The global hotels and hospitality management software’s market size is poised to grow by USD 1.14 billion during 2020-2024, progressing at a CAGR of about 5% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Hotel & Hospitality Management Software Market 2020-2024. (Graphic: Business Wire)
Hotels are focusing on integrating newer technologies to lower expenses on document processing through automation. This is driving the adoption of hotel and hospitality management software. The software not only helps reduce dependency on
Hotels, pubs, and restaurants across Australia are pulling back punters, but losing time to typing. Track and trace regulations require establishments to register information on each guest, causing delays for many patrons, while others are deliberately falsifying their data.
Tackling these issues, Austrian technology firm Anyline has launched software to scan Australian driving licenses and passports on any smartphone. This technology give hospitality personnel a quick and contactless way to gather the data needed from each guest on entry. In contrast to QR code systems, guests do not need to type in their information themselves, meaning incorrect data cannot be entered.
“The hospitality industry is caught between a rock and a hard place: fighting every day to protect jobs and welcome back guests while doing all in their power to ensure safety,” said Anyline CEO Lukas Kinigadner. “But when the staff has a quick and contactless
Mobile devices continue their march toward becoming powerful productivity machines. But they are also major security risks if they aren’t managed properly. We look at the latest wisdom and best practices for securing the mobile workforce.
In a security alert published on Thursday, US payments processor Visa revealed that two North American hospitality merchants were hacked and had their system infected with point-of-sale (POS) malware earlier this year.
POS malware is designed to infect Windows systems, seek POS applications, and then search and monitor the computer’s memory for payment card details that are being processed inside the POS payments apps.
“In May and June 2020, respectively, Visa Payment Fraud Disruption (PFD) analyzed malware samples recovered from the independent compromises of two North American merchants,” Visa said.
The US payments processor didn’t name either of the two victims due to
Springboard Hospitality, a locally owned hotel management company, is growing its portfolio, rebranding, and investing in new technology even in the midst of the global pandemic.
Over the past six months, Springboard has added three new hotel properties,including Ohia Studio Suites in Waikiki, with several more additions underway. Other recent additions have been in Anchorage, Alaska; Los Angeles and Portland, Ore., and leisure destinations like Sedona, Ariz.; Carmel-by-the-Sea, Calif.; and Jackson, Wyo. The company is now operating in 10 states and has 35 properties, seven of them in Hawaii.
Until about two weeks ago, the company was called OLS Hotels &Resorts. Led by Hawaii-based tech entrepreneur Ben Rafter, the company changed its name to Springboard.
“When COVID hit we made the somewhat painful decision of saying let’s use what is a disaster for the industry,” Rafter said. “Instead of reducing the corporate team
everyone sacrificed a little bit and we
CEO of Jurny, a hospitality tech company offering SaaS-based management solutions designed to accommodate the modern traveler.
Travel was one of the hardest-hit industries during the first 100 days of the pandemic. Several months later, air travel is ticking up, and hotel occupancy rates have improved since reaching lows in April. However, as travel resumes, it has a whole new look for both travelers and service providers.
As the CEO of a hospitality technology company, I’ve observed these four new travel trends emerging from the pandemic — some which I believe are here to stay.
1. Vacation Rentals Surpassing Hotel Stays
Although the short-term rental industry experienced a 300% growth in the past five years, according to a recent report by data solutions company STR, hotels have historically outperformed short-term rentals in terms of higher occupancy rates and average daily rates. Several long-standing factors have attributed to hotel