The resiliency of the U.S. hospitality industry in 2021 has been remarkable. A gradual and controlled recovery is well underway. PwC forecasts that US RevPAR for 2022 will be approximately 93% of 2019 levels. This is not a one-size-fits-all recovery, and different parts of the country are recovering faster than others; nonetheless, hotel owners and their operating partners are making critical decisions around the future operating model. For example, investments in technology are accelerating and areas such as revenue management are successfully driving pricing power whereby average room rates have been significantly higher during this pandemic than in previous downturns. Technology investments around employee and guest safety have become a priority, and a tool for staff retention at a time where labor is the defining issue in the new operating model.
Hotel ownership is demanding their management partners do more with less, to create greater operating efficiency and employee contentment. To this end, industry stakeholders are prioritizing certain technology investments and have found that deploying an Internet of Things (IoT) geolocation platform can be an unexpected source of savings.
Continue reading: https://www.hotelbusiness.com/how-an-iot-geolocation-solution-can-help-boost-employee-morale-and-your-bottomline/
Hotel ownership is demanding their management partners do more with less, to create greater operating efficiency and employee contentment. To this end, industry stakeholders are prioritizing certain technology investments and have found that deploying an Internet of Things (IoT) geolocation platform can be an unexpected source of savings.
Continue reading: https://www.hotelbusiness.com/how-an-iot-geolocation-solution-can-help-boost-employee-morale-and-your-bottomline/
