenty-five years, the category hasn’t enjoyed mass-market appeal, with less than 15% of the global hotel market using revenue management technology.
Airbnb is a leading supplier in the fast-growing alternate accommodation category,
Real-time analysis of hotel booking pace and pickup usually requires a revenue manager to be logged into their PMS or another desktop application. Today’s hotel consumer has the ability to compare multiple hotels and book from their mobile device. Hoteliers should have a revenue management system that is available on-the-go via a mobile
One of the biggest industries that have seen a shift because of technology is that of news. With social media having become the new norm, news spreads faster than ever.
“In manufacturing, you’ll start to see robotics become more sophisticated and able to seamlessly participate in key functions," Chris Wiegand, CEO of Jibestream
t the end of the day, none of this is new. Technology has always changed the world, often for the better. Innovation by entrepreneurs and their undying urge to do better have done everything from giving us electricity in our homes to sending men to the moon. Why should the 2000s be any different?
Two-thirds of guests want to check in on their smartphone
Mobile check-in is also a good way to get customers using your app, which allows you to promote your hotel and make it easier for your customers to connect with you when they want.
It’s 3.5% of the hotel’s budget, according to the report.
So when you charge extra for Wi-Fi, you may enjoy a nice stream of revenue, but you should take a hard look at whether you’re leaving a lot of money on the table in the form of guests you lose because of it.
This Article tackles the unknown truths of hospitality and information technology. It shows the trends, and how to view these changes the same way consumers do