Innovation

📈 In San Francisco, on May 1, 2025, Hospitable, a property management software company, announced the launch of its dynamic pricing tool. The tool, first in the industry to be built-in with no extra fee, aims to assist 57.2% of hosts who aren't meeting occupancy goals and 28.9% struggling with pricing. It offers real-time pricing recommendations based on trusted market data and allows hosts to tailor their pricing strategy. Users receive a 30-day preview of pricing trends, with a one-time offer of a 24-month preview without activation. Available to all Hospitable customers, the tool is part of the company's evolution into a short-term rental super app, with the full industry report to be released the following week. Hospitable, launched in 2016, has processed $4.6 billion in reservation income in 2024.

💾 Hospitable, a property management software, launches a proprietary dynamic pricing tool designed for hosts and property managers to automate rate-setting and respond to real-time market trends. The tool, embedded in the platform, is the first in the industry to be included without an additional fee. New data shows 57.2% of hosts struggle to meet occupancy goals and 28.9% face difficulty managing pricing. Hospitable’s dynamic pricing offers a 30-day pricing trend preview and a one-time 24-month insight access for the first month post-launch. The tool is available on Host, Professional, or Mogul plans from today. Hospitable was launched in 2016, providing a suite of services including AI messaging automation, rate optimization, and built-in payments for direct booking websites.

💾 Hospitable, a property management software, launched its built-in dynamic pricing tool aiming to aid hosts and property managers in increasing revenue by automating rate-setting and responding to market trends without extra charges. Data reveals 57.2% of hosts struggle with occupancy goals; 28.9% find pricing management difficult. The new tool provides real-time, hyperlocal pricing recommendations, utilizes market data, and allows customization of strategy. A 30-day pricing trend preview is standard, but a one-time offer grants access to full 24-month insights immediately post-launch. This release further positions Hospitable as a short-term rental super app, offering diverse business solutions. Pierre-Camille Hamana, CEO, emphasizes the tool's intuitive design and accessibility on any of Hospitable's plans. The full industry report is slated for release next week, while the dynamic pricing tool is available now, reflecting Hospitable's evolution since 2016 from PMS to a comprehensive toolkit for property management.

📈 Arabian Travel Market (ATM) 2025, set from 28 April to 1 May, expects 55,000 attendees and features over 2,800 exhibitors from 161 global destinations. Visitor registrations soared by 104% from the previous year. Cassie Kozyrkov, ex-Google AI expert, and John Duffield, futurist, will speak on AI's impact on travel. A 30 April panel will address AI ethics with Robin Lawther of Expedia. Travel tech exhibitors increased by 25%, indicating a $10.7 billion industry opportunity.

🏨 With a projected 9.35% CAGR from 2025-2030, the extended-stay hotel market is expanding, with room construction up 8% in 2024. Natural disasters like the North Carolina flood affecting over 200,000 people and the California fire that destroyed 11,000 homes have surged temporary housing demand. To maintain affordability and maximize profitability, operators turn to prop-tech for efficient service. Energy management solutions, virtual concierge services, robust Wi-Fi, and remote management are key prop-tech investments for cost-saving and quality service without increasing staff.

📌 RMS, a hospitality platform, partners with Right Revenue to offer real-time data integration for independent hotels. The collaboration enables smarter pricing and accurate forecasting, promising less than 2% margin of error in daily forecasts two years ahead and potential double-digit revenue growth. The integration offers automated pricing and customisable, real-time reporting on key business KPIs, allowing hoteliers to adapt quickly to booking trends and optimize revenue, similar to larger hotel chains' strategic rate strategies.

🛒 The Growhub's Chief Innovative Officer, Aaron Loo, advocates for blockchain and AI-powered analytics to forecast demand and align supply, minimizing over-production and waste by tracking food distribution in real-time. World Health Organization statistics reveal nearly 1 in 10 people globally are affected by food-borne illnesses annually, resulting in approximately 420,000 deaths. Blockchain enhances traceability for quicker contamination source identification and food recalls, mitigating health risks.

📡 Hyper-customization in hospitality is about personalizing guest experiences, a trend widely adopted in recent years. It involves tailoring aspects such as welcome experiences, room settings, and services, but true hyper-customization is challenging to achieve. Challenges include time constraints, labor intensity, human error, fragmented systems, training gaps, and operational inconsistencies. RoomChecking offers a solution by automating operations, integrating Property Management Systems (PMS) data, and streamlining workflows to facilitate hyper-customization for hotels. This approach aims to foster brand loyalty, guest satisfaction, and revenue despite hurdles like scaling, resource limitations, evolving guest expectations, and technological barriers.

🏡 Choice Hotels International’s 69th Annual Convention is taking place at Mandalay Bay Convention Center, Las Vegas, focusing on enhancing Comfort and Country Inn & Suites brands. The upgrades include improved breakfast options, driven by consumer research emphasizing the importance of breakfast in guest experience. A build-your-own breakfast option is piloted for Comfort, catering to dietary restrictions. Country Inn & Suites introduces breakfast sandwiches with Pillsbury biscuits. Prototype enhancements announced in March reduce Comfort hotels' footprint by 1% and add 18 rooms to Country Inn & Suites hotels. Comfort boasts 2,100 hotels with 140 in the pipeline and a 96% brand awareness rate. Country Inn & Suites, acquired in 2022, has 430 hotels, signaling growth opportunities.