Finance, Op Planning & Forecasting

The most successful hoteliers are those who constantly seek to enhance guest experiences and improve operational efficiency. There are plenty of solutions that speak to this, one of which is the hotel kiosk.

The real estate market is constantly evolving, influenced by economic factors and societal trends. Over the years, different real estate sectors have taken turns in the spotlight, with office and multi-family properties often seen as safe and stable investments. However, recent data suggests a changing landscape, with hotel assets emerging as a more attractive investment option. In this article, we will explore how real estate investment in the lodging sector is becoming more appealing.

As rising operating costs remain a top concern, hotel companies face mounting pressure to streamline operations and maintain high standards of guest service. One of the most effective strategies to achieve these goals is by automating back-office functions.

As the hospitality industry continues to digitalize at pace, hotel owners and operators have increasing opportunities to enhance their guests’ experience while optimizing operations.

The debate between “best-of-breed” and “all-in-one” solutions is not new; in fact, the war between these competing ideologies has waged on for many years, especially within the world of hospitality. On one hand, it’s rather easy to make a case for an all-in-one solution – if you can get everything you need, exactly as you need it, in one place, why would you divide and conquer? On the other hand, countless real-life scenarios help to illustrate the limitations of solutions that claim to have it all.

As sustainability becomes a pressing concern for business leaders, companies strive to optimize their environmental protection resources. With spatial design technology, 3D digital twins, and virtual tour software, stakeholders can visualize and plan events collaboratively, remotely, and digitally – paving the way for greener future events. So, what do these benefits look like broken down?

Boutique hotels, known for their unique charm and local character, offer guests something that cookie-cutter chain hotels cannot. These smaller, independent properties have the freedom to design spaces that reflect the culture of their surroundings, provide highly personalized service, and create memorable experiences. Unlike most franchised hotels, owners and operators of boutique properties often have more flexibility in the technology they use. This independence allows boutique hotels to be at the forefront of digital innovation, offering tech-forward experiences while keeping their distinctive charm intact.

There’s a common misconception that the Corporate Sustainability Reporting Directive (CSRD) and the Sustainable Finance Disclosure Regulation (SFDR) are interchangeable or always need to be discussed together. While both regulations aim to enhance transparency and sustainability in business practices, they serve distinct purposes and target different audiences. The CSRD focuses on corporate sustainability reporting, applying to a broad range of companies across sectors. On the other hand, the SFDR is specific to financial market participants and advisers (Figure 1), ensuring transparency in how sustainability risks are considered in financial products. Although they complement each other in the EU’s broader sustainability agenda, their scopes and requirements do not inherently overlap, and one does not automatically necessitate mention of the other. There is never enough myth-busting. Therefore, in this article, I will explain what you need to know about the Sustainable Finance Disclosure Regulation (SFDR).

In the world of hospitality, data has become the secret weapon for hotels looking to enhance efficiency, increase profits, and deliver exceptional guest experiences. Nearly 75% of hoteliers report using some form of data analytics to drive decision-making processes, according to a recent Hospitality Technology study. By leveraging data in key areas, hoteliers will streamline operations, reduce costs, and drive market share.

Mastercard reports that online fraud is 7x the amount​ of card-present fraud. With the rise in ecommerce transactions, combined with the growing threat of fraud in card-not-present transactions, it’s more important than ever to get proactive and creative about fraud prevention.