Posts by day

October 8, 2024

52 posts
View Post
  • 3 min

Rethinking Cash: How Smart Payment Strategies Can Elevate Hospitality Businesses

💰 The Cash Chasm Report indicates that 48% of hospitality businesses still manage cash manually, costing over $300,000 annually on security, and losing nearly $23,000 due to handling errors. To combat this, 35% of businesses encourage electronic payments, and similar percentages adopt regular staff training (35%), cash handling audits (32%), and stricter protocols (30%). CashTech, integrating hardware and software, is presented as a solution for real-time cash management, aiming to reduce costs, errors, and increase operational transparency, ultimately enhancing customer experience.
View Post
Share

Dave and Buster’s, District Taco, Dine Brands, Teriyaki Madness and Wingstop Named Finalists for Hospitality Technology’s MURTEC Breakthrough Award

📦 Potbelly Sandwich Works, Brooklyn Dumpling Shop, and Mamma Ramona's won Breakthrough Awards in 2023, with Taco Bell and Border Foods, Checkers and Rally’s, and bartaco in 2022, and Little Caesars, El Pollo Loco, and Amara at Paraiso in 2021. Dave & Buster’s will discuss their unified commerce platform, District Taco will talk about tech stack transformation, Dine Brands will share IHOP's AI integration, Teriyaki Madness and Wingstop will reveal their tech strategies at the MURTEC Executive Summit. Hospitality Technology reaches over 16,000 executives and is published by EnsembleIQ, based in Chicago.
View Post
Share
View Post
  • 2 min

Dave and Busters, District Taco, Dine Brands, Teriyaki Madness and Wingstop Named Finalists for Hospitality Technology’s MURTEC Breakthrough Award

📝 Recent winners of the Breakthrough Award include Potbelly Sandwich Works, Brooklyn Dumpling Shop, and Mamma Ramona’s in 2023; Taco Bell and Border Foods, Checkers and Rally’s, bartaco in 2022; and Little Caesars, El Pollo Loco, Amara at Paraiso in 2021. Hospitality Technology (HT), reaching over 16,000 hospitality executives, covers IT's role in improving performance for hotel and restaurant operators. It is part of EnsembleIQ, based in Chicago, and offers events like MURTEC and resources like the Restaurant Technology Network (www.restauranttechnologynetwork.com).
View Post
Share
View Post
  • 4 min

Mastering the Art of OTA Visibility: The Key to Unlocking True Hotel Profitability

💸 Over 73% of hotel bookings come through Online Travel Agencies (OTAs) like Booking.com or Expedia, with 75% of clicks going to the top 15 listings on the first OTA page. Achieving high visibility on OTAs is vital but requires a deep understanding of ever-changing algorithms that consider factors like guest reviews, content quality, and market trends. Bart-Jan Leyts, CEO of Otamiser, launched the OTA ranking management platform in 2022, focusing on strategic ranking optimization to drive revenue in the hospitality industry.
View Post
Share
View Post
  • 2 min

Choice launches design package to streamline extended stay hotel conversions

📌 Choice Hotels International introduces ‘Lobby in a Box,’ a design solution for extended stay hotel conversions, aimed to transform public areas within 120 days for Suburban Studios and MainStay Suites brands. The solution allows for the creation of multifunctional spaces, capitalizing on the demand for extended stay options where supply is scarce. Since the spring of 2022 launch, Kitchen in a Box has been implemented in over 30 hotels, with six more projects underway, incorporating Lobby in a Box for renovations.
View Post
Share