Much advancement has occurred in the hospitality industry year after year. The transition from the year 2016 to 2017 is mostly inclined towards technological advancements, as technology enables the industry to work efficiently. Check out the hospitality management trends of 2017:
1. Technology continuing to be a major factor
2. The advancement is specified on payment and data security, in-room technology, faster broadband, mobile engagement, etc.
3. Emphasis on revenue intelligence
4. The industry is implementing tools and software’s to accurately estimate occupancy, pricing, and availability in relation to demand and supply of a particular business.
5. Growth in mergers and acquisitions
6. Several international and Indian chains are seen inclined towards growth my merging locally or internationally with small or large brands to expand their horizons and capture as large a market as possible.
7. Use of cashless systems
8. After demonetization in India, the country is typically looking at going cashless, with the extensive use of various applications like Pay-Tm and much more along with the use of EDC machines for card transactions typically attracting small scale businesses in using the same.
9. Direct online booking
10. The demand for applications through which bookings for rail, air, and hotels have been made easy on the go; is the most influential trend in 2017
The use of hospitality software is gaining popularity because of the smartphones, computers and a smarter way of increasing efficiency of day to day operations. The trends mostly incline towards the advancement of hotel software’s India which majorly contributes to increasing efficiency, cutting down costs and providing guests with a better experience.
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